Month: August 2023
Novo Nordisk to acquire obesity drug maker Inversago Pharma for up to $1 billion
Liselotte Sabroe | Afp | Getty Images Novo Nordisk on Thursday said it will acquire Inversago Pharma, a privately held obesity drug maker, for up to $1.08 billion to broaden the Danish company’s blockbuster weight loss portfolio. The deal is Novo Nordisk’s latest attempt to capitalize on the weight loss industry gold rush, which began […]
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How to transform your default credit history card in Apple Wallet
Apple CEO Tim Cook dinner speaks throughout an Apple special event at the Steve Employment Theater in Cupertino, California, March 25, 2019. Stephen Lam | Reuters I seldom, if at any time, pull out a debit or credit history card to make a payment anymore — perhaps at a restaurant. Or else, I commonly just […]
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Why insider trading is so challenging to quit
Martha Stewart was famously accused of insider trading in the early 2000s, but she failed to confront felony insider investing charges. Instead, Stewart was located responsible and went to jail for obstruction of justice, conspiracy and producing phony statements. This prosecutorial option may perhaps have been thanks to how the legislation is penned. “It is […]
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Virgin Galactic launches tourists to space for the first time
[The livestream is slated to begin at 11 a.m. ET. Please refresh the page if you do not see the video player above.] Virgin Galactic flew its second commercial spaceflight on Thursday, its first carrying private-paying tourists. Called Galactic 02, the flight launched from Spaceport America in New Mexico. The company’s spacecraft was flown by […]
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X Corp. CEO Linda Yaccarino suggests she has ‘autonomy’ under Elon Musk
X Corp. CEO Linda Yaccarino explained to CNBC that she has “autonomy” under owner Elon Musk in an job interview Thursday, incorporating that advertisers ought to be comfortable returning to the platform under her leadership. Yaccarino pointed to the article on the platform previously identified as X announcing her choosing, where Musk underscored his continued […]
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July CPI report reveals inflation gauge rose 3.2%, considerably less than anticipated
The client cost index rose 3.2% from a calendar year in the past in July, a sign that inflation has dropped at minimum some of its grip on the U.S. economy. Selling prices accelerated a seasonally altered .2% for the month, in line with the Dow Jones estimate, the Bureau of Labor Statistics documented Thursday. […]
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Airlines add flights to get travelers off of Maui after deadly wildfires
Passengers try to rest and sleep after canceled and delayed flights while others wait to board flights off the island as thousands of passengers were stranded at the Kahului Airport (OGG) in the aftermath of wildfires in western Maui in Kahului, Hawaii on August 9, 2023. Patrick T. Fallon | AFP | Getty Images Airlines […]
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European gas charges jumped practically 40% on Australia source fears — and analysts be expecting additional rises
Liquefied pure fuel (LNG) storage models at Grain LNG importation terminal, operated by Countrywide Grid Plc, on the Isle of Grain on August 22, 2022 in Rochester, England. Dan Kitwood | Getty Photos Information | Getty Photographs Energy analysts consider the bullish momentum for European normal gas selling prices will persist around the coming months […]
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Coach owner Tapestry to acquire Michael Kors, Jimmy Choo parent Capri Holdings for $8.5 billion
A man rides a bicycle past a Gianni Versace store in Beijing, China. Nelson Ching | Bloomberg | Getty Images Tapestry, the fashion conglomerate behind Coach and Kate Spade, will acquire competitor Capri Holdings in a $8.5 billion deal announced on Thursday. The deal will create an American fashion giant that — while still not […]
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SMIC posted a drop in next-quarter earnings on persisting weak chip need
BEIJING, CHINA – DECEMBER 04: A emblem hangs on the creating of the Beijing branch of Semiconductor Producing International Company (SMIC) on December 4, 2020 in Beijing, China. (Image by VCG/VCG through Getty Images) Vcg | Visible China Group | Getty Photographs Semiconductor Production International Corp. posted on Thursday a fall in 2nd-quarter earnings towards […]
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