Alphabet soars as Wall Street cheers arrival of AI model Gemini
Alphabet shares ended 5.3% higher on Thursday as Wall Street cheered the launch of Gemini, saying the new AI model could help narrow the gap in a race with Microsoft-backed OpenAI.
Bitcoin rises above $42,000 for first time since April 2022
Bitcoin rose to $42,162 on Monday in a new surge fueled by interest rate cut expectations and traders betting that U.S. regulators will soon approve exchange-traded spot bitcoin funds.
WA school employees sue Monsanto for $165 million over toxic contamination leaked from light fixtures
Bayer's Monsanto must pay $165 million to school employees near Seattle who claim harm from exposure to chemicals in the company's light fixtures, as ruled by a U.S. jury.
Biden activates Cold War-era measure to strengthen medicine manufacturing
President Joe Biden is set to use a Cold War-era measure to enhance U.S. manufacturing of essential medicines and medical supplies, deeming them crucial for national defense.
Putin allows foreigners to exchange frozen funds for blocked Russian assets abroad
Foreign investors with funds frozen in Russia can now buy blocked assets of Russians abroad in light of a decree signed by Putin on Wednesday.
Biden to meet with UAW president, tout Stellantis plant reopening
President Biden plans to meet with union boss Shawn Fain on Thursday, following a labor deal in which the Detroit Three will agree to a 25% pay hike, as well as improved retirement packages.
Toyota recalls nearly 2 million RAV4 vehicles over battery fire risk
Toyota Motor announced Wednesday the recall of 1.85 million RAV4 SUVs in the U.S. over fire risks reportedly posed by replacement batteries.
Disney to buy remaining third of Hulu from Comcast
Walt Disney on Wednesday began its formal acquisition of Comcast's one-third stake in Hulu, which would result in Disney's full ownership of the streaming service.
Sanofi and Janssen join forces to develop E.coli vaccine, with Sanofi's $175M upfront payment
Sanofi revealed Tuesday that it had entered into an agreement with Janssen for the joint development and marketing of a vaccine candidate targeting extra-intestinal pathogenic E.coli.
Visa launches $100M fund for startups in generative AI
Visa has introduced a $100 million investment fund dedicated to nurturing startups working in the field of generative artificial intelligence (AI).
FDA approves Novo Nordisk's Rivfloza therapy for rare kidney condition
On Monday, Novo Nordisk announced that its therapy for treating a rare genetic kidney condition has received approval from the U.S. Food and Drug Administration.
China urges US to reconsider rules on investment in tech sector
China's trade council has formally requested the United States to reconsider regulations that restrict U.S. investments in China's technology sector.
Newell Brands and former CEO settle SEC charges over misleading sales reporting
The U.S. Securities and Exchange Commission (SEC) has charged Newell Brands and its former CEO, Michael Polk, with misleading investors regarding sales.
US Supreme Court to decide on shareholder fraud lawsuit against Macquarie
The U.S. Supreme Court agreed to review whether shareholders have the right to file fraud lawsuits against companies for failing to disclose significant trends affecting their performance.
Mexican auto industry urges collaboration with US to address border migration and trade crisis
The Mexican Automotive Industry Association (AMIA) has called on Mexican authorities to collaborate with the United States to address the "migration crisis" on the shared border.
US new-vehicle sales poised for 13% year-over-year growth in September, Cox Automotive reports
New-vehicle sales in the U.S. are on track for an increase over this time last year thanks to sustained consumer demand, as reported by Cox Automotive.
Abbott India warns of potential laxative syrup shortages amid production halt
Abbott Laboratories' Indian unit has cautioned about potential shortages of two popular laxative syrups, Cremaffin and Duphalac, due to a production halt in India's Goa state.
Superdrug pharmacy chain ends sale of single-use vapes citing environmental concerns and youth appeal
British pharmacy chain Superdrug made the decision to discontinue the sale of single-use vapes, citing concerns about the environmental impact associated with their disposal.
GE HealthCare gets $44M-plus grant from Bill & Melinda Gates Foundation
GE HealthCare Technologies Inc announced on Monday that it has secured a grant exceeding $44 million from the Bill & Melinda Gates Foundation.
Novo Nordisk shares fall after media report on quality lapses at US plant
Novo Nordisk, a pharmaceutical company, experienced a decline in its stock prices following a report by financial news agency MarketWire.