Cheddar Afternoon News Briefings of June 26th

News Briefings

This is your daily news briefing from Chatter news. IBM is buying software company for $4.6 billion. That marks the seven th deal this year for IBM. And parts of its latest efforts to transform into a hybrid cloud and Artificial intelligence business pfizer will stop developing its experimental obesity and diabetes pill called this after elevated liver enzymes were found in patients who took the drug in mid stage clinical studies. The drug company says it will instead focus on its other obesity oral drug called the NRA and renters are finally seeing a bit of relief us. Median rents in May fell from last year. That's according to a realtor dot com report. The national median asking rent in May was $1739 down 0.5% from May of 2022. And that's your Chetta news update. I'm Shannon Lanier in New York.