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Johnson & Johnson Ordered to Pay $966M in Talc Cancer Case
A Los Angeles jury late on Monday ordered Johnson & Johnson to pay $966 million to the family of a woman who died from mesothelioma, finding the company liable in the latest lawsuit alleging its baby powder products cause cancer.
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WSJ: NYSE Parent Nears Deal for $2B Stake in Polymarket
Intercontinental Exchange, the parent of New York Stock Exchange, is in talks to invest $2 billion in predictions market platform Polymarket, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. The deal could potentially value Polymarket...
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Musk Names Fmr Morgan Stanley Banker New XAI CFO
Elon Musk has appointed former Morgan Stanley banker Anthony Armstrong as the new chief financial officer of his artificial intelligence group xAI, the Financial Times reported on Monday.
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OpenAI's Fidji Simo: AI Investment Is 'New Normal'
The dizzying investments in artificial intelligence infrastructure do not constitute a bubble but rather represent today's "new normal" to meet skyrocketing user demand, Fidji Simo, OpenAI's de facto number two, said on Monday. The French-born executive made her comments in...
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US Weighs Selling Parts of $1.6T Federal Student Loan Portfolio
President Donald Trump's administration is mulling options to sell off parts of the federal government's $1.6 trillion student loan portfolio to the private market, Politico reported Tuesday, citing three people familiar with the matter.
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Swift's 'Showgirl' Breaks Record With 2.7M Sales in US on Day One
Taylor Swift's 12th studio album, "The Life of a Showgirl," sold 2.7 million copies in traditional album sales , including physical and digital formats , in its first day in the U.S., according to Luminate, an industry data and analytics company.
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Trump: 25 Percent Tariff on Large Trucks on Nov. 1
President Donald Trump said Monday that all medium- and heavy-duty trucks imported into the U.S. will face a 25% tariff rate starting Nov. 1, a significant escalation of his effort to protect U.S. companies from foreign competition.
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Trump Slams 'Politically Correct' Fox, Accuses Network of Pushing 'Fake Bad' Polls
President Donald Trump blasted Fox News on Sunday, tearing into the network for what he called its unfair promotion of Democrats and biased coverage of his record-breaking popularity among Republicans.
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Supreme Court Rejects Halkbank Bid to Avoid US Charges
The Supreme Court declined on Monday to hear another bid by Turkey's state-owned lender Halkbank to avoid fraud, money laundering and conspiracy charges in the United States for allegedly helping Iran evade American economic sanctions.
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Supreme Court Rules SAP Must Face Antitrust Suit
The Supreme Court declined on Monday to hear a bid by Europe's largest software maker, SAP, to avoid a lawsuit by U.S. data technology company Teradata that accused it of violating American antitrust law.
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Free Press Founder Bari Weiss Named Editor of CBS News After Deal With Paramount
Paramount Skydance CEO David Ellison has named Bari Weiss editor-in-chief of CBS News, as part of a deal to acquire the online news site she founded, The Free Press. The companies did not disclose the deal value in their announcement on Monday. The Wall Street Journal...
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Qualtrics to Buy Healthcare Tech Firm Press Ganey in $6.75B Deal
Customer survey software maker Qualtrics, owned by private equity firm Silver Lake, has agreed to buy healthcare market research company Press Ganey Forsta for $6.75 billion, including debt, the Financial Times reported on Monday...
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Ares Management Buys Stake in EDPR Assets in About $2.9B Deal
Ares Management said on Monday that a fund managed by its Infrastructure Opportunities unit has acquired a 49% stake in a diversified U.S. renewable energy platform from EDP Renovaveis (EDPR), valuing the business at about $2.9 billion. Ares said the transaction would expand...
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AMD Signs AI Chip-Supply Deal With OpenAI, Gives It Option to Take 10% Stake
AMD said on Monday it will supply artificial intelligence chips to OpenAI in a multi-year deal that would bring in tens of billions of dollars in annual revenue and give the ChatGPT creator the option to buy up to roughly 10% of the chipmaker.
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Fifth Third Bancorp to Buy Comerica for $10.9B
Fifth Third Bancorp is buying Comerica for $10.9 billion in an all-stock deal, tying up two big regional banks. The buyout will create the 9th largest U.S. bank with approximately $288 billion in assets, the companies said Monday.
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Boeing, Airbus Dismiss Talk of Imminent New Jet Designs
Executives from Boeing and Airbus dampened speculation of imminent decisions to replace their best-selling narrowbody models, telling a major audience of investors that it would take time to achieve the required jump in performance.
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Spirit Airlines to Cut 100 Aircraft From Its Fleet
Spirit Airlines plans to shrink its fleet by nearly 100 aircraft and exit different U.S. markets as part of a sweeping restructuring under Chapter 11, CFO Scott Cramer said.
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Elon Musk's $1 Trillion Pay Plan Faces Pushback From Investors, State Officials
A group of Tesla shareholders including SOC Investment Group and several state officials urged investors to vote against Elon Musk's $1 trillion pay package at the company's November meeting, a regulatory filing showed.
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Apple Pulls ICE Tracking Apps Under Trump Pressure
Apple said Thursday that it had removed ICEBlock, the most popular ICE-tracking app, and other similar apps from its App Store after it was contacted by President Donald Trump's administration.
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Trump in Talks With CBS to Appear on '60 Minutes'
The White House is in talks with CBS about President Donald Trump appearing on "60 Minutes" for an unedited interview, Semafor reported Thursday.
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Netflix Loses More Than $15B in 1 Week
Streaming giant Netflix saw its shares drop 2.4% this week, or the equivalent of more than $15 billion in only a few days, following the call for a boycott of the company from Telsa CEO Elon Musk, Forbes reported on Thursday.
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Google, NBCUniversal Deal Averts YouTube Blackout
Alphabet's Google and Comcast-owned NBCUniversal have reached a multi-year agreement to keep NBC shows such as "Sunday Night Football" and "America's Got Talent" on YouTube TV, wrapping up a difficult negotiation.
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2025 Chevrolet Silverado Trail Boss Diesel
A Rugged Powerhouse With Modern Flair
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Elon Musk Cannot Move SEC's Twitter Lawsuit Out of DC
Elon Musk failed to persuade a Washington, D.C., federal judge to move a Securities and Exchange Commission lawsuit over his late disclosure of his growing Twitter stake to Texas, after saying he was too busy to defend himself in the nation's capital.
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Nirvana Again Defeats Child Pornography Lawsuit Over 'Nevermind' Cover
A federal judge again threw out a lawsuit by a man who accused iconic grunge rock band Nirvana of distributing child pornography by using a photograph of him as a naked, swimming baby on the cover of its breakthrough 1991 album "Nevermind." U.S. District Judge Fernando...