Norway wealth fund says Novo, Eli Lilly may join trillion-dollar club

Norway wealth fund says Novo, Eli Lilly may join trillion-dollar club

A pharmacist displays boxes of Ozempic, a semaglutide injection drug used for treating type 2 diabetes made by Novo Nordisk, at Rock Canyon Pharmacy in Provo, Utah, U.S. March 29, 2023.  George Frey | Reuters Norway’s giant wealth fund, the world’s largest, touted the possibility that Danish drugmaker Novo Nordisk and U.S. rival Eli Lilly … Read more

Starboard urges GoDaddy to set ‘prudent’ guidance

Starboard urges GoDaddy to set ‘prudent’ guidance

The GoDaddy banner hangs outside of the New York Stock Exchange as the website hosting service makes its initial public offering (IPO) on April 1, 2015 in New York City. Spencer Platt | Getty Images Activist investor Starboard Value on Wednesday sent a letter to web-services company GoDaddy, urging management to continue moving “in the … Read more

Meta chief Mark Zuckerberg criticized over child sex targeting on site

Meta chief Mark Zuckerberg criticized over child sex targeting on site

New Mexico Attorney General Raúl Torrez discusses the nexus of public safety, mental health and adverse child experiences during a news conference following a summit in Albuquerque, N.M., Friday, Nov. 3, 2023. Susan Montoya Bryan | AP New Mexico’s attorney general slammed Meta and its CEO Mark Zuckerberg on Wednesday for failing to protect children … Read more

Volkswagen sets up AI lab as car industry looks to embrace the tech

Volkswagen sets up AI lab as car industry looks to embrace the tech

Volkswagen, like other car giants, are pushing heavily into AI to boost their technology credentials and make their cars smarter. Ismail Aslandag | Anadolu via Getty Images German automaker Volkswagen has established its own artificial intelligence lab, the company said Wednesday, reflecting growing ambitions from the car industry to adopt the buzzy technology. In a … Read more

Voyager’s Starlab space station buys SpaceX Starship launch

Voyager’s Starlab space station buys SpaceX Starship launch

An artist’s rendering of the Starlab space station in low Earth orbit. Voyager Space / Starlab Space LLC A contract written in the stars. Private station Starlab will fly on a Starship rocket later this decade to get to orbit, the companies’ developing both spacecraft announced on Wednesday. Starlab – being built by Voyager Space … Read more

CEOs of Meta, TikTok, X and other social media firms to testify at hearing on child safety

CEOs of Meta, TikTok, X and other social media firms to testify at hearing on child safety

Mark Zuckerberg, CEO of Meta, attends a U.S. Senate bipartisan Artificial Intelligence Insight Forum at the U.S. Capitol in Washington, D.C., Sept. 13, 2023. Stefani Reynolds | AFP | Getty Images Mark Zuckerberg, Linda Yaccarino, Evan Spiegel and other leading social media executives face a grilling on Wednesday from lawmakers concerned about child exploitation and … Read more

Ex-UK finance minister joins Coinbase crypto exchange

Ex-UK finance minister joins Coinbase crypto exchange

Former British Chancellor George Osborne addresses guests during a visit to the Manchester Chamber of Commerce on July 1, 2016 in Manchester, England. Christopher Furlong | Getty Images LONDON — A former British finance minister on Wednesday joined cryptocurrency exchange Coinbase as a global advisor, beefing up the company’s regulatory bargaining power at a time … Read more

Elon Musk Tesla pay package court ruling highights

Elon Musk Tesla pay package court ruling highights

Elon Musk, chief executive officer of Tesla Inc., during a fireside discussion on artificial intelligence risks with Rishi Sunak, UK prime minister, not pictured, in London, UK, on Thursday, Nov. 2, 2023.  Tolga Akmen | Bloomberg | Getty Images The bombshell, 200-page Delaware court ruling Tuesday ordering Tesla to undo its massive $56 billion compensation … Read more

We’re raising our Alphabet price target after earnings that shouldn’t have dinged the stock

We’re raising our Alphabet price target after earnings that shouldn’t have dinged the stock

Alphabet delivered better-than-expected fourth-quarter sales and earnings after the closing bell Tuesday. While there was some weakness in the key advertising parts of Google’s business, there was also a lot to like, despite the stock decline. Total revenue rose 13.5% year-over-year to $86.31 billion, outpacing the $85.33 billion expected, according to estimates compiled by LSEG. … Read more

Wall Street punishes Alphabet and Microsoft despite earnings beats

Wall Street punishes Alphabet and Microsoft despite earnings beats

Google CEO Sundar Pichai speaks at a panel at the CEO Summit of the Americas hosted by the U.S. Chamber of Commerce on June 09, 2022 in Los Angeles, California. Anna Moneymaker | Getty Images Results were good, but not good enough. That’s Wall Street’s reaction to quarterly results on Tuesday from Alphabet and Microsoft. … Read more