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The Man Charged With Steering the Yuan Through China's Economic Turmoil
Pan Gongsheng has experience in high-stakes tasks, but China’s fragile economy raises new risks. Source link
AT&T Shares Fall to Lowest Price Since 1993
Telecom stocks continue slide after WSJ investigation into toxic lead cables. Source link
Stocks Rise to Kick Off Week of Earnings Reports
Major indexes ride momentum from last week’s encouraging reports on inflation and bank earnings. Telecom shares, however, fell to multiyear lows. Source link
Tesla Outlines Plan to Create Largest Auto Factory in Germany
Electric-vehicle maker aims to double capacity of Berlin-area plant to one million cars a year. Source link
FDA Approves First RSV Drug to Protect All Infants
While the virus often leads to mild, coldlike symptoms, it is the leading cause of hospitalization of infants in the U.S. Source link
Restricting Chip Sales to China Could Backfire on U.S., Industry Group Says
The potential limits threaten to undermine new government investments in chip-making in the U.S., the Semiconductor Industry Association warns. Source link
Cathie Wood's ARK Writes Down Twitter Stake by 47%
Wood is still bullish on Twitter’s long-term outlook and said her fund updates its internal valuations of private companies frequently. Source link
U.S. Companies Score Partial Reprieve From Global Tax Deal
Changes to the deal negotiated by officials including Treasury Secretary Janet Yellen will delay or reduce taxes set to be paid to foreign countries. Source
Big Banks' Earnings Had Some Bad News for Smaller Banks
Regional lenders due to report results this week will likely be hit harder by rising deposit costs. Source link
Binance Cuts Back Employee Benefits, Citing Decline in Profit
The company told staffers that it would stop offering mobile-phone reimbursement, fitness reimbursement and work-from-home expenses, among other items. Source link