Month: July 2024
Warner Bros. Discovery is counting on deregulation to unlock media deals — if there’s even appetite
David Zaslav at the Allen & Company Sun Valley Conference on July 9, 2024 in Sun Valley, Idaho. David Grogan | CNBC Comcast Chief Executive Officer Brian Roberts had a not-so-subtle message this week for Warner Bros. Discovery CEO David Zaslav: If you’re selling, I’m not buying. “Instead of engaging in a process to buy content […]
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Bristol Myers Squibb beats earnings estimates, raises outlook as drugmaker slashes costs
The Bristol Myers Squibb research and development center at Cambridge Crossing in Cambridge, Massachusetts, on Dec. 27, 2023. Adam Glanzman | Bloomberg | Getty Images Bristol Myers Squibb on Friday reported second-quarter earnings and revenue that topped expectations and raised its full-year guidance as the drugmaker moves to slash costs. The pharmaceutical giant raised its […]
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Novo Nordisk’s Wegovy wins EU backing for reducing heart risks
Boxes of Ozempic and Wegovy made by Novo Nordisk are seen at a pharmacy. Hollie Adams | Reuters Novo Nordisk’s blockbuster Wegovy weight loss drug has received backing from the European Union’s medical regulator to expand the medicine’s use to include reducing the rise of serious heart events in overweight and obese adults. The Danish […]
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Nvidia supplier SK Hynix to build $6.8 billion chip plant in South Korea
SK Hynix logo displayed on a phone screen as seen in this illustration photo taken in Krakow, Poland on January 30, 2023. Jakub Porzycki | Nurphoto | Getty Images Memory chip giant SK Hynix on Friday said it plans to invest 9.4 trillion Korean won ($6.8 billion) to build a new semiconductor manufacturing plant in […]
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Obama endorses Kamala Harris as she builds momentum against Donald Trump
WASHINGTON — Former President Barack Obama and Michelle Obama endorsed Vice President Kamala Harris for president, in a short video released Friday by the Harris campaign. The 55-second clip shows the vice president walking backstage at an event, heading toward her motorcade and answering the phone call on speaker. “Aww, hi, you’re both together! Oh, […]
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CrowdStrike CEO says 97% of Windows sensors back online after major outage
The blue screen of death errors on computer screens are viewed due to the global communications outage caused by CrowdStrike, which provides cyber security services to US technology company Microsoft, on July 19, 2024 in Ankara, Turkey. Harun Ozalp | Anadolu | Getty Images CrowdStrike CEO George Kurtz said that over 97% of Windows sensors […]
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France’s high-speed rail network hit by arson attacks, canceling trains ahead of Olympics
Two trains on the rails of Bercy Station, Technicentre SNCF Sud-Est Europeen in the 12th arrondissement of Paris, France, July 7, 2024. Frecciarossa. (Photo by Riccardo Milani / Hans Lucas / Hans Lucas via AFP) (Photo by RICCARDO MILANI/Hans Lucas/AFP via Getty Images) Riccardo Milani | Afp | Getty Images French railway operator SNCF said […]
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NatWest to buy Metro Bank mortgage portfolio after 16% profit fall
The logo of NatWest, a retail unit of RBS, outside a bank branch in London, U.K., on Tuesday, June 26, 2012. Simon Dawson | Bloomberg | Getty Images NatWest’s first-half pretax operating profit fell by a less than expected 16% to 3 billion pounds ($3.86 billion), it said on Friday, with margins hit by mortgage […]
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Venezuela’s Maduro bids for a third term in power — as U.S., Brazil warn over need for free election
President of Venezuela Nicolas Maduro rises his hand during a mass gathering convene by supporters on July 18, 2024 in Caracas, Venezuela. Alfredo Lasry R | Getty Images News | Getty Images Venezuelan President Nicolas Maduro will seek his third term in office on Sunday in a vote that’s regarded as the South American country’s […]
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European stocks head for mixed open as selloff eases; U.S. inflation data due
Traders work on the floor of the New York Stock Exchange as a picture of Vice President Kamala Harris is displayed on a television screen, on July 22, 2024. Spencer Platt | Getty Images LONDON — European markets are heading for a mixed open Friday, as a global stock selloff eases and investors await U.S. […]
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