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Elon Musk, Tesla, and Warner Bros. Discovery are facing a lawsuit from Alcon Entertainment for allegedly using AI-generated images from "Blade Runner 2049" to promote Tesla's Cybercab concept, despite a denied request for permission. The suit claims this constitutes copyright infringement and false endorsement, highlighting concerns over Musk's controversial public persona potentially affecting brand partnerships. Alcon seeks damages, citing significant financial impact and a desire to avoid association with Musk's political views.
A national survey reveals over 90% of independent pharmacies may not stock drugs targeted for price negotiations under Medicare Part D, jeopardizing the administration's efforts to lower prescription costs. With low reimbursements from pharmacy benefit managers, many pharmacists are reconsidering their participation in the program, which accounts for about 35% of their business. The Medicare Drug Price Negotiation Program is set to begin in January 2026, potentially saving Medicare beneficiaries $1.5 billion in out-of-pocket costs.
Billionaire Marc Lasry has filed a lawsuit against former employee Gina Strum, accusing her of attempting to extort $50 million by threatening to disseminate false information about him and his firm, Avenue Capital Group. Strum, who worked in business development for four years, allegedly warned that the situation could become "really, really ugly" unless she received a payout. Lasry's suit was filed in New York state court, with his sister Sonia Gardner also named as a co-plaintiff.
The US economy shows signs of slowing, prompting the Fed to cut rates by 50bp, with expectations for further cuts in 2024. In Europe, the ECB's recent rate cut reflects weak growth and inflation progress, while China’s stimulus measures aim to stabilize growth amid economic challenges. Investment opportunities arise in high-quality credit and emerging markets, particularly in Asia, as monetary easing continues globally.
21:02 21.10.2024
Lucid Motors raised approximately $1.75 billion through a public offering, a move CEO Peter Rawlinson described as strategic to secure capital for growth and avoid a "going concern" disclosure. Despite having over $5 billion in liquidity, analysts viewed the timing as premature, leading to an 18% drop in shares. Rawlinson emphasized the importance of this capital for ongoing investments, including expanding production and launching new models.
The US economy shows signs of slowing, prompting the Fed to cut rates by 50bp, with expectations for further cuts in 2024. In Europe, the ECB's recent rate cut reflects weak growth and inflation trends, while China’s stimulus measures aim to stabilize its economy and support a 5% GDP growth target for 2024. Investment opportunities arise in high-quality credit and emerging markets, particularly in Asia, as monetary easing continues globally.
21:02 21.10.2024
The US economy shows signs of slowing, prompting the Fed to cut rates by 50bp, with expectations for further cuts in 2024. In Europe, the ECB's easing reflects weak growth and inflation, while China’s recent stimulus aims to stabilize its economy and achieve 5% GDP growth for 2024. Investment opportunities arise in high-quality credits and emerging markets, particularly in Asia, as monetary policies become less restrictive.
21:02 21.10.2024
The US economy shows signs of slowing, prompting the Fed to cut rates by 50bp, with expectations for further cuts in 2024. In Europe, the ECB's recent rate cut reflects weak growth and inflation progress, while China’s stimulus measures aim to stabilize growth amid economic challenges. Investment opportunities arise in high-quality credit and emerging markets, particularly in Asia, as monetary easing continues globally.
21:02 21.10.2024
The US economy shows strength despite labor market weaknesses, prompting a 50bp Fed rate cut, with expectations for further cuts in 2024. In Europe, the ECB's easing reflects weak growth and inflation, while China's recent stimulus aims to stabilize its economy and achieve 5% GDP growth for 2024. Investment opportunities arise in high-quality credit and emerging markets, particularly in Asia, as monetary policies become less restrictive.
21:02 21.10.2024
The US economy shows signs of slowing, prompting the Fed to cut rates by 50bp, with expectations for further cuts in 2024. In Europe, the ECB's recent rate cut reflects weak growth and inflation trends, while China’s stimulus measures aim to stabilize its economy and achieve 5% GDP growth in 2024. Investment opportunities arise in high-quality credits and emerging markets, particularly in Asia, as monetary easing continues globally.
21:02 21.10.2024
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