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Memorial Day weekend marks the unofficial start of summer and burger season. Wayback Burgers President Patrick Conlin joined Christina Ruffini and David Gura on Bloomberg This Weekend to discuss changing consumer tastes, rising food costs, and how restaurants are preparing for one of the busiest dining seasons of the year. (Source: Bloomberg)

Eli Lilly chief scientific and product officer Daniel Skovronsky discusses FDA approval of its new oral GLP-1 drug, a $4.5B manufacturing expansion and Mounjaro becoming the world’s top-selling drug on ‘Mornings with Maria.’ Cups of minestrone soup sold at Whole Foods in 17 states and Washington, D.C. have been recalled over possible “undeclared shrimp” that could cause a life-threatening allergic reaction in certain people, according to the U.S. Food and Drug Administration.  Massachusetts-based company Kettle Cuisine decided this week to recall 24oz cups of Whole Foods Market Kitchen Minestrone Soup.The minestrone was sold in Whole Foods in Alabama, Connecticut, Washington,…

Abstract We analyze over 30 million home purchase mortgage applications from 2018–2024 using publicly available Home Mortgage Disclosure Act (HMDA) data to study the determinants of mortgage denial. We establish three primary findings. First, credit access is highly sensitive to monetary policy; the 2022–2023 tightening drove aggregate denial rates from 12.2% to 15.7% via the debt-to-income (DTI) channel. Second, we identify a critical nonlinearity in underwriting: While the 43% qualified mortgage (QM) threshold—below which lenders receive legal safe harbor from ability-to-repay claims—is non-binding in practice, denial rates jump by 15–17 percentage points at the 50% DTI mark, marking the functional…

Galaxy reportedly explored restructuring the merger through Canada after concerns grew over possible SEC opposition. BitGo and Galaxy Digital are continuing their courtroom battle over the collapse of a $1.2 billion acquisition agreement that was once expected to become the largest merger in the crypto industry. During proceedings this week in Delaware Chancery Court, BitGo argued that Galaxy backed out of the transaction in 2022 and is now seeking at least $100 million in damages, according to Bloomberg. Bitter Legal Showdown The crypto custody firm claims Galaxy failed to make reasonable efforts to complete the merger and also hid…

SpaceX is no longer just the private-market trophy asset investors could only watch from the outside. The company’s expected Nasdaq debut under the ticker SPCX has turned it into one of the most important market events of 2026. The offering is being discussed around a roughly $1.75 trillion valuation, with fundraising ambitions near $75 billion, which would make it the largest IPO in market history if completed on those terms. That alone explains the attention. But it does not answer the investment question. SpaceX is not a normal IPO. It is a launch company, a satellite broadband company, an AI infrastructure…

An updated edition of the March 25, 2026, article.Financial technology or fintech, is reshaping the global financial landscape by making financial services faster, more accessible and more customer-focused. By combining finance with advanced technologies such as artificial intelligence (AI), blockchain, Big Data and cloud computing, fintech has disrupted traditional models across banking, payments, lending and investing.One of fintech’s most significant contributions is its role in expanding financial inclusion. Digital wallets, mobile banking platforms and peer-to-peer lending services have improved access for millions of unbanked and underbanked individuals. Fintech innovation is also transforming cross-border payments, making transactions that were once slow, expensive and complex…

Key PointsNvidia’s fiscal first-quarter revenue rose 85% year over year, reaching a record $81.6 billion.Management also raised the dividend 25-fold and authorized an additional $80 billion in share repurchases.Past post-earnings dips have tended to fade as the business has continued to compound.10 stocks we like better than Nvidia ›Nvidia (NASDAQ: NVDA) reported its fiscal first-quarter results on Wednesday, and the headline numbers were the kind most companies can only dream about. The AI chipmaker beat consensus estimates on the top and bottom lines as well as on its outlook for the coming quarter. Management also unveiled an additional $80 billion…

The US cosmetics company Estée Lauder has ended talks with its Spanish rival Puig about a merger that would have created a fashion and beauty group worth almost $40bn (£30bn).Estée Lauder, one of the world’s biggest manufacturers of skincare, makeup and fragrances, owns brands including Clinique, Bobbi Brown and Tom Ford Beauty.Puig, which floated on the Madrid stock market two years ago, owns labels including Jean Paul Gaultier, Charlotte Tilbury, Carolina Herrera and Dries van Noten.Estée Lauder said on Thursday that “the parties have terminated discussions regarding a potential business combination”.The talks, first reported in March, stalled over disagreements about…

Estée Lauder ditches Puig deal, lifting shares as turnaround takes priority

SUZHOU, China — Li Chenggang, China’s international trade representative, opened the Asia-Pacific Economic Cooperation trade ministers’ meeting on Friday with a call for regional economies to “send a strong message to the world” in support of cooperation. Li said he was chairing the opening meeting in place of China’s Commerce Minister Wang Wentao, who had “urgent official business,” according to a CNBC translation of his remarks in Chinese.The trade representative role is a full minister rank. Li also serves as China’s vice commerce minister.The APEC trade ministers’ meeting, set to conclude Saturday, comes about a week after U.S. President Donald…