Bristol Blue Glass, a UK glassmaker, to close in May due to rising energy costs and taxes, questioning viability of UK manufacturing.
NACHRICHTAINew research from the Federal Reserve Bank of St. Louis shows a rise in mortgage application denials, with debt-to-income ratios being a primary cause. Higher interest rates are pushing more applicants above lender thresholds, blocking access to credit.
NACHRICHTAICanada has become the first G7 nation to approve generic semaglutide injections, making GLP-1 drugs more accessible and affordable. This move by Novo Nordisk follows similar approvals in India and has already led to price reductions for brand-name medications.
NACHRICHTAIHype surrounds SpaceX's potential $75 billion IPO, driving significant options trading in Echostar, a SpaceX shareholder. Echostar's stock has surged, though it's currently in a pullback.
NACHRICHTAIEli Manning's private equity firm, Brand Velocity Group, is acquiring RCX Sports, which manages licenses for major youth sports programs like NFL Flag. The deal faces political opposition with a bill aiming to ban private equity from youth sports.
NACHRICHTAIPirelli is suing Grizzly Research for defamation after the short-seller published a report alleging close ties to Russia and potential security risks for the West. Grizzly claimed Pirelli's Russian operations are more significant than disclosed and may supply the Russian military.
NACHRICHTAICrowdStrike exceeded Q1 earnings and revenue expectations but saw its stock fall 10% post-report. The cybersecurity firm announced a 4-for-1 stock split and highlighted growth driven by AI adoption and new security solutions.
