ExodusPoint’s assets drop $1 billion in first half
By Carolina Mandl NEW YORK (Reuters) – ExodusPoint Capital Management reported a $1 billion drop in assets under management in the first half of 2024, according to a regulatory filing.…
Harris aims at stubbornly high prices
(Reuters) – Vice President Kamala Harris’ speech in Raleigh, North Carolina, on Friday will focus on economics, and specifically around her plans to lower costs and target “corporate price-gouging” if…
US expects billions in savings from Medicare drug price cuts of up to 79%
By Patrick Wingrove and Trevor Hunnicutt WASHINGTON (Reuters) -The Biden administration said on Thursday it has negotiated down the prices of 10 top-selling prescription drugs used by Medicare by as…
Flynn Group buys 83 more Wendy’s franchises in US
By Waylon Cunningham (Reuters) – Flynn Group, which says it is the world’s biggest franchise operator, bought 83 Wendy’s franchises in New Jersey and Pennsylvania, bringing its total to 277.…
U.S. 30-year fixed-rate mortgage steadies near 15-month low, Freddie Mac says
By Makailah Gause NEW YORK (Reuters) – The average rate on the popular U.S. 30-year mortgage rate was little changed near the lowest level in over a year this week,…
Bank of America partners with FIFA as first-time sponsor for 2026 World Cup
(Reuters) – Bank of America is partnering with FIFA to become a sponsor for the 2026 World Cup, soccer’s global governing body said on Thursday, in a move that will…
Shake Shack, Serve Robotics roll out autonomous sidewalk robot delivery in Los Angeles
(Reuters) – Fast-food chain Shake Shack and Serve Robotics are partnering to use autonomous sidewalk robots to deliver orders placed on Uber Eats, the companies said on Wednesday. The partnership…
Lilly demands doctors stop selling copycat weight-loss drugs, Bloomberg reports
(Reuters) -Eli Lilly has sent cease-and-desist letters to U.S. healthcare providers in recent days demanding they stop the promotion of copycat weight-loss drugs as the supply of its brand-name medicines…
Commodities broker Marex plans more acquisitions; shares surge after results
By Eric Onstad LONDON (Reuters) – British-based commodities broker Marex Group is planning more acquisitions to diversify the company following a U.S. listing, its CEO told Reuters, in the wake…
Brazil Senate committee again postpones vote on central bank financial autonomy
BRASILIA (Reuters) – A Brazilian Senate committee on Wednesday once again postponed a vote on a constitutional amendment proposal to grant financial autonomy to the central bank, which is backed…