In an interview with CNBC’s Jim Cramer, Apple CEO Tim Cook struck an optimistic tone about the iPhone maker’s progress bringing more manufacturing to the U.S., indicating that the company is making headway with a number of projects. “Since we announced a $500 billion commitment toward the beginning of the year, we were continually working…
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Europe’s defense stocks have boomed this year , with some major players tripling in value — but one fund manager spotted the potential in sector darling Rheinmetall early, and won big as a result. Christopher Hart manages Boston Partners’ $5.8 billion Global Premium Equities fund, which, net of fees, gained 22% from the beginning of…
Rafael Henrique | Lightrocket | Getty Images British pharmaceutical giant GSK on Wednesday committed to investing at least $30 billion in U.S. research and developing (R&D) and manufacturing over the coming five years. The investment includes $1.2 billion toward advanced manufacturing, AI and advanced digital technologies to deliver “next-generation biopharma factories and laboratories in the…
This report is from this week’s CNBC’s UK Exchange newsletter. Like what you see? You can subscribe here. The dispatch Donald Trump is the first U.S. president to have been honored with two state visits, something not even bestowed on Bill Clinton, George W. Bush or Ronald Reagan — all two-term presidents who enjoyed warm relationships…
Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here’s what CNBC TV’s producers were watching on Tuesday and what’s on the radar for Wednesday’s session. The Fed The statement on…
Beata Zawrzel | Nurphoto | Getty Images Eli Lilly’s Nexperimental GLP-1 pill helped people lose about 12% of their body weight, with weight loss plateauing for most patients in the 72-week trial, according to full study results presented at a medical meeting on Tuesday. Lilly had announced in August that the Phase 3 study of…
Andy Jassy, CEO of Amazon, speaks during an unveiling event in New York on Feb. 26, 2025. Michael Nagle | Bloomberg | Getty Images Amazon CEO Andy Jassy said Tuesday that he’s working to root out bureaucracy from within the company’s ranks as part of an effort to reset its culture. Speaking at Amazon’s annual…
A sign is posted in front of Workday headquarters on Feb. 6, 2025 in Pleasanton, California. Justin Sullivan | Getty Images Activist investor Elliott Management said on Tuesday it has taken more than $2 billion stake in human resources software seller Workday. Elliott said it is pleased with its dialogue with the leadership team at…
Newly manufactured cars awaiting export at a port in Yokohama, south of Tokyo, Japan, on March 27, 2025. Issei Kato | Reuters Japan’s exports contracted less than expected in August as shipments to its largest trading region — Asia — rebounded, though the overall growth stayed negative for a fourth straight month. Japanese shipments fell…
