Elon Musk says xAI has acquired X in deal that values social media site at $33 billion
In a social media post on Friday, Elon Musk said his startup xAI has acquired his social media company X.…
Category: Economy
Novo Nordisk’s diabetes pill slashes risk of cardiovascular complications by 14% after four years
The results pave the way for Rybelsus to become a new treatment option for people living with diabetes and established…
Trump says Skadden, Arps law firm will provide $100 million in pro bono legal services, avoiding executive order
Earlier, two "Big Law" firms sued the Trump administration over the president's executive orders targeting them. ...
AppLovin CEO urges investors to ‘dig deeper’ after short-seller report, company retains Alex Spiro
Applovin CEO Adam Foroughi published a blog post late Thursday after the company's stock plunged on a third short-seller report.…
Amazon MGM Studios boss Jen Salke to step down. Read the internal memo
Amazon hired Salke in 2018 to oversee its movie and television unit. The company became a bigger player in the…
Core inflation in February hits 2.8%, higher than expected; spending increases 0.4%
The PCE price index was expected to increase 0.3% in February while spending was projected to rise 0.5%. ...
Nvidia-backed CoreWeave opens at $39 per share after biggest U.S. tech IPO since 2021
CoreWeave received the most proceeds from a U.S. technology IPO since automation software maker UiPath went public in 2021. ...
Shares of Asia’s automakers fall as Trump announces 25% tariffs on car imports
Shares of Asia's automakers fell after U.S. President Donald Trump announced he will impose tariffs on cars not made in…
The concern with CoreWeave’s 250,000 Nvidia chips ahead of its IPO
CoreWeave sells access to Nvidia graphics processors as a service, allowing developers to rent chips by the hour so they…