Financial Markets Brace for Treasury Probe, Apple AI Shift, and Pharma IPO

Key TakeawaysU.S. Treasury Secretary Bessent announced a federal investigation into allegations that Minnesota tax dollars may have been diverted to the terrorist organization Al-Shabaab.Shanghai Bao Pharmaceuticals has launched a global offering of 37.9 million H-shares, signaling a significant move for the biotech firm on the Hong Kong Stock Exchange.Apple (AAPL) is set for a major leadership transition in its Artificial Intelligence division, with AI Chief John Giannandrea retiring in Spring 2026 and a n ...