Day: July 30, 2025
Senate Democrats seek Jeffrey Epstein files from Trump administration through obscure law
U.S. Senate Minority Leader Chuck Schumer (D-NY) ) holds a press conference following the weekly caucus lunch on Capitol Hill in Washington, D.C., U.S., July 29, 2025. Kent Nishimura | Reuters A group of Senate Democrats on Wednesday cited an obscure law to ask the Justice Department to hand over criminal investigative files related to […]
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Wall Street sees Starbucks comeback taking hold, even after another lackluster quarter
Customers enter a Starbucks coffee shop in New York, US, on Monday, July 28, 2025. Victor J. Blue | Bloomberg | Getty Images Wall Street is seeing early signs that Starbucks‘ turnaround is taking hold, despite a quarterly earnings miss and another quarter of shrinking same-store sales. “The focus for Starbucks’ third fiscal quarter was […]
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Healthy Returns: AstraZeneca CEO proposes some U.S. drug price cuts amid Trump pressure
The office building of international biopharmaceutical company AstraZeneca. Cfoto | Future Publishing | Getty Images A version of this article first appeared in CNBC’s Healthy Returns newsletter, which brings the latest health-care news straight to your inbox. Subscribe here to receive future editions. President Donald Trump has been pressuring pharmaceutical companies to lower U.S. drug […]
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Novo Nordisk’s stock plunge isn’t surprising. Why companies clear the deck for new CEOs
Novo Nordisk shares nosedived on the day its new chief executive, Maziar Mike Doustdar, was appointed. But that shouldn’t have come as a surprise to investors. Minutes before the news of Doustdar’s appointment on Tuesday, the Danish pharmaceutical giant reported a profit warning, slashing its operating profit growth by around a third to the new […]
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Palo Alto Networks to acquire CyberArk in $25 billion deal
Piotr Swat | Lightrocket | Getty Images Palo Alto Networks will take over Israeli identity security provider CyberArk in a deal valued at roughly $25 billion. The California-based cybersecurity company will pay shareholders $45 apiece for 2.2005 shares of CyberArk, representing a 26% premium to its share price Friday. The deal is expected to close […]
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At 10 years old, Ethereum’s future is brighter than ever despite recent setbacks
Omar Marques | Lightrocket | Getty Images It’s been a decade since Ethereum’s inception, and although its native ether token has largely struggled for the last half of it, its future looks brighter than ever. Ether has become more attractive to institutions in recent weeks largely due to legislation around stablecoins – most of which […]
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iPhone maker Foxconn joins $1 trillion AI data center market with new alliance
Foxconn Hon Hai Technology Group signage during the Nvidia GPU Technology Conference (GTC) in San Jose, California, US, on Thursday, March 20, 2025. David Paul Morris | Bloomberg | Getty Images Foxconn on Wednesday said it is taking a stake in TECO Electric & Machinery Co., as it looks to supercharge its efforts to become […]
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Trump announces 25% tariff on India plus ‘penalty’ for trade with Russia
U.S. President Donald Trump listens as Indian Prime Minister Narendra Modi speaks during a joint press conference in the East Room at the White House on February 13, 2025 in Washington, DC. Alex Wong | Getty Images News | Getty Images President Donald Trump said Wednesday that India will pay a tariff of 25% beginning […]
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Architecture firms report decline in billings for commercial real estate
Two architecture teachers discuss a student’s final project work. Erdark | E+ | Getty Images A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors […]
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Trump says Friday tariff deadline ‘will not be extended’
U.S. President Donald Trump gestures before boarding Air Force One as he returns to Washington, D.C., in Lossiemouth, Scotland, Britain, July 29, 2025. Evelyn Hockstein | Reuters President Donald Trump said that he will not extend Friday’s deadline for his “reciprocal” tariffs on dozens of countries to restart. “THE AUGUST FIRST DEADLINE IS THE AUGUST […]
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