Business

Trump FDA chief is leaving after angering pharma CEOs, vaping lobbyists and anti-abortion groups

Tuesday, May 12 by SRN News

WASHINGTON (AP) - The head of the Food and Drug Administration, Dr. Marty Makary, is resigning after a rocky tenure that drew months of complaints from health industry executives, anti-abortion activists, vaping lobbyists and other allies of President Donald Trump. He steps down after just... Read More.

Blue Owl retail private credit fund inflows shrink amid investor nerves

Tuesday, May 12 by SRN News

May 12 (Reuters) - Blue Owl has seen a 95% drop in new investments at its biggest credit fund for retail investors, according to a regulatory filing, as direct lending came under rising scrutiny. The Blue Owl Credit Income fund (OCIC)... Read More.

Trump’s proposed ‘Golden Dome’ estimated to cost $1.2 trillion, far more than he initially said

Tuesday, May 12 by SRN News

WASHINGTON (AP) - President Donald Trump's plan to put weapons in space - pitched as a "Golden Dome for America" missile defense program - is estimated to cost $1.2 trillion over a 20 year period, according to a new analysis from the Congressional Budget... Read More.

Americans love their iPhones (though sometimes they wish they could live without them)

Tuesday, May 12 by SRN News

SAN FRANCISCO (AP) - The American obsession with the iPhone is complicated, as most love-hate relationships are. It sometimes seems like a talisman so magical that we can't fathom living without all the pleasures and conveniences that it bestows almost anytime or anywhere. The iPhone,... Read More.

Analysis-US credit markets defy war risks as cash drives rally

Tuesday, May 12 by SRN News

By Gertrude Chavez-Dreyfuss NEW YORK, May 12 (Reuters) - U.S. corporate bond markets are on a roll, with investment-grade credit spreads tightening, issuance rising and solid-looking economic fundamentals encouraging investors to put their cash to work. Even as the war in Iran has pushed oil prices... Read More.

Private credit funds mark investment values lower, filings show

Tuesday, May 12 by SRN News

By Patturaja Murugaboopathy May 12 (Reuters) - Some private credit funds marked the values of their investments significantly lower in the first quarter, their filings show, highlighting the pressure they face as artificial intelligence upends business models and projections for small businesses. A Reuters review... Read More.

Authorities say man struck and killed by plane at Denver airport intended to take his own life

Tuesday, May 12 by SRN News

FORT COLLINS, Colo. (AP) - A 41-year-old man struck and killed by a plane taking off at Denver International Airport was intending to end his own life when he scaled a remote fence and walked onto a runway, authorities said Tuesday. Sterling McLaren, chief medical... Read More.

Musk, Cook and other prominent US executives invited to join Trump on trip to China

Tuesday, May 12 by SRN News

Prominent U.S. executives from Big Tech to agriculture have been invited to join President Donald Trump on his trip to China this week, according to a White House official. Trumpleaves on Tuesday for Beijing to meet with President Xi Jinping. Aside from discussions about Iran,... Read More.

US hotel operators say promised boon from hosting World Cup hasn’t materialized yet

Tuesday, May 12 by SRN News

NEW YORK (AP) - The promised economic boon from the World Cup hasn't matched expectations, at least not yet, for U.S. hotels. Room bookings have been lighter than expected in most of the 11 U.S. cities hosting the world's most watched sporting event, according to... Read More.

Ministers take office in Hungary’s first non-Orbán government in 16 years

Tuesday, May 12 by SRN News

BUDAPEST, Hungary (AP) - The Hungarian government's new Cabinet was sworn into office on Tuesday, marking the final transfer of power from the former administration of Viktor Orbán to a new center-right government led by Prime Minister Péter Magyar. The swearing-in of the 16... Read More.

Current Weather

Trump FDA chief is leaving after angering pharma CEOs, vaping lobbyists and anti-abortion groups

Blue Owl retail private credit fund inflows shrink amid investor nerves

Trump’s proposed ‘Golden Dome’ estimated to cost $1.2 trillion, far more than he initially said

Americans love their iPhones (though sometimes they wish they could live without them)

Analysis-US credit markets defy war risks as cash drives rally

Private credit funds mark investment values lower, filings show

Authorities say man struck and killed by plane at Denver airport intended to take his own life

Musk, Cook and other prominent US executives invited to join Trump on trip to China

US hotel operators say promised boon from hosting World Cup hasn’t materialized yet

Ministers take office in Hungary’s first non-Orbán government in 16 years

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