Breaking News: Business
Trump says Anthropic is shaping up and a deal is ‘possible’ for Department of Defense use
President Donald Trump on Tuesday told CNBC that “it’s possible” there will be a deal allowing Anthropic’s artificial intelligence models to be used within the Department of Defense. “They came to the White House a few days ago, and we had some very good talks with them, and I think they’re shaping up,” Trump said […]
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Amazon adding heavy-duty EV trucks from Einride as it spreads bets on freight decarbonization
Swedish EV trucking company Einride is deploying 75 manually operated electric heavy-duty trucks in Amazon‘s Relay freight network, an expansion of the freight EV startup’s push into the U.S. ahead of a planned public offering, and Amazon’s push to expand no-emissions electrification technology across its logistics network and beyond last-mile delivery. The Einride trucks will […]
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UnitedHealth tops quarterly estimates, hikes profit outlook as insurer manages high medical costs
UnitedHealthcare sign is displayed at its office building in Minnetonka, Minnesota, U.S., Dec. 11, 2025. Tim Evans | Reuters UnitedHealth Group on Tuesday posted first-quarter earnings that topped estimates and hiked its 2026 profit outlook, as the company better manages high medical costs and streamlines its operations. The nation’s largest private insurer said it expects […]
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Hormuz disruptions hit China’s Christmas capital — and holiday spending
Christmas is still eight months away, but artificial tree maker Lou Liping is already worried about a bad holiday season due to the Iran war. Lou’s company, Kitty Christmas Factory, has been making artificial trees for the U.S. and European markets for nearly three decades. Her facility is based in the city of Yiwu, known […]
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Howard Marks says there are very few cheap stocks: ‘Bargains come when people panic’
Howard Marks warned that investors hunting for bargains may be disappointed, saying markets are still far from distressed levels despite bouts of volatility. The co-founder and co-chairman of Oaktree Capital Management, who famously foresaw the dot-com bubble, said the current environment reflects an ongoing “tug of war” between bullish and bearish forces, with optimism largely […]
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Rivian’s factory damaged by tornado amid crucial R2 EV launch
A view shows a second-generation R1S at electric auto maker Rivian’s manufacturing facility in Normal, Illinois, on June 21, 2024. Joel Angel Juarez | Reuters A tornado damaged part of Rivian Automotive‘s factory in central Illinois over the weekend, according to a message sent to employees Sunday night by CEO RJ Scaringe that was viewed […]
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Kash Patel sues The Atlantic for $250 million over alcohol abuse claims
FBI Director Kash Patel testifies before a Senate Judiciary Committee hearing on oversight of the Federal Bureau of Investigation, on Capitol Hill in Washington, D.C., U.S., September 16, 2025. Jonathan Ernst | Reuters FBI Director Kash Patel on Monday morning filed a lawsuit seeking $250 million in damages from The Atlantic magazine for what he […]
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Sandwich chain Jersey Mike’s confidentially files for IPO
A Jersey Mike’s restaurant in Walnut Creek, California, Nov. 21, 2024. David Paul Morris | Bloomberg | Getty Images Jersey Mike’s has confidentially filed for an initial public offering, the company said on Monday. The announcement comes more than a year after Blackstone bought a majority stake in the sandwich chain in a deal that […]
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Eli Lilly agrees to acquire cancer drug maker Kelonia in deal worth up to $7 billion
The Eli Lilly logo appears on the company’s office in San Diego, California, U.S., Nov. 21, 2025. Mike Blake | Reuters Eli Lilly will acquire biotech company Kelonia Therapeutics in a deal worth up to $7 billion, the company said Monday. Lilly will pay $3.25 billion upfront, and the remaining payments are contingent upon clinical, […]
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