Amazon, Google and Microsoft have spent the past year investing billions of dollars in artificial-intelligence startups—while also charging those fledgling companies a similar amount to use their cloud platforms. The deals are…
Tag: industrial news
His Job Was to Make Instagram Safe for Teens. His 14-Year-Old Showed Him What the App Was Really Like.
Listen to article (2 minutes) In the fall of 2021 a consultant named Arturo Bejar sent Meta Platforms Chief Executive Mark Zuckerberg an unusual note. “I wanted to bring to your attention…
Cellectis’ stock is the biggest gainer and most active premarket after equity investment, collaboration pact with AstraZeneca
The U.S.-listed shares of Cellectis S.A. CLLS, +14.02% rocketed 179.3% on very heavy volume in premarket trading Wednesday, after the France-based biotechnology company announced an equity investment of $220 million from AstraZeneca…
Schwab lays off up to 2,154 people out of 35,900 staff as it moves to cut costs
Charles Schwab Corp. has laid of 5% to 6% of its total head count of 35,900 as it moves to contain costs and remove complexity from the broker as it integrates its…
Apple Sales Decline as Smartphone Market Remains Challenged
Apple said quarterly sales fell slightly as the iPhone maker faces declining smartphone demand and new competition in China. Apple sales were $89.5 billion, down less than 1% from the year-ago period…
Goldman Sachs Promotes 608 Managing Directors
Goldman Sachs on Thursday promoted 608 employees to the role of managing director, a smaller group than the last class two years ago. The 2021 class was a record, with 643 employees…
Norwegian Cruise’s stock falls after downbeat outlook offsets record revenue
Shares of Norwegian Cruise Line Holdings Ltd. slumped Wednesday after the cruise operator topped third-quarter profit estimates but cut its full-year outlook as consumers grew cautious about sailings to the Middle East…
Amazon Executives Discussed How Its Policies Hurt Sellers, FTC Suit Says
Updated Nov. 2, 2023 12:17 pm ET Amazon.com executives discussed how its pricing policies had a “punitive aspect” on sellers, according to internal documents quoted in newly unredacted portions of the Federal…
Obesity Drug Demand Outstrips Supply
Eli Lilly’s blockbuster diabetes medication Mounjaro is expected to receive Food and Drug Administration approval as an obesity treatment before the end of the year, which would lead to a surge in…
Amazon Executives Discussed How Its Policies Hurt Sellers, FTC Suit Says
Updated Nov. 2, 2023 12:17 pm ET Amazon.com executives discussed how its pricing policies had a “punitive aspect” on sellers, according to internal documents quoted in newly unredacted portions of the Federal…