Verizon Begins Layoffs Aimed at 20% Cut in Non-Union Staff

Abbott Laboratories has agreed to acquire Exact Sciences Corp., a cancer-screening company, for approximately $21 billion. The deal involves a cash payment of $105 per common share, representing a 51% premium over Exact Sciences' closing price prior to the announcement. This acquisition marks the largest healthcare deal in two years.

The rising salaries of college athletes in the US are raising concerns among investors in higher-education municipal debt. This comes five months after a settlement was approved that permits top sports colleges to compensate their student-athletes, leading to potential financial implications for university athletic budgets.

Italy’s Juventus Football Club SpA has initiated a stock sale to raise additional funds. This move aims to bolster the club's financial position amid ongoing market challenges.

Walmart Inc. has raised its full-year sales and profit outlook, indicating that the world's largest retailer is successfully attracting price-sensitive customers while managing rising costs. The company now anticipates net sales growth of 4.8% to 5.1%, surpassing its previous forecast from August. This marks the second upward revision of its outlook during the fiscal year.

Brazil's Central Bank received warnings for years regarding the risks associated with Banco Master SA, which was liquidated this week amid fraud allegations. The bank's rapid expansion and opaque asset holdings raised significant concerns about its financial practices.

Mortgage rates in the US have risen for the third consecutive week, reaching 6.26%. This increase is further straining affordability for potential homebuyers, complicating the already challenging housing market.

Mexico's sluggish economy is expected to ease inflationary pressures in the coming months, as indicated by the central bank's latest rate decision minutes. Most board members believe that the current economic conditions will help stabilize prices, despite ongoing trade uncertainties.

Federal Reserve Governor Lisa Cook emphasized the need for vigilance regarding unexpected losses in private credit and their potential impact on the broader US financial system. Her comments were made during an event at the Psaros Center for Financial Markets and Policy at Georgetown University.