Category Archives for "Latest Business News"

Former Silicon Valley Bank and Signature Bank Executives Testify Before Senate Banking Committee on Banks’ Collapse

Former executives of Silicon Valley Bank and Signature Bank appeared before the Senate banking committee on May 16, 2023, to testify about the reasons behind the banks’ recent failures.[0] The hearing focused on how and why the banks collapsed, with lawmakers questioning the executives about their compensation, paychecks, and bonus payouts. The panel included former […]

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Elon Musk Names Linda Yaccarino as New CEO of Twitter: What it Means for the Platform’s Future and Advertisers

Elon Musk, the billionaire entrepreneur and CEO of Tesla, has named Linda Yaccarino as the new CEO of social media platform Twitter.[0] The move comes several months after Musk promised to step back from the role.[1] Yaccarino is a longtime media executive who was previously chairman of global advertising and partnerships at NBCUniversal.[2] Her appointment […]

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FDA Advisory Committee to Review Sarepta Therapeutics’ Gene Therapy for Duchenne Muscular Dystrophy amid Safety and Efficacy Concerns

Ahead of the upcoming US FDA advisory committee meeting, concerns have been raised about the clinical trials, manufacturing, and preclusive nature of Sarepta Therapeutics’ gene therapy for Duchenne muscular dystrophy (DMD).[0] The therapy, known as SRP-9001, is designed to address the underlying cause of DMD through the targeted production of functional components of dystrophin in […]

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