News

$500 million of the funds currently collateralizing the Dai (DAI) stablecoin will be reallocated to U.S. Treasuries and corporate bonds in an effort to provide … Source: Cointelegraph

Apollo Global Management Inc. APO, -1.20% and Sixth Street Partners LLC are not moving ahead with talks to help finance Elon Musk’s $44 billion acquisition of Twitter Inc. TWTR, -3.72%, Reuters reported. Musk replied, “correct” on Twitter when answering queries about whether the two lenders are absent from the $7.1 billion in third-party equity financing […]

Jay Clayton, who formerly chaired the Securities and Exchange Commission, has joined the board of directors at American Express Co. AXP, -1.38%, the card company announced Thursday. “Jay’s deep regulatory and legal expertise and knowledge in financial markets, along with his extensive experience advising organizations on corporate governance matters, will make him a tremendous asset […]

Shares of Marathon Digital Holdings Inc. MARA, +2.02% climbed 1.3% in premarket trading Thursday, after the cryptocurrency miner said it produced 360 bitcoin BTCUSD, -0.25% in September, or nearly 60% of the 616 bitcoin produced during the third quarter. The company said the improved bitcoin production has continued into October, with about 19,000 additional miners […]

American Oncology Network LLC said Thursday it agreed to be acquired by special purpose acquisition company Digital Transformation Opportunities Corp. DTOC, +0.20% in a deal that values the oncology practice currently comprised of 107 doctors in 18 states at $500 million. When the merger closes as expected in the first half of 2023, American Oncology […]

Eli Lilly and Co. LLY, +0.35% said Thursday that its experimental obesity drug received a Fast Track designation from the Food and Drug Administration. The drug maker also said it plans to begin a rolling submission to the FDA for tirzepatide as a treatment for adults with obesity or who have overweight with related comorbidities. […]