Media Archives - Page 28 of 806

3 minute read

Tesla Fires Back At Hostile Proxy Advisory Firms, Rivian’s ‘Messy’ Q2 Warning, Faraday Future Stock Deflates And More: Biggest EV Stories Of The Week

June 1, 11:03 AM

Tesla's next catalyst is likely to be its annual shareholder meeting scheduled for June 13, while Rivian warned of near-term softness.

FFIE

2 minute read

Joe Biden Vetoes Bipartisan Resolution To Overturn SEC’s Crypto Custody Guidance: ‘…Will Not Support Measures That Jeopardize Well-Being Of Consumers And Investors’

By Ananya Gairola

June 1, 1:00 AM

President Joe Biden has vetoed a bipartisan resolution that aimed to overturn the Security and Exchange Commission’s crypto custody guidance.

BTC

2 minute read

AMD, TSMC, Broadcom And Other Chip Stocks Hit By Biden’s Fresh AI Chip Export Restrictions: Details

By Anusuya Lahiri

May 31, 2:21 PM

Embargo on AI chip exports to Middle East triggers selloff in broader sector, including NVDA and AMD. Chip CEOs discuss AI at Taiwan's Computex.

ARM

2 minute read

Novartis Sues to Block Maryland’s New Drug Discount Law

By Vandana Singh

May 31, 2:12 PM

Novartis has filed a lawsuit to block a Maryland law requiring drugmakers to offer discounts on drugs through third-party pharmacies contracting with hospitals and clinics.

NVS

2 minute read

TikTok Halts European Expansion To Focus On US E-Commerce

By Shivani Kumaresan

May 31, 1:08 PM

ByteDance-owned TikTok has halted plans to expand its e-commerce platform in Europe, focusing on U.S. growth instead. Regulatory challenges in the U.S. and concerns over potential bans prompted the shift. TikTok aims to increase its U.S. merchandise volume to $17.5 billion in 2024, countering threats from regulatory actions and enhancing its affiliate program to boost presence.

AMZN

2 minute read

Intel Eyes Increased AI Product Demand, Shifts Focus to Private Data Storage Solutions

By Anusuya Lahiri

May 31, 12:25 PM

Intel (INTC) prepares for growing demand for AI products, aiming to integrate AI capabilities across various products and facing competition in the data center market.

AMD

2 minute read

Tesla’s Top Chinese Rival BYD Expands Global Presence With Inaugural Showroom In Saudi Arabia, Accelerating NEV Penetration In Middle East

By Nabaparna Bhattacharya

May 31, 11:58 AM

BYD expands its global footprint with the opening of its first showroom in Saudi Arabia, signaling accelerated penetration of NEVs in the Middle East.

BYDDF

1 minute read

Strike At Exxon Site On Hold: Talks Heat Up Over Severance Packages

By Lekha Gupta

May 31, 10:36 AM

A strike at Exxon Mobil's French petrochemical complex is suspended until June 4 for potential talks on severance packages. Jobs will be lost.

IYE

2 minute read

What’s Going On With Nvidia Stock On Friday?

By Anusuya Lahiri

May 31, 10:29 AM

Nvidia (NVDA) leads AI race with advanced chips, CEO Jensen Huang to speak at Taiwan's Computex event. US restricts AI chip exports to Middle East.

AMD

1 minute read

Summit Therapeutics’ Lung Cancer Therapy Ivonescimab Shows Improved Progression-Free Survival Versus Merck’s Multi-Billion Keytruda In China Study

By Vandana Singh

May 31, 10:21 AM

Summit Therapeutics shares dropped 27.3% to $7.94 in premarket trading Friday after a 272.1% surge on Thursday. The company announced Phase 3 HARMONi-2 trial results, where ivonescimab significantly improved progression-free survival in NSCLC patients compared to Keytruda.

MRK