Business News
Merck snags Chinese obesity drug in nearly $2 billion deal
5 days ago
Merck snags Chinese obesity drug in nearly $2 billion deal
Merck will gain the exclusive global license for Chinese drugmaker Hansoh’s HS-10535, an experimental oral drug that targets GLP-1 receptors.…
Honda threatened Nissan in bid to fend off Foxconn, Nikkei says
5 days ago
Honda threatened Nissan in bid to fend off Foxconn, Nikkei says
Should Foxconn’s approach turn hostile after a rebuff, Honda reportedly offered to protect Nissan as a white knight investor. Read…
Billionaire Justin Sun allegedly pushed CoinDesk’s new owners to remove banana article, editorial chair Matt Murray resigns
5 days ago
Billionaire Justin Sun allegedly pushed CoinDesk’s new owners to remove banana article, editorial chair Matt Murray resigns
The crypto exchange Bullish purchased CoinDesk in late 2023 for close to $75 million. Read More https://fortune.com/img-assets/wp-content/uploads/2024/12/GettyImages-1231094059-e1734564671820.jpg?resize=1200,600 2024-12-18 23:55:40
Leaked university emails show ivy leagues accepted wealthy students who ‘we would really not have otherwise admitted’, lawsuit says
5 days ago
Leaked university emails show ivy leagues accepted wealthy students who ‘we would really not have otherwise admitted’, lawsuit says
The final line of an email read: “Sure hope the wealthy next year raise a few more smart kids!” Read…
Fed’s higher inflation forecast and rate projections rattle the stock market
5 days ago
Fed’s higher inflation forecast and rate projections rattle the stock market
BlackRock chief investment officer Rick Rieder calls it a “new phase” of the rate-cutting cycle. Read More https://fortune.com/img-assets/wp-content/uploads/2024/12/GettyImages-532635236-e1734567014880.jpg?resize=1200,600 2024-12-19 00:12:28
Nissan rolls back diversity policies as activist claims another win
5 days ago
Nissan rolls back diversity policies as activist claims another win
Nissan’s letter echoes similar moves by more than a dozen companies, from rival Toyota Motor Corp. to Walmart Inc. and…
Congress is scrambling after Trump and Musk’s push implodes government funding plan
5 days ago
Congress is scrambling after Trump and Musk’s push implodes government funding plan
“One of the worst bills ever written,” Elon Musk posted on his social media site X. Read More https://fortune.com/img-assets/wp-content/uploads/2024/12/AP24352765434710-e1734561733359.jpg?resize=1200,600 2024-12-18…
Texas billionaires made a $200 million bet on a college football ‘laughingstock.’ It’s paying off with a championship run
5 days ago
Texas billionaires made a $200 million bet on a college football ‘laughingstock.’ It’s paying off with a championship run
The support of the deep-pocketed donors has quickly launched the program from mediocrity to national relevance. Read More https://fortune.com/img-assets/wp-content/uploads/2024/12/GettyImages-2188793845-e1734548149725.jpg?resize=1200,600 2024-12-18…
Salesforce CEO Marc Benioff is a big believer in agentic AI
5 days ago
Salesforce CEO Marc Benioff is a big believer in agentic AI
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Michael Dell says adoption of AI PCs is ‘definitely delayed,’ but it’s coming: ‘I’ve seen this movie a couple times before’
5 days ago
Michael Dell says adoption of AI PCs is ‘definitely delayed,’ but it’s coming: ‘I’ve seen this movie a couple times before’
Executives on Dell’s earnings call last month said that the company’s anticipated customer refresh to new AI-enabled PCs is going…