Neuberger Berman New York Municipal Fund, Inc. has appointed Ami Kaplan and Franklyn Smith as board members. Ms. Kaplan was a partner at Deloitte LLP, where she worked with clients in the global financial services industry. She is a member of the New York and New Jersey State Public Accountants Societies and has served in … Read more
U.S. airline stocks are expected to post their best monthly performance since 2021 on Friday, helped by lower fuel prices and signs of strong travel demand during the summer season. The post-pandemic rebound in travel spending has held steady despite rising inflation and signs of a slowing economy. The number of Americans traveling by air … Read more
FDA Approves Gene Therapy for Duchenne Muscular Dystrophy, Limited to Young Patients In a groundbreaking development, the US Food and Drug Administration (FDA) has granted approval for a gene therapy to treat Duchenne Muscular Dystrophy (MD). This rare genetic disease primarily affects young boys and severely limits their life expectancy. The newly approved treatment, called … Read more
GSK Stock Price Boosted by Amicable Settlement in Zantac Cancer Lawsuit British pharmaceutical giant GSK experienced a significant boost in its stock price on Friday morning following the announcement of an amicable settlement in a California lawsuit related to its heartburn drug, Zantac. The drug has been accused by patients of contributing to their cancer. … Read more
SNCF Voyageurs, a subsidiary of SNCF, has won a contract worth 100 million euros for the operation of the first batch of the Pays-de-la-Loire TER network. The region has chosen to open up the network to competition in order to increase its rail offer. This is the fourth batch of TER open to competition awarded … Read more
The future Paris-Berlin TGV line may not pass through Strasbourg, according to Germany’s state-owned operator Deutsche Bahn. The company cited an agreement with the French national railway company SNCF as the reason for the potential change in route. This decision has sparked protests from elected officials in Strasbourg and the neighboring German town of Karlsruhe. … Read more
Further U.S. interest rate hikes are likely to be needed despite their potential impact on jobs, according to U.S. Federal Reserve Chairman Jerome Powell. Speaking before the US Senate Banking Committee, Powell defended the continuation of the monetary tightening policy started in March 2022 by the American bank. During the hearing, Powell was questioned by … Read more
Raffles Education Ltd, a leading education company in the Asia-Pacific region and Europe, has announced its plans to sell its Singapore property through a public tender. The news has caused a significant jump in the company’s shares. Raffles Education Ltd is known for its dedication to providing education and education-related services through its network of … Read more
Financials Acquisition Corp, an acquisition firm specializing in insurance technology, has announced plans for a special general meeting to extend the deadline of a business combination opportunity. The proposed business combination would involve raising additional capital and transforming into a listed operating company, with the intention of deploying funds to the Lloyds of London insurance … Read more
FTC Files Complaint Against Amazon for Coercing Consumers into Amazon Prime Subscriptions WASHINGTON, June 21 (Reuters) – The U.S. Federal Trade Commission (FTC) has taken legal action against Amazon.com, accusing the e-commerce giant of coercing millions of consumers into subscribing to its paid service, Amazon Prime, without their consent. The FTC also alleges that Amazon … Read more