TD Targets Atlanta, Florida for Growth After First Horizon Flop
After failing to close its largest-ever US banking acquisition, Toronto-Dominion Bank has a new strategy for growth in the Southeast — do it slowly.
Bloomberg Business
Debt Deal’s Economic Hit Seen Rippling Through 2024 Presidential Race
(Bloomberg) — The economic impact of a deal on the debt ceiling will have ripple effects for presidential candidates in 2024 — and 2028.
Teva Explores Options for Bowel Inflammation Drug
Teva Pharmaceutical Industries Ltd. is exploring options including a potential sale for its treatment for inflammatory bowel disease, looking to capitalize on industry excitement about immunology drugs, according to people familiar with the matter.
Oil Snaps Three-Day Rally After Russia Says OPEC+ Will Stay Put
Oil fell the most since early May after Russia downplayed the likelihood of another OPEC+ production cut.
Ron DeSantis Pivots From Glitchy Campaign Launch on Twitter to Travel Blitz
Ron DeSantis’s presidential campaign sought to regain its footing Thursday by announcing a robust upcoming travel schedule to early-voting states a day after a glitch-filled launch.
In Debt-Limit Fight, Biden Scores a Win on Defense Spending
Republican debt-limit negotiators are setting aside demands for large increases in defense spending and instead settling for a smaller increase President Joe Biden sought in his budget proposal, people familiar with the talks said.
Paul Krugman Warns US Debt-Cap Talks Risk Harming Future Prosperity
Nobel Prize-winning economist Paul Krugman played down concerns about the US government’s burgeoning debt ahead of potential default next week and said budget negotiators risked undermining the nation’s future prosperity by focusing their efforts to cut spending on such programs as education and child nutrition.
JPMorgan Says Former US Virgin Islands First Lady Got Visas for Epstein Victims
JPMorgan Chase & Co. accused the former first lady of the US Virgin Islands of aiding Jeffrey Epstein’s sex trafficking in a number of ways, including helping to arrange visas, jobs and travel for some of his victims and assisting him in skirting the territory’s sex-offender monitoring law.
Cathie Wood’s ARKK Dumped Nvidia Stock Before $560 Billion Surge
Cathie Wood’s flagship exchange-traded fund closed out its Nvidia Corp. stake in early January. Then, came the artificial intelligence frenzy that sent the stock and its big tech peers on a tear.
Target’s CEO Slams ‘Gut-Wrenching’ Threats Over LGBTQ-Themed Goods
Target Corp.’s top executive hammered the aggressive behavior that some customers directed toward employees because of the retailer’s collection of LGBTQ-themed merchandise.
