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Business
January 23, 2025

Morgan Stanley CEO Ted Pick says bank will work with U.S. regulators on offering crypto

  Morgan Stanley CEO Ted Pick said Thursday that his bank will be working with U.S. regulators to examine whether it can deepen its involvement in cryptocurrency markets. Pick was asked about his views on digital currencies under the pro-crypto Trump administration. On Tuesday, the acting head of the Securities...

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Business
January 21, 2025

FDA approves Johnson & Johnson’s nasal spray for depression as standalone treatment

  This photo provided by Janssen Global Services shows Spravato nasal spray. Janssen Global Services via AP The Food and Drug Administration on Tuesday approved Johnson & Johnson's nasal spray to be used alone in adults with a major depressive disorder that is difficult to treat, as sales of the...

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Business
December 21, 2024

From Nike to Intel, CEO departures at U.S. companies hit a record this year

  Clockwise from top: Former Boeing CEO Dave Calhoun (CNBC), Starbucks former CEO Laxman Narasimhan (Getty Images), former Nike CEO John Donahoe (Reuters), former Intel CEO Pat Gelsinger (Getty Images) TL: CNBC | TR: Getty Images | BL: Reuters | BR: Getty Images Retired, ousted or poached, CEOs headed for...

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Business
December 20, 2024

Nike CEO Elliott Hill outlines new strategy after retailer blames promotions for declining revenue and profit

  Customers shop at a Nike store in an outlet mall in Los Angeles, Nov. 8, 2024. Frederic J. Brown | Afp | Getty Images Nike's turnaround will take a bit longer than expected under new CEO Elliott Hill, who outlined his strategy to return the company to growth on...

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  • Cash may feel safe when stocks slide, but it has risks
  • Fed Governor Waller sees tariff inflation as ‘transitory’ in ‘tush push’ comparison
  • Bank of America tops analysts’ estimates on better-than-expected interest income, trading
  • Auto stocks rise as Trump says he wants to ‘help’ some car companies
  • Op-ed: NYSE systems are working normally, handling record volume more efficiently than during Covid crash, president says

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