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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.

Apollo Global Management Invests $700 Million in Sony Music Group for High-Grade Alternative Assets

Apollo Global Management, a major player in private equity, has made a significant investment of $700 million in the renowned record label Sony Music...

Federal Reserve Prepares for Potential Rate Cuts Amid Signs of Easing Inflation

U.S. Federal Reserve policymakers received new evidence on Friday suggesting significant progress in their ongoing battle against inflation. This development has fueled expectations that...

U.S. Investors Continue Strong Equity Fund Inflows Amid Earnings Season

U.S. investors continued their bullish stance on equity funds in the week leading up to July 24, injecting $5.7 billion into these funds despite...

3M Increases Annual Profit Forecast Amid Restructuring and High-Demand Sectors

Industrial conglomerate 3M has raised the lower end of its annual adjusted profit forecast, thanks to successful restructuring efforts and growing demand in high-tech...

LinkedIn Settles Class Action Lawsuit Over Inflated Video Ad Metrics for $6.625 Million

LinkedIn has agreed to a $6.625 million settlement to resolve a proposed class action lawsuit that accused the Microsoft-owned unit of overcharging advertisers by...

Nasdaq Leads Wall Street Gains as Tech Stocks Rebound and Inflation Data Aligns with Expectations

Wall Street’s primary indexes opened higher on Friday, with the Nasdaq Composite taking the lead as most megacap tech and chip stocks rebounded from...

U.S. Inflation Moderates in June, Raising Hopes for September Rate Cuts

U.S. prices rose modestly in June as the cost of goods fell, balancing an increase in service prices. This indicates an improving inflation landscape...

Viking Therapeutics Advances Weight Loss Injection to Late-Stage Trial, Shares Surge 28%

Shares of Viking Therapeutics surged by 28% on Thursday following the biotech company’s announcement that it will advance its experimental weight loss injection, VK2735,...

Southwest Airlines Overhauls Business Model with Assigned Seating and Extra Legroom

Southwest Airlines is set to implement the most significant changes to its business model in 53 years by introducing assigned seating and extra legroom...

Ford Leads Decline in U.S. Automotive Stocks Amid Disappointing Earnings

Ford Motor Company is leading a significant decline in major U.S. automotive stocks this week following disappointing earnings results and growing investor skepticism regarding...

Boeing’s Starliner Mission Extended: NASA and Boeing Address Issues Before Return

Boeing’s crew spacecraft, Starliner, will stay docked with the International Space Station (ISS) into August, NASA confirmed on Thursday. The mission, which is currently...

Deadpool & Wolverine Set to Break Box Office Records with R-Rated Marvel Cinematic Universe Debut

The “Merc with a Mouth” returns to the big screen this weekend, bringing an R-rating to Disney’s Marvel Cinematic Universe. "Deadpool & Wolverine," the...

General Motors Unveils 2025 Chevy Corvette ZR1: Most Powerful Corvette Yet

General Motors’ latest Chevrolet Corvette will be the most powerful version of the iconic American sports car ever produced. The 2025 Chevy Corvette ZR1...

LVMH Becomes First Luxury Brand to Sponsor the Olympics

For the first time, a luxury brand has become an official Olympic sponsor, and it's none other than the extensive empire of LVMH. "We...

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