•Fed Chair Kevin Warsh is expected to emphasize price stability in his first congressional testimony while avoiding firm guidance on future policy moves.
•Warsh faces pressure from lawmakers regarding inflation, the balance sheet, and his newly created policy task forces.
•Warner Bros. Discovery lawyers briefed executives on the risks of an antitrust lawsuit by state attorneys general to block the merger with Paramount Skydance.
•Scienture Holdings announced a strategic shift from a digital pharmacy marketplace to a specialty pharmaceutical company focusing on CNS and cardiovascular diseases.
•The company reported a net loss of $4.4 million for the six months ending June 30, 2024, and faces substantial doubt about its ability to continue as a going concern.
•The company may receive up to $50 million via an ELOC Purchase Agreement to fund R&D, regulatory approvals, and debt repayment.
•Pakistan’s virtual-assets regulator called for continued dialogue on digital assets after meeting an Islamic scholar who backed a ruling against crypto purchases.
