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Tech investor Prosus to buy Just Eat Takeaway.com for .3 billion

Tech investor Prosus to buy Just Eat Takeaway.com for $4.3 billion

Just Eat Takeaway said it was delisting its shares from the London Stock Exchange due to the “low liquidity and trading volumes” of its shares on the exchange. Mike Kemp | In Pictures | Getty Images European food delivery giant Just Eat Takeaway.com is poised to be acquired by Dutch technology investor Prosus in an all-cash deal […]

Tech investor Prosus to buy Just Eat Takeaway.com for $4.3 billion Read More »

Once high-flying Bluebird Bio sells itself to private equity after tough times for the gene therapy maker

Once high-flying Bluebird Bio sells itself to private equity after tough times for the gene therapy maker

Sopa Images | Lightrocket | Getty Images Bluebird Bio will sell itself to private equity firms Carlyle and SK Capital for about $30 million, the company said Friday, marking the end of the Bluebird’s fall from the one of the buzziest biotech firms to one that was on the cusp of running out of money.

Once high-flying Bluebird Bio sells itself to private equity after tough times for the gene therapy maker Read More »

Shortage of Novo Nordisk’s Wegovy and Ozempic drugs is resolved, FDA says

Shortage of Novo Nordisk’s Wegovy and Ozempic drugs is resolved, FDA says

Boxes of Ozempic and Wegovy made by Novo Nordisk are seen at a pharmacy. Hollie Adams | Reuters The long-running U.S. shortage of Novo Nordisk‘s blockbuster weight loss injection Wegovy and diabetes treatment Ozempic is resolved after more than two years, the Food and Drug Administration said on Friday.  The FDA’s decision will threaten the

Shortage of Novo Nordisk’s Wegovy and Ozempic drugs is resolved, FDA says Read More »

IMAX CEO expects .2 billion in box office receipts this year, the best in the company’s history

IMAX CEO expects $1.2 billion in box office receipts this year, the best in the company’s history

General atmosphere during the Imax private screening for the movie “First Man” at an Imax AMC Theater in New York City on Oct. 10, 2018. Lars Niki | Getty Images Entertainment | Getty Images An “embarrassment of riches” at the box office could fuel a $1.2 billion year for IMAX, CEO Rich Gelfond told CNBC

IMAX CEO expects $1.2 billion in box office receipts this year, the best in the company’s history Read More »

UnitedHealth’s rough stretch continues, with buyouts, a reported DOJ probe and a 23% drop in three months

UnitedHealth’s rough stretch continues, with buyouts, a reported DOJ probe and a 23% drop in three months

FILE PHOTO: The logo of Down Jones Industrial Average stock market index listed company UnitedHealthcare is shown in Cypress, California April 13, 2016.  Mike Blake | Reuters UnitedHealthcare is in hot water again as the insurance giant grapples with a reported government investigation of its Medicare billing practices, pursues employee buyouts and potential layoffs and

UnitedHealth’s rough stretch continues, with buyouts, a reported DOJ probe and a 23% drop in three months Read More »

How DeepSeek used distillation to train its artificial intelligence model, and what it means for companies such as OpenAI

How DeepSeek used distillation to train its artificial intelligence model, and what it means for companies such as OpenAI

Chinese artificial intelligence lab DeepSeek roiled markets in January, setting off a massive tech and semiconductor selloff after unveiling AI models that it said were cheaper and more efficient than American ones.  But the underlying fears and breakthroughs that sparked the selling go much deeper than one AI startup. Silicon Valley is now reckoning with

How DeepSeek used distillation to train its artificial intelligence model, and what it means for companies such as OpenAI Read More »

Rivian beats Wall Street’s fourth-quarter expectations, but expects lower deliveries in 2025

Rivian beats Wall Street’s fourth-quarter expectations, but expects lower deliveries in 2025

Rivian Automotive beat Wall Street’s fourth-quarter earnings expectations and achieved its first gross quarterly profit – a target closely watched by investors – but is forecasting lower sales in 2025. The electric vehicle maker reported a gross profit, which includes production and sales but does not factor in other expenses, of $170 million during the

Rivian beats Wall Street’s fourth-quarter expectations, but expects lower deliveries in 2025 Read More »

Trump is ‘not happy’ with Boeing over Air Force One delays, but airlines are growing upbeat

Trump is ‘not happy’ with Boeing over Air Force One delays, but airlines are growing upbeat

Boeing 737s on the ground in Renton, Washington. Leslie Josephs | CNBC President Donald Trump expressed frustration in recent days about the long wait for a pair of Boeing 747s that will serve as the new Air Force One planes. The planes are years behind schedule. Trump negotiated the $4 billion contract for the aircraft

Trump is ‘not happy’ with Boeing over Air Force One delays, but airlines are growing upbeat Read More »

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