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Pharmaceutical Giant Merck Challenges Inflation Reduction Act over Medicare Drug Pricing, Calls It ‘Extortion’

By Vandana Singh
June 6, 3:03 PM
Merck & Co Inc (NYSE: MRK) has reportedly filed a lawsuit against the U.S. government to halt implementing the Medicare drug price negotiation program outlined in the Inflation Reduction Act (IRA). 

ABBV

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What’s Going On With Bank Of America Stock Tuesday

By Anusuya Lahiri
June 6, 12:42 PM
Bank Of America Corp (NYSE:BAC) and peers are trading higher Tuesday amid reports of up to 20% hike in capital…

BAC

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Gensler Slams Crypto Exchanges, Accuses Them Of Commingling Customer Funds In Wake Of SEC Lawsuits

By AJ Fabino
June 6, 10:27 AM
The SEC launched a double-edged attack on cryptocurrency giants Coinbase Global Inc (NASDAQ:COIN) and Binance this week, accusing…

COIN

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Japan’s Bold Chip Strategy: Tripling Domestic Semiconductor Sales by 2030

By Anusuya Lahiri
June 6, 9:02 AM
The Japanese government overhauled its chip strategy to triple sales of domestically produced semiconductors to over 15 trillion yen ($108…

TSM

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Cardano, Solana, Binance Token Among $115B Worth Crypto Now Labeled By SEC As Unregistered Securities

By Mehab Qureshi
June 6, 6:36 AM
The Securities and Exchange Commission (SEC) filed a lawsuit against Binance Holdings Ltd. on Monday, citing 12 coins as unregistered securities. 

$ADA

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Jim Cramer Labels Binance A ‘Sham’ Amid SEC Lawsuit, Says Crypto Investors Now Have To ‘Work In Overdrive’

By Mehab Qureshi
June 6, 5:50 AM
Jim Cramer, host of CNBC’s Mad Money, reiterated the caution he had previously expressed about the crypto market including Bitcoin (CRYPTO: BTC), which he considers

BTC

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Bitcoin Miner GoMining Reacts To Narrowly Avoiding Biden’s 30% Tax

By Justin Roberti
June 5, 6:02 PM
On May 28, U.S. lawmakers released a draft of a bill allowing the U.S. to increase its debt ceiling.

BTC

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Apple’s Upcoming VR Headset Marks Significant New Product Debut In Almost 10 Years, Regulators Want Tighter Capital Requirements For Large US Banks, Software Configuration Error at Grail Causes Cancer Misdiagnosis: Today’s Top Stories

By Vandana Singh
June 5, 9:45 AM
Wall Street Journal

AAPL

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Biden-McCarthy Bonhomie, Saudi’s Preemptive Move, Elon Musk’s Brain Pain And More: 5 Key Stories You May Have Missed From The Weekend

By Shanthi Rexaline
June 5, 8:29 AM
The weekend belonged to the ratification of the budget bill after months of bickering and this is expected…

AAPL

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Megabanks Beware: Regulatory Big Brother Wants a Tighter Leash Amid Recent Bank Failures

By Vandana Singh
June 5, 8:19 AM
U.S. regulators are reportedly gearing up to enforce stricter measures on large banks to enhance their financial stability following a series of failures among midsize banks earlier this year. 

BAC

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