The US Food and Drug Administration said on Friday it has approved the expanded use of Sanofi’s type 1 diabetes injection in children aged 8 to 17 years who were…
Category: Companies
Shell prepares to sell offshore wind farms in shift away from renewable energy
Shell Plc is preparing to launch a sale of its offshore wind farms in the oil major’s latest move away from renewable energy to focus on its higher-returning fossil fuel…
US Justice Department clears Paramount’s acquisition of Warner Brothers
The US Justice Department’s Antitrust Division said it has cleared Paramount Skydance Corp’s planned $110-billion acquisition of Warner Brother. Discovery, saying it was unlikely to harm competition or consumers. DOJ…
SpaceX IPO winners list: From Elon Musk’s $750 billion to Google’s $132 billion payday
SpaceX began trading on Friday, and with it came one of the most consequential wealth creation events in the history of American business. From the world’s first trillionaire to a…
No more Meta layoffs this year! Zuckerberg admits making mistake in AI workforce overhaul
Meta CEO Mark Zuckerberg has told employees that the social media giant has made mistakes in its AI transformation of its workforce, according to an internal memo seen by Reuters.…
Anthropic ‘abruptly’ disables Fable 5, Mythos 5 to comply with US govt directive; says ‘this is a misunderstanding’
Anthropic has abruptly disabled global access to its Fable 5 and Mythos 5 artificial intelligence models after the US government issued an export control directive on national security grounds, ordering…
Paramount wins DOJ approval for Warner Bros. Discovery merger as $7 million daily fee deadline looms
The US Department of Justice has formally approved David Ellison’s Paramount Skydance to acquire Warner Bros. Discovery for approximately $110 billion, clearing the most significant federal regulatory hurdle in a…
Officials say sprinklers at California medical equipment warehouse didnt work during blaze
TRACY, Calif. (AP) — Firefighters responding to a a massive medical equipment warehouse in Northern California and sent embers flying for miles were hindered by sprinklers and hydrants that weren’t…
ED arrests two former Reliance Anil Ambani Group executives in money laundering case
The Enforcement Directorate on Friday arrested two former executives of the Reliance Anil Ambani Group (RAAG) under the Prevention of Money Laundering Act (PMLA) in Mumbai, officials said. The ED…
Advent International Is Said Near Close of $26 Billion Fund
(Bloomberg) — Advent International is nearing the final close of a $26 billion buyout vehicle, raising one of the biggest pools of capital in the private equity industry, according to…