Business news

Business news • Jun 04

ADC Therapeutics' shares plummet after patient deaths in trial of Zynlonta

Three times as many deaths in the study arm vs. the control arm in a trial of ADC's Zynlonta have raised questions about the antibody-drug conjugate.

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Business news • Jun 04

Canada bids to lead middle powers in AI sovereignty race

The Liberal government is betting that Canada can carve a path away from U.S. technology.

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Business news • Jun 04

Private Credit’s Resurgent Redemptions Shatter Short-Lived Calm

Private credit's very bad month started on March 2, when Blackstone Inc.'s BCRED revealed what was at the time its largest investor redemptions ever.

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Business news • Jun 04

KPMG’s global bosses refused to probe Australia whistleblower claims

KPMG's global bosses repeatedly refused to investigate concerns raised by a whistleblower in its Australian business, a decision that threatens to widen a...

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Business news • Jun 04

SpaceX launches IPO website for retail investors as it seeks record $75 billion in public offering next week

Confirming earlier reporting, SpaceX said in a filing it will seek proceeds of $75 billion from its IPO, a record amount for any initial public offering.

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Business news • Jun 04

Who’s Excited for SpaceX’s I.P.O.? Space Nerds.

Few are as delighted by the pending market debut as the vibrant community of space enthusiasts who want to push discovery of the final frontier.

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Business news • Jun 04

Gwynne Shotwell, Elon Musk’s No. 2 at SpaceX, Is the Company’s Steady Hand

Gwynne Shotwell, the president and chief operating officer, is the adult-in-the-room foil to Mr. Musk as SpaceX prepares for a blockbuster initial public...

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Business news • Jun 04

Terms Revealed for SpaceX’s Unconventional $75 Billion IPO

Company plans to sell shares at $135 apiece, eschewing norm of setting a price range and incorporating investor feedback.

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Business news • Jun 04

McDonald's employee suffers severe burns after coworker allegedly throws hot oil on him

YUBA CITY, Calif. — A man is in custody after allegedly throwing hot oil on a coworker at a Yuba City McDonald's. The incident happened at the McDonald's at...

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Business news • Jun 04

McDonald’s Employee Allegedly Told a Customer to “Give Us More Time” at 5:01 AM — He Left and Posted About It

He arrived at 5:01 AM. The employee said he needed to give them more time. He left.

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Business news • Jun 04

Blackstone restricts flagship fund withdrawals as private asset fears reemerge

Blackstone announced Thursday it was restricting withdrawals from its flagship fund following a spike in investor redemption requests.

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Business news • Jun 04

Ford Is Out With a Recall and a Do-Not-Drive Order

Ford is recalling almost 420000 vehicles because of a seat belt issue that may result in an injury if a crash occurs. The National Highway Traffic Safety...

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Business news • Jun 04

Why Is Micron Stock Falling Thursday?

Micron Technology, Inc. (NASDAQ:MU) stock traded lower in Thursday's premarket session as semiconductor stocks came under pressure after investors reacted...

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Business news • Jun 04

SpaceX IPO hype has traders flocking to this mid-cap stock

Options volume is picking up in Nasdaq-listed Echostar, a $35-billion networking business based in Colorado that owns an estimated 3% of SpaceX stock.

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Business news • Jun 04

Oil industry warns Trump administration of price spikes within weeks

Industry executives said loss of oil through the Strait of Hormuz is draining petroleum inventories to dangerously low levels.

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Business news • Jun 04

The labor market’s next chapter is taking shape. Here’s what to watch for in Friday’s jobs report

The labor market may be rousing from its slumber. Economists are expecting that Friday's jobs report will show that the US economy added 105,000 jobs in May...

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Business news • Jun 04

US Tech Sector Announces Most Job Cuts in Nearly Two Years

US technology companies in May announced the most job cuts in nearly two years as they ramp up spending on artificial intelligence.

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Business news • Jun 04

A CEO told employees they won't get raises in 2026 because the budget is going to AI

Cloud software firm Teradata has told employees not to expect annual salary raises in 2026, and says it is putting the money towards AI instead.

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Business news • Jun 04

EU’s tech independence push disappoints Brussels and irks the Americans

BRUSSELS — In crafting its so-called tech sovereignty package, the European Commission had two goals: to put in place a plan to wean Europe off U.S. tech,...

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Business news • Jun 04

Polymarket says No for May, Yes for June after Strategy's recent bitcoin sale

Polymarket resolved its disputed bitcoin-sale prediction markets by ruling the May 31 contract No and the June 30 contract Yes, following a vote by UMA...

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