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A Trillion-Dollar Opportunity: China’s Pivot to the Middle East Set to Fuel Investment Boom
Middle Eastern sovereign-wealth funds have a lot of money to invest. More of it is set to go to Chinese businesses. The increasing economic links
Mallinckrodt in Talks to Cut Opioid Settlement by Up to $1 Billion
Mallinckrodt, the financially troubled pharmaceutical company, is in discussions with a compensation trust for opioid victims as it seeks to potentially reduce the amount of
Meta's Threads App Sees Early Success, Drawing Advertiser Interest and Twitter's Ire
In less than 24 hours, the app has signed up more than 30 million users, surged to the top of download charts and become a
Complex Fund Names May Be a Warning Sign for Investors
The more-wordy your fund name, the worse it does, says a professor who ran the numbers. But the reason isn’t clear. Source link
FDA Approves Leqembi, Extending Alzheimer's Treatment to More Patients
Medicare enrollees can get the anti-amyloid treatment as a result of the agency’s full approval. Source link
FIS to Sell Majority Stake in Worldpay for $11.7 Billion
Private-equity firm GTCR will hold a 55% stake following the deal that values the payment processor at $18.5 billion. Source link
The AI Boom Isn't Breaking the Memory-Chip Slump—Yet
Samsung Electronics forecast a 96% drop in its operating profit for its second quarter—a sign that even the world’s largest maker of memory chips isn’t
U.S. Oil Boom Blunts OPEC's Pricing Power
U.S. petroleum production is on pace for a record-breaking year, helping to keep energy prices stable despite the efforts of Saudi Arabia and other major