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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.

Nike Faces Uncertain Future as CEO John Donahoe’s Leadership Questioned

Nike's CEO, John Donahoe, is under increasing scrutiny after the company reported disappointing fiscal results, leading to a sharp decline in its stock price....

Pfizer’s Strategic Turnaround Amid Employee Uncertainty and Market Optimism

Pfizer experienced a remarkable first quarter, earning praise from Wall Street and CEO Albert Bourla during a companywide town hall. This came after a...

Global Stocks Soar in First Half of 2024 Amid AI Boom and Economic Optimism

Global stocks were poised to finish the first half of 2024 strongly, with investors eyeing crucial U.S. inflation data for indications on the timing...

Japan Appoints New FX Diplomat as Yen Hits 38-Year Low

Japan appointed Atsushi Mimura as its new top foreign exchange diplomat on Friday as the yen hit a 38-year low against the dollar. This...

U.S. Stock Market Faces Uncertainties in Second Half of 2024

As U.S. stocks conclude a strong first half of 2024, investors are speculating about the impact of political uncertainty, potential Federal Reserve policy shifts,...

Saudi Arabia May Cut Oil Prices for Asia Again in August Amid Market Pressures

Top oil exporter Saudi Arabia is considering a second consecutive month of price cuts for the crude grades it sells to Asia in August,...

Commodity Markets Could Face Disruption with Potential Trump Presidency, Says HSBC Economist

Commodity markets may experience greater fragmentation and supply disruptions if former U.S. president Donald Trump wins the November 5 election, according to HSBC economist...

NASA Awards SpaceX $843 Million Contract to Guide ISS Deorbit by 2030

NASA announced on Wednesday that SpaceX will develop a spacecraft to guide the International Space Station (ISS) to its controlled destruction later this decade....

JPMorgan Disputes Federal Reserve’s Stress Test Income Projections

JPMorgan Chase announced late Wednesday that the Federal Reserve overestimated a critical income measure in the bank’s recent stress test, indicating that its actual...

Home Prices Show Signs of Cooling Amid Stagnant Spring Market

Home prices are showing signs of cooling, though they remain higher than a year ago. Several new reports indicate that price gains are shrinking,...

Chinese Automakers to Capture 33% of Global Market by 2030

Chinese automakers are projected to capture 33% of the global automotive market share by 2030, according to a new report from consulting firm AlixPartners....

Walgreens Shares Drop as Q3 Earnings Miss Expectations and Profit Outlook is Cut

Shares of Walgreens closed more than 20% lower on Thursday after the company reported fiscal third-quarter earnings that missed expectations and lowered its full-year...

Rivian Focuses on Cost-Cutting and Efficiency Amid Stock Fluctuations

Rivian Automotive's investor event on Thursday centered on cost-cutting efforts, efficiency gains, and in-house technologies but wasn't enough to maintain the company’s recent stock...

Tesla’s Lead in Electric Vehicle Quality Declines as Legacy Automakers Catch Up

Tesla is losing its lead over legacy automakers in the quality of its new all-electric vehicles, according to J.D. Power's 2024 U.S. Initial Quality...

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