Bloomberg Business

The number of insolvent Canadians is rising again as higher interest rates pinch households, driving a key measure of financial stress to a record high.

Eli Lilly & Co. won’t raise prices on any insulin products now on the market, Chief Executive Officer Dave Ricks told Senator Bernie Sanders at a hearing with big pharma executives as drugmakers come under increased scrutiny over soaring costs.

In October 2020, Akorn Operating Company LLC announced its emergence from Chapter 11 bankruptcy as the beginning of “an exciting new chapter.”

Tether Holdings Ltd., the operator of the largest stablecoin, increased its holdings of US Treasury bills to $53 billion while simultaneously cutting its exposure to cash in the first quarter, following a slate of US bank closures that impacted rivals.

Signs of moderating price pressures in April will give Federal Reserve officials room to pause their aggressive tightening campaign next month, though inflation is still running too hot for policymakers to consider cutting interest rates.

US stocks posted modest gains in a listless session, while Treasuries rose after a report showed inflation moderated slightly in April and swaps traders upped bets the Federal Reserve will cut rates this year.

Mario Gabelli wants fellow baseball fans to understand that team loyalties aside, they should embrace the Atlanta Braves.

Topgolf Callaway Brands Corp. tumbled by the most since October 2020 on Wednesday after the company cut its profit forecast for the year, signaling that interest in golf is cooling following a pandemic-fueled surge.

A two-day meeting on the Black Sea grain deal between United Nations officials and deputy defense ministers from Turkey, Russia and Ukraine started in Istanbul, Turkey’s state-run Anadolu Agency reported.

Binance appears to have lost market share amid changes to its trading-fee structure and a wider regulatory crackdown on the cryptocurrency universe by US officials.