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GLP-1 drugs are so powerful that, in 20 years, they can save millions from premature death, a leading insurance company says.
GLP-1 drugs are so powerful that, in 20 years, they can save millions from premature death, a leading insurance company says.
Workday’s stock has underperformed this year, but Elliott Management has taken a stake in the software maker and the company is doubling down on its AI initiatives.
Workday’s stock has underperformed this year, but Elliott Management has taken a stake in the software maker and the company is doubling down on its AI initiatives.
Bank of America Chair and CEO Brian Moynihan talks about leadership changes at the bank.
Bank of America Chair and CEO Brian Moynihan talks about leadership changes at the bank. "I'm not going anywhere in the short term or medium term" he said on "Bloomberg Surveillance." The company named Dean Athanasia and Jim DeMare co-presidents, reporting to Moynihan directly, who has been in charge of the firm since 2010. (Source: Bloomberg)
Momentum Group Ltd.
Momentum Group Ltd. is open to considering an initial public offering for its Indian venture with billionaire Kumar Mangalam Birla as the South African insurer steps up its expansion plans in Asia’s third-largest economy.
Raw sugar declined in New York on the outlook for bigger supplies from top grower Brazil and concerns about demand in China and Indonesia.
Raw sugar declined in New York on the outlook for bigger supplies from top grower Brazil and concerns about demand in China and Indonesia.
Bank of America Corp.
Bank of America Corp. will increase its minimum wage to $25 an hour next month, the final step in a long-term goal the company set several years ago. CEO Brian Moynihan says this gives employees a chance to join the company and spend their whole career with the firm. He speaks on "Bloomberg Surveillance." (Source: Bloomberg)
A stablecoin bidding war on one of crypto’s fastest-growing platforms is offering a preview of the industry’s next phase — and who might control it.
A stablecoin bidding war on one of crypto’s fastest-growing platforms is offering a preview of the industry’s next phase — and who might control it.
South Africa’s National Treasury said it’s considering tapping the Eurobond market to replenish cash reserves after it repaid a $2 billion bond that matured this week.
South Africa’s National Treasury said it’s considering tapping the Eurobond market to replenish cash reserves after it repaid a $2 billion bond that matured this week.
Abu Dhabi National Oil Co.
Abu Dhabi National Oil Co. dropped its planned $19 billion takeover of Australian natural gas producer Santos Ltd., walking away from an ambitious effort to expand overseas.
Treasury yields held near their lowest levels this week as investors counted down to Wednesday’s Federal Reserve interest-rate decision, which is expected to be the first cut in 2025.
Treasury yields held near their lowest levels this week as investors counted down to Wednesday’s Federal Reserve interest-rate decision, which is expected to be the first cut in 2025.
Jerry Greenfield said he’s quitting the ice-cream company he co-founded with Ben Cohen.
Jerry Greenfield said he’s quitting the ice-cream company he co-founded with Ben Cohen.
Abu Dhabi National Oil Co.
Abu Dhabi National Oil Co. walked away from a proposed $19 billion offer for Australian natural gas producer Santos Ltd., saying a “combination of factors” discouraged it from making a final bid.
US equity futures are muted amid expectations of the Fed's first rate cut of the year.
US equity futures are muted amid expectations of the Fed's first rate cut of the year. China's internet watchdog has reportedly instructed companies to terminate orders for a model of Nvidia's AI chip. President Trump’s two-day state visit to the UK kicks off with the promise of deals and diplomacy. George Saravelos of Deutsche Bank and Andrew Hollenhorst of Citi discuss the upcoming rate decision and the Fed's path ahead. “Bloomberg Brief” delivers the market...
In the wake of the sudden collapse of subprime auto lender Tricolor Holdings, creditors across the US are scrambling to stake their claim on the company’s remaining assets and contain their losses.
In the wake of the sudden collapse of subprime auto lender Tricolor Holdings, creditors across the US are scrambling to stake their claim on the company’s remaining assets and contain their losses.
A group of creditors to Seqens SASU has tapped a legal adviser amid growing concerns over a potential cash crunch at the French pharmaceuticals firm.
A group of creditors to Seqens SASU has tapped a legal adviser amid growing concerns over a potential cash crunch at the French pharmaceuticals firm.
Russian officials have held talks with the country’s major grain traders in an effort to boost exports from the world’s top wheat shipper after a sluggish start to the season, according to people familiar with the matter.
Russian officials have held talks with the country’s major grain traders in an effort to boost exports from the world’s top wheat shipper after a sluggish start to the season, according to people familiar with the matter.
European private equity firm Keensight Capital agreed to acquire a majority stake in orthobiologic product maker Isto Biologics from Thompson Street Capital Partners, as the pickup in mid-sized deals continues.
European private equity firm Keensight Capital agreed to acquire a majority stake in orthobiologic product maker Isto Biologics from Thompson Street Capital Partners, as the pickup in mid-sized deals continues.
Rithm Capital Corp.
Rithm Capital Corp. agreed to buy Paramount Group Inc., an office landlord in New York and San Francisco, for about $1.6 billion.
Weekly oil exports slump, driven by slide in Baltic shipments.
Weekly oil exports slump, driven by slide in Baltic shipments
Stocks treaded water as markets saw muted moves across most asset classes, with traders taking risky bets off the table ahead of Wednesday’s Federal Reserve interest-rate decision.
Stocks treaded water as markets saw muted moves across most asset classes, with traders taking risky bets off the table ahead of Wednesday’s Federal Reserve interest-rate decision.