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Adobe (NASDAQ:ADBE) named Anil Chakravarthy as its next president and chief executive officer, tapping a six-year company insider to lead the software maker as it navigates intensifying competition from AI rivals. Chakravarthy will assume the role on December 1 and join Adobe's board of …
The US health regulator said it is working with all six manufacturers to increase the supply of estradiol transdermal patches, used to treat menopause symptoms, after reports of patients having difficulty readily accessing them. A surge in demand for estrogen patches has strained supplies …
US equity funds recorded outflows for a second consecutive week, as rising bond yields and oil prices amid renewed Middle East tensions weighed on investor sentiment, though strong results from AI-related companies helped limit the broader selloff. Investors withdrew a net $11.12 billion from …
Global money market funds attracted significant inflows in the week through September 2, as escalating US-Iran tensions and a selloff in global bonds prompted investors to increase cash holdings and favor shorter-duration debt. Investors added a net $46.1 billion to global money market funds, …
ByteDance has secured a $29.6 billion loan from close to three dozen banks, with institutions from China, the United States, Europe and Singapore all participating in the transaction, according to people familiar with the matter. The three-year facility, coordinated by Citigroup and JPMorgan, ranks …
US Director of Federal Housing Bill Pulte said he has directed Fannie Mae and Freddie Mac, the government-sponsored enterprises created by Congress to support the housing market, to approve all lenders to use the credit scoring system VantageScore. Pulte wrote in aSocial Mediapost that …
The US Food and Drug Administration approved Ionis Pharmaceuticals' therapy to treat Alexander disease, a rare condition affecting the brain's white matter, making it the first treatment to receive approval for the genetic disorder. Ionis' injectable drug zilganersen, branded as Zanvastro, can be used …
Bitcoin is heading for its third consecutive winning week, as traders search for refuge amid volatile moves in equities, currencies and bond markets. The token is up 4.6% week to date after hitting a high of $82,272.31 overnight, marking its highest level since May …
Central banks face a serious challenge to their independence from populist parties that threatens to undermine economic prosperity, Bank of England Governor Andrew Bailey warned in a speech in London on Friday. Bailey told his audience that growing skepticism toward public institutions means central …
President Trump on Friday demanded that the Federal Reserve slash interest rates or he would cut off trade with countries with which the US maintains trade deficits. Trump issued the ultimatum in a Truth Social post reacting to a much-stronger-than-expected August jobs report, urging …
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