The Federal Reserve is developing new supervisory guidelines to support the safe adoption of artificial intelligence (AI) in banking, emphasizing the need to balance innovation with security. Vice Chair Michelle Bowman highlighted the rapid advancement of AI capabilities, such as Anthropic's Mythos model, which can detect cyber vulnerabilities but also pose risks if misused. Regulators aim to update their frameworks, coordinate across agencies, and engage with the industry to manage emerging AI risks effectively. A report on sound AI practices in finance is expected in the third quarter, reflecting the broader impact of AI beyond banking.
The 32nd Global Family Office Investment Summit in Lake Como gathered over 200 family office leaders, investors, and entrepreneurs from 27 countries to discuss emerging trends in AI, private equity, healthcare innovation, and global investment opport...
Bath & Body Works introduced Fruit Fusion, a new body care franchise featuring fruit-inspired scents and hydrating formulas, available in the U.S. and Canada starting July 6, 2026. Actress Hilary Duff serves as the brand ambassador and creative partn...
Prestige Consumer Healthcare completed the acquisition of Australian therapeutic skin care company LaCorium Health for approximately $150 million in cash on July 1, 2026. LaCorium, known for brands like Dermal Therapy and Flexitol, generates about $4...
GuideAI Health Corp. has appointed Dr. James F. Benenati, a leading interventional radiologist, to its Advisory Board following FDA 510(k) clearance of its AI software, VascularAssist Occlusion Triage (VAOT). VAOT is designed to help radiologists pri...
Diginex Limited has agreed with Resulticks to extend the deadline for their acquisition deal to July 31, 2026, after securing firm funding intent from private investors. The company does not plan to seek public funding and expects this to be the fina...
