IBT Staff Reporter

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Some Hedge Funds Face Steep Losses After Betting On Hot Sectors

Hedge fund investors are bracing for a river of red ink as firms begin reporting returns for May when the stock market hovered near bear territory on disappointing earnings and worries about aggressive rate hikes, investors and fund managers said on Thursday.

Biden Says 'Enough!' On Gun Violence, Urges Congress To Act

Declaring "Enough, enough!" U.S. President Joe Biden on Thursday urged Congress to ban assault weapons, expand background checks and implement other sensible gun control measures to address a string of mass shootings that have struck the United States.

Concern Grows That Human Medical Waste Implicated In Virus Spillovers

There is some concern among health experts that monkeypox and other infectious diseases could be transmitted to animals via human medical waste as cases of the virus surge outside of Africa, the president of the World Organization for Animal Health working group on wildlife said on Thursday.

U.S. Targets Yachts, Cellist Linked To Putin Over Russia's War In Ukraine

The Biden administration on Thursday issued a raft of new sanctions aimed at punishing Russia for its invasion of Ukraine, with targets including several yachts linked to Russian President Vladimir Putin, an oligarch who heads a major steel producer, and a cellist it says acts as a middleman for the Russian leader.

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