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Kennedy Center on brink of bankruptcy, could close as early as Tuesday, Washington Post reports

Kennedy Center on brink of bankruptcy, could close as early as Tuesday, Washington Post reports

Sept 13 (Reuters) - Leaders of the John F. Kennedy Center for the Performing Arts say it is on the brink of bankruptcy and could close as early as Tuesday, the Washington Post reported on Sunday.  The leaders, installed by U.S.
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Electra Therapeutics targets $977.6 million valuation in US IPO

Electra Therapeutics targets $977.6 million valuation in US IPO

Sept 14 (Reuters) - Drug developer Electra Therapeutics is targeting a valuation of up to $977.6 million in its U.S. initial public offering, according to a filing on Monday, extending a comeback in biotech listings this year.
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Global AI stocks fall as industry chiefs call for slowing development

Global AI stocks fall as industry chiefs call for slowing development

By Gregor Stuart Hunter and Johann M Cherian Sept 14 (Reuters) - AI-linked stocks across the globe plunged on Monday after leaders of the biggest AI companies warned of risks from rapid development, the starkest threat yet to the billions of dollars being poured into the industry that have pushed
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Analysis-Defense, space firms turn to SPACs as investor appetite soars

Analysis-Defense, space firms turn to SPACs as investor appetite soars

By Prakhar Srivastava and Pragyan Kalita Sept 14 (Reuters) - Early-stage defense and space companies are increasingly seeking to go public through backdoor listings this year, drawn by the appeal of flexible capital and a faster route to market at a time of surging investor interest in the industry.
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Wall St falls as AI anxiety batters Nvidia, chipmakers

Wall St falls as AI anxiety batters Nvidia, chipmakers

By Niket Nishant and Tharuniyaa Lakshmi Sept 14 (Reuters) - Wall Street's main indexes fell on Monday, pummeled by a selloff in heavyweight AI stocks after top U.S. executives raised safety concerns and called for slowing the development of artificial-intelligence capabilities.
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Fed's table is set for a rate hike, a first under Warsh

Fed's table is set for a rate hike, a first under Warsh

By Ann Saphir and Michael S.
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FDA Approves Simtriyo, a New ADHD Medication for Adults and Children Aged 6 and Older

FDA Approves Simtriyo, a New ADHD Medication for Adults and Children Aged 6 and Older

The U.S. Food and Drug Administration (FDA) has approved Simtriyo (centanafadine), a new once-daily extended-release capsule for the treatment of attention-deficit/hyperactivity disorder (ADHD) in adults and children aged 6 and older. Simtriyo is classified as a central nervous system stimulant but operates differently from traditional ADHD stimulants by acting on three neurotransmitters: dopamine, norepinephrine, and serotonin. Traditional stimulants primarily target dopamine and norepinephrine, while serotonin is involved in mood and emotional processing. Clinical trials demonstrated that Simtriyo improved core ADHD symptoms, though it has not been directly compared to other ADHD medications. The drug's manufacturer, Otsuka, suggests Simtriyo may help with emotional dysregulation and executive function, benefits that were observed in exploratory post hoc analyses of trial data. Simtriyo is not yet commercially available as it awaits controlled substance scheduling by the U.S. Drug Enforcement Administrat...
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S&P 500 ends higher as strong inflation data cements rate-hike bets

S&P 500 ends higher as strong inflation data cements rate-hike bets

By Noel Randewich Sept 11 (Reuters) - Wall Street ended higher on Friday as oil prices retreated and strong consumer price data reinforced expectations the Federal Reserve will raise interest rates next week to fight inflation. AI server maker Dell soared 12% to a record high.
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Wall Street rallies as strong inflation data cements rate-hike bets

Wall Street rallies as strong inflation data cements rate-hike bets

By Noel Randewich and Tharuniyaa Lakshmi Sept 11 (Reuters) - Wall Street rallied on Friday as oil prices retreated and strong consumer price data reinforced expectations the Federal Reserve will raise interest rates next week to fight inflation. Dell soared 11% to a record high.
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U.S. Rep. Buddy Carter Considered for FDA Commissioner Role, White House Selects Heidi Overton

U.S. Rep. Buddy Carter Considered for FDA Commissioner Role, White House Selects Heidi Overton

U.S. Rep. Buddy Carter (R-Ga.) was reportedly in consideration for the position of permanent FDA Commissioner. However, recent reports indicate that President Trump has instead selected White House policy aide Heidi Overton for the role. Carter, a licensed pharmacist who previously owned his own pharmacy, is set to leave Congress at the end of his current term after losing his state’s Republican primary. The search for a permanent FDA commissioner has seen several developments, with Overton's nomination now proceeding to the Senate HELP Committee for confirmation. Acting Commissioner Kyle Diamantas can continue in his role until early December under the Vacancies Act, with his term extending upon the formal submission of a nominee by the White House. The FDA's leadership structure is expected to undergo significant changes by early 2027, with new deputy commissioner roles also being planned.
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Afghan woman deported from US in first use of secretive terrorism court

Afghan woman deported from US in first use of secretive terrorism court

By Nate Raymond Sept 11 (Reuters) - An Afghan woman accused of supporting the Islamic State has been deported from the United States in the first case to be pursued by the U.S. Department of Justice through a little-known court created 30 years ago to deport "alien terrorists."
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Exclusive-White House weighs how to use Defense Production Act to expand US oil refining capacity, sources say

Exclusive-White House weighs how to use Defense Production Act to expand US oil refining capacity, sources say

By Jarrett Renshaw Sept 11 (Reuters) - The White House is weighing how to use the Defense Production Act to expand U.S. oil refining capacity as the conflict with Iran exposes the country's vulnerability to global crude supply disruptions and price spikes, according to two sources familiar with the