By Summer Zhen HONG KONG (Reuters) – Steven Cohen’s Point72 Asset Management’s new artificial intelligence (AI)-focused fund posted a 14% gain after launching just three months ago, growing the fund to nearly $1.5 billion, according to sources familiar with the matter. Point72

(Reuters) – Bank of America reported higher profit on Thursday as its investment bankers capitalized on resurgence in dealmaking in the fourth quarter. The second-largest U.S. lender’s net income rose to $6.7 billion, or 82 cents per share, it said on

By Suzanne McGee (Reuters) – Capital Group on Thursday launched its first exchange-traded fund designed to track small and mid-cap U.S. stocks, a segment of the ETF market where new fund launches remain relatively rare. Of the more than $10 trillion in

By Deena Beasley SAN FRANCISCO (Reuters) – The pharmaceutical industry, grappling with new government limits on drug prices, is focusing its requests for president-elect Donald Trump and Congress on “fixing” a Biden-era law allowing the Medicare health plan to negotiate prices

Investing.com — Geberit AG shares declined Thursday after the Swiss plumbing products company reported mixed earnings for 2024. Despite achieving a 2.5% currency-adjusted increase in net sales, the firm highlighted several challenges. The company revealed that net sales in Swiss francs remained