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Drugs Like Ozempic Created a Gold Rush. These Drugmakers Want In.
Companies developing weight-loss drugs have raised or made deals valued at more than $1.4 billion since about a year ago. Source link
Kim Kardashian in Talks to Buy Back Stake In Beauty Business From Coty
The reality star and entrepreneur had previously sold a 20% position in SKKN at $1 billion valuation. Source link
Desire for Interest on Deposits Is Bad for Main Street Banks
Community banks expected the Fed’s interest-rate increases to help them, but instead they are hurting. Source link
More Junk-Rated Companies Are Facing Credit Downgrades and Defaults
CFO Journal U.S. businesses with lower credit ratings or significant leverage are increasingly struggling with steep increases to debt-servicing costs Source link
National CineMedia Files for Bankruptcy as Latest Casualty of Cinema Slump
National CineMedia LLC, the largest movie-theater advertisement business in North America, filed for bankruptcy Tuesday after facing years of challenges from reduced attendance at cinemas
Tonal Founder Steps Down as CEO
The at-home fitness company completed its latest funding round at a fraction of its prior valuation. Source link
Auditors Didn’t Flag Risks Building Up in Banks
When KPMG LLP gave Silicon Valley Bank a clean bill of health just 14 days before the lender collapsed, the Big Four audit firm flagged
Private Equity’s Food Binge Goes Sour
Private-equity funds went on a buying binge for food companies before markets crashed in 2022. Now they have indigestion that is contributing to rising prices
China's Ant Gives Trapped Investors an Opportunity to Cash Out
China's Ant Gives Trapped Investors an Opportunity to Cash Out Source link