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FILE PHOTO: Gary Gensler testifies at a Senate Banking, Housing and Urban Affairs Committee hearing on Capitol Hill July 30, 2013. REUTERS/Jose Luis Magana
WASHINGTON (Reuters) -The U.S. Senate voted 53-45 on Wednesday to confirm former derivative markets regulator Gary Gensler as head of the country’s top securities markets regulator, spelling a tougher regulatory regime for Wall Street.
Gensler is expected to be sworn in as U.S. Securities and Exchange Commission (SEC) chairman in the coming days.
A former Goldman Sachs banker and a professor at MIT Sloan School of Management, Gensler most recently led President Joe Biden’s transition plan for financial industry oversight and served under former Democratic President Barack Obama as chair of the Commodity Futures Trading Commission (CFTC).
U.S. federal health agencies on Tuesday recommended pausing the use of Johnson & Johnson's COVID-19 vaccine after six women under 50 given the shot developed rare blood clots, dealing a fresh setback to efforts to tackle the pandemic.
Air France-KLM on Tuesday launched a capital hike at 4.84 euros ($5.76) per share as part of a 4 billion-euro recapitalisation to shore up its finances amid the COVID-19 crisis.
Indian shares ended more than 1% higher on Tuesday after the government moved to fast-track approvals for foreign COVID-19 vaccines, with beaten-down financial stocks leading the gains.
Microsoft Corp said on Monday it would buy artificial intelligence and speech technology firm Nuance Communications Inc for about $16 billion, as it expands cloud solutions for healthcare customers.