Tag: business news
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Eli Lilly to buy psychedelics maker AtaiBeckley for $2.8 billion as experimental treatments gain traction
The deal for AtaiBeckley gives Lilly access to experimental drugs based on DMT and MDMA.
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UnitedHealth blows past estimates, hikes earnings outlook as it reins in costs
The healthcare giant is working to stabilize margins by shrinking membership, exiting unprofitable contracts and pouring $1.5 billion into AI.
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Catching up in the AI race? India gets its second AI unicorn in a month
Two Indian AI startups have become unicorns in a month, which has raised hopes that the country could shed its reputation as an AI laggard.
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Foreign investors sweeten on Indian government bonds as equities see a sell-off
The Indian government bond market is drawing interest from foreign investors as it readies for a likely inclusion in Bloomberg index.
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Ukraine’s Zelenskyy ousts defense minister in surprise shake-up as protest calls emerge
The move sparked some to call for a peaceful protest and comes shortly after Ukraine’s parliament accepted the resignation of Prime Minister Yulia Svyrydenko.
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Ex-Fed advisor gets over three years in prison for lying about China ties
The case marks one of the most prominent U.S. prosecutions alleging Chinese intelligence targeting of U.S. institutions, as Trump intensifies its pursuit of foreign economic espionage.
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$100M New Jersey deli fraud defendant Patten wants no prison time despite past conviction
James Patten is the person to be sentenced for a scheme that sent the market capitalization of a company that owned just a small New Jersey deli soaring.
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Analysis: Fed Chairman Warsh faces an inflation credibility test after Congress hearings
The new Fed chairman avoided major stumbles in two days of testimony before the House and Senate, but faces a rapid test of his commitment to price stability.
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Kalshi traders see gas prices crossing $4 by end of July
Like last month’s average, Kalshi traders see gas prices surpassing $4 by the end of July.
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What Netflix can say after earnings Thursday to get its mojo back
Wall Street is looking for a catalyst as sentiment around the dominant streaming platform stock is souring.
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