Signage for Novartis AG at a building in the company’s headquarters campus in Basel, Switzerland, on Monday, Jan. 8, 2023. Bloomberg | Bloomberg | Getty Images Shares of Swiss drugmaker Novartis climbed as much as 4.8% in early deals on Tuesday, after the company raised its full-year guidance following better-than-expected […]
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U.S. ambassador insists security pact with Australia, U.K. won’t spur a nuclear arms race
U.S. President Joe Biden delivers remarks on Australia, United Kingdom, United States (AUKUS) Partnership as Prime Minister Rishi Sunak of the United Kingdom and Prime Minister Anthony Albanese of Australia participate at Naval Base Point Loma in San Diego, California, United States. Tayfun Coskun | Anadolu Agency | Getty Images […]
SoftBank will reportedly invest nearly $1 billion in AI push, tapping Nvidia’s chips
Signage at a SoftBank Corp. store in the Ginza district of Tokyo, Japan, on Wednesday, Nov. 1, 2023. Kiyoshi Ota | Bloomberg | Getty Images Japanese tech conglomerate SoftBank is looking to develop a “world-class” Japanese-language-specific generative artificial intelligence model, and plans to invest $960 million in the next two years to bolster its computing […]
AUKUS won’t spur a nuclear arms race in the region, says U.S. Under Secretary of State
U.S. President Joe Biden delivers remarks on Australia, United Kingdom, United States (AUKUS) Partnership as Prime Minister Rishi Sunak of the United Kingdom and Prime Minister Anthony Albanese of Australia participate at Naval Base Point Loma in San Diego, California, United States. Tayfun Coskun | Anadolu Agency | Getty Images […]
India is a key chip design market, Qualcomm says, as Modi makes semiconductor push
A worker inspects a circuit board for a smartphone at Dixon Technologies’ Padget Electronics Pvt factory in Noida, Uttar Pradesh, India, on Thursday, Jan. 28, 2021. Dixon boasts a market value of more than $2.5 billion and the capacity to produce about 50 million smartphones this year. Photographer: Anindito Mukherjee/Bloomberg via […]
India’s high unemployment is a ‘ticking bomb,’ opposition says, as election battle with Modi’s BJP heats up
India’s position on the global value chain is shifting due to government incentives and a digitally savvy economy Getty Premiums NEW DELHI — As India gears up for the second phase of its general elections, the issue of unemployment is increasingly taking centerstage, with opposition leader Rahul Gandhi charging Prime […]
Activist investor Jana discloses ‘significant’ stake in Wolfspeed, urges semiconductor manufacturer to consider sale
Scott Ostfeld, managing partner and portfolio manager with JANA Partners LLC., speaks during the 13D Monitor’s Active-Passive Investor Summit in New York City, U.S., October 17, 2023. Brendan Mcdermid | Reuters Activist investor Jana Partners disclosed in a letter Monday that it has built a “significant” position in semiconductor manufacturer […]
High global food prices may finally see a bottom in 2024, says Oxford Economics
A food shopper searches for vegetables July 1, 2023 at the Hannaford supermarket in South Burlington, Vermont. Robert Nickelsberg | Getty Images Rising food prices around the world may finally be seeing a bottom this year. According to Oxford Economics, global food prices are expected to decline in 2024, offering […]
Cramer points to positives in Monday’s rebound, but warns against lasting gains
CNBC Investing Club with Jim Cramer Rob Kim | NBCUniversal CNBC’s Jim Cramer noted positive stock performances in the market rebound on Monday, but indicated Big Tech earnings coming this week will tell the tale on whether it will last. The Dow Jones Industrial Average climbed 253.58 points, or 0.67%, to close […]
UnitedHealth paid ransom to bad actors, says patient data was compromised in Change Healthcare cyberattack
Omar Marques | Lightrocket | Getty Images UnitedHealth Group on Monday said it paid ransom to cyberthreat actors to try and protect patient data, following the February cyberattack on its subsidiary Change Healthcare. The company also confirmed that files containing personal information were compromised in the breach. “This attack was […]