The Federal Reserve Bank of Cleveland has announced that it is in the process of searching for a replacement for its current president, Loretta Mester, who is retiring due to reaching the mandatory retirement age. Mester, who became the 11th president and CEO of the Cleveland Fed in June 2014, will step down on June 30, 2024, in accordance with the Fed's age and length of … [Read more...] about Federal Reserve Bank of Cleveland Begins Search for New President
A Game-Changer in Obesity Treatment: The FDA Approves Eli Lilly’s Zepbound
The Food and Drug Administration (FDA) has granted approval for Eli Lilly's highly anticipated obesity treatment, marking a significant development in the pharmaceutical industry. As experts predict, this breakthrough medicine is expected to become one of the highest-grossing drugs in history. Zepbound: An Obesity Treatment with a Promising Future Previously known as Mounjaro … [Read more...] about A Game-Changer in Obesity Treatment: The FDA Approves Eli Lilly’s Zepbound
Virgin Galactic Reports Narrowed Quarterly Loss and Increased Revenue
Virgin Galactic Holdings Inc. shares experienced a surge in the after-hours session on Wednesday after the space-tourism company announced a narrowing of its quarterly loss and a significant increase in revenue. Improvements in Financial Performance In the third quarter, Virgin Galactic reduced its losses to $105 million, or 28 cents a share, compared to $146 million, or 55 … [Read more...] about Virgin Galactic Reports Narrowed Quarterly Loss and Increased Revenue
Social Security’s Pending Insolvency: Potential Solutions Discussed
The issue of Social Security's pending insolvency took center stage at the recent Republican presidential debate. Several candidates expressed their willingness to consider raising the full retirement age, particularly for young individuals just starting their careers. Recognizing the Need for Change Former New Jersey Governor Chris Christie emphasized the importance of raising … [Read more...] about Social Security’s Pending Insolvency: Potential Solutions Discussed
Wuxi XDC Cayman: Strong Demand for IPO in Hong Kong
A unit of Chinese contract drugmaker Wuxi Biologics has experienced overwhelming demand for its initial public offering (IPO) in Hong Kong, closing its order book early and potentially pricing the deal at the top of its marketed range, according to sources familiar with the matter. This is a remarkable occurrence in a year that has seen a turbulent market for listings in Hong … [Read more...] about Wuxi XDC Cayman: Strong Demand for IPO in Hong Kong
