Month: January 2024
Meta's continued rally could hinge on the fortunes of upstart retailers Temu and Shein
Facebook founder and CEO Mark Zuckerberg meets Founder and Executive Chairman of Alibaba Group Jack Ma (not pictured), at the China Development Forum in Beijing, China, March 19, 2016. Shu Zhang | Reuters Like many Facebook and Instagram users, marketing veteran Victor Lee is inundated with ads from Chinese online retailer Temu when he opens […]
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Biogen drops controversial Alzheimer's drug Aduhelm to focus on Leqembi, experimental treatments
The Biogen headquarters in Cambridge, Massachusetts, on Tuesday, Oct. 24, 2023. Vanessa Leroy | Bloomberg | Getty Images Biogen on Wednesday said it will discontinue the sale and development of its older and highly controversial Alzheimer’s drug Aduhelm to refocus the company’s efforts to treat the memory-robbing disease. The biotech company will focus on rolling […]
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Starlab, meet Starship: Private space station buys SpaceX launch for later this decade
An artist’s rendering of the Starlab space station in low Earth orbit. Voyager Space / Starlab Space LLC A contract written in the stars. Private station Starlab will fly on a Starship rocket later this decade to get to orbit, the companies developing both spacecraft announced on Wednesday. Starlab — being built by Voyager Space […]
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A modify to this 1 clause could be the most important element of the Fed meeting
U.S. Federal Reserve Chair Jerome Powell attends a push meeting in Washington, D.C., on Dec. 13, 2023. Liu Jie | Xinhua News Company | Getty Images Promptly immediately after the Federal Reserve wraps up its conference this 7 days, all eyes are likely to gravitate to a person smaller piece of wording that could unlock […]
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Walmart plans to add more than 150 large-format stores across the U.S.
An exterior view of a closing Walmart store in Everett. A Walmart store in Everett, Washington, announced its closure and is currently in a liquidation sale. With this, a lot of Walmart employees have lost their jobs. Chin Hei Leung | Lightrocket | Getty Images Walmart already has a huge U.S. footprint. But the retail […]
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Starboard urges GoDaddy to set 'prudent' assistance and provide details on cost price savings
The GoDaddy banner hangs outside of the New York Inventory Trade as the web-site hosting support will make its initial general public providing (IPO) on April 1, 2015 in New York Town. Spencer Platt | Getty Illustrations or photos Activist investor Starboard Value on Wednesday sent a letter to internet-services company GoDaddy, urging administration to […]
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PGA Tour secures up to $3 billion from U.S. buyers as LIV Golfing merger hangs in the harmony
PGA TOUR emblem is noticed in the course of the second spherical of the Farmers Insurance coverage Open up at Torrey Pines South on January 29, 2021 in San Diego, California. Ben Jared | Pga Tour | Getty Visuals A U.S. consortium has agreed to spend up to $3 billion into the PGA Tour, the […]
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Starbucks' earnings report was weak — but Wall Street expected worse
A Starbucks store stands in Manhattan on January 30, 2024 in New York City. Spencer Platt | Getty Images Wall Street is shaking off Starbucks’ weak quarterly report, seemingly taking executives at their word that the company’s challenges are “transitory.” The coffee giant’s stock ticked higher in morning trading, hours after it reported fiscal first-quarter […]
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GSK posts blowout RSV vaccine sales, raises outlook as shots give big pharma a boost
Company logo of pharmaceutical company GlaxoSmithKline is seen at their Stevenage facility, Britain October 26, 2020. Dado Ruvic | Reuters GlaxoSmithKline on Wednesday lifted its long-term outlook following the smash-hit launch of its new RSV vaccine. The shot targeting the severe and in some cases life-threatening virus booked around £1.2 billion, or $1.5 billion, in […]
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Volkswagen sets up its personal AI lab as motor vehicle market appears to embrace the tech
Volkswagen, like other car giants, are pushing closely into AI to improve their technological know-how qualifications and make their cars smarter. Ismail Aslandag | Anadolu through Getty Visuals German automaker Volkswagen has set up its possess synthetic intelligence lab, the business said Wednesday, reflecting increasing ambitions from the vehicle market to undertake the buzzy technological […]
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