Month: June 2024
Healthy Returns: Drugmakers release promising cancer drug data – and AstraZeneca wins big
Attendees walk through the lobby at the American Society of Clinical Oncology annual meeting in Chicago. Tim Boyle | Bloomberg | Getty Images Think a friend or colleague should be getting this newsletter? Share this link with them to sign up. Good morning! I’m back in New York City after spending the last weekend in […]
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Weight loss drugs like Wegovy could spawn a host of new piggyback product lines
Novo Nordisk’s Wegovy weight loss drug has seen a meteoric rise in popularity. Nurphoto | Getty Images LONDON — The rapid rise of weight loss drugs like Wegovy is generating a host of new product lines as companies hope to land on the right side of the health care disruptor. Industries spanning food and beverage […]
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The peaceful Apple executive behind company’s AI tactic
Apple is at the rear of on artificial intelligence. Now, the business is getting ready to unleash its very first wave of user-dealing with AI products and solutions. And guiding that force is John Giannandrea, a Silicon Valley veteran who is Apple’s top rated government in demand of AI tactic. On Monday, Apple will maintain […]
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Oscar Health CEO Mark Bertolini is ready to take on the employer market
Mark Bertolini has helped Oscar Health move toward profitability after taking over as CEO of the health insurer a year ago. Now, he says the company’s next phase of growth and profitability will focus on tapping into the employer market. That effort will include “going after the 71 million lives that are in small group […]
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Craft cocktails, mountain bikes and art: Walmart’s hometown is booming, and getting more expensive
BENTONVILLE, Ark. — When Gil Curren’s family moved into a run-down farmhouse in Walmart’s hometown of Bentonville, Arkansas, in 1971, the now-retail giant wasn’t yet a decade old. Sometimes, the nearby creek would flood, and cows would break loose onto the dirt road in front of his home. Now, when the 88-year-old retiree looks outside […]
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Shares earning the most important moves premarket: GameStop, Lyft, Vail Resorts and extra
Check out the providers creating headlines in advance of the inventory market’s opening bell. GameStop — The meme stock declined 5% premarket, giving up a achieve of nearly 30% previously. GameStop posted a shock earnings report , exhibiting web gross sales of almost $882 million for the to start with quarter, down 29% from a […]
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AI brokers are obtaining a ‘ChatGPT moment’ as traders look for what’s up coming soon after chatbots
Rafael Henrique | Lightrocket | Getty Photographs Previously this year, economic solutions company Klarna claimed its artificial intelligence agent, run by OpenAI, experienced taken more than two-thirds of buyer chats and was accomplishing perform equal to that of 700 complete-time agents. That was following just just one month of use. Alexander Kvamme, CEO of customer […]
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Milwaukee-centered retail large Kohl’s says ‘No’ to sponsoring Republican convention activities
A Kohl’s section shop sign hangs exterior the making on March 12, 2024 in Miami, Florida. Shares of Kohl’s fell as it posted a drop in exact-store revenue in the fourth quarter. Joe Raedle | Getty Photographs Milwaukee-based mostly section retailer huge Kohl’s says it will not sponsor any events connected to the Republican Countrywide […]
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Supreme Court Justice Clarence Thomas acknowledged presents truly worth hundreds of thousands of pounds about 20 a long time, examination finds
Associate Justice Clarence Thomas poses for the duration of a team photograph of the Justices at the Supreme Court docket in Washington, April 23, 2021. Erin Schaff | Pool | Reuters Supreme Court docket Justice Clarence Thomas accepted thousands and thousands of dollars’ well worth of items over the previous two many years on the […]
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The U.S. added 600,000 new millionaires last year as AI fueled markets
B2m Productions | Digitalvision | Getty Images The U.S. far outpaced the rest of the world in minting millionaires last year, adding 600,000 new millionaires and powering record fortunes at the top, according to a new study. America’s millionaire population grew 7.3% in 2023 to 7.5 million people, according to a report from Capgemini. Their […]
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