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☆ Celine Dion to return to stage for performance at Olympic Games opening ceremony in Paris
▼ + stars: | 2024-07-26 | by ( Dan Heching | Pauline Lockwood | ) edition.cnn.com time to read: +2 min

CNN —Celine Dion is set to make her return to the stage at the Summer Olympic Games in Paris. Dion will close the ceremony on Friday with a performance from the first stage of the Eiffel Tower, singing a timeless classic, Edith Piaf’s “L’Hymne à l’amour”. Dion, 56, announced in December 2022 that she was taking time off from professional commitments to focus on her health after revealing her diagnosis. Lady Gaga performs in Paris, France, ahead of the opening ceremony of the 2024 Summer Olympics on Friday. In her documentary, Dion said she was determined to make her return to performing.

Persons: Celine Dion, Dion, Edith Piaf’s “, entertainer’s, ”, Lady Gaga, Zizi Jeanmaire, France’s, Luca Bruno, Celine Dion ”, NBC’s, Kotb, “, Lisa Respers France, Alli Rosenbloom Organizations: CNN, Eiffel, National Institute of Neurological Disorders, AP Locations: Paris, London, England, “, France

☆ SpaceX cleared to launch Falcon 9 rocket after rare failure
▼ + stars: | 2024-07-26 | by ( Jackie Wattles | ) edition.cnn.com time to read: +4 min

CNN —SpaceX’s Falcon 9 rocket — the most prolific launch vehicle in the world — is ready to return to flight after suffering a mission-ending failure during a routine journey earlier this month. On its website, SpaceX has already revealed that it will put the Falcon 9 back to work as soon as Saturday, launching a batch of Starlink internet satellites. If successful, the launch could put SpaceX back on track to returning to its routine but crucial work launching astronauts to the International Space Station. What happened to Falcon 9The Falcon 9, which is the smallest vehicle among SpaceX’s fleet of rockets, is the linchpin of the US rocket industry. A Falcon 9 had launched a group of Starlink satellites out of California on July 11 shortly before the mishap occurred.

Persons: CNN —, —, NASA —, Jared Isaacman, Elon Musk, SpaceX, “, ” Organizations: CNN, Federal Aviation Administration, Falcon, FAA, SpaceX, International Space, NASA, Polaris, Twitter Locations: California

☆ FAA approves SpaceX to resume Falcon 9 rocket launches after two-week hiatus
▼ + stars: | 2024-07-26 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +2 min

The Federal Aviation Administration has approved SpaceX to resume flights of its mainstay Falcon 9 rocket after a brief grounding, with Elon Musk's company planning to launch its next mission carrying satellites as soon as Saturday. The FAA clearance came just 15 days after the rocket suffered a rare inflight failure while in orbit during a launch of Starlink satellites. During the July 11 launch, the rocket's lower first stage, or booster — powered by nine engines — operated as expected before returning to land. A loose clamp for that tube and the intense vibration of the rocket's engine led to cracking, the company said. That cracked sense line resulted in a leak of liquid oxygen, causing damage to the rocket's engine when it attempted to restart in space.

Persons: Elon Organizations: Federal Aviation Administration, SpaceX, Falcon, FAA, CNBC

☆ The Obamas Called Kamala Harris. Cameras Rolled. Hokeyness Ensued.
▼ + stars: | 2024-07-26 | by ( Rebecca Davis O Brien | ) www.nytimes.com time to read: +1 min

Kamala Harris’s dizzying rollout as a presidential candidate somehow pulled off the rare feat of looking organic and organized, fun but without cringe-inducing artifice. Somehow, the Biden-turned-Harris campaign managed to make former President Barack Obama and Michelle Obama, once America’s coolest political couple, sound like parents in a Lifetime movie calling their child at summer camp. Early Friday morning, the Harris campaign posted a video it produced that depicted a phone call from Mr. and Mrs. Obama, which had taken place on Wednesday, in which they gave Ms. Harris their much-awaited endorsement. Mr. Obama’s 5:01 a.m. post of the video on X had more than 50 million views by 2 p.m. The video begins as an offscreen aide hands Ms. Harris a phone, while she is walking backstage at an event in Indianapolis.

Persons: Kamala Harris’s, Harris, Barack Obama, Michelle Obama, Obama, Obama’s Organizations: Biden Locations: Indianapolis

☆ 5 takeaways from the opening ceremony of the 2024 Paris Olympics
▼ + stars: | 2024-07-26 | by ( Kyle Feldscher | ) edition.cnn.com time to read: +9 min

Paris shows offIt wasn’t exactly the night that Paris 2024 organizers would have hoped for (more on that in a moment). Celine Dion returns in stunning fashionThis handout released by the Olympic Broadcasting Services, shows a view of singer Celine Dion performing on the Eiffel Tower during the opening ceremony of the Paris 2024 Olympic Games Paris 2024 on July 26, 2024 in Paris, France. Musicians from Gojira, a heavy metal band, perform during the opening ceremony of the Paris 2024 Olympic Games in Paris, France, on July 26. A most magnificent cauldron lightingThe torchbearers French former sprinter Marie-Jose Perec and French judoka Teddy Riner arrive to light the Olympic cauldron during the opening ceremony of the Paris 2024 Olympic Games in Paris on July 26, 2024. Mohd Rasfan/AFP/Getty ImagesThe 2024 Games promised an opening ceremony unlike any other and it delivered – including on the incredible cauldron lighting.

Persons: Marie, Lady Gaga, Franck Fife, –, Celine Dion, Dion, ”, Marie Antoinettes, Zhang Yuwei, John Lennon’s “, Jose Perec, Teddy Riner, Mohd Rasfan, Zinedine Zidane, Rafael Nadal, Serena Williams, Nadal, Carl Lewis, Tony Parker, José Pérec, Sandee LaMotte Organizations: Paris CNN, Olympic Games, of, Nations, Eiffel, of Nations, Olympic Broadcasting Services, Paris, IOC, US Food and Drug Administration, Gojira, Olympic, Getty, Games Locations: Paris, of Light, Seine, France, French, AFP

☆ U.S. Economy Grew at 2.8% Rate in Latest Quarter
▼ + stars: | 2024-07-25 | by ( Ben Casselman | ) www.nytimes.com time to read: +1 min

Gross domestic product, adjusted for inflation, increased at a 2.8 percent annual rate in the second quarter, the Commerce Department said on Thursday. That was faster than both the 1.4 percent rate recorded in the first quarter, but down from the unexpectedly strong growth in the second half of last year. Consumer spending, the backbone of the U.S. economy, rose at a 2.3 percent annual rate in the second quarter — a solid pace, albeit much slower than in 2021, when businesses were reopening after pandemic-induced closings. Inflation, which picked up unexpectedly at the start of the year, eased in the second quarter. That is something few forecasters considered likely when the Federal Reserve began raising interest rates to combat inflation two years ago.

Organizations: Gross, Commerce Department, Consumer, Federal Reserve Locations: U.S

☆ Simone Biles Sticks the Landing - The New York Times
▼ + stars: | 2024-07-25 | by ( Julie Kliegman | ) www.nytimes.com time to read: +1 min

All the signs suggest Simone Biles is ready for it: to return to the Olympic stage and crush her new floor-routine mix that starts with a Taylor Swift song. Ms. Biles stepped aside from several events at the Tokyo Games in 2021 after experiencing anxiety and the “twisties,” a gymnastics term for disorientation while performing midair tumbles. “I have to focus on my mental health,” she told reporters. It’s the rare athlete who can find the courage to speak openly about mental health. star Chamique Holdsclaw has discussed how she resisted revealing her own experience with depression in 2004 because as an athlete, “you’re supposed to be strong, fierce, tough.

Persons: Simone Biles, Taylor, —, Biles, “, ”, she’s, Chamique Holdsclaw, “ you’re, DeMar DeRozan, that’s Organizations: Olympic, Tokyo Games, Games, Toronto Raptors Locations: Paris

In the three days since President Biden announced he was quitting the 2024 race, Mr. Trump has entered foreign territory. But within 24 hours, Democratic leaders unofficially crowned Ms. Harris and stamped out any notable opposition. His team considered mounting legal challenges to her campaign committee to make it harder for Ms. Harris to hit the ground running. And Mr. Trump is still cycling through nicknames for Ms. Harris — a sign that he hasn’t yet figured out how he intends to portray her. And some Trump campaign officials have telegraphed plans to “Willie Horton” Ms. Harris.

Persons: Donald J, Biden, Trump, It’s, Kamala Harris, Mr, Biden’s, Harris, “, —, viscerally, jostled, Erin Schaff, Brian Hughes, ” Mr, Biden’s “ Cackling, Laffin ’ Kamala Harris, ”, Kamala ”, Hillary Clinton, Kamala, Alex Castellanos, that’s, Kevin McCarthy, Mike Johnson, Doug Mills, ” Liam Donovan, ” Guy Cecil, “ Kamala Harris, David McCormick, Biden’s frailty, Willie Horton ” Ms, Michael Dukakis, Horton, Dukakis, Hilary Rosen Organizations: Republican National Convention, Democratic, Sunday, Black, Trump, The New York Times, Mr, Republicans, Republican, Indian, Indian American U.S, New York Times, National Republican, “ Republicans, Green, MAGA Inc Locations: Wilmington, Del, Indian American, Grand Rapids, Mich, Credit, Charlotte, —, Pennsylvania, Massachusetts, California

☆ 'The privilege of my life': Biden formally steps down from 2024 race
▼ + stars: | 2024-07-25 | by ( Lilian Manansala | Tamara Lindstrom | ) www.businessinsider.com time to read: 1 min

President Joe Biden addressed the nation in a rare speech delivered from the Oval Office. It was his first public appearance since announcing he would not run for reelection. This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account?

Persons: Joe Biden Organizations: Business

Neumann noted the latest Europol data showed “the number of attacks and planned attacks has more than quadrupled” since 2022. The apparent uptick in the recruitment of young radicals to carry out acts of terror comes as European security officials express worries at a potential resurgence of organized – or “directed” - terror attacks. The group has built a remarkable presence in Turkey over the past three years, according to court documents and analysts. Swiss police in March arrested a 15-year-old Swiss boy and a 16-year-old Italian boy for ISIS support and plotting bomb attacks, according to a police statement. Yulia Morozova/ReutersThe extent of ISIS-K’s use of Turkey as a transit hub is acknowledged by officials in the Turkish indictment.

Persons: Peter Neumann, Neumann, ”, ” Neumann, “, Lise Jaulin, Dilara Senkaya, “ Rustam, Rustam, Yulia Morozova Organizations: CNN, ISIS, Paris Olympics, King’s College London, MIT, Swiss, Analysts, Soviet Union, Turkish, Italian Santa Maria Catholic Church, Foreign Operations, Hall, Foreign Locations: Europe, West, Paris, Islamic, Khorasan, Central Asia, Turkey, Saint, French, France, Haute, Savoie, Dusseldorf, Heidelberg, Montenegro, Austria, Afghanistan, Tajikistan, Moscow, Italian, Istanbul, Swedish, Pakistan, Tajik, Iran, Russia, Crocus, Syria, Iraq

☆ Who will light the Olympic cauldron? Here are 10 potential candidates
▼ + stars: | 2024-07-25 | by ( Mark Puleo | ) www.nytimes.com time to read: +7 min

The lighting of the Olympic cauldron is a spectacle steeped in both tradition and secrecy. With just one day until the opening ceremony, the identity of the individual who will light the cauldron remains unknown. The 25-year-old led France to 2018 World Cup triumph, becoming the second teenager in history (after Pelé) to score in a final, then led France to another World Cup final in 2022. He was the team’s leading scorer during its 1998 World Cup title run and later transitioned to coaching after retirement. AdvertisementTony ParkerTony Parker had his number retired before a French Olympic tuneup game earlier this month.

Persons: Tony Estanguet, —, Marie, José Pérec Marie, José Pérec, Loup Gautreau, Pérec, Estanguet, Zinedine Zidane, Ballon, Zidane, headbutting Italy’s Marco Materazzi, Kylian, Mbappé, Real Madrid Omar Sy, Sy, Lupin, Haakon, Chung Sun, Emmanuel Macron, Macron, Thierry Henry Thierry Henry, Nicolas Tucat, Henry, Victor Wembanyama, Thomas Pesquet, Pesquest, Martin Fourcade Fourcade, Tony Parker Tony Parker, Maxime Gruss, Tony Parker, Star, Joel Embiid, Jean, Pierre Siutat, Athletic Embiid, Embiid, “, Weis, Naomi Osaka, Yuna Kim, Cordeiro de, Vladislav Tretiak, Wayne Gretzky, Steve Nash, Christian Petersen Organizations: Getty, Summer Games, headbutting, Real Madrid, Games, Globe, French, Arsenal, France, France’s U21, Space, Getty Images, San Antonio Spurs, NBA, FIBA, French Federation of Basketball, Athletic, Philadelphia 76ers, Blues, spurning Locations: Paris, France, AFP, Barcelona, Atlanta, Guadeloupe, Norway, South Korea, Pyeongchang, United States, French, Cameroon, spurning France, Tokyo, Rio de Janeiro, Cordeiro de Lima, Sochi, London, Vancouver

☆ I used to explore abandoned places as a kid. When I started exploring them again as an adult, I made a career out of it.
▼ + stars: | 2024-07-25 | by ( Blake Pfeil | ) www.businessinsider.com time to read: +5 min

Read previewAs a kid who dreamed of being a professional artist, I spent hours at an abandoned dairy farm near my childhood home. After the dairy farm burned down, it slowly faded from my memory. The practice of exploring abandoned spaces calmed the symptoms of what eventually became a cyclothymia diagnosis — a rare mood disorder — much later in life. As I got older and moved away, my childhood fascination with abandoned spaces almost vanished completely. I lay in bed, thinking about the abandoned dairy farm, and I wondered if there were any abandoned buildings near where I live in the Hudson Valley, New York.

Persons: —, I've, I'd, Blake Pfeil Organizations: Service, Business Locations: Hudson Valley , New York

☆ Jill Biden travels to Paris Olympics as her husband passes the torch
▼ + stars: | 2024-07-25 | by ( Betsy Klein | ) edition.cnn.com time to read: +5 min

CNN —First lady Jill Biden watched on Wednesday night as President Joe Biden told the American people it was time to “pass the torch” on his political career. Then she got on a plane, flying nearly 4,000 miles to Paris, where another torch was being passed. Jill Biden is arriving in Paris at a monumental time for her husband’s presidency. That unity will be on display at the Olympic Games, a rare moment in intensely polarized times. In one tangible signal of how plans for the Paris trip changed since the president’s decision to drop his reelection bid, Jill Biden had been scheduled to headline a fundraiser for Americans living abroad in Paris.

Persons: Jill Biden, Joe Biden, Biden, ” Biden, “, ”, Vanessa Valdivia, Joe Biden’s, Capricia Marshall, Obama, Clinton, ” Jill Biden’s, Elizabeth Alexander, Alexander, Kamala Harris, Harris, Marshall, Joe …, Anita McBride, Laura Bush, ” McBride, it’s, Doug Emhoff Organizations: CNN, Olympic Games, Olympic, USA, White, House, Democratic, Tokyo Locations: Paris, Virginia, Tokyo, Valdivia

☆ Yellowstone’s popular Biscuit Basin is closed for the summer after hydrothermal explosion
▼ + stars: | 2024-07-25 | by ( Amanda Musa | ) edition.cnn.com time to read: +4 min

Biscuit Basin – located about 2 miles northwest of the famed Old Faithful geyser in Wyoming – was shuttered for the rest of the summer out of concern for visitor safety, according to park officials. This map shows the major thermal features in Biscuit Basin at Yellowstone National Park. Officials say Grand Loop Road, which surrounds Biscuit Basin and other notable sites in the park, remains open to vehicles. Biscuit Basin and other popular geysers have experienced similar explosions in the past, officials said. Additionally, a small hydrothermal explosion occurred from Wall Pool, in Biscuit Basin, in 2009, according to officials.

Persons: “, CNN’s Jamiel Lynch Organizations: CNN, Yellowstone, National Park Service, Geological Survey, Google, Survey, ” Geologists, Porcelain Locations: Wyoming, Sand, Norris, Porcelain Terrace, Wall, Yellowstone

Baird raised its price target on Apple by $40 to $240. BMO also increased its price target on Amazon to $230, implying upside of 27%. Hutchinson also raised her price target $65, a $3 increase that implies the stock can jump 17.3% over the next year from Wednesday's close. In addition to reiterating his outperform rating, Mizuho managing director Gregg Moskowitz upped his price target by $30 to $850. Analyst William Power reiterated his outperform rating on the tech titan and hiked his price target by $40 to $240.

Persons: Baird, Lorraine Hutchinson, Hutchinson, Birkenstock, — Alex Harring, Paul Lejuez, LULU, Lejuez, LULU YTD, GE Vernova, Mark Strouse, Strouse, Mizuho, Gregg Moskowitz, Moskowitz, LSEG, Stifel, Lamb Weston, Matthew Smith, Smith, FactSet, Cowen, William Power, AAPL, Power, Alex Harring, Brian Pitz, Pitz, Fred Imbert Organizations: CNBC, Apple, BMO, GE, Bank of America, New York Stock Exchange, Citi downgrades, Citi, JPMorgan, Mizuho, Nasdaq, Apple Intelligence, Verizon, BMO Capital Markets, Google, Amazon Locations: Wednesday's, Thursday's, Lululemon, Thursday's premarket

☆ Jennifer Aniston slams JD Vance for ‘childless cat ladies’ remarks: ‘I pray that your daughter is fortunate enough to bear children’
▼ + stars: | 2024-07-25 | by ( Elizabeth Wagmeister | ) edition.cnn.com time to read: +3 min

CNN —Jennifer Aniston is criticizing JD Vance for comments he made in his past about women without children. “All I can say is… Mr. Vance, I pray that your daughter is fortunate enough to bear children of her own one day,” Aniston wrote on her Instagram stories. The ship has sailed.”Aniston’s passionate words about Vance’s comments come from a personal place, as the “Friends” star has personal experience being judged for not having children. (The video Aniston reposted was shared by actress Allison Janney.) CNN has reached out to Aniston’s representative for further comment on her post about Vance and her apparent endorsement of Harris.

Persons: Jennifer Aniston, JD Vance, Aniston, “, Tucker Carlson’s, Vance, Carlson, they’ve, “ It’s, Kamala Harris, Pete Buttigieg, we’ve, ” Aniston —, —, Mr, ” Aniston, ”, ’, Harris, Brett Kavanaugh, Allison Janney Organizations: CNN, Fox News, Ohio Senate, Biden Locations: United States, ”, Hollywood

☆ Here are Thursday's biggest analyst calls: Apple, Dell, Super Micro, ServiceNow, Ford, CrowdStrike
▼ + stars: | 2024-07-25 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Thursday's biggest calls on Wall Street: Bank of America reiterates IBM as buy Bank of America said the "portfolio is delivering" despite the company's mixed earnings report on Wednesday. Morgan Stanley reiterates Ford as overweight Morgan Stanley said it's sticking with Ford as a top pick following earnings on Wednesday. Bank of America reiterates CrowdStrike as buy Bank of America lowered its price target to $365 per share from $400 but said it's sticking with the stock. Barclays reiterates Super Micro Computer as overweight Barclays said it's sticking with its overweight rating heading into earnings in early August. " Bank of America reiterates Birkenstock as buy Bank of America said the stock "warrants a higher multiple."

Persons: Mizuho, ServiceNow, Morgan Stanley, Ford, KeyBanc, Baird, AAPL, Price, LULU, Goldman Sachs, Dell, Goldman, Roper, CBRE, it's, CrowdStrike, Susquehanna, Bank of America downgrades Lamb Weston, Lamb Weston, Chipotle, Piper Sandler, Marvell, Piper, Birkenstock Organizations: Bank of America, IBM, Infrastructure, Consulting, Mizuho, Software, Ford, Apple, BMO, Citi, Dell, DELL, Roper Technologies, " Bank of America, Meta, AMD, SOX, JPMorgan, GE, Deutsche Bank, Deutsche, Barclays, AMC, Sirius XM, Davidson, Polaris

☆ Takeaways from latest GDP report showing US economy is making history
▼ + stars: | 2024-07-25 | by ( Bryan Mena | ) edition.cnn.com time to read: +5 min

Separate data on spending shows that American shoppers are still shopping. That measure strengthened in the second quarter, rising to a 2.9% rate compared to 2.6% seen earlier this year. Generally, one risk that comes with an economy that’s expanding robustly is that price pressures can either get stuck or heat up. Businesses are still spending, but less on thisBusinesses invested much more in the second quarter than in the first three months of the year. The measure for that — known as “nonresidential fixed investment” — rose to a 5.2% rate in the second quarter, up from 4.4% in the first quarter.

Persons: That’s, pare, ”, Jamie Cox, ” Scott Helfstein, ” Oren Klachkin Organizations: Washington CNN, Gross, Commerce Department, Federal Reserve, PCE, Harris Financial Group, “, Nationwide

☆ GDP: The US economy is pulling off something historic
▼ + stars: | 2024-07-25 | by ( Bryan Mena | ) edition.cnn.com time to read: +1 min

Washington CNN —The US economy is on the verge of an extremely rare achievement. Businesses are continuing to invest and a key gauge of consumer demand has been robust this year. As the economy continued to expand from April through June, inflation resumed a downward trend, the latest GDP report showed, and seems to be on track to slowing further toward the Federal Reserve’s 2% target. Wall Street traders are convinced that the Fed will roll out the first rate cut in September, and key Fed officials have given subtle signals that they’ve become more comfortable about eventually slashing rates. America’s economy is about to stick what’s called a “soft landing,” which is when inflation returns to the Fed’s target without a recession — a feat that’s only happened once, during the 1990s, according to some economists.

Organizations: Washington CNN, Commerce Department, Federal, Wall

☆ Everybody seems to love Zuck right now
▼ + stars: | 2024-07-24 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +1 min

Mark Zuckerberg won praise from CEOs for open-sourcing Meta's AI model, Llama 3.1. Shopify's CEO called the model an "incredible gift," and even Elon Musk said he "does deserve credit." download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIf there were a Big Tech CEO popularity contest, Zuck might well be taking the crown right now. Even Elon Musk gave Zuck a rare nod of approval.

Persons: Mark Zuckerberg, Elon Musk, —, Zuck Organizations: Service, Big Tech, Business

☆ Elon Musk has finally found something that he can agree with Mark Zuckerberg on
▼ + stars: | 2024-07-24 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Elon Musk and Mark Zuckerberg nearly got into a cage fight after Meta tried to dethrone X with Threads. Musk paid Zuckerberg a rare compliment after Meta released its latest AI model on Tuesday. AdvertisementElon Musk has long been at loggerheads with Mark Zuckerberg. But there is at least one subject on which Musk can see eye to eye with Zuckerberg. On Tuesday, Musk offered a rare compliment to Zuckerberg after Meta released its latest AI model, Llama 3.1.

Persons: Elon Musk, Mark Zuckerberg, Meta, Musk, Zuckerberg, — Organizations: Meta, Service, Zuckerberg, OpenAI's, Business

☆ Massive shark is struck by boat in rare video footage
▼ + stars: | 2024-07-24 | by ( Jackie Wattles | ) edition.cnn.com time to read: +6 min

CNN —Rare footage captured by a camera strapped to the back of an endangered shark shows the jarring moment it was struck by a boat — prompting the animal to dash into deep waters and rest for hours. It’s not clear whether the massive 23-foot (7-meter) animal, known as a basking shark, ultimately survived the collision. The basking shark is a massive creature, growing up to 40 feet (12 meters) long, and is among the largest fish in the world — second only to the whale shark. But the video and study findings that came out of the incident are timely for the shark research community, noted Dr. Christopher Lowe, the director of the Shark Lab at California State University, Long Beach. Protecting basking sharksMcInturf emphasized that Ireland — and the United Kingdom — have already taken significant steps to help protect endangered basking sharks.

Persons: Alexandra McInturf, “, ” McInturf, Christopher Lowe, —, McInturf, they’re, “ I’m, ” Lowe, it’s heartening Organizations: CNN, Oregon State University, Marine Science, International Union for Conservation, California State University, Ireland Locations: Ireland, Long Beach, Southern California, United Kingdom

☆ Pfizer's gene therapy for rare genetic bleeding disorder succeeds in late-stage trial
▼ + stars: | 2024-07-24 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +2 min

Pfizer on Wednesday said its experimental gene therapy for a rare genetic blood-clotting disorder succeeded in a large late-stage trial, paving the way for a potential approval. Without enough of that protein, the blood cannot clot properly, increasing the risk of spontaneous bleeding and severe bleeding after surgery. Pfizer said its one-time treatment significantly cut the number of annual bleeding episodes in patients with moderately severe to severe hemophilia A after 15 months. If approved, Pfizer's therapy will compete with BioMarin Pharmaceutical 's one-time treatment Roctavian. BioMarin is reportedly considering whether to divest its hemophilia A therapy, which costs $2.9 million.

Persons: Andrew Leavitt, Pfizer Organizations: Pfizer, Sangamo Therapeutics, BioMarin Locations: U.S

☆ Morgan Stanley is making a rare foray into European tech with a $31 million investment into London fintech Sokin
▼ + stars: | 2024-07-24 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +1 min

Sokin has secured $31 million in strategic funding from Morgan Stanley for global expansion. Founded in 2019, Sokin specializes in remittances and multi-currency payment management. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementSokin, a London-based fintech startup, has secured $31 million as part of a strategic investment from Morgan Stanley, the companies said Wednesday. Founded in 2019, Sokin specializes in remittances, offering businesses globally the option to manage, transfer, and exchange their payments in multiple currencies through the company's platform.

Persons: Sokin, Morgan Stanley, PayPal execs, — Organizations: Investment, PayPal, Aurum Partners, Service, Business Locations: London

☆ Full Transcript of Biden’s Speech on Ending His Run for Re-election
▼ + stars: | 2024-07-24 | by ( ) www.nytimes.com time to read: +1 min

President Biden delivered remarks from the Oval Office on Wednesday on his decision to abandon his bid for re-election. The following is a transcript of his speech, as recorded by The New York Times. My fellow Americans, I’m speaking to you tonight from behind the Resolute Desk in the Oval Office. In this sacred space, I’m surrounded by portraits of extraordinary American presidents. But in the defense of democracy, which is at stake, I think it’s more important than any title.

Persons: Biden, Thomas Jefferson, George Washington, Abraham Lincoln, Franklin Roosevelt, It’s Organizations: The New York Times, Resolute Locations: America

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