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Coinbase pushes into stock trading, event contracts as retail battle heats up
Reuters· 2025-12-17 23:03
Coinbase said on Wednesday it will start letting users trade stocks and event contracts tied to real-world outcomes, as the exchange expands beyond its crypto roots to compete more directly with rival... ...
Insmed scraps development of sinus drug after mid-stage study failure
Reuters· 2025-12-17 22:35
Insmed said on Wednesday it had discontinued the development of its experimental anti-inflammatory drug to treat a chronic sinus condition after it failed to show benefit in a mid-stage study, sending... ...
Pentagon awards Humana a $7.3 billion health care deal
Reuters· 2025-12-17 22:30
The U.S. Defense Department on Wednesday said it was exercising an option to award Humana a $7.3 billion deal for health care and administrative support services. ...
ANZ hit with second "strike" as shareholders dissent over pay report
Reuters· 2025-12-17 22:15
Australian lender ANZ Group's new CEO will forgo his short-term bonus this year, while a significant minority of shareholders opposed the bank's executive pay report at its 2025 annual general meeting... ...
BP appoints Meg O'Neill as CEO
Reuters· 2025-12-17 22:11
Oil and gas major BP on Wednesday appointed Meg O'Neill as its chief executive officer, effective April 1, 2026, as Murray Auchincloss stepped down from the role. ...
Exclusive: Goldman hires Qatalyst co-founder Cayne for software banking push, sources say
Reuters· 2025-12-17 21:22
Core Insights - Goldman Sachs Group has appointed Brian Cayne as a global co-head of its software investment banking group, indicating a strategic move to enhance its capabilities in the technology sector [1] Company Developments - The hiring of Brian Cayne, a co-founder of Qatalyst Partners, reflects Goldman Sachs' commitment to strengthening its software investment banking division [1] - This appointment may lead to increased deal flow and advisory opportunities in the technology sector, particularly in software [1] Industry Implications - The addition of experienced professionals like Cayne could position Goldman Sachs more competitively within the tech investment banking landscape [1] - This move may signal a broader trend of investment banks focusing on specialized sectors, such as software, to capture growth opportunities in the technology market [1]
AbbVie, several other pharma companies near MFN deal with Trump, sources say
Reuters· 2025-12-17 21:11
AbbVie and several other drugmakers are expected to announce on Friday agreements with the U.S. government to lower certain prescription drug prices and meet other demands made by President Donald Tru... ...
Chipmaker Micron forecasts quarterly revenue above estimates
Reuters· 2025-12-17 21:04
Micron Technology forecast second-quarter revenue above Wall Street estimates on Wednesday, betting on soaring demand and strong pricing for its high-bandwidth memory chips used in artificial intellig... ...
US judge blocks Michigan from enforcing order to shut down Enbridge's Line 5 pipeline
Reuters· 2025-12-17 20:44
A U.S. judge on Wednesday blocked Michigan state from enforcing a 2020 order to shut down Enbridge's Line 5 pipeline running beneath a channel linking two of the Great Lakes, a court filing showed. ...
Exclusive: US FDA taps Merck drugs with blockbuster sales potential for national priority vouchers
Reuters· 2025-12-17 20:37
The U.S. Food and Drug Administration is moving to fast-track reviews of two experimental Merck drugs with multibillion-dollar potential, according to internal documents seen by Reuters. ...