Addiction treatment centers across the United States are reporting a sharp increase in patients seeking help for dependence on kratom and, increasingly, highly concentrated products containing 7-hydroxymitragynine, or 7-OH. Kratom comes from the leaves of a tree native to Southeast Asia and has been available in the United States for...
Pablo Ferrer Saez and Capital Street Are Bringing Institutional-Level Market Expertise to a Wider Audience
As artificial intelligence continues to reshape the financial sector, veteran market professional Pablo Ferrer Saez is betting that the future of investing will be defined by a combination of technology, experience and greater accessibility. Ferrer Saez, founder of Capital Street, has spent more than 20 years working in financial markets,...
California’s Insurance Crisis Spreads Beyond Wildfire Zones as Homeowners Run Out of Options
California’s property insurance crisis is expanding beyond the mountainous and heavily wooded communities traditionally considered most vulnerable to wildfires, leaving homeowners in relatively low-risk suburban neighborhoods struggling to obtain conventional coverage. An analysis of insurance data found that major insurers are increasingly declining to write policies across large portions of...
Telix Makes $2.35 Billion Bet on ITM to Build a Global Powerhouse in Cancer Radiopharmaceuticals
Telix Pharmaceuticals has agreed to merge with Germany’s ITM Isotope Technologies Munich in a transaction potentially worth $2.35 billion, a major expansion designed to strengthen Telix’s position in the rapidly growing market for radioactive medicines used to diagnose and treat cancer. The combination brings together two complementary businesses. Australia-based Telix...
Trump Transforms U.S. Refugee Office Into a $410 Million Global Deportation Network
The Trump administration has dramatically transformed a State Department bureau historically dedicated to refugees and humanitarian assistance into a central component of its immigration enforcement strategy, building a global network of agreements that allows the United States to deport migrants to countries where they have never lived. At the center...
Trump Creates New ‘AI Force’ as Tech Leaders Warn Washington About the Risks of an Uncontrolled Race
President Donald Trump has announced plans to create a new federal “AI Force” and appoint an artificial-intelligence czar, responding to intensifying debate inside the technology industry and his own administration over how the United States should manage increasingly powerful AI systems. Trump compared the proposed organization with the Space Force...
Jane Street’s $15 Billion Loss Triggers New Scrutiny of Wall Street’s Hidden Trading Risks
The U.S. Federal Reserve and the Bank of England are reportedly intensifying scrutiny of global banks’ exposure to major trading firms after extraordinary market turmoil left Jane Street with losses of roughly $15 billion in July. The regulatory attention follows the near-collapse of Situational Awareness, an artificial-intelligence-focused hedge fund managed...
From Sports Analytics to Venture Capital: AJ Gunasena Expands His Las Vegas Business Enterprise
For entrepreneur AJ Gunasena, building a business has never been about staying inside one industry. The Las Vegas-based founder of BETWITHAJ™ has spent years developing a portfolio that now reaches across venture capital, sports analytics, private real estate lending, media, and strategic brand development. His approach is built on the...
Walmart reports mixed results as gas prices drag on US sales growth
Walmart reported mixed results Thursday, topping analyst estimates but experiencing slower US sales growth as consumers contended with lofty gasoline prices due to the US-Iran war. The giant US retailer steered much of the benefit from US tariff refunds towards investments to attract inflation-strapped customers, who faced gasoline prices above...
Chip titan SK hynix to set price for mega US listing
South Korean chip giant SK hynix is expected on Thursday to set the price for its mega US listing that could be one of the world’s largest stock sales. As governments and tech firms race to build data centres to train and run artificial intelligence, SK hynix — a supplier...