Bloomberg News
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One Year After $19 Billion Crash, Crypto Faces A New Reality
Twelve months later, market bellwether Bitcoin remains more than 30% below its record high. Attempts at a sustained rally have repeatedly faltered and traders have been slow to rebuild the leveraged positions that once powered crypto's biggest booms.
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Wall Street's Rate Shock Spreads Beneath AI-Fueled Market Rally
Yields on 10-year US Treasuries approached 5.4% this week, their highest since 2002 as Brent crude hovered above $100 a barrel, stoking fears of a prolonged inflation shock.
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Bambusa Therapeutics Files for IPO To Fund Eczema Drug Trials
Started in 2024, Bambusa secured its lead drug candidates through its earlier acquisition of assets from a unit of BioNTech SE, the first to treat atopic dermatitis, commonly known as eczema, and the second to treat other inflammatory disorders including respiratory and allergic diseases.
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Gold Clinches Weekly Gain On Growing Bullish ETF, Energy Signs
Despite recent gains, gold remains down about 20% since the US-Iran conflict began, as higher energy costs prompted central banks to tighten monetary policy.
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Anthropic Cites New AI Misbehaviour, Including On US Government Websites
In a report outlining previously undisclosed incidents, Anthropic listed four types of unintended behaviours that the AI has demonstrated, including exploiting basic flaws in software to run commands.
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Ambani Heirs Face Tough Questions In Roadshow For Record Jio IPO
While valuation and IPO pricing is not yet confirmed, some fund managers told Akash that the company's desired valuation appeared ambitious and would be hard for the market to absorb, the people said.
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Jio IPO: Price Band Of Rs 1,065-1,119 Expected Ahead Of Mega Public Issue
The telecom and digital services arm of billionaire Mukesh Ambani's Reliance Industries Ltd. plans to open public subscription on Oct. 21 and close it two days later, the people said.
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PepsiCo Is Raising Over $1 Billion A Day After Cutting Profit Outlook
PepsiCo's debt raise comes as it navigates a challenging environment in North America. The company lowered its earnings growth outlook on Thursday, citing weakness in both its beverage and snack businesses.
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How China's Delivery Robots Are Learning To Tackle Night Shifts
In March, Shenzhen opened access for nighttime deliveries by driverless vehicles, giving over its streets to an experiment that could unlock a new wave of growth for China's autonomous transport and robotics industries.
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Mamdani Says Child Was In Car When ICE Shot Man In New York
Mamdani said early reports indicated agents surrounded the man before firing multiple rounds in the residential neighborhood of Marble Hill
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Ex-Warner Bros. CEO Pockets $600 Million In Sale To Paramount
Much of the longtime TV executive who created Warner Bros, Zaslav's compensation came in the form of stock options.
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Meta Bans Ads From TikTok On Its Apps In Escalating Feud
TikTok has been able to operate in Meta's most important market, the US, while Meta has been unable to do so in TikTok's most crucial market, China.
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India IT Set For Fourth Year Of Weak Growth On Geopolitics, AI Risks
The Trump administration's latest visa restrictions mounts a new challenge for the sector, after the US said it would suspend an immigration program used by tech firms, mentioning HCLTech and TCS by name.
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Wall Street Highlights: S&P 500, Nasdaq Falls As Reports On OpenAI Sink Chipmakers
Tech shares led losses in the S&P 500 on reports that annualized revenue at the ChatGPT maker will be lower than some estimates for the firm.
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Google Launches Workplace AI Agent That Acts Like Colleague
The launch is aimed at winning business customers that Google needs to justify its hundreds of billions of dollars in AI infrastructure spending.
