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Moody’s downgrades 7 French banks amid debt crisis and poilitical chaos

Moody’s downgrades 7 French banks amid debt crisis and poilitical chaos

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Senate report calls U.S. effort to keep advanced chips away from China and Russia ‘inadequate’

Senate report calls U.S. effort to keep advanced chips away from China and Russia ‘inadequate’

In a letter to Commerce Secretary Gina Raimondo on Wednesday, Democratic Sen. Richard Blumenthal of Connecticut pointed to news reports…
Merck snags Chinese obesity drug in nearly $2 billion deal

Merck snags Chinese obesity drug in nearly $2 billion deal

Merck will gain the exclusive global license for Chinese drugmaker Hansoh’s HS-10535, an experimental oral drug that targets GLP-1 receptors.…
Honda threatened Nissan in bid to fend off Foxconn, Nikkei says

Honda threatened Nissan in bid to fend off Foxconn, Nikkei says

Should Foxconn’s approach turn hostile after a rebuff, Honda reportedly offered to protect Nissan as a white knight investor. Read…
Billionaire Justin Sun allegedly pushed CoinDesk’s new owners to remove banana article, editorial chair Matt Murray resigns

Billionaire Justin Sun allegedly pushed CoinDesk’s new owners to remove banana article, editorial chair Matt Murray resigns

The crypto exchange Bullish purchased CoinDesk in late 2023 for close to $75 million. Read More https://fortune.com/img-assets/wp-content/uploads/2024/12/GettyImages-1231094059-e1734564671820.jpg?resize=1200,600 2024-12-18 23:55:40
Fed’s higher inflation forecast and rate projections rattle the stock market

Fed’s higher inflation forecast and rate projections rattle the stock market

BlackRock chief investment officer Rick Rieder calls it a “new phase” of the rate-cutting cycle. Read More https://fortune.com/img-assets/wp-content/uploads/2024/12/GettyImages-532635236-e1734567014880.jpg?resize=1200,600 2024-12-19 00:12:28
Nissan rolls back diversity policies as activist claims another win

Nissan rolls back diversity policies as activist claims another win

Nissan’s letter echoes similar moves by more than a dozen companies, from rival Toyota Motor Corp. to Walmart Inc. and…
Congress is scrambling after Trump and Musk’s push implodes government funding plan

Congress is scrambling after Trump and Musk’s push implodes government funding plan

“One of the worst bills ever written,” Elon Musk posted on his social media site X. Read More https://fortune.com/img-assets/wp-content/uploads/2024/12/AP24352765434710-e1734561733359.jpg?resize=1200,600 2024-12-18…
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