Tag: Business
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AstraZeneca’s trial flop raises a bigger question: Is its pipeline premium becoming more vulnerable?
For years, AstraZeneca has commanded one of the richest valuations among large European pharma companies on the assumption that it consistently delivers results.
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Meta scraps AI image feature days after launch following privacy backlash
July 10 : Meta said on Friday it is discontinuing an AI feature launched this week that allowed users to generate images using public Instagram accounts, after drawing widespread criticism over privacy concerns, including from a Hollywood union.”Our intent was to provide a useful creative tool and to give peo
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Meta discontinues AI image feature days after launch
July 10 : Meta said on Friday it is discontinuing an AI feature that allowed users to generate images using public Instagram accounts, days after rolling out the feature.”Our intent was to provide a useful creative tool and to give people control over whether their public content could be referenced in this w
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Wall Street climbs, oil slides as investors bet on AI growth over Middle East tensions
WASHINGTON, July 10 : Stocks climbed and oil prices slipped somewhat as investors retained AI-related enthusiasm and shrugged off the ongoing dispute between the U.S. and Iran.All three major U.S. indices ended the day higher Friday, with the Dow Jones Industrial Average rising 0.29 per cent, the S&P 500 clim
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Apple sues OpenAI, two former employees for trade secrets theft
July 10 : Apple on Friday sued OpenAI and two former employees, alleging misappropriation of its trade secrets to benefit the ChatGPT-owner’s foray into consumer hardware, in a dramatic escalation of already simmering tension between the two companies.The complaint, filed in the U.S. District Court for the No
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Apple sues OpenAI alleging trade secret theft, says scheme was ‘at every level’
The two companies entered into a high-profile partnership in 2024 when ChatGPT was integrated into the iPhone’s operating system.
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SK Hynix CEO sees worst memory shortage in 2027, demand to outstrip supply beyond 2030
SEOUL/NEW YORK, July 10 : SK Hynix Chief Executive Kwak Noh-jung said the global memory industry is heading for its worst-ever supply shortage in 2027, forecasting that demand for memory will continue to exceed the company’s ability to produce it well into the next decade despite aggressive capacity expansion.
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Next week brings earnings and inflation data amid resumption of U.S.-Iran hostilities. Here’s what’s ahead
Investors are anticipating the start of earnings season and the release of June inflation data, just as the U.S-Iran war threatens to reassert itself.
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Yen climbs as Japan considers nudging pension funds into domestic assets
NEW YORK, July 10 : The yen strengthened on Friday and was poised for its biggest daily percentage gain in more than a week after Japan said it plans to encourage pension funds to increase their holdings of domestic financial assets.Japanese Finance Minister Satsuki Katayama said the government was pursuing m
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SK Hynix CEO sees worst-ever memory supply shortage in 2027, says demand to outstrip supply beyond 2030
SEOUL/NEW YORK, July 10 : SK Hynix Chief Executive Kwak Noh-jung said the global memory industry is heading for its worst-ever supply shortage in 2027, forecasting that demand for memory will continue to exceed the company’s ability to produce it well into the next decade despite aggressive capacity expansion.
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