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Four EY partners exit after audit breaches in Shell contract, FT reports
Four EY partners left after breaching independence rules during Shell's audit, leading to contract termination and regulatory investigations, the Financial Times reported.
US Federal Reserve reviews flagged bank oversight issues under new standards
The US Federal Reserve is reviewing previously flagged bank shortcomings to align with new supervision standards focused on material financial risks under Vice Chair Michelle Bowman.
Crypto lender BlockFills halts withdrawals amid bitcoin price drop
Crypto lender BlockFills suspends withdrawals due to bitcoin price decline, impacting liquidity and client operations. The pause is temporary as the firm works to restore stability.
Activist investor Ancora opposes Netflix-Warner Bros deal, backs Paramount bid
Activist investor Ancora Holdings opposes Netflix's acquisition of Warner Bros Discovery, supporting Paramount's higher-value bid amid regulatory concerns.
US economists predict Fed rate hold through May, June cut under Warsh
The Federal Reserve is expected to hold interest rates steady through May, with economists forecasting a cut in June under new chair Kevin Warsh, who may adopt looser policy.
US job growth rises in January as unemployment falls to 4.3 percent
U.S. job growth accelerated in January with nonfarm payrolls increasing by 130,000 and unemployment rate dropping to 4.3%, indicating labor market stability.
Blackstone boosts stake in AI startup Anthropic to about $1B, source says
Blackstone is boosting its investment in Anthropic to about $1 billion, valuing the Claude chatbot maker at roughly $350 billion as investor appetite for leading generative AI companies remains strong.
Boeing plans to open fourth 737 production line in midsummer
Boeing plans to open a fourth 737 MAX production line in Everett, Washington, as it ramps up output toward as many as 63 jets a month, signaling a gradual production increase amid strong demand for single-aisle aircraft.
Amazon plans to launch AI content marketplace, The Information reports
Amazon is signaling plans for an AI content marketplace that would let publishers sell material to artificial intelligence companies, as tech firms and media groups negotiate new rules and fees for AI use of content.
Trump wants lower mortgage rates, his Fed pick may push the other way
President Donald Trump has made housing affordability a centerpiece of his economic agenda, repeatedly emphasizing his desire to see mortgage rates fall. But Trump’s choice to lead the Federal Reserve, Kevin Warsh, has spent years criticizing the central bank’s enormous bond portfolio. Any push to significantly shrin[...]
Lilly bets on next-generation cell therapy with $2.4B deal for Orna
Eli Lilly agreed to buy Orna Therapeutics for up to $2.4 billion, gaining in vivo CAR-T and circular RNA technology platform.
Google sued by Autodesk over AI-powered movie-making software
Autodesk sued Google, alleging trademark infringement over Flow AI software used in film, TV and video games.
