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AbbVie says FDA approves Skyrizi for ulcerative colitis

AbbVie said that the heavily-advertised drug was now approved for four conditions across different so-called “immune-mediated” inflammatory diseases.

Trump Media shares continue to drop, as SEC move threatens to ding shareholders

Trump Media & Technology Group Corp. — the company behind former President Donald Trump’s Truth Social platform — said Tuesday that regulators allowed some of its investors to resell certain securities and made certain warrants available for exercise.

Tuatara Capital to run Cannabis NYC Loan Fund to fuel social-equity program

A private-equity firm led by Wall Street veterans that has backed Willie Nelson’s pot brand Willie’s Reserve as well as multi-state operator Verano has been tapped to manage New York City’s new Cannabis NYC Loan Fund.

Amazon hit with $5.9 million fine as California says it failed to disclose quotas to workers

Amazon has been fined $5.9 million by a California labor agency accusing the online retailer of failing to sufficiently disclose productivity quotas to employees at two warehouses in the state, in violation of a law intended to prevent worker injuries.

CBO raises U.S. budget-deficit forecast to close to $2 trillion

The U.S. budget deficit is projected to hit $1.92 trillion this year, up from $1.69 trillion in 2023, according to updated projections from the Congressional Budget Office released Tuesday.

Citi’s investment-banking revenue tracking 50% above year-ago level

Citigroup’s investment banking unit is being driven by better mergers and acquisitions activity as well as capital-raising.

This family of four is hoping GoFundMe will save them from eviction — similar fundraisers have increased 40% since the pandemic

Rents aren’t growing as fast as they once were, but they’re stuck at a level where many people can’t afford them.

Why the immigration surge under Biden is saving taxpayers money

A wave of illegal border crossings in recent years has sparked heated debate over U.S. immigration policy, but official estimates suggest the surge in migration over the U.S.-Mexico has done wonders for the federal budget outlook.

Bitcoin falls below key support level, with crypto ‘whales’ slow to buy

Bitcoin has fallen below its 50-day average of around $65,800, an important support level, signaling a potential correction of 8% to 12%, according to analysts at CryptoQuant. The coin may decline toward $60,000, the analysts noted.

Meet the 10 biggest megadonors in the 2024 election cycle so far

Learn about each of the top 10 megadonors in the current election cycle.

Misinformation, political ideology will make the next pandemic far worse than COVID: Fauci

The next global pandemic is likely to be far worse than the COVID-19 crisis for one tragic reason, according to the infectious-disease expert who was the face of the U.S. government’s public-health response to the pandemic.

Nvidia supremacy: Company becomes largest in the U.S. as stock extends big run

Nvidia’s blistering rise through the ranks of the largest U.S. companies is set to culminate Tuesday with the chip maker taking over the title of most valuable.
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