Novo Nordisk to build $4.1 billion North Carolina facility to boost output of Wegovy, Ozempic ( www.cnbc.com )
European Union regulators accuse Apple of breaching the bloc's tech rules ( www.cnbc.com )
Nearly $109 million in deposits held for fintech Yotta’s customers vanished in Synapse collapse, bank says ( www.cnbc.com )
Ledgers of the failed fintech middleman Synapse show that nearly all the deposits held for customers of the banking app Yotta went missing weeks ago, according to one of the lenders involved....
Apple Intelligence won't launch in EU in 2024 due to antitrust regulation, company says ( www.cnbc.com )
Gilead’s twice-yearly shot to prevent HIV succeeds in late-stage trial, found 100% effective ( www.cnbc.com )
Apple stops offering buy now, pay later loans in U.S. ( www.cnbc.com )
Apple surpasses Microsoft as world's most valuable company after unveiling AI plans ( www.cnbc.com )
Elon Musk threatens to ban Apple devices from his companies over OpenAI partnership ( www.cnbc.com )
Turkey's inflation passes 75% in what economists believe is peak ( www.cnbc.com )
KEY POINTS...
Paramount and Skydance agree to terms of a merger deal ( www.cnbc.com )
Ukraine’s Zelenskyy accuses China of helping Russia to disrupt upcoming peace summit ( www.cnbc.com )
- The peace talks, which focus on the Russia-Ukraine conflict which started in February 2022, are due to take place at the Bürgenstock Resort in Switzerland on June 15-16....
Amazon plans to give Alexa an AI overhaul — and a monthly subscription price ( www.cnbc.com )
International Criminal Court prosecutor seeks arrest warrants for Israel's Netanyahu, Hamas leaders ( www.cnbc.com )
‘I feel like I've been tricked’: Some property buyers in China’s Tianjin have been waiting 8 years for their homes ( www.cnbc.com )
A group of around 1,500 homebuyers say they have yet to see the apartments they paid for about eight years ago, as challenges persist in China’s property sector. The promise was they would be ready by 2019, but the majority are still unfinished, according to five of the homebuyers, who requested anonymity out of fear of...
Climate protesters try to break into Tesla's Germany factory, multiple people arrested ( www.cnbc.com )
Sam Altman takes nuclear energy company Oklo public to help power his AI ambitions ( www.cnbc.com )
China’s biggest chipmaker SMIC warns of ‘fierce’ competition as it misses quarterly profit expectations ( www.cnbc.com )
SMIC, China’s biggest contract chip manufacturer, is seen as critical to Beijing’s ambitions of cutting foreign reliance in its domestic semiconductor industry as the U.S. continues to curb China’s tech power. SMIC lags behind Taiwan’s TSMC and South Korea’s Samsung Electronics, according to analysts....
China’s biggest chipmaker SMIC warns of ‘fierce’ competition as it misses quarterly profit expectations ( www.cnbc.com )
SMIC, China’s biggest contract chip manufacturer, is seen as critical to Beijing’s ambitions of cutting foreign reliance in its domestic semiconductor industry as the U.S. continues to curb China’s tech power. SMIC lags behind Taiwan’s TSMC and South Korea’s Samsung Electronics, according to analysts....
Neuralink's first in-human brain implant has experienced a problem, company says ( www.cnbc.com )
Google employees question execs over 'decline in morale' after blowout earnings ( www.cnbc.com )
At an all-hands meeting last week, Google executives responded to employee questions about declining morale even with financial performance improving.
Trump classified documents trial in Florida postponed indefinitely ( www.cnbc.com )
The trial on charges that Donald Trump willfully retained classified national security records after leaving the White House was scheduled to start May 20.
Reddit shares soar 14% after company reports revenue pop in debut earnings report ( www.cnbc.com )
Google lays off hundreds of 'Core' employees, moves some positions to India and Mexico ( www.cnbc.com )
Google is laying off more employees and hiring for their roles outside of the U.S.