Business news

Business news • Jul 07

Vertex Pharma Makes A $10 Billion Deal; Crinetics Stock Doubles

Crinetics stock nearly doubled Tuesday after Vertex Pharmaceuticals pledged $10 billion to buy the endocrinology-focused biotech company.

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Business news • Jul 07

Introducing Muse Image and Muse Video

We're excited to launch Muse Image and preview Muse Video, the first media generation models developed by Meta Superintelligence Labs.

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Business news • Jul 07

Stock market today: Dow, S&P 500, Nasdaq fall as Samsung, DeepSeek spark chip sell-off and oil rises

US stocks fell on Tuesday after Samsung's (016360.KS) quarterly results and reports that China's DeepSeek is developing its own AI chip triggered renewed...

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Business news • Jul 07

Roundup: New Fiat EV / Microsoft using its own AI / Workforce housing

More like a golf cart: The Fiat Topolino, a tiny all-electric vehicle from Stellantis, is launching in the U.S. starting at $13,995 for use in private...

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Business news • Jul 07

Oregon regulators approve 30% electricity rate hike for data centers near Portland

The Oregon Public Utility Commission on Tuesday approved Portland General Electric's plan to raise rates for data centers by nearly 30%,...

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Business news • Jul 07

SF Supervisor to Launch Inquiry on Waymo's July Fourth Traffic Meltdown

San Francisco streets turned to gridlock after a special Fourth of July Golden Gate Bridge fireworks show. City leaders are working to understand the root...

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Business news • Jul 07

Nearly 1 million investors in Trump's memecoin lost a collective $3.8 billion as he cashed in

The president launched the $TRUMP coin just before his inauguration last January.

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Business news • Jul 07

Presidents aren't supposed to pick winners, former White House ethics lawyer says. Trump keeps choosing Dell

Michael Dell's company was already riding the AI-server boom. His long history of presidential access now has a Trump-era twist: public praise that moves...

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Business news • Jul 07

The Viral Starbucks "Bearista" Cup Has Returned With The Cutest Upgrade

A look at the Pink Vibes merch collection from Starbucks, inspired by the viral Pink Drink. The lineup includes a new Bearista cold cup, Owala bottle,...

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Business news • Jul 07

The Adorable Fiat Topolino Has Landed in the United States at Less Than $15,000

It's not quite a car, more of a fancy golf cart, but the 14985 Fiat Topolino sure is a bargain.

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Business news • Jul 07

AI Chip Stocks Fall Despite Samsung Blowout

This article first appeared on GuruFocus. AI memory and chip stocks fell Tuesday even after Samsung Electronics (SSNLF) projected a 19-fold jump in Q2...

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Business news • Jul 07

Breakingviews - Wall Street gets high on Elon Musk's SpaceX supply

NEW YORK, July 7 (Reuters Breakingviews) - As far as Wall Street is concerned, Elon Musk's aura is worth even more than his fortune.

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Business news • Jul 07

USPS to raise the price of a Forever stamp to 82 cents on Sunday. Here's what to know.

The U.S. Postal Service on Sunday will raise the price of a first-class Forever stamp from 78 cents to 82 cents, the latest in a series of increases aimed...

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Business news • Jul 07

U.S. Trade Deficit Widens in May on Record Goods Imports

The United States trade deficit in goods and services widened to $77.6 billion in May as America imported more goods than it sold abroad.

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Business news • Jul 07

Introducing Muse Image: Image Generation Built for Your World

Muse Image is the first image generation model from Meta Superintelligence Labs, now available in Meta AI.

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Business news • Jul 07

Microsoft dashes game developer dreams

Microsoft's M&A ambitions might be changes, as it revamps Xbox.

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Business news • Jul 07

Chip stocks sell off after Samsung earnings fall short of high AI bar

Samsung Electronics' results weren't enough to please investors after stock's 145% run up.

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Business news • Jul 07

Experts Say There’s Now an Open Source AI Model as Scary as Mythos

Chinese AI company Z.ai released an open-weight model, dubbed GLM-5.2, which experts warn could be just as dangerous as Anthropic's Mythos.

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Business news • Jul 07

FDA approves Vera Therapeutics kidney disease treatment

The Food and Drug Administration on Tuesday approved a new medicine from the biotech company Vera Therapeutics for patients with a type of chronic...

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Business news • Jul 07

Toyota to invest $3.6B in plant expansion, will shift Tacoma production from Mexico to Texas

Toyota will invest $3.6 billion to expand its San Antonio plant, create about 2000 jobs and transition some Tacoma pickup production from Mexico to Texas.

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