AI Simulations Aim to Predict Drug Trial Failures
Artificial intelligence is emerging as a potential tool to help pharmaceutical companies predict whether experimental drugs are likely to succeed before costly human trials. Novartis shares fell 11% after its late-stage trial of experimental...
Jaguar Land Rover Unveils $130,500 Electric Jaguar Type 01 in US Gamble
Jaguar Land Rover (JLR) has unveiled the new Jaguar Type 01, an electric four-door GT with an ultra-long bonnet, no rear window and an array of technology, as the luxury carmaker targets growth among...
Nestlé Scores Big With NBA Deal to Win Over Health-Conscious Youth
Nestlé is making its biggest-ever international sports sponsorship move through a new NBA partnership for its cocoa and malt beverages business, including Milo, Nesquik and Nescau. The four-continent deal spans 21 countries and aims...
PepsiCo Faces Pressure to Deliver Growth as GLP-1 Threat Intensifies
PepsiCo is running out of time to deliver the growth and margin improvements promised after activist investor Elliott Investment Management took a roughly $4 billion stake in the company a year ago. The company’s...
Countries Weigh Restrictions on Smart Glasses Over Privacy Concerns
Governments, courts and businesses around the world are tightening scrutiny of camera-equipped smart glasses amid concerns that devices such as Meta’s Ray-Ban smart glasses could be used to photograph, record videos or capture audio...
Bain Capital, GIC Explore $3.2 Billion Sale or IPO of Japan’s WHI
Bain Capital and Singapore’s sovereign wealth fund GIC are exploring an initial public offering or sale of Japanese human resources software company WHI Holdings at a valuation of at least 500 billion yen ($3.2...
Trump Expands Access to Tax-Free Diesel as Fuel Prices Surge
U.S. President Donald Trump on Monday signed an executive order to expand access to tax-exempt diesel as soaring fuel prices raise concerns ahead of the November 3 midterm elections. Diesel prices reached a record...
US Securities Industry Profits Surge to $45.9 Billion in First Half of 2026
Profits across the US securities industry reached $45.9 billion in the first half of 2026, putting Wall Street on track to set a new annual record, according to a report released by New York...
US Pressures Europe to Release Diesel Reserves or Face Export Ban
The Trump administration has urged Germany and France to release emergency diesel inventories to help ease global fuel prices, warning that the United States could consider restricting diesel exports if Europe does not act,...
Volantis Raises $88 Million to Tackle AI Chip Memory Bottlenecks
San Francisco-based semiconductor startup Volantis has raised $88 million in venture capital to develop technology aimed at addressing a major bottleneck in AI chips — the speed at which computing components can communicate with...