Tag: United States

2024-09-13

Nvidia, OpenAI, Anthropic and Google leaders meet with White House to talk AI

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Leaders at OpenAI, Anthropic, Nvidia, Microsoft, Google and several American power and utility companies met Thursday at the White House to discuss the future of artificial intelligence energy infrastructure in the U.S., sources familiar with the meeting told CNBC. Nvidia CEO Jensen Huang, OpenAI CEO Sam Altman, Anthropic CEO Dario Amodei, Microsoft president Brad Smith, Google President Ruth Porat…

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2024-09-12

Eli Lilly to boost output of weight loss, diabetes, Alzheimer’s drugs

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A sign with the company logo sits outside of the headquarters of Eli Lilly in Indianapolis, Indiana, on March 17, 2024. Scott Olson | Getty Images Eli Lilly on Thursday said it will invest $1.8 billion to boost manufacturing for its newly approved Alzheimer’s drug and highly popular weight loss and diabetes treatments, among other medicines, in Ireland.  The pharmaceutical…

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2024-09-11

New Starbucks CEO Brian Niccol outlines plans for business

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New Starbucks CEO Brian Niccol will focus on improving the chain’s U.S. business in his early days on the job before he moves to fix its issues abroad, according to an open letter published on Tuesday. “… In some places — especially in the U.S. — we aren’t always delivering,” Niccol wrote in the open letter addressed to customers,…

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2024-09-08

The $100,000 electric truck market is here

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Fronts of the GMC Sierra Denali,Tesla Cybertruck and Ford F-150 Lightning EVs (left to right). Michael Wayland / CNBC DETROIT – Tesla, General Motors, Rivian Automotive and Ford Motor have created a new market in the U.S. automotive industry of pricey, powerful and precarious electric pickup trucks that sell for $100,000 or more. Just five years ago, the idea of…

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2024-09-05

Beyond Meat to launch new steak alternative as it focuses on health

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Beyond Meat in El Segundo, California, on May 30, 2024. Christina House | Los Angeles Times | Getty Images Beyond Meat will introduce a whole-muscle steak alternative as part of its pivot to win over health-conscious consumers. CEO Ethan Brown said on Wednesday that the rollout will likely include a partnership with a restaurant chain known for serving healthier…

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2024-09-03

stock moves, earnings and the latest data releases

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City of London skyline on 6th March 2024 in London, United Kingdom.  Mike Kemp | In Pictures | Getty Images LONDON — European stocks closed flat on the first trading day in September as investors considered the outlook for markets. The pan-European Stoxx 600 closed 0.04% lower, with regional bourses and sectors diverging. Retail stocks ended 0.77% lower, while…

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2024-09-01

Cord cutters getting political ad blitz as campaigns flood Roku, Hulu

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Vice President Kamala Harris, left, and former President Donald Trump Reuters Consumers who cut their cable cord in recent years are finding that there’s one thing about linear TV they can’t escape: political ads. With the U.S. presidential election less than 70 days away, campaigns are swarming streaming services like Roku and Hulu to such a degree that connected…

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2024-08-30

Nvidia (NVDA) shares fall after earnings beat estimates

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A binary code is displayed on a laptop screen in the background, while the Nvidia logo is showcased on a phone on April 28, 2024.  Nurphoto | Nurphoto | Getty Images Nvidia shares fell on about 6% Thursday, as the company’s fiscal second-quarter gross margin dipped slightly, and its revenue beat was eclipsed by a backdrop of increasingly lofty…

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2024-08-28

Eli Lilly releases new, cheaper form of weight loss drug

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Eli Lilly on Tuesday released a new form of its weight loss drug Zepbound for roughly half its usual monthly list price to reach millions of patients without insurance coverage for the popular injection, such as those with Medicare.  The move also aims to expand the supply of Zepbound in the U.S. as demand skyrockets, and to ensure eligible…

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