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KKR’s Envision Weighs Handing Control to Creditors in a Bankruptcy

KKR & Co.’s Envision Healthcare Corp. is exploring a chapter 11 bankruptcy that would give control of the physician-staffing company to its creditors, WSJ Pro Bankruptcy reported. Envision is in

Rep. Maxine Waters Suggests House Needs to Start Stablecoin Bill from Scratch

Rep. Maxine Waters (D-Calif.), the top Democrat on the House Financial Services Committee, suggested during a subcommittee hearing examining stablecoin regulation on Wednesday that lawmakers may need

U.S. Economic Activity Little Changed, Fed Report Shows

U.S. economic activity was little changed in recent weeks as employment growth moderated somewhat and price increases appeared to slow, according to a Federal Reserve report published on Wednesday.

Debt Ceiling Jitters Lift US Credit Default Swaps to Highest Since 2011

Market jitters over the United States debt ceiling lifted the cost of insuring exposure to its debt to the highest level in over a decade on Thursday, while JPMorgan warned of a "non-trivial risk" of

House G.O.P. Eyes Rescinding Unspent Covid Money as Part of Its Fiscal Plan

House Republicans demanding spending cuts in exchange for raising the nation’s debt limit have rallied around a seemingly straightforward proposal: recalling billions of dollars in coronavirus relief

J&J Talc Unit Again Seeks to Halt 38,000 Cancer Lawsuits

A Johnson & Johnson subsidiary is again asking a U.S. judge to pause tens of thousands of lawsuits alleging that the company's baby powder and other talc products cause cancer, as it takes another

FTX Crypto Exchange Restart Plan Draws Possible Bid From Tribe Capital

FTX’s potential plan to reboot its crypto exchange has attracted interest from Tribe Capital, a venture firm that invested in the platform before FTX collapsed and is now considering a fresh capital

Rising Interest Rates Brought Down Reverse-Mortgage Lender

A government-backed reverse-mortgage program intended to help seniors tap their home equity ran into problems as interest rates rose, pushing one of the largest participating lenders into bankruptcy

Diamond Sports Should Be Stripped of ‘Free Lunch’, MLB Clubs Say

Diamond Sports Group LLC, the regional-sports broadcasting company, will face off today with Major League Baseball and four of its teams, which say that Diamond has been eating a “free lunch” in

Gensler Seeks More Crypto Sway as Republican Lawmakers Blast His Stance

Gary Gensler brushed off criticism from Republican lawmakers over the Securities and Exchange Commission’s aggressive stance on crypto markets and said more resources are needed to clamp down further