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SpaceX seeks to sell public shares

Elon Musk’s space exploration company has filed preliminary paperwork to sell shares to the public, according to two sources familiar with the filing, a blockbuster offering that would likely rank as the biggest ever and could make its founder the world’s first trillionaire. A SpaceX IPO promises to be one of the biggest Wall Street events of the year, with several investment banks lining up to help raise tens of billions to fund Musk’s ambitions to set up a base on the moon, put datacenters the size of several football fields in orbit and possibly one day send a man to Mars. The ...

US jobless aid filings fall to 202K as layoffs stay low

WASHINGTON — U.S. applications for unemployment benefits fell last week as layoffs remain sparse despite a softening labor market and rising energy costs due to the Iran war. The number of Americans applying for jobless aid for the week ending March 28 fell by 9,000 to 202,000 from the previous week’s 211,000, the Labor Department reported Thursday. That’s fewer than the 212,000 new filings analysts surveyed by the data firm FactSet were expecting and within the range of the past several years. Filings for unemployment benefits are considered representative of U.S. layoffs and ...

Stocks recover from early losses

NEW YORK — Stocks shook off an early stumble to finish with slim gains on Wall Street and close out their first winning week since the start of the Iran war. The early decline for stocks was driven by a surge in oil prices following a national address late Wednesday from President Donald Trump. He vowed the U.S. will continue to attack Iran and failed to offer a clear timetable for ending the conflict in the Middle East. Oil prices eased slightly during the day, but still remain elevated well above $100 per barrel. The S&P 500 rose 7.37 points, or 0.1%, to 6,582.69. Several days of ...

Briefcase: Kish Bank opens new loan production office

DUNCANSVILLE Kish Bank on Wednesday opened a new loan production office at 2875 Route 764, Duncansville. This strategic expansion reflects Kish Bank’s ongoing commitment to supporting business growth and strengthening financial services access throughout Blair County. The Duncansville LPO will serve as a dedicated hub for commercial lending and client engagement, offering loan closings and client meetings by appointment, ensuring a flexible and personalized experience. Kish Bank is actively evaluating opportunities to further expand its financial services footprint in Blair County, ...

Ticker: Trump unveils 100% tariff on some patented drugs

President Donald Trump has signed an executive order that could slap long-threatened pharmaceutical tariffs of up to 100% on some patented drugs from companies that don’t reach deals with his administration in the coming months. Companies that have signed a “most favored nation” pricing deal and are actively building facilities in the U.S. to onshore production of patented pharmaceuticals and their ingredients will have a 0% tariff. For those that don’t have a pricing deal but are building such projects in the U.S., a 20% tariff will apply but increase to 100% in four years. ...

Ticker: FDA grants quick OK to Eli Lilly’s weight-loss pill

U.S. health officials have approved a new weight-loss pill from Eli Lilly. The Food and Drug Administration’s decision Wednesday means patients in the United States will soon have access to a second daily oral medication to treat obesity and weight-related issues. The drug will be sold as Foundayo and it’s expected to begin shipping Monday. Stopgap measures aren’t enough to halt gas prices Global leaders have been scrambling to contain the rising cost of oil and gasoline since the start of the Iran war. President Donald Trump and other heads of state have been pulling on ...