(PRO Views are exclusive to PRO subscribers, giving them insight on the news of the day direct from a real investing pro. See the full discussion above.) Pfizer is spending more than $7 billion to buy biotech Metsera to try to catch cup in the obesity drug market. Investors reacted by bidding shares of Pfizer…
Michele Bullock, governor of the Reserve Bank of Australia (RBA), speaks during a news conference at the bank’s head office in Sydney, Australia, on Tuesday, Apr. 1, 2025. Bloomberg | Bloomberg | Getty Images Australia’s central bank raised its policy rate by 25 basis points to 3.85% on Tuesday, marking the Reserve Bank of Australia’s…
In recent years, the company has transformed from a competent private sector telecommunications firm into a “muscular technology juggernaut straddling the entire AI hardware and software stack,” said Paul Triolo, partner and senior vice president for China at advisory firm DGA-Albright Stonebridge Group. Ramon Costa | SOPA Images | Lightrocket | Getty Images Huawei has…
MILAN — MILAN (AP) — Colman Domingo, Liam Hemsworth and Noah Schnapp were among the celebrities who packed the Ralph Lauren front row during Milan Fashion Week on Friday for the launch of a Milan-centric season that includes dressing Team USA for the upcoming 2026 Winter Olympics. Domingo was fresh off the Golden Globes red…
AI data center startup Nscale has raised $2 billion at a $14.6 billion valuation, the company announced on Monday, as the AI infrastructure boom continues. The Series C featured Nvidia and was led by Aker ASA and 8090 Industries. It also featured Astra Capital Management, Citadel, Dell, Jane Street, Lenovo, Linden Advisors, Nokia, and Point72….
Global tech stocks rallied Thursday as investors piled back into AI-related names, buoyed by Nvidia earnings. Nvidia topped forecasts for revenue, which jumped 62% to $57.01 billion year-on-year, and issued stronger-than-expected fourth-quarter sales guidance, giving investors the confidence they were looking for to continue placing bets on the AI industry. Shares were 5% higher in…
People walk past an advertisement feature Donald Trump with Solana, XRP, USDC Bitcoin in Hong Kong. May James | Sopa Images | Lightrocket | Getty Images Two U.S. Senators are pressing the Department of Justice and the Treasury to investigate a crypto company closely tied to the family of U.S. President Donald Trump over alleged…
Omar Marques | Lightrocket | Getty Images UnitedHealth has sought meetings with U.S. President Donald Trump, although it has not secured a meeting yet, The Wall Street Journal reported on Sunday. UnitedHealth CEO Stephen Hemsley recently met White House Chief of Staff Susie Wiles to discuss Medicare and other issues, WSJ said, citing a White…
Saquon Barkley has earned nearly $80 million in NFL salary and bonuses since 2018. Instead of spending that money lavishly, the Philadelphia Eagles running back has invested millions of it in a variety of venture funds and tech startups, according to a report published by The Profile on September 3. Those funds and startups reportedly…
The Pittsburgh Steelers are continuing to add players with Pro Bowl pedigree to their roster, with their trade for Jalen Ramsey and Jonnu Smith being the latest such additions this offseason. However, the Steelers’ situation with their top Pro Bowler remains unresolved. Star edge rusher T.J. Watt is still seeking a long-term deal with the…
