Samsung Faces Probe After Radiation Exposure Incident At South Korean Chip Plant
The incident took place at Samsung's Giheung plant, situated about 25 miles south of Seoul.
Elon Musk Slams Joe Biden, Says President ‘Cares A Lot More About Whether Tesla Is Unionized’ Over EV Maker’s Environmental Impact
Musk's comment adds to the ongoing tension between Tesla and the Biden administration.
Top Food Delivery Giants Like DoorDash, Deliveroo Report Over $20B In Losses Since Going Public Amid Challenging Economic Climate
The companies, which experienced exponential growth during the pandemic, are now contending with a more challenging macroeconomic environment that has adversely impacted consumers.
Boeing’s Production Slowdown Sends Shockwaves Through Aerospace Supply Chain
This uncertainty is causing suppliers to curtail production to avoid the financial burden of maintaining excessive stock.
Hedge Funds’ Exposure To Big Tech Hits Record High As Nvidia’s Soaring Stock Drives Rally
In the wake of Nvidia's remarkable earnings, hedge funds' exposure to the top U.S. technology companies has reached an all-time high.
Samsung Electronics’ Union In South Korea Threatens First-Ever Strike Over Wage Demands
The National Samsung Electronics Union in South Korea has declared a strike, demanding higher wages and fair treatment. This is the first time in the company's history that its workers have taken such action.
Lenovo To Issue $2B In Zero-Coupon Convertible Bonds To Saudi Crown Prince’s Sovereign Wealth Fund
Lenovo Group has decided to issue $2 billion worth of zero-coupon convertible bonds to Saudi Arabia Crown Prince Mohammed Bin Salman's sovereign wealth fund. This is part of a broader agreement with the tech-friendly kingdom.
Weight-Loss Drug Forecasts Skyrocket To $150B As Novo Nordisk, Eli Lilly Ramp Up Supply
The global market for weight-loss drugs is expected to reach a staggering $150 billion by the early 2030s, a significant increase from the previous forecast of $100 billion. This surge is attributed to the growing availability of weight-loss medications.
Merck Reportedly Nearing $1.3B Acquisition Of EyeBio To Expand Eye-Care Market Presence
Merck & Co is reportedly on the verge of acquiring EyeBio, an eye-drug company, for a sum of $1.3 billion. This acquisition is expected to significantly expand Merck's presence in the rapidly growing eye-care market.
Warren Buffett’s Berkshire Hathaway Stock Looks Attractive After Recent Dip, Apple Rally Boosts Book Value
Berkshire Hathaway Inc shares have become more appealing due to a recent drop in stock price and a surge in book value, largely driven by the rally in Apple Inc shares.