Business news

Business news • Jun 01

Barry Diller's People offers to buy casino giant MGM Resorts for $48.30 per share

Barry Diller's People Inc. extended an offer for MGM Resorts at $48.30 per share.

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Business news • Jun 01

A cancer vaccine made just for you. mRNA is back and it's fighting melanoma

A study finds that an mRNA vaccine is highly effective at preventing recurrence of this dangerous skin cancer, when used in combination with Keytruda,...

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Business news • Jun 01

Motorola Solutions acquires Israeli drone defense startup D-Fend for $1.5 billion

Israeli defense technology startup D-Fend has been acquired for $1.5 billion by the U.S. company Motorola Solutions. D-Fend operates in the rapidly growing...

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Business news • Jun 01

Lilly locks in vague, 5-program pact with Haisco worth up to $3B

Within hours of securing a gastrointestinal drug from Korea's Hanmi, Lilly has ramped up the biobucks for a wider-ranging pact with China's Haisco.

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Business news • Jun 01

'Disrupted or dead': AI is crushing a generation of startups built before ChatGPT

Nearly half of America's 857 unicorn startups haven't raised fresh funding in three years, PitchBook data shows. Startups that last raised in 2021 are worth...

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Business news • Jun 01

Berkshire buys homebuilder Taylor Morrison for $8.5bn in Abel’s first big deal

First substantial acquisition under new chief is a bet on eventual recovery in property sector.

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Business news • Jun 01

What’s Behind Tilman Fertitta’s $18 Billion Bet On Caesars Entertainment

Houston billionaire Tilman Fertitta, recently serving as ambassador to Italy, is acquiring casino giant Caesars Entertainment for $6 billion cash and...

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Business news • Jun 01

Warren Buffett's Successor, Greg Abel, Started His Tenure With a Bang by Dumping Amazon and More Than Tripling Berkshire's Stake in a Virtual Monopoly

The Oracle of Omaha's protege sent Amazon shares packing in favor of a multifaceted winner whose stock has soared more than 15500% since its initial public...

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Business news • Jun 01

Paramount's Delrahim slams 'fear-mongering' and partisan politics clouding Warner Bros. deal

President Trump once said he would be involved in the Warner Bros. sale but Paramount lawyer Makan Delrahim said the company has "no deals" with the...

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Business news • Jun 01

Opinion | Bernie Sanders: A.I. Is a Public Resource. You Should Own Half of It.

All Americans should have a stake in the future of this technology.

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Business news • Jun 01

Stocks reach new high as AI pushes market, even amid Gulf oil crisis

Global stocks traded at record highs on Monday as the AI boom continued to drive demand, offsetting news of fresh attacks in the Gulf that challenged...

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Business news • Jun 01

'Happy [and safe] shooting!' AI chatbot's chilling message

An investigation into how AI chatbots respond to violent requests produces "deeply disturbing" results, as OpenAI denies ChatGPT encourages crime.

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Business news • Jun 01

Nikkei ends at record high on Middle East optimism

Japan's benchmark Nikkei 225 stock average finished at a fresh closing high Monday after briefly topping 67,000 for the first time, as growing optimism over...

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Business news • Jun 01

Japan, South Korea stocks hit more records, as oil gains on Iran war ceasefire hope

Stock markets in Japan and South Korea hit fresh record highs Monday on enthusiasm over the artificial intelligence boom and as investors await a decision...

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Business news • Jun 01

States Warn Paramount Skydance-Warner Bros Deal Threatens Competition

State attorneys general believe Paramount Skydance's bid for Warner Bros. Discovery could harm competition in blockbuster film distribution and streaming.

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Business news • Jun 01

SoftBank overtakes Toyota after over 20 years to become Japan’s largest company

Demand for AI stocks powers tech giant's shares as it takes top spot by market capitalisation.

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Business news • Jun 01

S&P 500 closes at a record to kick off June trading as tech rally overpowers oil spike: Live updates

Stock futures advanced early Monday as Wall Street looked to kick off June at record highs. S&P 500 futures and Nasdaq 100 futures rose 0.29% and 0.57%...

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Business news • Jun 01

Oil Rises From Six-Week Low Amid Uncertainty Over US-Iran Deal

(Bloomberg) -- Oil rose from a six-week low amid uncertainty over the outlook for a peace deal to end the war in Iran. Most Read from BloombergUS Says Deals...

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Business news • Jun 01

Ex-US Fed Chair Powell warns against politicisation amid Trump’s attacks

Jerome Powell says the US central bank is undergoing a 'stress test' like other institutions in the current era.

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Business news • Jun 01

NVIDIA Launches Cosmos 3, the Open Frontier Foundation Model for Physical AI

NVIDIA today launched NVIDIA Cosmos™ 3, an open world foundation model for physical AI built on a breakthrough mixture-of-transformers architecture that...

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