Year: 2025
Trump Media shares jump more than 21% ahead of presidential inauguration
Jakub Porzycki | Nurphoto | Getty Images Shares of Trump Media jumped more than 21% in midday trading Monday, ahead of President-elect Donald Trump’s inauguration next week. The stock, which trades under the DJT ticker, is now on pace for its best day since Nov. 18, when shares surged 16.65% following news that the company […]
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Watch live: Biden delivers his final foreign policy speech
[The stream is slated to start at 2 p.m. ET. Please refresh the page if you do not see a player above at that time.] President Joe Biden is delivering an address aimed at highlighting his foreign policy achievements in office. The Democratic president’s speech at the State Department in Washington is billed as a […]
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Instagram head Mosseri says app will prioritize original content, with potential TikTok ban days away
Adam Mosseri, Facebook Beck Diefenbach | Reuters Adam Mosseri, head of Meta’s Instagram, said Monday that the app will focus on prioritizing original and creative content in its algorithmic rankings in 2025. His comments came in a video Mosseri posted outlining Instagram’s priorities for the year, which include improving social connections for users. “Instagram was […]
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Stocks making the biggest moves midday: Nvidia, quantum computing stocks, Moderna and more
Check out the companies making headlines in midday trading: Quantum stocks — Quantum computing stocks dropped after Meta Platforms CEO Mark Zuckerberg became the latest high-profile executive to ease expectations for the technology. Rigetti Computing dropped 27%, while D-Wave Quantum shed 32%. The Defiance Quantum ETF lost 2.5%. Nvidia , chip stocks — Popular semiconductor […]
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Jeff Bezos enables Trump’s threat to democracy, Washington Post columnist Rubin says as she quits
Jeff Bezos, founder and executive chairman of Amazon and owner of the Washington Post, takes the stage during the New York Times annual DealBook summit at Jazz at Lincoln Center on December 04, 2024 in New York City. Michael M. Santiago | Getty Images Amazon founder Jeff Bezos “and his cronies” are enabling “the most […]
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Investor Cliff Asness says bitcoin is a bubble unless uses besides speculation and criminality emerge
Key Points Cliff Asness, co-founder of AQR Capital Management, believes bitcoin is in a speculative bubble after the cryptocurrency’s swift rally carried it above $100,000 following the November presidential election. Asness said there are three uses for crypto that he has identified: speculation, use in war-torn countries and paying cyber ransom. Source
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Eli Lilly CEO expects new weight loss pill to be approved next year
David Ricks, CEO, Eli Lilly Scott Mlyn | CNBC Eli Lilly expects its experimental weight loss pill will get approved as soon as early next year, CEO David Ricks told Bloomberg TV on Monday. The company is set to release key late-stage trial data on the drug, orforglipron, by the middle of this year. Eli […]
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Comcast and Harris Blitzer to build new NBA, NHL stadium in South Philadelphia
Joe Daniel Price | Moment | Getty Images Harris Blitzer Sports & Entertainment announced on Monday a joint venture with Comcast Spectacor to build a new arena in South Philadelphia for the NBA’s 76ers and the NHL’s Flyers. The deal represents a reversal from previous plans to build an arena in the Center City district […]
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Biden’s total student debt relief passes $183 billion, after he forgives another 150,000 borrowers
US President Joe Biden speaks about student loan debt relief at Madison Area Technical College in Madison, Wisconsin, April 8, 2024. Andrew Caballero-Reynolds | AFP | Getty Images In his final days in office, President Joe Biden announced that his administration would forgive student debt for more than 150,000 borrowers. That relief includes nearly 85,000 […]
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Eli Lilly to buy Scorpion Therapeutics’ cancer therapy for up to $2.5 billion
A sign with the company logo outside the headquarters of Eli Lilly and Company in Indianapolis, Indiana, March 17, 2024. Scott Olson | Getty Images Eli Lilly said on Monday it plans to buy Scorpion Therapeutics’ experimental cancer therapy for up to $2.5 billion in cash to expand its pipeline of cancer treatments. The company […]
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