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CVS Health Corp. plans to spin off its retail pharmacy business in one of the biggest-ever breakups in the healthcare industry, according to a company spokesperson.
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Investors facing new political and financial constraints
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European defense stocks slid as the Democrats’ landslide midterm-elections win dented expectations of a further ramp-up in US military spending.
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Source: Bloomberg, 9:52
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Equities, bonds rally now that the political countours are clear.
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India overhauled a short-term military recruitment plan by extending conscripts’ tenure and offering a path to permanent employment as border tensions with China and Pakistan continue to pressure the country’s defense establishment.
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US election results were welcomed in many capitals as a sign that Donald Trump faces new limits on his power, particularly on Iran, but foreign officials cautioned that the weakened US leader could yet prove more disruptive during the…
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Seema Shah, chief global strategist at Principal Asset Management, expects a “really, really volatile environment” through 2027 as she examines what comes next for markets following the US midterm elections. She speaks on “Bloomberg…
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India’s coffee output is likely to fall short of an earlier forecast as below-normal rains during the four-month monsoon season took a toll on crops, according to the Coffee Board.
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A Spectrum Brands Holdings Inc. unit has made two offers to buy consumer products company Helen of Troy Ltd. and plans to go public with its interest to pressure the company to engage, according to people familiar with the matter.
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New York City’s congestion-pricing experiment seems to be working. Since the Metropolitan Transportation Authority started charging cars and trucks to drive into Manhattan south of 60th Street on Jan. 5, 2025, the number of vehicles…
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European Central Bank President Christine Lagarde called this year’s hot summer a warning that the continent must boost defenses against the financial fallout of global warming and make its energy system more flexible.
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Innovation in Switzerland’s pharmaceutical industry has fallen for the second year in a row, a new study shows, underscoring how it is trailing foreign competitors in digital research and clinical trials.
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A humbled Trump in the wake of the Democratic landslide has implications for US foreign policy.
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Source: Bloomberg, 16:29
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Democrat Jon Rosenthal defeated Republican firebrand Bo French to become the first member of his party in 36 years to win a seat on the powerful panel that oversees the $200 billion Texas oil industry.
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Data center developers seeking to build dozens of artificial intelligence campuses across Texas are facing their worst-case scenario under newly-elected Democratic Governor Gina Hinojosa, who has called for an immediate moratorium on data…
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The US midterm results and President Donald Trump’s acknowledgement of them will help underpin the country’s credit score, Scope Ratings said.
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Source: Bloomberg, 9:53
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Microsoft offered buyouts to roughly a quarter of its employees last week, or about 60,000 people. This follows layoffs of 2% of its workforce in July, and the company’s first-ever voluntary retirement offer to 7% of employees in April…
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Ghana’s annual inflation edged up to an 11 month-high in October, strengthening the case for the central bank to keep interest rates on hold.
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Democrats swept into power in Congress, with outrage over the cost of living and the war in Iran leading to a thundering rebuke of President Donald Trump and his party. Bloomberg's Stephanie Baker breaks down the situation. (Source…
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Emmanuel Cau, Barclays' European and APAC equity strategy head, discusses the implications of the US midterm election results, saying there will likely be noise and volatility in markets. "There is a bit more room for this rotation out of…
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