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Swiss Re Expands Credit Insurance Reach With QBE Acquisition

Swiss Re Corporate Solutions will acquire QBE’s Global Trade Credit and Surety business, reinforcing its presence in specialty insurance across Australia, New Zealand, and the UK and expanding its credit risk offering.

QNB Corp. to Expand Footprint with $41 Million Acquisition of Victory Bancorp

QNB Corp. announces acquisition of Victory Bancorp for $41 million, creating a larger Pennsylvania-based bank with expanded assets and market reach.

British American Tobacco Confirms 2026 Financial Targets Amidst Strategic Shift to Smokeless Products

British American Tobacco reaffirms its 2026 financial outlook, projecting steady growth in EPS and revenue while accelerating its strategic shift towards smokeless nicotine products.

Business

Swiss Re Expands Credit Insurance Reach With QBE Acquisition

Swiss Re Corporate Solutions will acquire QBE’s Global Trade Credit and Surety business, reinforcing its presence in specialty insurance across Australia, New Zealand, and the UK and expanding its credit risk offering.

Les Wexner Faces Intensified Congressional Scrutiny Over Epstein Ties

Billionaire Les Wexner faces tough questions from lawmakers over his long ties with Jeffrey Epstein. Lawmakers allege Wexner enabled Epstein’s crimes, while Wexner claims he was deceived. Here’s the latest on the ongoing congressional inquiry.

QNB Corp. to Expand Footprint with $41 Million Acquisition of Victory Bancorp

QNB Corp. announces acquisition of Victory Bancorp for $41 million, creating a larger Pennsylvania-based bank with expanded assets and market reach.

British American Tobacco Confirms 2026 Financial Targets Amidst Strategic Shift to Smokeless Products

British American Tobacco reaffirms its 2026 financial outlook, projecting steady growth in EPS and revenue while accelerating its strategic shift towards smokeless nicotine products.

Sensei Biotherapeutics Secures Future with Faeth Therapeutics Acquisition and $200M Financing

Sensei Biotherapeutics acquires Faeth Therapeutics for $200M, bolstering its oncology pipeline with PIKTOR and securing crucial funding for clinical trials in endometrial and breast cancer.

Amazon Shares Plummet Over 12% Amid Slowdown in Online Sales Growth

Shares of Amazon.com (AMZN.O) dropped more than 12% on Friday after the company reported a deceleration in online sales growth for the second quarter...

SVB Financial Group Approved to Transfer Assets to Creditors and Conclude Bankruptcy

SVB Financial Group, the former owner of the now-defunct Silicon Valley Bank, received approval from a U.S. judge on Friday to transfer its remaining...

Hedge Funds Increase Bearish Bets Amid Concerns of U.S. Economic Slowdown

Global hedge funds have been increasingly adding bearish equity bets to their portfolios, driven by fresh data suggesting a faster-than-anticipated slowdown in the U.S....

Richmond Fed President Barkin Holds Firm on Monetary Policy Despite Weak Jobs Data

Richmond Federal Reserve President Thomas Barkin stated that he is not ready to alter his monetary policy outlook despite the unexpectedly weak U.S. jobs...

U.S. Justice Department Sues TikTok Over Children’s Privacy Violations

The U.S. Justice Department filed a lawsuit on Friday against TikTok and its parent company ByteDance for failing to protect children's privacy on the...

U.S. Unemployment Rate Rises to Near Three-Year High, Sparking Recession Fears

The U.S. unemployment rate jumped to 4.3% in July, reaching its highest level in nearly three years and fueling concerns about a potential recession....

U.S. Stocks Decline Amid Recession Fears and Weak Jobs Report

U.S. stocks experienced a significant sell-off for the second straight session on Friday, as the Nasdaq Composite entered correction territory. The downturn was triggered...

Eli Lilly’s Zepbound Shows Promise in Treating Heart Failure with Obesity

Eli Lilly’s weight loss drug Zepbound has shown significant benefits in patients with a common type of heart failure and obesity, according to late-stage...

Kohl’s Revitalizes Retail with Babies R Us Shops in Time for Fall

WOODLAND PARK, N.J. — Kohl’s is gearing up for a significant expansion by introducing Babies R Us shops within its stores nationwide, with plans...

Venu Streaming Service to Launch at $43 Per Month, Aimed at Cord-Nevers

This fall, Disney, Fox, and Warner Bros. Discovery are set to launch Venu, a new streaming service priced at $42.99 per month. This pricing...

New Funding Boosts USA Women’s Sports Ahead of 2024 Paris Olympics

The 2024 Paris Olympics are drawing substantial new investments for lesser-known sports and women’s teams, with the USA women’s rugby sevens, water polo, and...

DraftKings Introduces Surcharge on Winning Bets in High-Tax States

DraftKings, a leading mobile betting company, is set to introduce a surcharge on winning bets in states with high sports betting tax rates, aiming...

Jeff Bezos’ Latest Investment Focus: Artificial Intelligence

Jeff Bezos has been making waves with his extravagant purchases, such as a $165 million estate in Los Angeles and a $177 million property...

NASA Debates Returning Astronauts on Boeing’s Starliner Amid Safety Concerns

NASA management is currently in extensive discussions about whether to bring back astronauts Butch Wilmore and Suni Williams on Boeing’s Starliner capsule or use...

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