An Exxon gas station is seen on October 06, 2023 in the Brooklyn borough of New York City. Michael M. Santiago | Getty Images Exxon Mobil on Friday reported first-quarter earnings that missed expectations as the industry came under pressure from eroding refining margins and collapsing natural gas prices. Exxon’s […]
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Trump advisors are considering plans to dramatically revamp the Fed, WSJ report says
Former US President Donald Trump speaks to members of the media at Manhattan criminal court in New York, US, on Thursday, April 25, 2024. Jeenah Moon | Via Reuters Former President Donald Trump’s political operatives are putting together a plan that would give him unprecedented influence over the Federal Reserve, […]
FDA approves Pfizer’s first gene therapy for rare inherited bleeding disorder
Pavlo Gonchar | Lightrocket | Getty Images The Food and Drug Administration on Friday approved Pfizer‘s treatment for a rare genetic bleeding disorder, making it the company’s first-ever gene therapy to win clearance in the U.S. The agency greenlit the drug, which will be marketed as Beqvez, for adults with […]
U.S., China to hold first AI talks within ‘weeks’ amid ongoing TikTok stalemate
U.S. Secretary of State Antony Blinken waves as he prepares to depart Shanghai Hongqiao International Airport en route to Beijing, on April 25, 2024. Mark Schiefelbein | Afp | Getty Images The U.S. and China will hold their first high-level talks on artificial intelligence within the “coming weeks,” U.S. Secretary […]
UK tech darling Darktrace rallies 17% after agreeing $5.32 billion private equity sale to Thoma Bravo
In this photo illustration a DarkTrace logo is displayed on a smartphone with stock market percentages in the background. Sopa Images | Lightrocket | Getty Images LONDON — British cybersecurity firm Darktrace on Friday announced it had agreed a sale to U.S. private equity giant Thoma Bravo, for an all-cash […]
China’s Xi says the U.S. needs to accept Beijing’s rise for bilateral relations to improve
U.S. Secretary of State Antony Blinken waves as he prepares to depart Shanghai Hongqiao International Airport en route to Beijing, on April 25, 2024. Mark Schiefelbein | Afp | Getty Images Chinese President Xi Jinping told visiting U.S. Secretary of State Antony Blinken on Friday that Washington needs to look […]
Anglo American rejects BHP’s $39 billion takeover bid to form mining juggernaut
Iron ore mining in western Australia. Cuhrig | E+ | Getty Images Mining giant Anglo American on Friday rejected a takeover bid from rival BHP Group, saying the offer “significantly undervalues” the company and its future prospects. Australia-based BHP on Thursday said it had made an all-share takeover offer which valued the […]
Blinken says U.S. and China must avoid miscalculations as Beijing warns against ‘red lines’
US Secretary of State Antony Blinken (L) shakes hands with China’s Director of the Office of the Central Foreign Affairs Commission Wang Yi at the Diaoyutai State Guesthouse in Beijing on June 19, 2023. (Photo by Leah MILLIS / POOL / AFP) (Photo by LEAH MILLIS/POOL/AFP via Getty Images) Leah […]
Meet the Dubai artist whose work has sold for millions — and turns down 99% of prospective buyers
Contemporary artist Sacha Jafri prides himself on his unique way of working. His “huge” Dubai studio includes three gallery spaces, a digital space, an office and a boardroom. He even has a room dedicated to nonfungible tokens, or NFTs. The space is home to around 40 paintings, largely made up […]
Ukraine can keep on fighting Russia — but the ‘victory’ it wants might be out of reach
Ukrainian servicemen practice combat drills involving a BMP-1 in Donbas, Ukraine as Russia-Ukraine war continues on March 19, 2024. Anadolu | Anadolu | Getty Images With yet another tranche of U.S. aid on its way to Ukraine, Kyiv can breathe a sigh of relief that its forces will receive new […]