August 3, 2023

Markets Now

Vince McMahon subpoenaed in sexual misconduct investigation

Federal law enforcement agents executed a search warrant and subpoenaed World Wrestling Entertainment executive chairman Vince McMahon last month as part of an investigation into claims of sexual misconduct, the company announced this week.  
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'Bitcoin Bonnie and Clyde' plead guilty to money laundering

A husband and wife, whose eccentricities and alleged crimes earned them the nickname “Bitcoin Bonnie and Clyde,” pleaded guilty to orchestrating a $4.5 billion money-laundering scheme linked to the 2016 hack of crypto exchange Bitfinex.  
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Woman sues drug makers of Ozempic and Mounjaro over severe gastrointestinal issues

In a lawsuit filed on Wednesday, a Louisiana woman is claiming she has suffered severe injuries due to her use of Ozempic and Mounjaro, which were prescribed by her doctor.  
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Bud Light controversy cost parent company about $395 million in lost US sales

The world’s largest brewer is counting the costs of being swept into a controversy over Bud Light in the United States.  
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Warren Buffett isn't worried about Fitch's downgrade

Warren Buffett is shrugging off Fitch Ratings’ historic downgrade of US credit from the top AAA grade to AA+.  
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Rampant DC dysfunction made America's credit downgrade inevitable

For only the second time in history, America lost its perfect rating on its long-term debt — the exact thing everyone said would happen when lawmakers decided to play chicken with the full faith and credit of the United States.  
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Source: CNN Business

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