Business News
It’s been called the closest the world has ever come to a vaccine against the AIDS virus. The twice-yearly shot was 100% effective in preventing HIV infections in a study of women, and results published Wednesday show it worked nearly as well in men. Drugmaker Gilead said it will allow cheap, generic versions to be sold in 120 poor countries with … Read more
Everyone likes a comeback story. And after roughly doubling from recent lows, Super Micro Computer (NASDAQ: SMCI) seems to be shrugging off delisting fears intensified by the surprise resignation of its auditor on Oct. 30. But the company isn’t out of the woods yet. Let’s go over the pros and cons of Supermicro to decide … Read more
Michael M. Santiago/Getty Images News BlackRock (NYSE:BLK) is close to a deal to acquire HPS Investment Partners (HPS), Bloomberg reported Sunday, citing people with knowledge of the matter. A deal, which could be announced as early as this week, could value HPS at $12B or higher,
By Nivedita Bhattacharjee BENGALURU (Reuters) – The rapid increase in satellites and space junk will make low Earth orbit unusable unless companies and countries cooperate and share the data needed to manage that most accessible region of space, experts and industry insiders said. A United Nations panel on space traffic coordination in late October determined … Read more
Canada’s ambassador to the United States said Sunday that Prime Minister Justin Trudeau was successful in getting President-elect Donald Trump and key Cabinet nominees to understand that lumping Canada in with Mexico over the flow of drugs and migrants into the U.S. is unfair. Kirsten Hillman, Canada’s ambassador in Washington, told The Associated Press in … Read more
By Wayne Cole SYDNEY (Reuters) – The dollar started in a cautious mood on Monday in what is shaping up to be a critical week for the prospect of U.S. rate cuts, while the yen’s recent rebound was underpinned by wagers on rising rates at home. Over the weekend, Bank of Japan Governor Kazuo Ueda … Read more
Investing.com– Stellantis NV (NYSE:) said on Sunday that CEO Carlos Tavares will step down effective immediately, and that his replacement will be appointed within the first half of 2024. Tavares’ resignation comes as the automaking giant grapples with lagging sales, especially of its Jeep and Ram sales in North America. A slew of reports in recent … Read more
Christmas came early at the box office this year. “Moana 2” brought in a tidal wave of moviegoers over the Thanksgiving Day weekend, setting records with $221 million in ticket sales, according to studio estimates Sunday. That, combined with “Wicked” and “Gladiator II,” made for an unprecedented weekend in cinemas and a confluence of blockbusters more like what’s often found … Read more
