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Revau Canada names Tejani president and COO as Raymond heads to the US
By Chris MunroMay 27 - (The Insurer) - Expansive MGA Revau has appointed Rahim Tejani as president and chief operating officer of its Canadian operation.Rahim, who joined Revau in 2023 after a decade at broker BFL Canada, has served as the company’s COO since May 2024.From June 15, the Toronto-based...Reuters
Tue, May 27
Other
ADVISORY-Incorrect alert on Macy's withdrawn
May 27 (Reuters) - An alert on UBS cutting target price on Macy's Inc M.N was published incorrectly and has been withdrawn. The price target action was for Salesforce Inc CRM.N, a different company. For the correct alert on Salesforce, click (here).STORY_NUMBER:AZN3WFX8LSTORY_TIME:[02:18:10]Reuters
Tue, May 27
Stocks
Why Shares of Pony AI Are Surging Today
Shares of the Chinese autonomous driving company Pony AI (NASDAQ: PONY) traded roughly 12% higher as of 10:21 a.m. ET today. The company announced that it has entered a memorandum of understanding with Dubai's Roads and Transport Authority (RTA) to use the company's self-driving vehicles in the regi...The Motley Fool
Tue, May 27
Other
CORRECTED-ANALYSIS-Ecstasy and bribery accusations in Sean 'Diddy' Combs trial bolster racketeering charge
Racketeering law brings in sweeping range of evidenceCombs has pleaded not guilty to five felony countsJury hears break-in, bribery allegationsBy Jack Queen May 27 (Reuters) - Two weeks into the sex trafficking trial of Sean "Diddy" Combs, witnesses have accused the hip-hop mogul of every...Reuters
Tue, May 27
Other
Amwins CEO: retail consolidation is a positive as dedicated wholesalers continue to deliver value
May 27 - (The Insurer) - Amwins CEO Scott Purviance has said the wave of large-scale M&A in the retail broking space will help deliver better overall solutions to clients, and joined other leaders in highlighting the value that dedicated wholesalers and the E&S market continue to bring to th...Reuters
Tue, May 27
Other
E&S Insurer panel: tech focus on speed, data and decision-making
May 27 - (The Insurer) - Primary areas of focus for investment in technology include greater efficiencies around submission flow, speeding up responses to distribution partners, harnessing data, and aiding decision-making, according to wholesale and E&S carrier leaders.Speaking on E&S Insure...Reuters
Tue, May 27
Other
ADVISORY-Incorrect alert on Genpact Ltd withdrawn
May 27 (Reuters) - An alert on UBS raising target price on Genpact Ltd G.N was published incorrectly and has been withdrawn. The price target action was for Signet Jewelers Ltd SIG.N, a different company. For the correct alert on Signet Jewelers, click (here).STORY_NUMBER:AZN3WFX8MSTORY_TIME:[02:18:...Reuters
Tue, May 27
Other
US Health Secretary Kennedy Says Covid Vaccine Recommendations For Healthy Children, Pregnant Women Removed
May 27 (Reuters) - US Health Secretary Kennedy:US HEALTH SECRETARY KENNEDY: COVID VACCINE FOR HEALTHY CHILDREN, PREGNANT WOMEN REMOVED FROM CDC RECOMMENDED IMMUNIZATION SCHEDULE - X POSTReuters
Tue, May 27
Economic Indicator
ASEAN leaders agree tariff deals with US should not harm fellow members
Anwar says ASEAN has to protect its turfSoutheast Asian countries among hardest hit by US tariffsASEAN calls for nationwide expansion of Myanmar ceasefireChina's Li urges multilateralism, says trade barriers must be liftedBrunei sultan 'in good health' after being admitted to hospitalBy ...Reuters
Tue, May 27
Stocks
Why Novo Nordisk Stock Just Popped
Over the weekend, President Trump offered to delay implementation of a new 50% tariff on imports from the European Union. The tariff, which was supposed to begin on June 1, now won't take effect until July 9.Shares of Ozempic and Wegovy manufacturer Novo Nordisk (NYSE: NVO) reacted positively to the...The Motley Fool
Tue, May 27
Other
US drops COVID vaccine recommendations for healthy children, pregnant women
May 27 (Reuters) - The Centers for Disease Control and Prevention has stopped recommendations for routine COVID-19 vaccines for pregnant women and healthy children, U.S. health regulators said on Tuesday. Health Secretary Robert F. Kennedy Jr. said in a video posted on X that the vaccines have been ...Reuters
Tue, May 27
Stocks
Canada's Scotiabank misses profit estimates as tariffs push up loan loss reserves
Loan loss provisions up 39%CEO optimistic, cites politic stability in CanadaShares up 1% Earnings of C$1.52/ shr vs est of C$1.56By Nivedita Balu and Jaiveer Shekhawat May 27 (Reuters) - Bank of Nova Scotia BNS.TO on Tuesday missed quarterly earnings estimates, burdened by a larger than expected ...Reuters
Tue, May 27
Forex
FOREX-Dollar gains, yen slips as Japanese yields tumble
Yen weakens as Japanese bond yields slumpDollar extends gains as consumer confidence improvesUS Senate debates tax-cut bill impacting debtBy Karen Brettell NEW YORK, May 27 (Reuters) - The dollar strengthened on Tuesday as the yen came under pressure from a sharp fall in Japan's long-dated bo...Reuters
Tue, May 27
Stocks
Rocket Pharma hits record low after patient death during gene therapy trial
** Shares of drug developer Rocket Pharmaceuticals RCKT.O plummet as much as 63.3% to a record low of $2.30** Stock set for its worst day in over 8 years, if losses hold** Co says patient participating in mid-stage trial studying its experimental gene therapy, RP-A501, died after acute systemic infe...Reuters
Tue, May 27
Cryptocurrencies
$120 Billion Bitcoin Stash Puts Satoshi Nakamoto At No. 11 On Rich List
Arkham Intelligence has disclosed that the creator of Bitcoin – known only as Satoshi Nakamoto – now holds roughly 1.96 million BTC. At today’s prices, that stash is worth about $120 billion. According to Arkham, this makes Nakamoto the 11th richest person on Earth. His share adds up to ...Bitcoinist
Tue, May 27
Other
US Supreme Court rejects case about student's 'There are only two genders' T-shirt
Student says ban violates Constitution's First AmendmentMiddle school pupil was 12 when he wore the t-shirtSchool was concerned over effect on transgender students By John Kruzel WASHINGTON, May 27 (Reuters) - The U.S. Supreme Court declined on Tuesday to hear a student's challenge on fre...Reuters
Tue, May 27
Economic Indicator
Global insurance premiums rise 8.6% to 7 trillion euros: Allianz
May 27 - (The Insurer) - Global insurance premiums grew 8.6% with the addition of 557 billion euros in new premiums, Allianz said in its 2025 Global Insurance Report on Tuesday.Total premium income reached 7 trillion euros across life, property and casualty (P&C) and health segments, the report ...Reuters
Tue, May 27
Other
Exclusive: Lloyd’s removes HISL from its broker register
By David BullMay 27 - (The Insurer) - Lloyd’s has removed UK-based HISL Brokers from its broker register, The Insurer has learned. Earlier this month, Lloyd’s said that it was looking into allegations by several carriers and U.S. wholesalers that HISL had incorrectly claimed to have trading relatio...Reuters
Tue, May 27
