China’s Xi to reportedly meet Bill Gates this week

Bill Gates, the co-chairman of the Bill and Melinda Gates Foundation, attended the EEI 2023 event in Austin, Texas, USA, on Monday, June 12, 2023. Bloomberg | Bloomberg | Getty Images Microsoft’s co-founder Bill Gates will meet Chinese President Xi Jinping on Friday, according to a report by Reuters, citing two sources familiar with the …

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The Transformation of Charles Schwab into a Financial ‘Supermarket’

Charles Schwab Corp. is the largest publicly traded brokerage business in the United States with $7.5 trillion of client assets. It is also a leading financial service provider for advisors, a top asset manager for exchange-traded funds, and one of the largest banks. According to Michael Wong, the Director of North American Equity Research and …

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Senate Democrats assert pressure on PayPal, Venmo, and Cash App to address fraud concerns

Senate Democrats have called on PayPal and Cash App to enhance user protection measures on their peer-to-peer payment apps in order to combat fraud. Senators Sherrod Brown, Elizabeth Warren, Jack Reed, and Bob Menendez have specifically requested detailed information on fraud detection and prevention methods from Venmo, owned by PayPal, and Cash App, owned by …

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Mandy Cohen Selected by Biden to Head the CDC

Dr. Mandy Cohen delivers a news conference at the Emergency Operations Center in Raleigh, North Carolina, on November 10, 2021. Bryan Anderson | AP President Joe Biden announced on Friday that he will appoint Dr. Mandy Cohen to lead the Centers for Disease Control and Prevention (CDC). During the height of the Covid-19 pandemic, Cohen …

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FTC Chair Lina Khan declines to abstain from Meta case

FTC Chairwoman Lina Khan testified before the House Energy and Commerce Subcommittee on Innovation, Data, and Commerce in a hearing titled “Oversight of the Securities and Exchange Commission” held at the Rayburn Building on Tuesday, April 18, 2023. Image Source: Tom Williams | Cq-roll Call, Inc. | Getty Images WASHINGTON — According to internal documents …

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Democrats urge Walmart, Costco, Kroger to address concerns regarding mifepristone

House Democrats have called on major retail pharmacies, including Walmart, Costco, Kroger, Safeway, and Health Mart, to publicly commit to selling the prescription abortion pill mifepristone at their retail pharmacies. Currently, pending lawsuits have put mifepristone’s approval in the US at risk, even though it is the most common method for terminating pregnancy in the …

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DOJ Urged by Democrats to Investigate Merger of PGA Tour and LIV Golf

Two prominent Senate Democrats, Sens. Elizabeth Warren of Massachusetts and Ron Wyden of Oregon, known for their focus on business and antitrust matters, have called for a Justice Department investigation into the merger agreement between the PGA Tour and Saudi-funded LIV Golf. In a letter addressed to Attorney General Merrick Garland and the DOJ’s antitrust …

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The Significance of the Federal Reserve’s Rate-Hike Pause on Your Finances

After more than a year of consistently increasing rates, the Federal Reserve decided to maintain its target federal funds rate on Wednesday. However, this offers little relief for households who continue to face high borrowing costs. Economist Tomas Philipson predicts that rates will not decrease and, in fact, borrowing costs are likely to climb even …

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