By Kanishka Singh WASHINGTON (Reuters) -The former CEO of healthcare software company SCWorx Corp was found guilty of investor fraud for falsely stating the company was becoming a major supplier of CO[...]
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July 10, 2024
Ackman says his firm will put $500 million into Pershing Square USA
By Svea Herbst-Bayliss NEW YORK (Reuters) – Bill Ackman’s firm Pershing Square Capital Management will put $500 million into its new U.S.-listed investment holding company, the hedge fund[...]
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CNN to cut 100 jobs in major overhaul to focus on digital, memo shows
By Yuvraj Malik (Reuters) – News outlet CNN will cut about 100 jobs as part of a plan to consolidate news operations and bolster its digital business, according to an internal memo seen by Reute[...]
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NYSE short interest fell 2.9 percent in late June
NEW YORK, July 10 (Reuters) – Short interest on the New York Stock Exchange fell 2.9 percent in late June, the exchange said on Wednesday. As of June 28, short interest fell to about 16.225 bill[...]
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NBA finalizes $76 billion broadcasting deal with Disney, Amazon, Comcast, the Athletic reports
(Reuters) -The National Basketball Association has finalized a $76 billion deal that will make Comcast’s NBCUniversal and Amazon.com’s Amazon Prime Video new partners, and it will maintain[...]
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Nasdaq short interest down 1.8% in late June
NEW YORK, July 10 (Reuters) – Short interest on the Nasdaq fell 1.8% in the second half of June, the exchange said on Wednesday. As of June 28, short interest fell to about 14.197 billion shares[...]
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US needs stronger defenses against China’s overcapacity, Treasury official says
By David Lawder WASHINGTON (Reuters) – The U.S. may need to take further and “more creative” actions beyond tariffs to protect U.S. industries and workers against China’s growi[...]
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Most patients stop using Wegovy, Ozempic for weight loss within two years, analysis finds
By Chad Terhune (Reuters) -Only one in four U.S. patients prescribed Novo Nordisk’s Wegovy or Ozempic for weight loss were still taking the popular medications two years later, according to an analysi[...]
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Norfolk Southern agrees to implement derailment probe recommendations
By David Shepardson WASHINGTON (Reuters) – Norfolk Southern said on Wednesday it had agreed to implement a series of safety recommendations made by the National Transportation Safety Board follo[...]
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