Digital asset infrastructure firm Paxos said Tuesday it has acquired Fordefi, a wallet provider startup, a move aimed at strengthening its custody offering as institutional adoption accelerates. The deal brings Fordefi’s multi-party computation (MPC) wallet architecture, policy controls and decentralized finance (DeFi ( DEFT )) integrations under the Paxos umbrella. The companies did not disclose the terms of the deal,...

WASHINGTON, Nov 25 (Reuters) - TikTok said Tuesday it had named former Boeing government affairs chief Ziad Ojakli as the short video app's head of public policy for the Americas as it works to complete a deal to separate its U.S. assets from its parent company. The move comes as TikTok's Chinese owner ByteDance is working to sell about an...

10:42 AM EST, 11/25/2025 (MT Newswires) -- Kohl's (KSS) improved its full-year outlook on Tuesday and sounded optimistic heading into the crucial holiday shopping season despite economic pressures that it said are weighing on consumers' purchasing power. The department store chain's adjusted earnings are now set to come in between $1.25 and $1.45 per share this fiscal year, up from...

10:42 AM EST, 11/25/2025 (MT Newswires) -- Lunai Bioworks ( LNAI ) shares were up 5% in Tuesday trading after it received a letter of intent to license its immune cell therapy, which showed complete tumor regression with no recurrence in humanized pancreatic cancer models. The company said the results follow a successful pre-IND meeting with the US Food and...