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Family offices back health care and biotech startups in August

Stanley Druckenmiller at CNBC’s Delivering Alpha on Sept. 28, 2022. Scott Mlyn | CNBC A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Investment firms of ultra-wealthy families are helping fuel the […]

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NBA suspends Clippers owner Ballmer for one year in Kawhi Leonard salary cap probe

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Owner Steve Ballmer of the Los Angeles Clippers looks on during the game against the Detroit Pistons at Intuit Dome on Dec. 28, 2025 in Inglewood, California. Katelyn Mulcahy | Getty Images The NBA on Wednesday said it had suspended Los Angeles Clippers owner Steve Ballmer for one year as part of a broad array

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Ford sales fall 10.3% in August as it ramps up F-Series production

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Ford F-150 trucks are assembled at the Ford River Rouge Complex on Jan. 13, 2026 in Dearborn, Michigan. Anna Moneymaker | Getty Images DETROIT — Ford Motor said Wednesday it’s continuing to increase production of its crucial F-Series full-size pickup trucks after fires at an aluminum supplier severely impacted output over the past year. The

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American Airlines redesigns Boeing planes in premium push

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American Airlines seat in its Flagship Suite. Courtesy: American Airlines American Airlines is expanding its push into premium travel on its largest planes. The carrier on Wednesday launched its first retrofitted Boeing 777-300ER, which it uses for its most popular long-haul international flights, including routes to London, Tokyo and Sydney. The new layout on the

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Stan Kroenke buys controlling stake in MLB’s Los Angeles Angels

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Owner Stan Kroenke of the Denver Nuggets stands on the court before game four of the Nuggets’ NBA Playoffs series against the Minnesota Timberwolves at the Target Center in Minneapolis, Minnesota on Saturday, April 25, 2026. Aaron Ontiveroz | Denver Post | Getty Images Stan Kroenke has added a Major League Baseball team to his

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How one investor is playing the school year

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Aerial over the University of North Carolina-Chapel Hill Ryan Herron | Istock | Getty Images A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors

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TikTok, Whatnot livestream shopping gains steam in the U.S.

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From a warehouse just north of Chicago, Sarah Potempa – celebrity hairstylist and CEO of the viral Beachwaver hair curling iron – keeps thousands of viewers hooked for hours selling products on TikTok live. This kind of livestream shopping, which has boomed in China over the past decade, is building momentum in the U.S. thanks

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Trump strikes new drug pricing deals with nine midsized drugmakers

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U.S. President Donald Trump delivers remarks on his administration’s healthcare policies, in the Oval Office at the White House in Washington, D.C., U.S., Aug. 31, 2026. Evelyn Hockstein | Reuters President Donald Trump on Monday said he struck new drug pricing deals with nine drugmakers to voluntarily sell their medications for less, building on his

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Manhattan rental market is booming, with $100,000-a-month apartments

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A luxury home in Tribeca that is being offered privately for rent at $175,000 a month. Credit: Laura Klein, Bespoke Real Estate A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. A

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How Walmart, Home Depot, Target are using Trump tariff refunds

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A Target store in Los Angeles, California, Aug. 19, 2026. Justin Sullivan | Getty Images Tariff refunds have muddied retailers’ earnings reports in recent weeks as Wall Street struggles to parse through the confusion. Most major retailers applied for refunds after the Supreme Court ruled in February that the International Emergency Economic Powers Act did

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