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Rhythm's drug shows promise in study to treat brain damage-related obesity
By Bhanvi Satija July 9 (Reuters) - Rhythm Pharmaceuticals' RYTM.O experimental drug helped patients with a rare form of obesity caused by brain damage cut weight in a small study, the drugmaker said on Monday, sending its shares 24% higher in early trading. The drug, bivamelagon, wa...Reuters
Wed, Jul 9
Sygnia names Mosaic’s Doroff director of cyber insurance and legal partnerships
By Mia MacGregorJuly 9 - (The Insurer) - Sygnia, a global cyber technology and services firm, has appointed Elissa Doroff as its director of cyber insurance and legal partnerships, based in New York.Doroff brings two decades of experience to the role, having most recently served as head of claims, A...Reuters
Wed, Jul 9
Musk's Starlink receives India's final regulatory nod for launch
By Munsif Vengattil, Aditi Shah and Nivedita Bhattacharjee BENGALURU, July 9 (Reuters) - India's space regulator on Wednesday granted Starlink a licence to launch commercial operations in the country, clearing the only remaining regulatory hurdle for the satellite provider to enter the market...Reuters
Wed, Jul 9
Planned Nvidia expansion in Israel prompts multiple offers of sites
Nvidia has set July 23 deadline for offersHaifa municipality says thinks has 'best potential'Rival Intel is cutting staff globallyBy Steven Scheer JERUSALEM, July 9 (Reuters) - Nvidia NVDA.O has received a high number of offers of potential sites to help it carry out a plan to greatly exp...Reuters
Wed, Jul 9
Samsung's bet on foldable phones faces major test with slimmer new model
Samsung executive says foldable phones are ready for mainstream salesFoldable phones are 1.5% of smartphone market according to IDC but an important premium nicheCanalys forecast predicts Samsung foldable phone sales flat this year Foldable phone pioneer Samsung is losing market share to Chinese riv...Reuters
Wed, Jul 9
King Risk enters Louisiana by acquiring Louisiana Insurance Services
By Navneeta NandanJuly 9 - (The Insurer) - Fast-growing U.S. retail broker King Risk Partners has entered the Louisiana market by acquiring Ruston-based independent insurance agency Louisiana Insurance Services.The financial terms of the deal were not disclosed.This acquisition marks another milesto...Reuters
Wed, Jul 9
Tiernan says innovation is keeping Lloyd's relevant
By Henry GaleJuly 9 - (The Insurer) - Lloyd's CEO Patrick Tiernan commended the market's record on innovation at the opening of Lloyd's Lab's latest Demo Day on Wednesday and said governments and regulators were lobbying for wider Lab programmes.Lloyd's "thrives where models ...Reuters
Wed, Jul 9
Choice makes 30th acquisition with Corporate Risk Solutions deal
By Ashish TiwariJuly 9 - (The Insurer) - Choice Financial Group has acquired Connecticut-based Corporate Risk Solutions, marking the Bob Hilb-led broker's 30th acquisition since launching in 2021. Corporate Risk Solutions was founded in 2002 and offers expertise in areas including transactional ...Reuters
Wed, Jul 9
Trump administration to subpoena Harvard for information on foreign students
July 9 (Reuters) - The Trump administration escalated its feud with Harvard University on Wednesday, saying the Department of Homeland Security planned to issue subpoenas for information about alleged misconduct by foreign students.The Departments of Education and of Health and Human Services also s...Reuters
Wed, Jul 9
Scottish police preparing for possible Trump visit to Scotland this month
LONDON, July 9 (Reuters) - Scottish police said on Wednesday that they were preparing for a possible visit by U.S. President Donald Trump to the country later this month, which would mark his first visit to Britain since the U.S. election last year."Planning is under way for a potential visit to...Reuters
Wed, Jul 9
ERS promotes Wilson as head of fleet and commercial motor
By Navneeta NandanJuly 9 - (The Insurer) - Specialist UK motor carrier ERS has named Chris Wilson as head of fleet and commercial motor, bringing the two classes under the same leadership.Wilson most recently served as head of fleet, having joined ERS in 2014 from Aviva.His newly added commercial mo...Reuters
Wed, Jul 9
Comtech Telecommunications Says Steve Black Appointed COO, Mark Dale CTO, Brent Norman CFO For Co's S&S Segment
July 9 (Reuters) - Comtech Telecommunications Corp CMTL.O:COMTECH TELECOMMUNICATIONS CORP - STEVE BLACK APPOINTED COO, MARK DALE CTO, BRENT NORMAN CFO FOR CO'S S&S SEGMENT COMTECH ANNOUNCES SENIOR LEADERSHIP APPOINTMENTS TO DRIVE GROWTH OF SATELLITE AND SPACE COMMUNICATIONS SEGMENTSource tex...Reuters
Wed, Jul 9
DOJ questions former UnitedHealth employees over Medicare billing practices, WSJ reports
July 9 (Reuters) - Investigators from the U.S. Department of Justice are questioning former employees of UnitedHealth Group UNH.N as part of a probe into the company's Medicare payment practices, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.Shares of the ...Reuters
Wed, Jul 9
Jailed PKK leader Ocalan says armed struggle with Turkey is over
Ocalan, jailed for 26 years, urges PKK shift to politicsCalls for Turkish parliament to oversee disarmament processSays PKK's goals achieved, separatist agenda droppedVideo footage of Ocalan is the first since 1999 arrestPKK militants to begin arms handover Friday in IraqErdogan says Turkey cast...Reuters
Wed, Jul 9
Deals of the day-Mergers and acquisitions
June 9 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Wednesday: ** Asian Paints said it sold its entire 4.42% stake for 7.34 billion rupees ($85.69 million) in smaller rival Akzo Nobel India via bulk deals.nL4N3T6...Reuters
Wed, Jul 9
China's market regulator holds symposium on fair competition
BEIJING, July 9 (Reuters) - China's market regulator held a symposium on fair competition on Wednesday, with eight companies including tech firm NetEase, carmaker Great Wall Motor and express delivery company S.F. Holding in attendance.Regulators will strengthen their fair competition review, e...Reuters
Wed, Jul 9
Volante marine and energy treaty head Martin exits for GIC 1947
By Michael JonesJuly 9 - (The Insurer) - Volante's marine and energy treaty head David Martin has resigned to join GIC Re Syndicate 1947, two senior marine reinsurance sources told The Insurer.Martin is set to take up a senior marine reinsurance position at Syndicate 1947, one senior marine rein...Reuters
Wed, Jul 9
GE Aerospace Says Skywest Finalized Agreement For CF34-8E Engines Plus Spares To Power Its Order Of 60 Embraer 175 Regional Jets
July 9 (Reuters) - General Electric Co GE.N:GE AEROSPACE - SKYWEST FINALIZED AN AGREEMENT FOR CF34-8E ENGINES PLUS SPARES TO POWER ITS ORDER OF 60 NEW EMBRAER 175 REGIONAL JETSSource text: https://tinyurl.com/y2ptu9e9Reuters
Wed, Jul 9
UBS continues to see opportunity in the U.S., CEO tells Fox Business
July 9 (Reuters) - UBS continues to see a lot of opportunity in the United States, the Swiss bank's CEO Sergio Ermotti told Fox Business' "Mornings with Maria" program."This is the reason why we keep investing in our franchise," Ermotti said.While clients needed certainty on ...Reuters
Wed, Jul 9
Global banks predicted to get 10% trading revenue boost on tariff turmoil
Stocks outperformed bonds and currencies in 2Q, analytics firm saysActivity surges on shifting tariff policiesTrading gains expected to slow in 2HBy Saeed Azhar NEW YORK, July 9 (Reuters) - Global banks including top U.S. lenders are expected to report a 10% gain in markets revenue as traders cas...Reuters
Wed, Jul 9
Bank of England fines Vocalink more than $16 million for compliance failure
LONDON, July 9 (Reuters) - The Bank of England said on Wednesday it had fined payment systems firm Vocalink Limited 11.9 million pounds ($16.19 million) for falling short of its obligation to have adequate risk management and governance arrangements.($1 = 0.7349 pounds)Reuters
Wed, Jul 9
Sartorius Stedim Biotech Signs MoU With Sensible Biotechnologies On Cell-Based mRNA Production
July 9 (Reuters) - Sartorius Stedim Biotech SA STDM.PA:SIGNS MOU WITH SENSIBLE BIOTECHNOLOGIES TO ADVANCE CELL-BASED MRNA PRODUCTIONCOLLABORATION AIMS TO ENABLE CLINICAL-GRADE PRODUCTION OF CELL-BASED MRNA BY 2026Source text: hereReuters
Wed, Jul 9
