Lilly, a big name in medicine, is making a big move. They're buying Ventyx, a smaller company with a promising lineup of drugs. Ventyx's focus? Inflammation. They're working on small molecules that could treat a wide range of diseases caused by chronic inflammation. Think heart disease, brain disord
Chen Zhi, a wealthy businessman, was recently sent back to China from Cambodia. He is accused of running a huge online scam. This scam involved tricking people out of billions in digital money. Workers were also tricked into doing this scam work against their will. Chen Zhi and two other Chinese pe
Blockchain is not just about cryptocurrencies anymore. Big banks like Lloyds are using this technology to make their services better. While many people talk about Bitcoin and other digital currencies, Lloyds is doing something different. They are using blockchain to make banking faster and more effi
Boston's Mayor Michelle Wu has some serious financial backing. Her inauguration fund has raked in a cool $1. 2 million, mostly from big names in sports and business. The Boston Red Sox, Whoop Inc. , and the Electrical Industry Labor Management Cooperation Trust each chipped in $50, 000. That's some
Dallas is making waves as a top spot for finance companies. Mayor Eric Johnson believes that New York City's policies might push some firms to move to Dallas. He thinks this could be a big change, with more companies and people choosing Dallas over NYC. Johnson has been vocal about Dallas' growth.
Finance teams are changing how they work. They are using AI to handle routine tasks. This lets them focus on more important things. AI can do things like closing books, forecasting, and reporting. It can also spot problems and give clear results. Humans still make the big decisions. They guide the A
California is making big moves to tackle its housing crisis. The state's housing finance agency just hired Katherine McFadden to lead their multifamily programs. This is a huge deal because the agency has already pumped $3. 4 billion into affordable housing in just two years. They're not slowing dow
Josh Shapiro, the current governor of Pennsylvania, has a huge amount of money for his upcoming election. He has $30 million, which is a new record for the state. This is a lot more than any other candidate has ever had before an election. Shapiro is a Democrat and he is running for his second term.
OCI, a big player in investments, just made a bold move. They bought most of GLAS, a company that helps manage loans. The deal is worth up to 55 million pounds. This shows OCI wants to be a bigger part of the private credit world. That world is growing fast, with lots of money flowing in. The deal
The creators of Industry have taken a big risk with Season 4. They have decided to break free from the familiar setting of a trading floor. This move allows them to explore new areas like media and politics. The show now features a fintech startup called Tender. This company is trying to dominate th
