Bloomberg Business

Walgreens Boots Alliance Inc. lost Chief Information Officer Hsiao Wang just over a year after he was named to the post amid a wider leadership shakeup at the drugstore chain.

Oil fell, with the US benchmark tumbling below $90 a barrel, as worries about further interest rate increases and a slowdown in the economy roiled broader markets.

Bitcoin touched a six-week high before paring gains, while the first-ever US exchange-traded funds based on Ether futures began to trade.

At a time when crude prices are once again flirting with $100 a barrel on Saudi Arabia-led OPEC+ supply cuts, the Middle East will play host to the region’s largest energy conference. But unlike in years past, oil won’t be top of the agenda. Instead, the focus will be on the energy transition under the title “Decarbonising. Faster. Together.” Elsewhere, the offshore wind industry will gather in Boston for a two-day summit, while the US shale patch struggles to control record oil-field costs.

The drag on oil demand in China, Europe and the US is weighing heavily on crude prices, capping the potential gains from OPEC+ supply cuts, Citigroup Inc. analyst Ed Morse says.

Carlyle Group Inc. is retreating from bets on US consumer brands as the firm reorganizes its private equity business in the country around core sectors such as financial services and technology.

US lawmakers want the intelligence community to define what it does. They still don’t have an answer.