Month: September 2024
Moderna to cut $1.1 billion in costs and launch 10 new products by 2027 as it charts post-Covid future
Moderna headquarters, exterior view, Cambridge, Massachusetts, USA. Plexi Images | GHI | UCG | Universal Images Group | Getty Images Moderna on Thursday said it plans to cut around $1.1 billion in expenses by 2027 and win approvals for several new products as it charts a path forward after the rapid decline of its Covid business. […]
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Eli Lilly to invest $1.8 billion to expand manufacturing for weight loss, diabetes and Alzheimer’s drugs
A sign with the company logo sits outside of the headquarters of Eli Lilly in Indianapolis, Indiana, on March 17, 2024. Scott Olson | Getty Images Eli Lilly on Thursday said it will invest $1.8 billion to boost manufacturing for its newly approved Alzheimer’s drug and highly popular weight loss and diabetes treatments, among other medicines, […]
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Russia turns the tables on Ukraine, launching counterattacks to retake Kursk after incursion stalls
Russian President Vladimir Putin watches with binoculars the Tsentr-2019 military exercise at the Donguz range near Orenburg city on September 20, 2019. Alexey Nikolsky | Afp | Getty Images Russia said Wednesday it launched a major counteroffensive to retake large areas of its Kursk region that were seized by Ukrainian forces in the border incursion […]
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Tokyo says it ‘lodged a protest’ after North Korea fired missiles toward Sea of Japan
People watch a television screen showing a news broadcast with file footage of a North Korean missile test, at a train station in Seoul on Sept. 12, 2024. North Korea fired multiple short range ballistic missiles into waters east of the Korean peninsula on September 12, Seoul’s military reported, days after the nuclear-armed North marked […]
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It’s hard for Boeing to reclaim share from Airbus until it sorts out its issues: Analyst
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Squawk Box Asia Peter McNally with Third Bridge says Boeing still faces manufacturing and delivery issues, which is impacting the company’s cash flow. 02:26 an hour ago Source
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CNBC Daily Open: Moving past sticky core inflation
Prices are displayed in a store window in Brooklyn on August 14, 2024 in New York City. Spencer Platt | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where […]
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Bill Gates-backed startup says a global gold rush for buried hydrogen is picking up momentum
The team from the Geological Agency of the Ministry of Energy and Mineral Resources (ESDM) took samples of natural hydrogen gas found in One Pute Jaya Village, Morowali Regency, Central Sulawesi Province, Indonesia, 23 October 2023. Nurphoto | Nurphoto | Getty Images Koloma, a U.S.-based clean fuel startup backed by Bill Gates and Jeff Bezos, says it […]
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Dutch neobank Bunq goes on hiring spree, targeting digital nomads, as other fintechs slash jobs
Key Points Bunq, the Dutch digital bank, told CNBC it plans to increase its global headcount by over 70% in 2024. It’s expected to help the fintech expand into new regions including the U.K. and the United States, where the company is applying for local licenses. It comes as other companies, including PayPal and Klarna, […]
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China threatens to retaliate over U.S. bill that could shutter Hong Kong trade offices
An exterior view of the U.S. Capitol in Washington, DC on September 9, 2024. Members of the Senate and U.S. House of Representatives return to the Nation’s capitol, following their August recess. Bonnie Cash | Getty Images News | Getty Images American lawmakers have passed a bipartisan bill that could eventually lead to the shuttering […]
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Asian chip-related stocks rally on renewed AI optimism after Nvidia CEO comments
Jensen Huang, co-founder and chief executive officer of Nvidia Corp., speaks during an event in Taipei, Taiwan, on Sunday, June 2, 2024. Annabelle Chih | Bloomberg | Getty Images Asian chipmaking heavyweights extended Wall Street’s rally as Nvidia CEO Jensen Huang made bullish comments about the AI darling’s outlook. The founder of the artificial intelligence […]
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