World
How a new Amazon-backed Hollywood production startup deploys AI for speed and cost-cutting
At a time when Hollywood is torn between fear of artificial intelligence stealing jobs and the pressure to cut costs, a new kind of hybrid production studio is launching with the latest AI tools. Innovative Dreams is a new production services company, backed by Amazon Web Services and Luma, a generative AI startup, that combines […]
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Regeneron weighs overseas price for Otarmeni, gene therapy for rare type of hearing loss
Regeneron Pharmaceuticals will make its newly approved gene therapy for a rare, genetic form of hearing loss available for free in the U.S. The company hasn’t yet decided how much it will charge in other countries, Regeneron CEO Leonard Schleifer told CNBC on Friday. “We haven’t set a price yet, but they should pay their […]
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Intel’s stock soars more than 20% as chipmaker shows signs of a turnaround
The Intel logo is displayed on a sign in front of Intel headquarters on Jan. 22, 2026 in Santa Clara, California. Justin Sullivan | Getty Images Intel shares soared more than 20% on Friday as investors cheered signs of renewed growth due to mounting artificial intelligence demand. The stock was up 22% as of early […]
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Google to invest up to $40 billion in Anthropic as search giant spreads its AI bets
Anthropic co-founder and CEO Dario Amodei speaks on an artificial intelligence panel during Inbound 2025 Powered by HubSpot at Moscone Center on in San Francisco, Sept. 4, 2025. Chance Yeh | Getty Images Entertainment | Getty Images Google plans to invest up to $40 billion in Anthropic, the companies confirmed on Friday, as tech giants […]
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20,000 job cuts at Meta, Microsoft raise concern that AI-driven labor crisis is here
Meta CEO Mark Zuckerberg (L) and Microsoft CEO Satya Nadella. Getty Images | Reuters The more than 20,000 potential job cuts Meta and Microsoft revealed on Thursday, months after Amazon announced its most widespread layoffs ever, may only be the beginning. The same companies that are collectively spending hundreds of billions of dollars a year […]
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European stocks fall as ceasefire optimism fades; Novo jumps after Lilly weight loss pill prescription data
A bear statue stands outside the Frankfurt Stock Exchange on April 7, 2025 in Frankfurt, Germany. Florian Wiegand | Getty Images European stock markets finished lower on Friday, as uncertainty over U.S.-Iran peace talks weighed on investor sentiment. The pan-European Stoxx 600 closed the day down 0.6%, with most regional sectors and major bourses in […]
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AMD shares soar 12% on no company news. Here’s what has investors so excited
Intel’s latest earnings report showed big demand for central processing units, or CPUs, as companies rush to build out their artificial intelligence capabilities, sending its stock surging. The numbers led investors to scoop up shares of another major chipmaker: Advanced Micro Devices. AMD shares soared more than 12% on Friday as Wall Street analysts were […]
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Wall Street’s ‘fear gauge’ is doing something unusual. What it means
A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 23, 2026. Jeenah Moon | Reuters Something interesting is happening in the options market. The S&P 500 touched record highs Thursday morning, but the Cboe Volatility Index (VIX) remained stuck near 20 and is up from […]
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Treasury yields little changed after Israel-Lebanon ceasefire announcement
Lebanon Ambassador to the US Nada Hamadeh Moawad speaks to reporters after a meeting with US President Donald Trump, Lebanon Ambassador to the US and Israel Ambassador to the US, at the White House in Washington, DC on April 23, 2026. Mandel Ngan | AFP | Getty Images U.S. Treasury yields were little changed on […]
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Procter & Gamble earnings beat estimates as sales grow 7%
Procter & Gamble on Friday reported quarterly earnings and revenue that topped analysts’ expectations, as volume for its products grew for the first time in a year. Shares of the company rose roughly 4% in premarket trading. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG: […]
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