EU Vote on Tesla’s Supervised FSD System Delayed Until December
A European Union vote on whether to allow Tesla’s supervised Full Self-Driving (FSD) system across the bloc has been pushed back, with the earliest apparent opportunity for a decision now in December. The agenda...
Americans Turn to Costlier Alternatives as Obamacare Coverage Becomes Unaffordable
Rising premiums and deductibles are pushing millions of Americans out of Affordable Care Act marketplace plans, leaving many to seek cheaper but less comprehensive alternatives or go without insurance. Self-employed photographer Stacy Cox, 49,...
Microsoft Expands Copilot With Coding and AI Agent Tools
Microsoft on Friday unveiled new capabilities for its Copilot app, including a coding tool and an always-on artificial intelligence agent, as the software giant seeks to turn its AI assistant into a one-stop workplace...
ADARx Pharmaceuticals Raises $446.3 Million in Upsized US IPO
ADARx Pharmaceuticals raised $446.3 million in an upsized US initial public offering, pricing 26.3 million shares at $17 each, the top end of its marketed range. The San Diego-based biotech had initially planned to...
Alabama Trial Puts TikTok’s Teen Safety Practices Under Scrutiny
An Alabama jury is set to hear the state’s claims that TikTok and its Chinese parent company ByteDance made the platform addictive to young users and misled consumers about its safety. The trial, beginning...
Hedge Funds Pull Back from Treasury Basis Trade as Profitability Declines
Hedge funds are scaling back their leveraged Treasury basis trades as declining profitability and improved market conditions reduce the appeal of the strategy. Funds committed to the trades have fallen 20% this year to...
Oracle Cites Force Majeure to Shield Against Data Centre Cost Risks
Oracle is seeking to protect itself from potential cost increases linked to a major data centre project in New Mexico by issuing a “force majeure” notice to developer Blue Owl, Bloomberg News reported on...
MGM Resorts Shares Plunge 10% as Barry Diller Withdraws $18 Billion Buyout Bid
Shares of MGM Resorts International plunged 10% on Thursday after media mogul Barry Diller’s People Inc withdrew its more than $18 billion proposal to acquire the casino operator. MGM shares fell to $33.90, their...
Apple Extends Patent Licensing Agreement with Qualcomm
Qualcomm announced on Thursday that Apple has extended its patent-licensing agreement with the chip designer, even as the iPhone maker continues efforts to reduce its reliance on Qualcomm’s modem chips. The company did not...
Starbucks to Close 250 Underperforming Coffeehouses in North America
Starbucks plans to close 250 underperforming coffeehouses across North America as CEO Brian Niccol intensifies efforts to revive sales and strengthen the company’s business. According to a regulatory filing on Thursday, the closures will...