A jury found that Abbott Laboratories' specialized formula for premature infants caused an Illinois girl to develop a dangerous bowel disease, ordering the healthcare company to pay $495 million in damages.
Warner Bros. Discovery (WBD) filed a lawsuit against the NBA on Friday in an attempt to keep the leagues games on its cable networks and streaming platforms. Read more...
Tesla did not have a good second quarter for 2024 , and it could have been a whole lot worse had it not been for the U.S. government. Sure, profits fell 45 percent during the time period, but Tesla benefitted from one very important weapon for improving an income statement:
Many AI companies run into the pervasive data issue. Free data on the internet is running out to train AI models. AI bot-makers like OpenAI , Google , and Microsoft have found themselves in the crosshairs of newspapers, authors, and visual artists for using their content to
The Bitcoin 2024 conference has become a political arena, and on its second day, independent presidential candidate Robert F. Kennedy Jr. said that he holds most of his wealth in Bitcoin. Read more...
The summer of recalls continues. After Ice cream , coffee , produce and hot dogs were pulled from grocery store shelves, the U.S. Department of Agriculture (USDA) has now announced a recall of several deli meat products . Read more...
Southwest Airlines presented its quarterly earnings Thursday . The numbers weren’t great — net income was nearly halved from a year ago to $367 million despite a record $7.3 billion in revenue — and with hedge fund Elliott Management mounting a takeover campaign the company
“We fell victim to someone who was able to inject themselves into an ongoing dialogue between ourselves and a payroll company,” said owner Bret Csencsitz.
OpenAI is launching its rival to Google search — but it will have less of an impact on the search-engine giant’s dominance than OpenAI’s partnership with Apple could, analysts say. Read more...
Boeing’s CST-100 Starliner, the spacecraft that has been stuck at the International Space Station for more than a month, might soon have a scheduled return date . NASA and the planemaker said that earthbound testing into the ship’s problematic thruster systems have made it
Not even a week after Kamala Harris took over as the Democratic presidential nominee , major donors are already making demands of her potential administration. Democratic backers in the business sector have called on Harris to fire Federal Trade Commission (FTC) Chair Lina
After a volatile week, the stock market rose on Friday due to the growing U.S. economy and fresh inflation data, leading investors to hope for interest rate cuts later this year. Read more...
Starter homes used to be considered the snug and accessible option for young people and families who are just starting out. But in hundreds of cities across the U.S., that’s no longer the case. Read more...
Vivian Jenna Wilson, the transgender daughter of Tesla’s Elon Musk, called her father cruel, cold, narcissistic, and an absentee parent, in an interview with NBC News . Read more...
Uber, Lyft, and other app-based companies scored a major win on Thursday after California’s Supreme Court upheld a ruling that classifies gig workers as independent contractors rather than employees. Read more...