(Reuters) - A top U.S. banking regulator is set to propose that banks bolster recordkeeping requirements for accounts held by fintech companies on behalf of their customers, following the collapse of bank-fintech middleman Synapse Financial Technologies earlier this year, which led to the freezing of thousands of accounts. Taken together, the new requirements would ensure consumers have timely access to...

Tilray Brands, Inc. ( TLRY ) agreed to acquire a promissory note from Ontario-based Double Diamond Holdings Ltd (DDH) for $23.8 million, according to a regulatory filing. DDH is a joint venture with Aphria Inc., Tilray's direct and wholly-owned subsidiary, in Aphria Diamond. In return, Tilray issued 13,217,588 shares of its common stock at $0.0001 per share to DDH. The...

10:16 AM EDT, 09/17/2024 (MT Newswires) -- Philip Morris International ( PM ) affiliate Vectura Fertin Pharma said Tuesday it is selling its Vectura Group unit to Molex Asia Holdings for an initial cash payment of 150 million British pounds ($198 million), with potential additional payments of up to 148 million pounds. Vectura Fertin also said it has established service...

10:19 AM EDT, 09/17/2024 (MT Newswires) -- INmune Bio ( INMB ) said Tuesday that additional analysis from its AD02 phase 2 trial for Alzheimer's disease showed exceptional performance of the Early AD/MCI Alzheimer's Cognitive Composite, or EMACC, measure. The analysis revealed a highly significant correlation between baseline scores on EMACC and the Clinical Dementia Rating-Sum of Boxes, or CDR-SB,...