AbbVie says FDA approves Skyrizi for ulcerative colitis
AbbVie said that the heavily-advertised drug was now approved for four conditions across different so-called “immune-mediated” inflammatory diseases.
Trump Media shares continue to drop, as SEC move threatens to ding shareholders
Trump Media & Technology Group Corp. — the company behind former President Donald Trump’s Truth Social platform — said Tuesday that regulators allowed some of...
Amazon hit with $5.9 million fine as California says it failed to disclose quotas to workers
Amazon has been fined $5.9 million by a California labor agency accusing the online retailer of failing to sufficiently disclose productivity quotas to employees at...
Tuatara Capital to run Cannabis NYC Loan Fund to fuel social-equity program
A private-equity firm led by Wall Street veterans that has backed Willie Nelson’s pot brand Willie’s Reserve as well as multi-state operator Verano has been...
Citi’s investment-banking revenue tracking 50% above year-ago level
Citigroup’s investment banking unit is being driven by better mergers and acquisitions activity as well as capital-raising.
CBO raises U.S. budget-deficit forecast to close to $2 trillion
The U.S. budget deficit is projected to hit $1.92 trillion this year, up from $1.69 trillion in 2023, according to updated projections from the Congressional...
The Fed is ‘playing with fire’ by not cutting rates, says creator of ‘Sahm Rule’ recession indicator
As the jobless level has ticked up in recent months, the "Sahm Rule" has generated increasing talk on Wall Street.
Morpho becomes first L2 protocol to launch on Base
Morpho is the first Layer 2 protocol to launch on Coinbase’s Base. Morpho has introduced MetaMorpho Vaults and Morpho Markets on Base, boosting yield and...
HashKey announces airdrop ahead of HSK token listing in Q3, 2024
HashKey Group announces HSK token launch set for Q3, 2024. A community airdrop is scheduled for late June to incentivize community building. HashKey Group has...