New York City faces a $12.6 billion budget shortfall over two years. The proposed pied-à-terre tax targets owners of expensive properties who live outside the city, expected to raise about $500 million annually. While this tax provides some revenue, it covers less than 5% of the deficit and is not a complete solution. The city plans to use a mix of state aid, pension changes, and one-time measures to address the gap, but long-term fiscal challenges remain.
Immunocore announced updated Phase 1/2 data for brenetafusp in heavily pretreated advanced melanoma patients, showing a 6-month overall survival rate of 87% and a disease control rate of 52%. The 160 mcg dose demonstrated better clinical outcomes and...
Apple's stock surged 15% in May, driven by optimism around its future in AI, particularly the potential of 'agentic smartphones.' Bank of America raised Apple's price target to $380, highlighting this AI opportunity as a key growth driver. Meanwhile,...
Victoria Hanrahan, a senior executive at Nokia, acquired a total of 44,682 Nokia shares on May 26 and May 28, 2026. The shares were purchased on the New York Stock Exchange at average prices of $16.02 and $15.60 respectively, with a combined average ...
Victoria Hanrahan, a senior manager at Nokia Corporation, purchased a total of 44,682 shares on May 26 and May 28, 2026. The shares were acquired on the New York Stock Exchange at an average price of $15.81 per share. This transaction signals confide...
Flare Network co-founder Hugo Philion highlights XRP's expanding role beyond payments, emphasizing its potential as a collateral asset in decentralized finance (DeFi). Through Flare, XRP can be wrapped into FXRP, enabling its use in smart contracts a...
