Business news

Business news • Aug 05

Some patients to score new super-effective 'Triple G' weight loss drug — before FDA approval

An unapproved weight loss drug is about to become available to more patients. Retatrutide — also known as “reta” — has been shown to produce dramatically...

3 0 0

Business news • Aug 05

Stock market today: Dow, S&P 500 climb as Trump says Hormuz deal is close, Nasdaq gives up gains

US stocks rose modestly on Wednesday after a searing rally, as investors weighed earnings from SpaceX (SPCX) and AMD (AMD) and President Trump's comments...

2 0 0

Business news • Aug 05

Lucid's Cosmos Delayed Until Next Year As It Deals With A $1 Billion Q2 Loss

Lucid really needs this car to do well if it wants to survive into the future, but it also needs to survive long enough to produce it.

3 0 0

Business news • Aug 05

CVS Stock Slides On 2027 Outlook Despite Hearty Earnings Beat

CVS stock reversed lower on 2027 outlook comments after the pharmacy chain easily beat Q2 forecasts and hiked its full-year outlook.

5 0 0

Business news • Aug 05

China's CXMT targets 30% DRAM memory market share by 2030 with sixth mega-fab — future plans bottlenecked by access to advanced chipmaking tools

Following its massive $8.6 billion initial public offering (IPO) in July, ChangXin Memory Technologies (CXMT) began considering building its sixth DRAM fab...

3 0 0

Business news • Aug 05

FanDuel Parent Company to See Change in Leadership

Flutter Entertainment, which in the United States operates the FanDuel sports and horse race betting app, announced Aug 5. that Dan Taylor will be appointed...

6 0 0

Business news • Aug 05

Airline will charge passengers to use overhead compartments for bags

WELLINGTON, New Zealand (AP) — For passengers on the budget Australian airline Jetstar, the days of cramming your bag into an overhead bin already full of...

5 0 0

Business news • Aug 05

AMD falls as investors demand bigger AI payoff

Advanced Micro Devices shares tumbled on Wednesday as the chipmaker's revenue ‌forecast failed to impress investors seeking clearer signs that a...

4 0 0

Business news • Aug 05

SpaceX’s first earnings reveal the cost of becoming an AI giant: Chart of the Day

SpaceX (SPCX) is becoming an AI giant faster than expected — it is also spending like one. The company's first quarterly report as a public company showed...

2 0 0

Business news • Aug 05

'No discussions' over AstraZeneca-Bristol Myers deal, senior source says

There are "no discussions" ongoing ​between AstraZeneca and Bristol Myers Squibb over a potential deal, ‌a senior source close to the matter told Reuters on...

6 0 0

Business news • Aug 05

Disney Has Already Sold All Its Ads For Next Year’s Super Bowl

2027 Super Bowl ads sold out by ESPN and Disney already.

2 0 0

Business news • Aug 05

During a Day of Rancor, Senators Find Common Ground: No One Likes Surveillance Pricing

Republicans and Democrats don't agree on much. But a U.S. Senate hearing on Tuesday seemed to be a rare point of bipartisan agreement.

3 0 0

Business news • Aug 05

Disney Looking to Launch Free Streaming Channels as CEO Josh D’Amaro Doubles Down on the Streaming Biz

'We're just playing a different game,' Disney chief tells analysts as he details his vision for streaming and experiences as the Mouse House's key growth...

3 0 0

Business news • Aug 05

Cloudflare Announces Open-Source Cloudflare OS As AI "Operating System"

Cloudflare today announced the open-sourcing of Cloudflare OS as an 'open platform for agents, apps, and work.' Cloudflare OS is an AI 'operating system'...

5 0 0

Business news • Aug 05

History Says Software-as-a-Service (SaaS) Stocks Will Be the Ultimate AI Winners. 3 SaaS Stocks to Buy Now.

Palantir, Microsoft, and ServiceNow look like potential big AI SaaS winners.

3 0 0

Business news • Aug 05

Ask your employees one question about AI. The silence will tell you everything

AI has made building dramatically easier, yet most employees still aren't creating anything reusable. The hidden barrier is who your people think they are.

4 0 0

Business news • Aug 05

SEC Is 'Ready, Willing And Able' To Replace CLARITY Act If It Fails, Bitwise's Matt Hougan Says

Bitwise Chief Investment Officer Matt Hougan says the SEC is ready to step in with rule-making if the CLARITY Act misses Friday's deadline, arguing crypto...

4 0 0

Business news • Aug 05

Eli Lilly Posts Higher Revenue on Continued GLP-1 Demand

The pharmaceutical company has seen soaring demand for Mounjaro and Zepbound.

5 0 0

Business news • Aug 05

Ken Griffin's Citadel posts best month in years after scooping up Situational Awareness stocks

Citadel's flagship multistrategy Wellington fund, the firm's largest, returned 5.9% in July, marking its best monthly performance since 2022 and pushing...

4 0 0

Business news • Aug 05

Citadel’s flagship fund surges 6% after Situational Awareness swoop

The flagship fund of Ken Griffin's Citadel gained 5.9 per cent in July after it bought billions of dollars of AI stocks in a fire sale from Leopold...

5 0 0