Business

In a recent Senate oversight hearing, Wall Street CEOs expressed their concerns over proposed regulations that would increase the levels of capital banks need to hold against future risks. While their testimonies aimed to raise alarms about the potential negative impact of these changes, it is important to critically analyze their arguments and consider the
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Pfizer’s recent decision to discontinue the development of its twice-daily weight loss pill, danuglipron, highlights the ongoing challenges faced by pharmaceutical companies in creating effective and safe treatments for obesity. While obese patients in clinical trials experienced significant weight loss with the drug, the high rates of adverse side effects were a cause for concern.
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Ford Motor recently reinstated its 2023 guidance after withdrawing it the previous month due to labor strikes and negotiations with the United Auto Workers (UAW) union. The updated guidance includes adjusted earnings before interest and taxes (EBIT) of $10 billion to $10.5 billion and adjusted free cash flow of $5 billion to $5.5 billion. This
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