Business

Nvidia and Wall Street Giants Plan $500 Billion Financing Push for AI Infrastructure

Nvidia is reportedly teaming with major Wall Street banks on a $500 billion financing push to fund the global buildout of AI infrastructure.

Vertex Shares Climb as Rival Sionna’s Cystic Fibrosis Drug Fails Key Trial

Vertex Pharmaceuticals shares surged after rival Sionna Therapeutics saw its stock plunge roughly 90% on a failed cystic fibrosis drug trial.

US Appeals Court Clears Path for Thousands of Social Media Addiction Lawsuits

A US appeals court has allowed thousands of lawsuits accusing social media firms of addicting young users to move forward, testing Section 230 protections.

Powerful 7.4 Earthquake Strikes Western Colombia, Killing at Least 20

A magnitude 7.4 earthquake struck western Colombia on Monday, killing at least 20 people and collapsing more than a dozen buildings across several cities.

Sony and TSMC Plan $6.3 Billion Joint Venture to Produce Image Sensors in Japan

Sony and TSMC are set to invest about $6.3 billion in a joint venture to manufacture advanced image sensors in Japan, deepening their chip partnership.

Google Offers Buyouts to Platforms and Devices Employees Amid Cost-Cutting Moves

Google is offering voluntary buyouts to employees in its Platforms and Devices unit, signaling potential workforce reductions as the company continues to focus on...

Tesla to Launch Updated Model Y in U.S. This March

Tesla has announced that it will begin deliveries of the newly refreshed Model Y SUV in the U.S. starting in March, according to updated...

Meta Announces $60-$65 Billion AI Investment for 2025

Meta CEO Mark Zuckerberg announced on Friday that the company plans to invest between $60 billion and $65 billion in capital expenditures in 2025...

Twilio Stock Jumps 20% After Strong Profit Forecast and Growth Plans

Twilio shares soared 20% on Friday, marking their biggest gain since the early days of the pandemic. The cloud communications company unveiled an optimistic...

Meta Introduces Ads on Threads as Monetization Begins

Meta has announced that it will begin testing advertisements on its Threads platform with a select group of companies in the U.S. and Japan....

Moderna’s Norovirus Vaccine in Late-Stage Trials Amid Rising Infections

Norovirus cases are surging across the U.S. this winter, but Moderna may soon offer a solution. The biotechnology company is conducting a large Phase...

AI Controversy Surrounds Oscar-Nominated Films The Brutalist and Emilia Pérez

Two of this year’s most-nominated films at the Academy Awards, The Brutalist and Emilia Pérez, have sparked debate over their use of artificial intelligence...

Nikola Stock Drops 27.8% Amid Reports of Potential Sale

Nikola Corporation saw its shares plunge 27.8% on Thursday following reports that the struggling electric truck manufacturer is considering selling parts or all of...

Boeing Faces $4 Billion Loss Amid Safety Crisis and Strike

Boeing is bracing for a significant financial setback, expecting a $4 billion loss for the fourth quarter of 2024. The aircraft manufacturer continues to...

Universal Prepares for “Wicked: For Good” with a Fresh Marketing Strategy

Universal is riding the wave of success from Wicked and preparing for the release of its sequel, Wicked: For Good, set to hit theaters...

American Express Reports Rising Card Spending Among Millennials and Gen Z

American Express reported an uptick in cardholder spending late last year, driven by millennials and Gen Z customers. In the fourth quarter, spending on...

Apple’s Parental Controls Face Limitations in Protecting Kids Online

Parents increasingly rely on Apple’s built-in parental controls to safeguard their children’s online experiences on iPhones, iPads, and Macs. However, recent findings suggest these...

FDA Approves Johnson & Johnson’s Spravato as Standalone Treatment for Depression

The Food and Drug Administration (FDA) has approved Spravato, Johnson & Johnson’s nasal spray treatment, as a standalone therapy for treatment-resistant depression (TRD). This...

Disney’s Moana 2 Joins Billion-Dollar Club, Extending Studio’s Box Office Dominance

Disney’s reign at the box office continues, as Moana 2 has officially surpassed $1 billion in global ticket sales over the Martin Luther King...

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