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Abbott to Pay $384.99 Million to Settle False Claims Act Case Over Sturgis and Casa Grande Infant Formula
Abbott will pay $384,999,040 to settle False Claims Act allegations that infant formula made at its Sturgis and Casa Grande plants was sold to federal and state health programs out of compliance with requirements, the DOJ said.
10-Year Treasury Yield Briefly Tops 5% for First Time Since 2023, Two Days Before Fed Decision
The 10-year Treasury yield touched 5% on Monday, its highest since October 2023, two days before the Fed's rate decision, as mortgage rates climbed and strategists debated the drivers of the bond selloff.
Anthropic Tells Investors It Expects Second Straight Profitable Quarter as It Picks Nasdaq for IPO
Anthropic told a small group of shareholders it expects a second consecutive quarter of positive adjusted operating income as it selects Nasdaq for a planned IPO that could carry a $2 trillion valuation, per FT reporting relayed by CNBC, TradingView and others.
Baldwin Group to Be Taken Private by Michael Dell's DFO Management and Sequence Holdings in $7.7 Billion Cash Deal
Seeking Alpha reports Baldwin Group agreed to a $32.50-a-share, roughly $7.7 billion all-cash take-private deal with DFO Management and Sequence Holdings; Yahoo Finance earlier reported advanced talks at the same price.
AI and Chip Stocks Slide After Amodei Urges Slower Frontier AI Development, With Altman and Musk Backing Him
AI and chip stocks fell in Monday premarket trading after Anthropic CEO Dario Amodei called for slowing frontier AI capability gains, with Sam Altman and Elon Musk backing the call; here's what moved and what analysts said.
airBaltic Files Chapter 11 With €350 Million DIP Commitment, Targets June 2027 Exit
airBaltic has entered US Chapter 11 with a €350 million DIP financing commitment, targeting an exit by roughly June 2027 while flights, ticket sales and partner operations continue, per Dienas Bizness.
IRGC Claims Downing of U.S. MQ-1 Drone Over Strait of Hormuz; No U.S. Confirmation Reported as Oil Tops $100
Iran's IRGC claims it shot down a U.S. MQ-1 drone over the Strait of Hormuz; no U.S. confirmation was reported. Oil benchmarks rose past $100 a barrel as Oman shipping talks stalled.
GE HealthCare in Advanced Talks to Buy PET Radiopharmaceutical Maker Sofie Biosciences for About $1 Billion, FT Reports
GE HealthCare is reportedly in advanced talks to buy PET radiopharmaceutical developer Sofie Biosciences for about $1 billion, per the Financial Times. Neither company has commented.
Trump Calls on Zelenskyy to Halt Strikes on Russian Diesel Sites, Citing Fuel Shortages
Trump publicly asked Zelenskyy to halt strikes on Russian diesel facilities over fuel shortages, a shift from his July remarks calling the campaign a potentially war-ending escalation; Kyiv's response is unconfirmed.
Boeing and SPEEA Reach Revised Four-Year Tentative Deal With 10% Raise Set for Oct. 16 If Approved
Boeing and SPEEA's negotiating team reached a tentative four-year deal with a 10% wage increase effective Oct. 16 if approved, replacing a rejected 3% first offer, ahead of an Oct. 6 contract deadline.
Nvidia in Talks to Anchor Anthropic's Potential $100 Billion IPO, Reuters Reports
Reuters reports Nvidia is in talks to be an anchor investor, of up to $10 billion, in a potential Anthropic IPO that could raise up to $100 billion at a roughly $2 trillion valuation, with the listing expected before November's U.S. midterms.
GameStop CEO Ryan Cohen Buys 1 Million Shares for About $20.3 Million
GameStop CEO Ryan Cohen bought 1 million shares for about $20.3 million at an average $20.375 apiece, lifting his direct stake to 39.347 million shares, according to SEC filing reporting from CNBC and Investors.com.
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