Month: April 2025
Trump says he has ‘no intention’ of firing Fed Chair Powell
U.S. President Donald Trump speaks at the White House in Washington, D.C., U.S., April 22, 2025. Kevin Lamarque | Reuters President Donald Trump on Tuesday said he has “no intention” of firing Federal Reserve Chair Jerome Powell before his term leading the U.S. central bank ends next year. “None whatsoever,” Trump said in the Oval […]
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Auto groups lobby Trump administration against parts tariffs in rare unified message
Jamell Harris loads raw casting heads to be manufactured at the Stellantis Dundee Engine Complex on August 18, 2022 in Dundee, Michigan. Bill Pugliano | Getty Images DETROIT – Six of the top policy groups representing the U.S. automotive industry are uncharacteristically joining forces to lobby the Trump administration against 25% tariffs on auto parts […]
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How Takeda’s CEO transformed the company into a global pharma powerhouse
Takeda Pharmaceuticals, Japan’s largest drugmaker, has undergone a sweeping transformation under CEO Christophe Weber, emerging as one of the world’s leading pharmaceutical companies. Takeda Pharmaceuticals, Japan’s largest drugmaker, has undergone a sweeping transformation under CEO Christophe Weber, emerging as one of the world’s leading pharmaceutical companies. The company’s $62 billion acquisition of U.K.-based Shire Pharmaceuticals […]
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Stocks making the biggest moves after hours: Tesla, Enphase Energy, Oklo, Bristol Myers Squibb and more
Check out the companies making headlines in extended trading: Tesla — Shares were marginally lower in extended trading after first-quarter results missed analysts’ estimates on the top and bottom lines. The electric vehicle company earned an adjusted 27 cents per share on revenue of $19.34 billion, while analysts polled by LSEG were looking for 39 […]
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FDA to phase out dyes used in Flamin’ Hot Cheetos, Skittles and other snacks
Candy is displayed for sale, as U.S. Health and Human Services (HHS) Secretary Robert F. Kennedy, Jr., along with FDA Commissioner Marty Makary, announce the FDA’s intent to remove from the U.S. food supply “petroleum-based synthetic” food dyes, which are present in numerous foods such as breakfast cereals, candy, snacks, and beverages, at a grocery […]
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Sam Altman steps down as Oklo board chair, freeing nuclear startup to work with more AI companies
OpenAI’s Sam Altman is stepping down as chair of the board of nuclear startup Oklo, after bringing the company public through a merger with his special purpose acquisition company, AltC Acquisition Corp., in May 2024. The move gives Oklo, which is developing advanced nuclear reactors, more flexibility to potentially explore partnerships with OpenAI or other […]
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Warner Bros. Discovery starts Max password-sharing crackdown
Jakub Porzycki | Nurphoto | Getty Images Warner Bros. Discovery is taking a page out of Netflix’s playbook. In an apparent move to crack down on password sharing outside the home, the company’s streaming service Max has launched a new feature it is calling Extra Member Add-On. Similar to Netflix’s paid sharing model, the new […]
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Tesla reports 20% drop in auto revenue as first-quarter results miss Wall Street estimates
Tesla CEO Elon Musk wears a ‘Trump Was Right About Everything!’ hat, as he, U.S. Trade Representative Jamieson Greer and Central Intelligence Agency Director John Ratcliffe attend a cabinet meeting at the White House, in Washington, D.C., U.S., March 24, 2025. Carlos Barria | Reuters Tesla reported a miss on the top and bottom lines […]
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Meta could take a $7 billion hit this year because of Trump’s tough China tariffs
This photo illustration created on Jan. 7, 2025, in Washington, D.C., shows an image of Mark Zuckerberg, CEO of Meta, and an image of the Meta logo. Drew Angerer | AFP | Getty Images Meta’s core online advertising business could take a $7 billion hit this year due to President Donald Trump’s tough China tariffs […]
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Bitcoin retakes $90,000 as investors see it as alternative to diving dollar and turbulent stocks
Bitcoin reclaimed the $90,000 level for the first time since March as investors jumped into the crypto for a second day amid continued stock market turbulence and a falling dollar. The price of bitcoin was last higher by about 5% at $91,605.01, according to Coin Metrics, bringing its 2-day gain to more than 8%. Earlier, […]
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