News
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Sixth Street-backed Caris Life Sciences targets $5.3 billion valuation in US IPO
Caris seeks as much as $423.5 million in IPOInvestment manager Neuberger may buy up to $75 million of sharesCaris was valued at $7.8 billion in 2021 funding roundBy Arasu Kannagi Basil June 9 (Reuters) - Cancer diagnostic firm Caris Life Sciences said on Monday it is targeting a valuation of up t...Reuters
Mon, Jun 9
Synchrony Financial to once again issue Walmart's credit card
June 9 (Reuters) - Walmart's WMT.N majority-owned fintech company OnePay has teamed up with Synchrony Financial SYF.N to issue the retail giant's credit card, the consumer financial services company said on Monday, marking a return of a collaboration that ended in 2018. The partnership will...Reuters
Mon, Jun 9
US imposes sanctions on Los Chapitos, a faction of the Sinaloa Cartel
By Daphne Psaledakis WASHINGTON, June 9 (Reuters) - The United States on Monday imposed sanctions on Los Chapitos, a faction of the Sinaloa Cartel, labeling it a Specially Designated Global Terrorist as President Donald Trump's administration seeks to tackle cross-border drug trafficking.The ...Reuters
Mon, Jun 9
Republican lawmaker’s raucous town hall reflects challenges promoting Trump's bill
Citizens keen to raise concerns about Trump's sweeping tax billSome Republican representatives holding town halls booed and jeeredUS House speaker has urged Republicans not to hold town halls after confrontationsBy Helen Coster MAHOPAC, New York, June 9 (Reuters) - Democratic voter Joe Mayhew...Reuters
Mon, Jun 9
TIMELINE-From Time Inc to Discovery: Warner Bros breakup puts spotlight on checkered M&A history
June 9 (Reuters) - Warner Bros Discovery WBD.O, home to HBO and CNN, said on Monday it would split into two companies, the latest twist in its decades-long history of high-stakes mergers and breakups.DateEvent1922Time Inc was founded by Henry Luce and Briton Hadden to house Time magazine, a weekly n...Reuters
Mon, Jun 9
US Army, FAA, NTSB to brief senators on recent near miss incidents involving helicopter
By David ShepardsonWASHINGTON, June 9 (Reuters) - Senior U.S. officials will answer questions from senators Wednesday about a May 1 incident in which two passenger airline flights were forced to abort landings at Reagan Washington National Airport because of a nearby Army helicopter.Brigadier Genera...Reuters
Mon, Jun 9
Canada's antitrust watchdog sues DoorDash over prices, discounts
OTTAWA, June 9 (Reuters) - Canada's Competition Bureau said on Monday it was suing DoorDash and its Canadian subsidiary for allegedly advertising misleading prices and discounts.The bureau said in a statement it found that consumers were unable to purchase food and other items at the advertised ...Reuters
Mon, Jun 9
Reuters unveils Reuters Open Interest, a new data-driven market and finance commentary product
By Anna SzymanskiJune 9 - Reuters on Monday announced the launch of Reuters Open Interest (ROI), a new source for data-driven, expert commentary on market and economic trends for financial professionals. Drawing on Reuters footprint in 200 locations around the world, ROI provides a global perspecti...Reuters
Mon, Jun 9
Trump hints he would support arrest of California Governor Newsom
WASHINGTON, June 9 (Reuters) - U.S. President Donald Trump on Monday suggested that he would support an arrest of California Governor Gavin Newsom amid pro-immigration protests in the state, which prompted the president to deploy the National Guard.On Saturday, Tom Homan, the administration's bo...Reuters
Mon, Jun 9
US Attorney General Bondi's brother loses election to lead Washington DC bar
By David Thomas June 9 (Reuters) - Brad Bondi, the brother of U.S. Attorney General Pam Bondi, has lost his bid to lead Washington's attorney bar association after an unusually closely-watched election that drew record turnout from the U.S. capital's 120,000 lawyers.Bondi, a partner and c...Reuters
Mon, Jun 9
REFILE-Stellantis offers voluntary redundancy scheme at Turin plant
MILAN, June 9 (Reuters) - Stellantis STLAM.MI has started a voluntary redundancy plan for 610 workers at its Mirafiori plant in Turin, Italy, after introducing the scheme at other Italian facilities, the automaker said on Monday.Stellantis is so far cutting up to 1,600 staff in total across Italy th...Reuters
Mon, Jun 9
Trump says he made 'great decision' deploying National Guard to California
WASHINGTON, June 9 (Reuters) - U.S. President Donald Trump said on Monday he made "a great decision" sending the National Guard to handle unrest in California that erupted over the weekend over his immigration policies."If we had not done so, Los Angeles would have been completely oblite...Reuters
Mon, Jun 9
Ken Moelis to hand CEO role to longtime partner at investment bank
By Niket Nishant, Lananh Nguyen June 9 (Reuters) - Ken Moelis will step down as CEO of the investment bank he co-founded, Moelis & Co., and hand the reins to longtime partner Navid Mahmoodzadegan, the bank said in a statement on Monday.Moelis will become executive chair on October 1. The mov...Reuters
Mon, Jun 9
REFILE-Aon placed $3 billion of parametric limit in 12 months: Marcell
By Henry GaleJune 9 - (The Insurer) - Aon has grown its parametric business to $3 billion of limit, CEO of global solutions Andy Marcell said at the company's investor day on Monday."I think back to two or three years ago, we probably did 20 to 30 parametric transactions for corporate client...Reuters
Mon, Jun 9
AM Best: Wildfires push US P&C industry to $1.1 billion Q1 underwriting loss
By Michael LoneyJune 9 - (The Insurer) - The U.S. property casualty industry swung to a $1.1 billion underwriting loss in the first quarter, as wildfire losses drove a 5 point deterioration in the combined ratio to 99.4%, AM Best said.In a new report, AM Best said that the U.S. property casualty ind...Reuters
Mon, Jun 9
Canada's Competition Bureau suing DoorDash over prices, discounts
OTTAWA, June 9 (Reuters) - Canada's Competition Bureau said on Monday it was suing DoorDash and its Canadian subsidiary for allegedly advertising misleading prices and discounts.The bureau said in a statement that it found that consumers were unable to purchase food and other items at the advert...Reuters
Mon, Jun 9
No drug price pledges by Pfizer, others in talks with US government, Pfizer CEO says
Trump issued order last month for drugmakers to lower pricesBourla: Meetings so far cordial, but focused on high-level ideasBy Michael Erman June 9 (Reuters) - Pfizer PFE.N and other drug companies have met with the Trump administration to discuss lowering U.S. drug prices but no commitments have...Reuters
Mon, Jun 9
