The recent lawsuit filed by the Center for Investigative Reporting (CIR) against OpenAI and Microsoft highlights a growing concern within the news industry regarding copyright infringement. This lawsuit follows similar legal action taken by other publications, including The New York Times, Chicago Tribune, and the New York Daily News. The CIR accuses OpenAI of using
industry
GSK’s shares took a hit, dropping as much as 7% following a U.S. public health agency‘s change in recommendation for the use of respiratory syncytial virus (RSV) vaccines. This change directly affects the drugmaker’s new blockbuster medicine, Arexvy, which was introduced in the United States last summer. The recommendation by the U.S. Centers for Disease
Nvidia CEO Jensen Huang attributes the company’s success in the artificial intelligence chip market to a strategic bet made over a decade ago. This bet involved significant investment in AI technology, totaling billions of dollars, as well as the recruitment of a team of thousands of engineers dedicated to advancing AI capabilities. During Nvidia’s recent
Rivian Automotive experienced a significant boost in its stock price, soaring more than 40% after securing up to $5 billion in funding from Volkswagen Group. This initial investment of $1 billion, with an additional $4 billion expected by 2026, signaled a major vote of confidence in Rivian’s potential within the electric vehicle market. The surge
The Biden administration recently announced that it will be imposing inflation penalties on 64 prescription drugs for the third quarter of this year. This move is aimed at lowering costs for certain older Americans who are enrolled in Medicare. President Joe Biden has been vocal about his focus on reducing drug prices in the United
Southwest Airlines recently announced a sharp decline in its second-quarter revenue forecast, causing its shares to plummet by approximately 4% in premarket trading. The airline attributed this downward revision to shifting booking patterns, projecting a decrease in revenue per available seat mile between 4% and 4.5% compared to the previous year. Additionally, Southwest revised its
Disney/Pixar’s Inside Out 2 is set to have a strong third weekend at the box office, with expectations ranging from $55 million to $60 million in domestic earnings. The film is on track to potentially surpass the final domestic gross of Illumination/Universal’s Super Mario Bros Movie, which concluded with $574.9 million. The movie’s success has
When looking at the midday trading reports, it is evident that the stock market is experiencing a mixed bag of outcomes. From SolarEdge Technologies taking a substantial hit to Carnival seeing a significant rise, investors are navigating through various developments that are impacting their portfolios. Let’s delve into some of the key highlights and trends
As we enter the second half of 2023, the future of U.S. auto sales remains uncertain. While the first half of the year showed a modest increase of 2.9% compared to the previous year, there are growing concerns that this momentum may not be sustained. Factors such as increasing vehicle inventory levels and incentives, alongside
Inspire Medical Systems and ResMed have experienced significant drops in their stock prices, with decreases of 14% and 11% respectively. This decline came after the announcement that Eli Lilly’s weight loss drug, tirzepatide, showed promising results in reducing the severity of obstructive sleep apnea. Eli Lilly has even applied for approval from the FDA for
Target, a retail giant based in Minneapolis, has announced a new collaboration with Shopify in an effort to bring fresh and trendy brands to its website. This partnership will allow companies working with Shopify to apply to join Target Plus, a third-party marketplace launched by the discounter. In an interview with CNBC, Target’s Chief Guest
In a recent development, China has called upon the European Union to reverse its decision to impose provisional tariffs on Chinese electric vehicles. The dispute arose in the wake of an anti-subsidy investigation launched by the EU into Chinese EVs, leading to the imposition of duties of up to 38.1% on imported vehicles. This move
Australia is set to crack down on big supermarket chains, imposing billion dollar fines on those who fail to comply with the industry code of conduct. Under the new regulations, grocers with more than A$5 billion in annual revenue will be required to adhere to the code, which was previously voluntary. Implications for Supermarkets Supermarkets
The recent developments at Boeing have brought the company into the spotlight once again, this time with potential criminal charges looming. U.S. prosecutors are putting forth a recommendation to senior Justice Department officials to bring charges against Boeing after it was found that the company violated a settlement related to two fatal crashes involving the