Sam Altman, co-founder and CEO of OpenAI Inc., speaks during TechCrunch Disrupt 2019 in San Francisco, California, Thursday, Oct. 3, 2019. David Paul Morris | Bloomberg | Getty Images OpenAI CEO Sam Altman said in a recent interview with ABC News that he is “a little bit scared” of artificial intelligence technology and how it … Read more
Carl Icahn Adam Jeffery | CNBC Biotech company Illumina pushed back Monday against Carl Icahn’s proxy fight over the company’s acquisition of cancer test developer Grail, saying the activist investor’s board nominees “do not add value.” The San Diego-based DNA sequencing company released its latest response to Icahn’s scathing criticism of the $7.1 billion deal … Read more
The headquarters of First Republic Bank is seen on March 16, 2023 in San Francisco, California. Tayfun Coskun | Anadolu Agency | Getty Images Check out the companies making headlines before the market’s opening bell. First Republic — The bank fell about 19% premarket after Standard & Poor’s cut its credit rating again to B+ … Read more
A “Now Hiring” sign is displayed on a storefront on October 21, 2022 in New York City. Leonardo Munoz | See Press | Corbis News | Getty Images Job openings fell slightly in January but still far outnumber unemployed workers as the labor picture remains tight, according to data released Wednesday. The Labor Department’s Job … Read more
Businesses added jobs at a brisk pace in February as the U.S. labor market continued to hum, payroll services firm ADP reported Wednesday. Private payrolls rose 242,000 for the month, ahead of the Dow Jones estimate of 205,000 and well above the upward gain of 119,000 jobs from 106,000 in January. Wage growth slowed slightly … Read more
WASHINGTON — A Russian fighter jet shot down a US drone operating over the Black Sea on Tuesday, US European Command said in a statement. “Our MQ-9 aircraft was conducting routine operations in international airspace when it was intercepted and hit by a Russian aircraft, resulting in the crash and total loss of the MQ-9,” … Read more
US Food and Drug Administration officials said Monday that Biogen’s investigational ALS drug may have a “clinical advantage” in a rare and aggressive form of the disease, despite the failure of a broader late-stage clinical trial last year. The staff made the conclusion in briefing documents ahead of a meeting Wednesday where a panel of … Read more
Job creation slowed in February but was still stronger than expected despite the Federal Reserve’s efforts to slow the economy and reduce inflation. Nonfarm payrolls rose by 311,000 for the month, the Labor Department reported Friday. That was above the Dow Jones estimate of 225,000 and a sign that the labor market is still hot. … Read more
Almost four years ago, Disney’s the streaming service Disney+ launched with a new Star Wars series called “The Mandalorian”. Helmed by Jon Favreau and Dave Filoni, the western-inspired sci-fi show captivated audiences and launched a new era of Star Wars storytelling. Now in its third season, “The Mandalorian” has inspired Disney and Lucasfilm to invest … Read more
Novo Nordisk Inc. NovoLog insulin pens are arranged for a photograph in the Brooklyn borough of New York, the United States, on Friday, April 5, 2019. Alex Flynn | Bloomberg | Getty Images Novo Nordisk announced plans on Tuesday to cut the price of several insulin drugs by up to 75% in the US, becoming … Read more