Photo illustration of a group of weight loss medications on a white background. Ucg | Universal Images Group | Getty Images South Korea’s Samsung Biologics said on Monday that it had made an all-cash bid of 1.46 billion Swiss francs ($1.8 billion) for Switzerland’s PolyPeptide Group, which specializes in peptide-based active pharmaceutical ingredients. Under the…
When Berkshire Hathaway sold its entire stake in Mastercard (MA 1.45%), many investors had the same reaction: “If one of the world’s greatest investors is selling, shouldn’t I?” It’s an understandable question. But it may also be the wrong one. Berkshire’s decision doesn’t necessarily mean Mastercard has become a worse business. In fact, Mastercard remains…
Pfizer (PFE 0.36%) has not performed well in recent years, as demand for its coronavirus products has plummeted. Meanwhile, several of the company’s newer launches haven’t made much of an impact on its financial results, while it is racing toward an important patent cliff — that of Eliquis, an anticoagulant and one of its best-selling…
If you’re a retiree on Social Security, you probably know how important the program’s annual cost-of-living adjustments (COLAs) are. Without those raises, your benefits wouldn’t have a way to keep up with inflation. Earlier this year, Social Security benefits got a 2.8% COLA. If you thought that was stingy, you weren’t alone. A good 54%…
A job switch during the financial year can lead to an unexpected tax liability, even if both employers have deducted TDS correctly. This happens because each employer calculates TDS only on the salary it pays, while your final tax is computed on your total annual income. Dev Patel, Financial Advisor at 1 Finance, highlights a…
A class of mortgage marketplaces is leaning into AI to speed up the lending process, with hopes of better serving middle-market deals. These loans, usually ranging between $5M and $100M, fuel the development of strip malls, small industrial projects and mom-and-pop apartment investments. But the lending market for deals of this size remains vast, decentralized and…
For most of this year, investors couldn’t get enough of Anthropic while largely ignoring OpenAI. Now the tide is turning: although Anthropic remains the clear favorite, OpenAI is experiencing a significant surge in demand after it released highly touted new models and saw success with its AI coding agent, Codex. “In the last month, there…
Key Points On July 14, Warren Buffett announced a donation of about $6 billion worth of Berkshire Hathaway shares to his family’s charitable foundations. The legendary investor intends to donate the remaining $140 billion of his shares to charity by Dec. 31, 2034. 10 stocks we like better than Berkshire Hathaway › One of the…
Markets are underestimating the impact of climate volatility across asset classes, commodity strategists warn, as extreme heat grips Europe and meteorologists flag the risk of a powerful El Niño this year. The World Meteorological Organization expects a “strong El Niño event” in the tropical Pacific between July and September this year. El Niño is a…
The Australian Securities and Investments Commission (ASIC) has closed its 2025-26 financial year with AU$830 million (US$579.3 million) in court-ordered civil penalties, the highest annual total in the regulator’s history. A further AU$644 million (US$449.5 million) was delivered back to Australians affected by misconduct over the same period, according to the regulator. A single case…