Novo Nordisk responded this week to the Federal Trade Commission’s (FTC) suggestion that it filed ‘junk’ patents to prevent competition and raise prices. Moderna stock surged on Thursday after its first-quarter earnings report blew past Wall Street’s expectations . And Johnson
Electric vehicles are back in the spotlight this week, with major automakers — namely those owned by the Hyundai Motor Co. — touting their growing sales of the cleaner cars. Xiaomi, Tesla’s newest rival in China, is building — and selling — the new SU7 like hotcakes. And
Wendy’s said it’s being careful about pricing , likely in an effort to avoid the public relations fiasco of February. McDonald’s is seeing a slowdown in sales, which it is chalking up to consumers in the U.S. being more “ discriminating with every dollar .” And Walmart plans to
The growing demand for artificial intelligence is heating up the talent war among companies, and putting heat on the government. On Wednesday, Google sent a letter to the Department of Labor, urging it to update its immigration policies to include AI and cybersecurity to keep
"If you’re currently protesting against the genocide of the Palestinian people & for your university’s divestment from Israel, keep going. It’s working," Hims CEO Andrew Dudum tweeted.
Bird flu continues to be a real public health threat, but apparently not to our food supply at least. The Food and Drug Administration and U.S. Department of Agriculture separately announced late Wednesday that their tests of pasteurized milk and ground beef failed to find any
As NASA prepares to send astronauts to the Moon as part of the upcoming Artemis 2 mission, the space agency still needs to resolve a few lingering issues with its Orion capsule that could jeopardize the safety of the crew on board, according to a new report. Read more...
If you were born early enough to come into semi-adulthood in 1999, you used to have a Nokia 3210. OK, maybe you didn’t, but your friend or a family member had one, or they had a slightly later model. Maybe you forgot about it completely because, for hell’s sake, it’s been 25
“Peloton needs someone who knows the industry,” Lou Lentine told The Post. “I’m running the same company but smaller and we are doing the same things every day but better with fewer employees and less debt.”
Apple’s approval of its biggest-ever, $110 billion stock buyback has investors very excited — so excited that they’re willing to overlook its weak iPhone sales. Immediately following Apple’s announcement of the share repurchases in its fiscal second quarter earnings report, its
Tesla is giving up on its ambitious plan for a “gigacasting” manufacturing process in another sign the automaker is looking for a new footing as sales fall and competition rises. Read more...
Another whistleblower who raised safety concerns about production practices related to Boeing has died. Joshua Dean, who previously worked as a quality auditor at the plane manufacturer’s supplier, Spirit AeroSystems, died Tuesday as the result of a “sudden, fast-spreading
On Thursday, Peloton stock dropped almost 10% following the announcement of 400 job cuts and the departure of CEO Barry McCarthy, who took the position in 2022. Karen Boone and Chris Bruzzo will serve as interim co-CEOs until the company completes its search for McCarthy’s
More businesses are making use of artificial intelligence — and it has potential to drive innovation and improve productivity growth, a new report says. Read more...
The stock of the online marketplace Etsy fell more than 15% on Thursday and was the worst performer on the S&P 500. Its latest earnings report showed a drop in gross merchandise sales and a weak guidance report. Read more...
U.S. stocks rose broadly Thursday afternoon as investors awaited Apple’s quarterly earnings report after markets close and the monthly jobs report due Friday. Read more...
Trump Media & Technology Group stock climbed 9% on Thursday afternoon after CEO Devin Nunes made another call to Congress to investigate firms for what he called “potential manipulation” of the company’s stock Read more...