MARKET

Who is Mike Lynch, the British tech entrepreneur missing after sinking of superyacht?

Dubbed “Britain’s Bill Gates,” Mike Lynch sold his data company for $11 billion in a controversial deal. Lynch is among several people missing after a

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Inflation may be on the way out, but high prices make life seem ‘unaffordable’

The way back to affordability is not for prices to drop but for wages to rise — and they have Source link

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GeoVax’s stock soars 43% to lead rally in companies developing mpox treatments

A competing company’s mpox vaccine failed to meet its primary endpoint. Source link

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Nikola’s stock falls as EV maker looks to raise money via convertible-debt deal

Nikola announced Monday that it has struck an agreement with various investors that will allow for the sale of up to $160 million in convertible

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Estee Lauder CEO Fabrizio Freda to retire next year

The makeup- and hair-products company said it’s already “considered many highly qualified internal and external candidates” but has yet to name a successor to Fabrizio

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Three different factors could trigger the third wave of a stock-market pullback, says strategist

Dhaval Joshi, chief strategist of BCA Research’s Counterpoint service, says an analysis of the “price complexity” shows that the yen carry trade and the AI

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AMD to make $4.9 billion AI acquisition as it steps up race against Nvidia

The company plans to buy ZT Systems and bolster its ability to provide AI infrastructure. Source link

MARKET

Economists do love immigration — but even they agree on tougher border enforcement

A poll of business economics finds support for increasing legal U.S. immigration but also increasing border enforcement. Source link

MARKET

7-Eleven owner confirms takeover bid from Canadian rival after share price surge

The Japanese owner of iconic convenience store chain 7-11 said Monday it’s received a takeover offer from a Canadian rival after its stock surged. Source