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Dow Jones Newswires: Mercury Systems taps interim president and CEO as next chairman

Mercury Systems said Thursday that it has named interim president and chief executive officer Bill Ballhaus as the chairman of the board in the latest executive move at the technology company.

The Ratings Game: Chip stocks lag market as semiconductor sales decline for 11th straight month

Chip stocks underperformed the broader market Thursday after the semiconductor industry logged its eleventh month in a row of steep losses.

: FDA approves Alzheimer’s treatment Leqembi, clearing the way for Medicare coverage

Despite Medicare coverage, drug may remain out of reach for many patients, policy experts say 

: This ‘Thread’ social platform existed years before Meta’s new app — and it could sue, experts say

Turns out, there are already established companies that use 'thread' or 'threads' in their names.

Earnings Results: Levi Strauss stock falls 5% after outlook is cut

Levi Strauss shares fell after hours Thursday after the jeans company cut its forecast for the year.

: Elon Musk says ‘cheating’ not OK as his lawyer accuses Meta of stealing trade secrets for Threads

Elon Musk lands the first jab on his fight with Meta Platforms Inc.'s Twitter lookalike Threads, saying that "cheating" was not OK, and his lawyer Alex Spiro fires off letter to warn against 'unlawful misappropriation.'

The Tell: Fed’s ‘quantitative tightening’ was supposed to sink stocks and the economy. It may be boosting them instead, analyst says.

The Federal Reserve's efforts to undercut an overheating U.S. economy by draining liquidity from the financial system may be having the opposite of their intended effect, according to Bank of America interest-rate strategist Ralph Axel.

Living With Climate Change: The cost of extreme heat in the U.S.? 235,000 ER visits and $1B in health-care bills just this summer

A jump in costly ER visits and longer-term health impacts could worsen as climate change makes record-busting heat waves more common.

Personal Finance Daily: Pay hikes for switching jobs are shrinking, so think twice before you jump ship and DoorDash, Uber and Grubhub sue New York City over minimum wage for delivery workers

Thursday's top personal finance stories.

ETF Wrap: Here are ETF themes and categories investors may want to consider in the second half of 2023

U.S. investors in exchange-traded funds rapidly took note of the growth potential for artificial intelligence and robotic-related ETFs in the first half of 2023. Here are some other thematic investment ideas for the rest of this year.

: As U.S. bakes in scorching heat, low-income people and communities of color are hit hardest — here’s why

Some have come to see air-conditioning access as both a public-health and racial-equity issue.

: Home-builder stocks take a broad beating as 10-year yield’s breakout fuels demand concerns

Home-builder stocks dropped Thursday, as a jump in Treasury yields sparked concerns that higher mortgage rates would hurt demand for new homes.
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