Business

FDA’s tobacco program must be proactive, not reactive, independent panel says after extensive review

CNN — An independent panel of experts says its review of the US Food and Drug Administration’s tobacco program found numerous wide-ranging problems that hinder its ability to regulate the industry and reduce tobacco-related disease and death. FDA Commissioner Dr. Robert Califf requested the review in July, anticipating the complex issues that will come with …

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I Speak Fluent ‘New Social Media CEO Who’s In Over Their Head’; Let Me Translate The Last Few Days Of Twitter Policy

from the the-pathetic-autocrat-edition department The last few days on Twitter have been, well, chaotic, I guess? Beyond the blocking of the ElonJet account, followed by the blocking of the @JoinMastodon account, then the blocking of journalists asking about all this and the silly made up defense of it, over the weekend, Twitter announced a new …

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Honeywell to pay about $200 mln to settle US, Brazilian bribery charges

Dec 19 (Reuters) – US-based manufacturer Honeywell International Inc (HON.O) on Monday said it has agreed to pay about $200 million to settle criminal and civil corruption investigations in the United States and Brazil. The US Justice Department and US Securities and Exchange Commission (SEC) each announced the resolution of parallel investigations relating to bribes …

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Tribal owner of Hard Rock now running Mirage on Vegas Strip

LAS VEGAS (AP) — A new operator, Hard Rock International, started running the iconic Mirage resort on the Las Vegas Strip on Monday, following Nevada state gambling regulatory approval for a nearly $1.1 billion sale by former site owner MGM Resorts International, the companies said. Florida-based Hard Rock International, owned by the Seminole Tribe, said …

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Crypto firm Voyager to sell assets to Binance.US in $1 bln deal

Dec 19 (Reuters) – Crypto firm Voyager Digital Ltd said on Monday it will sell its assets to Binance.US in a deal valued at about $1 billion following a review. Palo Alto, California-based Binance.US, which operates as an independent legal entity and has a licensing agreement with Binance.com, will make a $10 million deposit and …

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Elon Musk breaks silence after 10 million Twitter users vote for him to step down | Elon Musk

Elon Musk has tweeted for the first time since more than 10 million people voted in favor of him stepping down as Twitter’s chief executive, saying that only paid Twitter Blue subscribers will be able to vote in future policy-related polls. On Sunday, Musk asked Twitter users whether he should step down as the head …

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Bank of Japan pivot bombshell – widening 10yr JGB band to 0.5% (from 0.25). Yeah up

Yen has surged and Nikkei (Japan shares) trashed. The initial headlines were that the BOJ had left its policy unchanged, which they have. to maintain a -0.1% target for short-term rates and a 0% cap for the 10-year bond yield Yield A yield represents the earnings generated by an investment or security over a certain …

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Jim Cramer says he likes Corteva and Nucor for 2023

CNBC’s Jim Cramer on Monday offered investors two stocks they should consider adding to their portfolios. Stocks in the materials sector tend to be highly cyclical, meaning they could get hammered if the Federal Reserve’s interest rate hikes tip the economy into a recession, he explained. And while it’s far from the best-performing sector in …

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Japanese yen strengthens as central bank widens yield target range, Asia markets fall

Bank of Japan holds rates steady, widens yield curve control band The Bank of Japan held its benchmark interest rates steady and announced it will modify its yield curve control band, the central bank said in a statement. The BOJ will expand the range of 10-year Japan government bond yield fluctuations from its current plus …

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