Ex-Goldman Banker Uses Big Data to Beat Biotech’s Long Odds
Simone Song isn’t afraid of the numbers.
Bloomberg Business
Citizens Financial Will Back NYC Marathon to Target Metro Market
Citizens Financial Group Inc. will soon be a financial face of the New York City Marathon and local running community as the bank looks to expand its presence in the metro market.
Starbucks Founder Howard Schultz Steps Down From Board
Starbucks Corp. founder Howard Schultz is stepping down from the company’s board effective Wednesday, the company said.
Price Tag for CDPQ’s Montreal Rail Line Soars to $6 Billion
The cost of Montreal’s new transit line has jumped to nearly C$8 billion ($5.9 billion) because of construction problems and pandemic-related delays, according to the Quebec pension fund that’s backing it as part of its infrastructure investment strategy.
Airlines Shares Slump Most in Two Months as American Cuts View
US passenger airline shares sank by the most since July after American Airlines Group Inc. and discount carriers warned that higher fuel costs, labor costs and flagging interest in domestic travel were hurting their bottom lines.
Tech Leaders Discuss AI Policy in Closed-Door Senate Meeting
More than 20 tech and civil society leaders, including the chief executives of five of the 10 biggest US companies, appeared at a closed-door Senate meeting on Wednesday to shape how artificial intelligence is regulated.
Musk Calls for AI ‘Regulatory Structure,’ Warns Congress of Risk
Elon Musk called for a “regulatory structure” for artificial intelligence after warning US senators about risks to civilization posed by the nascent technology.
Emerging Markets Boosted by Interventions as Rate Fears Grow
Expectations of central-bank interventions are helping to steady emerging-market currencies, even as traders adjust to a higher-for-longer regime for developed market interest rates.
Euro Weakness Seen Prolonged Even With Another ECB Rate Increase
Currency analysts expect the euro to extend its eight-week slide against the dollar even if the European Central Bank raises interest rates on Thursday to tame inflation.
FTX Approved to Start Selling Its $3.4 Billion Crypto Hoard
FTX Trading Ltd. won court approval to begin selling digital currency from its hoard of $3.4 billion worth of cryptoassets to raise money for creditors who claim they are owed tens of billions of dollars.
