A version of this article appeared in CNBC’s Inside Alts newsletter, a guide to the fast-growing world of alternative investments, from private equity and private credit to hedge funds and venture capital. Sign up to receive future editions, straight to your inbox. The rise of artificial intelligence is likely to boost the valuations of sports teams and…
Elon Musk’s rocket maker SpaceX has acquired his artificial intelligence startup xAI in a deal that will value the company at $1.25 trillion, CNBC’s David Faber has confirmed. The record-setting deal will be the largest merger of all time and values SpaceX at $1 trillion and xAI at $250 billion, according to documents viewed by…
The Walt Disney Company has a new CEO — Josh D’Amaro. The chairman of Disney’s experiences division, which includes the company’s theme parks, cruise line, resorts and consumer products, was named to succeed long-time CEO Bob Iger. He will be the eighth CEO in Disney’s more than 100-year history. D’Amaro, 54, joined Disney in 1998…
A Disney store in Manhattan, New York City, July 7, 2025. Sven Hoppe | Picture Alliance | Getty Images Disney has named Josh D’Amaro, chairman of Disney Experiences, as its next CEO, succeeding Bob Iger and clinching a closely watched succession race at the Mouse House. Investors, industry insiders and onlookers have long awaited the…
The Moody’s Corp. headquarters in New York, US, on Tuesday, Aug. 27, 2024. Moody’s Corporation is a credit rating, research, and risk analysis firm. Jeenah Moon | Bloomberg | Getty Images A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for…
Enrique Lores, CEO of Hewlett-Packard speaks on CNBC outside the World Economic Forum in Davos, Switzerland on Jan. 22, 2025. Gerry Miller | CNBC PayPal issued a lackluster profit forecast for 2026 and reported fourth-quarter earnings below Wall Street expectations on Tuesday, pressured by weaker U.S. retail spending and slower growth in its branded checkout…
Smith Collection | Archive Photos | Getty Images Pfizer on Thursday said its experimental obesity drug, which it acquired through Metsera, drove solid weight loss when taken once a month in a mid-stage trial. Patients with obesity or who are overweight lost up to 12.3% of their weight compared with placebo at week 28 in…
Check out the companies making headlines before the bell: Palantir — The stock jumped 11% following the AI-powered software provider’s fourth-quarter earnings beat . Palantir reported adjusted earnings of 25 cents per share, versus the 23 cents expected from analysts polled by LSEG. Revenue was $1.41 billion, topping the $1.33 billion consensus estimate. Merck —…
Merck on Tuesday reported fourth-quarter earnings and revenue that topped estimates on strong demand for its cancer immunotherapy Keytruda and some newer products. But the company posted a modest 2026 outlook that fell short of Wall Street’s expectations as it prepares for a few drugs to lose patent protection later this year and face generic…
Palantir surged 10% in premarket trading on Tuesday after beating Wall Street’s fourth quarter estimates amid rising spending on AI tools from governments and businesses. The shares popped after it reported $1.41 billion in revenue, ahead of LSEG estimates of $1.33 billion. The earnings came after a muted end to 2025 — November was Palantir’s…
