Month: August 2024
India flags cricket rights concerns with Disney-Reliance $8.5 billion merger
Chennai Super Kings’ players celebrate with the trophy after their victory against Gujarat Titans in the Indian Premier League (IPL) Twenty20 final cricket match. Sajjad Hussain | Afp | Getty Images India’s antitrust body has reached an initial assessment that the $8.5 billion India merger of Reliance and Walt Disney media assets harms competition due […]
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Brits snap up lower mortgage deals as Bank of England rate cut boosts property market
Richard Newstead | Moment | Getty Images LONDON — Britain’s biggest high street lenders are continuing to slash borrowing costs after the Bank of England’s first interest rate cut in four years sparked a boom in homebuyer activity. Barclays, Halifax, HSBC and NatWest are among the lenders now offering five-year fixed rate mortgages of under 4%, below […]
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Disney agrees to have Florida wrongful death lawsuit decided in court
An inflatable Disney+ logo is pictured at a press event ahead of launching a streaming service in the Middle East and North Africa, at Dubai Opera in Dubai, United Arab Emirates, on June 7, 2022. Yousef Saba | Reuter Walt Disney Co. on Monday agreed to have a court decide on a wrongful death lawsuit, […]
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‘Britain’s Bill Gates’: Who is Mike Lynch, the UK tech entrepreneur missing after superyacht sinks?
Key Points British tech entrepreneur Mike Lynch was acquitted in June of fraud charges in a landmark trial. He was accused by Hewlett Packard of working to artificially inflate the value of his company Autonomy when he sold it to the U.S. tech giant for $11.7 billion in 2011. Lynch — once lauded by the […]
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Stocks making the biggest premarket moves: Eli Lilly, Paramount Global, Palo Alto Networks and more
Check out the companies making the biggest moves in premarket trading: Eli Lilly — Shares added 1.7% after a late-stage trial found the pharma company’s weight-loss drug tirzepatide, the active ingredient Zepbound and Mounjaro, reduced the risk of obese or overweight adults developing Type 2 diabetes by 94%. Paramount Global — The media and entertainment […]
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Eli Lilly’s weight loss drug slashes the risk of developing diabetes in long-term trial
An Eli Lilly & Co. Zepbound injection pen arranged in the Brooklyn borough of New York, US, on Thursday, March 28, 2024. Shelby Knowles | Bloomberg | Getty Images Eli Lilly’s highly popular weight loss drug reduced the risk of developing Type 2 diabetes by 94% in obese or overweight adults with pre-diabetes compared to […]
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Lowe’s cuts full-year outlook as it expects home improvement sales to weaken
A Lowe’s Home Improvement Warehouse worker collects carts in a parking lot on August 17, 2022 in Houston, Texas. Brandon Bell | Getty Images News | Getty Images Lowe’s on Tuesday cut its full-year forecast, as the home improvement retailer’s quarterly sales declined and it said it expects spending on do-it-yourself projects to weaken. The […]
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How the Inflation Reduction Act sparked a manufacturing and clean energy boom in the U.S.
Monica Muñoz, top, and Denise Denning place black encapsulation material on solar panels at Elin Energys solar panel manufacturing facility on Thursday, April 25, 2024 in Brookshire. Brett Coomer | Hearst Newspapers | Getty Images The Inflation Reduction Act has sparked a manufacturing boom across the U.S., mobilizing tens of billions of dollars of investment, […]
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European Union slashes planned tariffs on China-made Tesla EVs, other Chinese firms
Cars are parked at a Tesla dealership. The car manufacturer Tesla presents its business figures for the past quarter after a decline in deliveries. Sebastian Gollnow | Picture Alliance | Getty Images The European Union on Tuesday said planned tariffs on Tesla vehicles being imported from China would be cut to 9% from 20.8%, while also […]
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Morgan Stanley International chair reported among missing in yacht sinking as search operation continues
This photograph shows a Coast Guard boat with Italian fireboats and an Italian fire brigade helicopter search for six missing passengers after recovering a victim due to a sailboat sank off the coast of Porticello, nosthwestern of Sicily Island, on August 19, 2024. Alessandro Fucarini | Afp | Getty Images The chairman of Morgan Stanley […]
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