Year: 2025
Panera Brands CEO steps down, CFO to fill in as interim chief
A Panera Bread restaurant in Miami Beach, Florida, Nov. 8, 2017. Joe Raedle | Getty Images Panera Bread’s parent company announced Tuesday that CEO Jose Dueñas is stepping down, effective immediately. The change in leadership is the latest challenge to the company’s plans to go public eventually, following several years of hurdles. Panera Brands CFO […]
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Trump announces $20 billion foreign investment to build new U.S. data centers
U.S. President-elect Donald Trump makes remarks at Mar-a-Lago in Palm Beach, Florida, U.S. Jan. 7, 2025. Carlos Barria | Reuters President-elect Donald Trump on Tuesday announced a $20 billion foreign investment to build new data centers across the United States. Emirati billionaire Hussain Sajwani, a Trump associate and founder of the property development company DAMAC […]
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Jeans brand True Religion acquired by PE firm, American Eagle-linked investment firm
True Religion Brand Jeans shop entrance: The company sell what they refer to as ‘premium denim’ which is handmade in America. Roberto Machado Noa | Lightrocket | Getty Images Jeans brand True Religion has been acquired by private equity firm Acon Investments and American Eagle-linked firm SB360 Capital Partners – a retail investment fund chaired […]
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J&J says its lung cancer drug combination keeps people alive longer
Niels Wenstedt | Getty Images Johnson & Johnson on Tuesday said its lung cancer regimen keeps people alive for at least a year longer than AstraZeneca‘s Tagrisso, the go-to drug for a certain type of lung cancer. J&J in a statement said its drugs – Rybrevant and Lazcluze – showed a statistically significant and clinically […]
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Hims & Hers donates $1 million to Trump’s inauguration fund
Hims & Hers Health has donated $1 million to President-elect Donald Trump’s inauguration fund, CNBC confirmed Tuesday. The company, which offers a range of direct-to-consumer treatments for conditions like weight loss, erectile dysfunction and hair loss, is the latest in a string of tech companies that have tried to curry favor with the incoming administration. […]
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Cracks appear in UK housing market as home prices fall for first time in 9 months
Housing surveyors have reported the largest fall in new buyer inquiries in October since the financial crisis, excluding the period during the Covid-19 lockdowns. Isabel Infantes | Afp | Getty Images LONDON — U.K. house prices fell for the first time in nine months in December, as the country’s Budget and higher mortgage rates dampened […]
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FTC Chair Khan hopes Amazon, Facebook won’t get ‘sweetheart deal’ from Trump in antitrust cases
Federal Trade Commission Chair Lina Khan said Tuesday she hopes the incoming Trump administration will not let Amazon and Facebook parent Meta off the hook from pending antitrust lawsuits by her agency with a “sweetheart deal.” But, “I can’t predict what future people in my position are going to do,” Khan said on CNBC’s “Squawk […]
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UK’s long-term borrowing costs hit highest level since 1998
View looking towards the Royal Exchange and in the City of London where the glass architecture of the tower 22 Bishopsgate disappears into mist on 6th November 2024 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images U.K. borrowing costs ticked higher on Tuesday, after an auction of 30-year Treasury gilts brought […]
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Wall Street notches another win as Fed’s Barr clears the way for gentler banking regulator
Federal Reserve Governors Michelle Bowman and Christopher Waller pose for a photo, during a break at a conference on monetary policy at Stanford University’s Hoover Institution, in Palo Alto, California, U.S. May 6, 2022. Picture taken May 6, 2022. Ann Saphir | Reuters The early departure of the Federal Reserve’s top financial regulator allows for […]
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Meta scraps fact-checking program, brings back political content
Meta on Tuesday announced it will eliminate its third-party fact checking program to “restore free expression” and move to a “Community Notes” model, similar to the system that exists on Elon Musk’s platform X. The company said Community Notes will be written and rated by contributing users to provide more context to posts across its […]
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