Bloomberg Business

Fed Short-Term Investment Facility Loses Ground to Alternatives

A Federal Reserve facility that briefly topped $2.5 trillion at the start of the year is approaching $1.5 trillion in size as the institutional investors that use it are increasingly convinced the central bank is done raising interest rates.

Microsoft-Backed Rubrik Aims for IPO as Soon as This Year

Rubrik Inc., a cloud and data security startup backed by Microsoft Corp., is on track to hold its initial public offering this year and its investor roadshow could start as early as October, according to people familiar with the matter.

Walgreens CEO Departs After Push Into Health Care Falls Flat

Walgreens Boots Alliance Inc.’s Chief Executive Officer Rosalind Brewer ended her brief tenure at the top this week, as the company struggles to break away from its retail roots and move into more lucrative parts of health care.

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