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Bristol-Myers buys Orbital Therapeutics

Bristol-Myers buys Orbital Therapeutics

Piotr Swat | Getty Images Drugmaker Bristol-Myers Squibb said on Friday it will acquire privately held cell therapy developer Orbital Therapeutics for $1.5 billion in cash, aiming to diversify from legacy products facing competition from generic drugs. The deal expands Bristol Myers Squibb’s CAR T-cell immunotherapy portfolio with Orbital’s lead experimental candidate, OTX-201, which is…

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Nobel Peace Prize awarded to Venezuela’s María Corina Machado

Nobel Peace Prize awarded to Venezuela’s María Corina Machado

The Nobel Peace Prize was awarded Friday to Venezuelan opposition leader María Corina Machado who lives in hiding after attempting to run against President Nicolás Maduro. Machado, 58, was recognized for keeping “the flame of democracy burning amidst a growing darkness” and “ever-expanding authoritarianism in Venezuela.” Despite speculation that President Donald Trump might win the prize for his role helping…

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Prince Harry and Meghan Markle ask families to join fight against predatory social media policies

Prince Harry and Meghan Markle ask families to join fight against predatory social media policies

NEW YORK — NEW YORK (AP) — Prince Harry and Meghan Markle urged parents to stand against social media companies that they said prey upon children with exploitative algorithms as the “explosion of unregulated artificial intelligence” adds to their concerns that technologies’ benefits are inseparable from its dangers. To underscore that point, the Duke and…

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Fed Governor Waller sees more rate cuts but says central bank needs to be ‘cautious about it’

Fed Governor Waller sees more rate cuts but says central bank needs to be ‘cautious about it’

Federal Reserve Governor Christopher Waller said Friday that he continues to support lowering interest rates but said the central bank needs to be careful amid conflicting economic signals. “I’m still in the belief we need to cut rates, but we need to kind of be cautious about it,” Waller said during an interview on CNBC’s…

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Singapore, U.S. investigate Nvidia client Megaspeed

Singapore, U.S. investigate Nvidia client Megaspeed

Singapore authorities are investigating artificial intelligence computing firm Megaspeed, a customer of American AI chipmaker Nvidia, for allegedly helping Chinese companies evade curbs on U.S. chip exports. “The Singapore Police Force confirms that investigations are ongoing into Megaspeed for suspected breaches of our domestic laws,” the police told CNBC in an email. The probe comes…

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