Month: November 2023
Elon Musk biopic rights clinched by A24, Darren Aronofsky to direct: Reuters source
Elon Musk, chief executive officer of Tesla, at the Viva Tech fair in Paris, France, on Friday, June 16, 2023. Nathan Laine | Bloomberg | Getty Images A biopic on Elon Musk is in the works at New York-based studio A24 with “Black Swan”-filmmaker Darren Aronofsky as the director, according to a source familiar with […]
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Oil is struggling this week but could be primed for a near-term bounce, analysts say
Brent and U.S. crude futures were trading slightly higher Friday as the markets try to settle on a price that balances demand and war fears. Source
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Shares of ed-tech corporation 2U plummet just about 60%, falling under $1 on Nasdaq
Shares of online education and learning company 2U plummeted about 60% on Friday, slipping under $1, just after a problematic forecast and indications that some universities are terminating their contracts. 2U, which allows companies present digital applications to pupils, posted a net decline of $47.4 million for the third quarter. Its altered decline of 15 […]
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Ron Baron expects SpaceX’s Starlink to go public around 2027
Billionaire investor Ron Baron told CNBC on Friday that he expects SpaceX to IPO its Starlink satellite internet service “in 2027 or so.” “We think that by the time they go public with SpaceX, with Starlink … in 2027 or so, four years, the company will be worth $250 billion to $300 billion,” Baron said, […]
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Trade Desk shares fall 19% on lower guidance
Jeff Green, CEO of The Trade Desk. Scott Mlyn | CNBC Shares of digital ad company The Trade Desk fell 19% Friday morning, a day after the company reported third-quarter results and issued weak revenue guidance. The company estimates revenue of at least $580 million during the fourth quarter, but analysts were looking for $610 […]
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Lilly trades at a premium to Ozempic-maker Novo as obesity drugs boom. Here’s why, analyst says
Does Eli Lilly deserve to trade at a premium to Novo Nordisk shares? For Deutsche Bank analyst James Shin, the answer is: “yes, but not to this degree.” Shin initiated coverage of a host of pharmaceutical stocks, including Eli Lilly, on Wednesday. The analyst said he is worried Lilly’s valuation is “grating against fundamentals,” as […]
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S&P 500 futures are little transformed Thursday evening right after greater bond yields spur promote-off: Live updates
A trader functions on the ground of the New York Inventory Trade on Sept. 28, 2023. Brendan McDermid | Reuters S&P 500 futures had been little changed Thursday night immediately after the wide-sector index ended an 8-working day operate of gains. S&P 500 futures slipped by .05%, though Nasdaq 100 futures slid virtually .2%. Futures […]
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Patients are lining up for $2,500 full-body MRI scans that can detect cancer early
Prenuvo MRI machine Courtesy of Prenuvo While celebrating the July Fourth holiday last year on a boat in Tyler, Texas, Dr. Julianne Santarosa received the results from her full-body MRI scan. What she saw put a damper on the festivities. Radiologists at Prenuvo, which performed the scan, had identified a nodule in her lungs. Santarosa, […]
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Amazon’s top Fresh exec says store reopenings are part of broader grocery revamp
Amazon Fresh store in Los Angeles neighborhood of Woodland Hills Annie Palmer In February, Amazon CEO Andy Jassy said his company was hitting pause on opening up new Fresh supermarkets and Go convenience stores while closing some underperforming locations. It was all part of a broader belt-tightening campaign at Amazon and seemed to point to […]
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Australia offers refuge to Pacific island nation threatened by rising sea levels
An aerial view of Funafuti, Tuvalu, from 2019. Tuvalu’s Department of Foreign Affairs describes climate change as “one of the most existential security risks currently threatening” the country. Mario Tama | Getty Images News | Getty Images Australia and the South Pacific island nation of Tuvalu are to forge closer ties thanks to a new […]
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