US Corporate Profits Rise Again With Recession Fear Fading
US corporate profits are on the rise again following four straight quarters of declines, according to government data out Wednesday.
Bloomberg Business
Goldman Drums Up IPO Renaissance Hopes in Deals-Starved Market
A smattering of companies set to test the market for stock listings is igniting hopes across Wall Street.
Mallinckrodt Trust Says ‘Gruesome’ Opioid Payment Deal Was Best It Could Do
Representatives for opioid victims said they agreed to forgo the remaining $1 billion of payments they’re owed in a revised deal with Mallinckrodt Plc to ensure they at least get some of the funds the bankrupt drugmaker had promised injury claimants last year.
Drug Distributors Ride Weight-Loss Hype But Valuations Stay Low
Lesser-known pharmaceutical distributors are quietly cashing in on the hype around Novo Nordisk A/S and Eli Lilly & Co.’s weight-loss drugs, without their valuations being bid up to the same lofty heights.
Mexico’s Femsa Sells $1.7 Billion Stake in Envoy in Latest Divestment
Mexico’s Fomento Economico Mexicano SAB sold a $1.7 billion stake in Envoy Solutions to BradyIFS as part of its plan to divest from non-core units.
Dell, HP, Foxconn Apply for India Aid in Local Production Push
Some of the world’s biggest tech companies, including Dell Technologies Inc., HP Inc. and Apple Inc. supplier Foxconn Technology Group, have applied for state aid to manufacture laptops in India.
Eramet to Resume Manganese Mining in Gabon After Coup
Eramet SA will restart production at its manganese mining operations in Gabon on Thursday, ending a temporary halt in the wake of the military coup in the country.
Bitcoin ETF Euphoria Recedes While Weary Crypto Advocates Seek More Clarity
Enthusiasm in the crypto world is dissipating almost as quickly as it surged in the aftermath of a court ruling that appears to pave the way for a long-sought US exchange-traded fund that invests directly in Bitcoin.
Italy Backs Cipollone for Unopposed ECB Board Seat After All
Bank of Italy Deputy Governor Piero Cipollone is his country’s nominee for European Central Bank instead of his former colleague Daniele Franco.
Lula Seeks to Tax the Rich to Help Balance Brazil’s Budget
President Luiz Inacio Lula da Silva’s recipe to raise revenues and balance Brazil’s budget mirrors a strategy leaders around the world have attempted to deploy: New taxes on his country’s wealthiest residents.
