Sagimet Biosciences at Cantor conference: acne drug push gains traction

The company’s backlog has reached $95 billion as demand accelerates for its AI servers

Artificial intelligence (AI) has become part of financial planning, with tools capable of analysing information, generating projections, supporting risk profiling and helping professionals handle routine tasks. As its capabilities expand, AI is beginning to take on some of the work traditionally done by financial planners.   But financial planning is just analysing numbers or suggesting…

A pool of mortgages, a majority of which are designated as non-qualified, will secure $228.2 million in residential mortgage-backed securities (RMBS) from Angel Oak Mortgage Trust, series 2026-5. Processing Content Known as AOMT 2026-5, the deal will issue the $228.2 million through a series of 10 class A, M and B notes, which all have…

Google pulled a new AI image-editing feature from Google Earth less than 24 hours after launch. The company launched the function on Thursday, allowing Gemini’s Nano Banana 2 image model to access Google Earth and transform locations with text prompts. The function, however, quickly got out of hand. AI researcher Henk van Ess, for example,…

India cannot rely on bank balance sheets alone to finance the scale and diversity of investment required to become a developed economy by 2047, said Rohit Jain, deputy governor, Reserve Bank of India (RBI), underscoring the need for deeper corporate bond, foreign exchange and derivatives markets.   “India has traditionally relied on a…

Third-party logistics provider Highline Commerce is expanding its industrial footprint at Brooklyn’s Industry City for the second time in four years, Commercial Observer has learned. Highline’s lease renewal at 67 34th Street in Brooklyn’s Sunset Park neighborhood tacked on another 18,000 square feet to its warehouse space. The five-year deal rounds out the company’s total…