Month: July 2024
Trump raises more than $4 million in bitcoin, other digital coins as crypto support pays off
Republican Presidential nominee and former President Donald J. Trump holds campaign rally at the Van Andel Arena in Grand Rapids, Michigan on July 20, 2024. Bill Pugliano | Getty Images News | Getty Images NASHVILLE — Former President Donald Trump is headed to Tennessee this weekend to deliver a keynote address at a major bitcoin conference. […]
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Viking Therapeutics stock jumps 16% after drugmaker moves weight loss injection to late-stage trial
Weight loss drug concept. Cr | Istock | Getty Images Shares of Viking Therapeutics jumped 16% in premarket trading Thursday after the biotech company a day earlier announced plans to advance its experimental weight loss injection into a late-stage trial earlier than expected. It brings the San Diego-based company one step closer to joining the […]
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Stocks making the biggest moves premarket: American Airlines, Honeywell, RTX, Ford and more
Check out the companies making headlines before the bell. American Airlines — Shares dropped 6% after the carrier issued weak profit guidance for the third quarter. American Airlines estimates unit revenue will drop as much as 4.5% as the broader industry struggles with oversupply that has led to low fares. Honeywell — Shares were down […]
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Berkshire Hathaway dumps $2.3 billion of Bank of America shares in a 6-day sale
Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, May 4, 2024. CNBC Berkshire Hathaway dumped more Bank of America shares this week, making it six straight trading days that Warren Buffett’s conglomerate has reduced its stake in the bank. The Omaha, Nebraska-based holding company sold another 18.9 million shares via […]
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U.S. economy grew at a 2.8% pace in the second quarter, much more than expected
Gross domestic product in the second quarter was expected to show a 2.1% annualized increase. Source
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Wegovy rival to be part of a suite of weight loss drugs, Roche CEO says following positive trial results
Sopa Images | Lightrocket | Getty Images Roche said Thursday that its Wegovy rival weight loss drugs will be part of a suite of medicines aimed at combatting the effects of obesity. CEO Thomas Schinecker welcomed positive early stage trial results from the firm’s two weight loss drug candidates as showing “best in disease potential.” […]
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GE HealthCare taps Amazon Web Services to build generative AI for medical use
Jakub Porzycki | Nurphoto | Getty Images GE HealthCare on Thursday announced it is teaming up with Amazon Web Services to build new generative artificial intelligence models and tools that can efficiently analyze complex medical data. The health-care industry is responsible for generating nearly one-third of all data globally, but much of this information isn’t […]
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NORAD says it tracked Chinese and Russian long-range bombers off Alaska
In this pool photograph distributed by the Russian state agency Sputnik, Russia’s President Vladimir Putin and China’s President Xi Jinping attend an official welcoming ceremony in front of the Great Hall of the People in Tiananmen Square in Beijing on May 16, 2024. Sergei Bobylyov | Afp | Getty Images Two Chinese and two Russian […]
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Tech’s splurge on AI chips has companies in ‘arms race’ that’s forcing more spending
Meta founder and CEO Mark Zuckerberg speaks during the Meta Connect event at Meta headquarters in Menlo Park, California, on Sept. 27, 2023. Josh Edelson | AFP | Getty Images Meta CEO Mark Zuckerberg has been assembling a large stockpile of Nvidia chips, spending billions of dollars so his company can develop and train advanced […]
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Southwest profit falls 46% as airline takes ‘urgent’ steps to increase revenue
Southwest Airlines airplanes are serviced at their gates at Fort Lauderdale-Hollywood International Airport on May 18, 2024, in Fort Lauderdale, Florida. Gary Hershorn | Corbis News | Getty Images Southwest Airlines on Thursday forecast a potential drop in unit revenue for the third quarter as an oversupplied U.S. market has forced airlines to discount tickets […]
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