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Intel seeks billions for minority stake in Altera business, sources say

Intel seeks billions for minority stake in Altera business, sources say

Finance News / Leave a Comment

Pat Gelsinger, CEO, of Intel Corporation, testifies during the Senate Commerce, Science, and Transportation hearing on semiconductors titled Developing Next Generation Technology for Innovation, in Russell Senate Office Building on Wednesday, March 23, 2022. Tom Williams | CQ-Roll Call, Inc. | Getty Images Intel is looking to sell at least a minority stake in its […]

Intel seeks billions for minority stake in Altera business, sources say Read More »

Walgreens says it will close 1,200 stores by 2027, as earnings top estimates

Walgreens says it will close 1,200 stores by 2027, as earnings top estimates

Business News

A person rides past a Walgreens truck, owned by the Walgreens Boots Alliance, in Manhattan, New York City, on Nov. 26, 2021. Andrew Kelly | Reuters Walgreens on Tuesday reported fiscal fourth-quarter sales and adjusted profit that beat Wall Street’s expectations, as the company slashes costs in an attempt to steer itself out of a

Walgreens says it will close 1,200 stores by 2027, as earnings top estimates Read More »

Tesla stock slips after it reports 462,890 total deliveries during the third quarter

Tesla stock slips after it reports 462,890 total deliveries during the third quarter

Finance News

A worker unloads a new Tesla Model 3 from a truck at a logistics drop zone in Seattle, Washington, US, on Thursday, Aug. 22, 2024.  Bloomberg | Bloomberg | Getty Images Tesla posted its third-quarter vehicle production and deliveries report on Wednesday. The stock fell about 3.5% in premarket trading after the report. Here are the

Tesla stock slips after it reports 462,890 total deliveries during the third quarter Read More »

OpenAI CFO tells investors funding round should close by next week despite executive departures

OpenAI CFO tells investors funding round should close by next week despite executive departures

Finance News

OpenAI’s Sora AI tool allows users to create AI-generated videos from text-based inputs. Costfoto | Nurphoto | Getty Images OpenAI CFO Sarah Friar is looking to reassure its investors that the richly valued artificial intelligence startup is still in a strong position and is poised to close a big funding round soon, despite losing top

OpenAI CFO tells investors funding round should close by next week despite executive departures Read More »

FDA approves Bristol Myers Squibb’s schizophrenia drug, the first new type of treatment in decades

FDA approves Bristol Myers Squibb’s schizophrenia drug, the first new type of treatment in decades

Business News

Bristol Myers Squibb’s Cobenfy drug Courtesy: Bristol Myers Squibb The Food and Drug Administration on Thursday approved Bristol Myers Squibb‘s highly anticipated schizophrenia drug Cobenfy, the first novel type of treatment for the debilitating, chronic mental disorder in more than seven decades.  Schizophrenia affects how a person thinks, feels and behaves, and can cause paranoia,

FDA approves Bristol Myers Squibb’s schizophrenia drug, the first new type of treatment in decades Read More »

Middle Eastern funds are plowing billions of dollars into hottest AI start-ups

Middle Eastern funds are plowing billions of dollars into hottest AI start-ups

Technology News

Sovereign wealth funds out of the Middle East are emerging as key backers of Silicon Valley’s artificial intelligence darlings. Oil-rich nations like Saudi Arabia, United Arab Emirates, Kuwait and Qatar have been looking to diversify their economies, and are turning to tech investments as a hedge. In the past year, funding for AI companies by

Middle Eastern funds are plowing billions of dollars into hottest AI start-ups Read More »

Intel stock jumps on plan to turn foundry business into subsidiary and allow for outside funding

Intel stock jumps on plan to turn foundry business into subsidiary and allow for outside funding

Finance News

Intel CEO Pat Gelsinger, holding the “Gaudi 3” AI chip, speaks during the 54th Annual Meeting of the Semafor 2024 World Economy Summit in Washington, D.C., on April 17, 2024. Mandel Ngan | AFP | Getty Images Intel shares jumped almost 10% in extended trading on Monday after the company said it plans to turn

Intel stock jumps on plan to turn foundry business into subsidiary and allow for outside funding Read More »

Pfizer says its experimental drug for deadly condition that causes appetite and weight loss in cancer patients shows positive trial results

Pfizer says its experimental drug for deadly condition that causes appetite and weight loss in cancer patients shows positive trial results

Business News

Pfizer‘s experimental drug for a common, life-threatening condition that causes cancer patients to lose their appetite and weight showed positive results in a midstage trial, the drugmaker said Saturday.  Patients with the condition, called cancer cachexia, who took Pfizer’s treatment saw improvements in body weight, muscle mass, quality of life and physical function, according to

Pfizer says its experimental drug for deadly condition that causes appetite and weight loss in cancer patients shows positive trial results Read More »

Moderna shares plunge on plans to cut .1 billion in costs, launch 10 new products by 2027

Moderna shares plunge on plans to cut $1.1 billion in costs, launch 10 new products by 2027

Business News

Moderna headquarters, exterior view, Cambridge, Massachusetts, USA.  Plexi Images | GHI | UCG | Universal Images Group | Getty Images Moderna on Thursday said it plans to cut around $1.1 billion in expenses by 2027 and win approvals for several new products as it charts a path forward after the rapid decline of its Covid business. 

Moderna shares plunge on plans to cut $1.1 billion in costs, launch 10 new products by 2027 Read More »

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