Meta CEO Mark Zuckerberg wears the Meta Ray-Ban Display glasses, as he delivers a speech presenting the new line of smart glasses, during the Meta Connect event at the company’s headquarters in Menlo Park, California, U.S., Sept. 17, 2025. Carlos Barria | Reuters Meta is laying off several hundred employees on Wednesday, CNBC confirmed. The…
Pharma giant Merck is buying U.S. biotech firm Terns Pharmaceuticals for $6.7 billion to boost its oncology pipeline, the company said Wednesday. This is the third multibillion-dollar acquisition for Merck over the past year as the company looks to bulk up its portfolio before its best-selling cancer drug Keytruda loses key patent protection in 2028….
Jay Clayton said regulators would likely examine the unusual burst of trading activity early Monday that preceded a market-moving social media post from President Donald Trump. “Any move like that in advance of any announcement, the regulators are going to look at,” Clayton, a former chair of the Securities and Exchange Commission, said Wednesday on…
New Mexico is continuing to seek changes from Meta following a jury’s decision to hold the company liable for failing to safeguard children on its platforms, Attorney General Raúl Torrez told CNBC on Wednesday. “We’re going to be asking for injunctive relief,” Torrez said on CNBC’s “Squawk Box” about the next phase of the trial…
A pair of bipartisan senators on Wednesday said they’re keeping their push to ban sports prediction market contracts, despite Kalshi and Polymarket announcing new insider-trading restrictions on their platforms. “It’s got to be more than an aspirational statement by these companies,” Sen. Adam Schiff, D-Calif., told CNBC’s “Squawk Box” when asked about those platforms’ self-imposed…
We know Shohei Ohtani, Aaron Judge and Paul Skenes are going to be in the mix for MLB’s biggest awards this season. That feels like a given. But for each of MLB’s marquee individual prizes, there will be some fierce competition. Ahead of the start of the 2026 MLB season, let’s give our favorites to…
Stocks may now be cheap enough for investors to buy, despite persistent geopolitical headwinds. Scott Rubner of Citadel Securities pointed out that the S & P 500’s forward price-to-earnings ratio recently fell to 19.7 — just below a five-year average of around 20.1. It’s also in the 6th percentile of its one-year range and the…
Key Points JLL has a major footprint in the Middle East, managing and leasing properties in Dubai and Abu Dhabi in the United Arab Emirates and in Riyadh, Saudi Arabia. CEO Christian Ulbrich said the business impacts of the Iran war depended on how long the conflict lasted. “It’s a tragedy from a point that…
European Central Bank (ECB) President Christine Lagarde addresses the media after the ECB’s Governing Council meeting, at the ECB headquarters in Frankfurt, Germany, Sept. 11, 2025. Kai Pfaffenbach | Reuters The head of the European Central Bank said Wednesday that policymakers stand ready to hike interest rates even if an expected jump in euro zone…
Hugo Barr, formerly VP of VR at Facebook, has returned to Meta Money Sharma | AFP | Getty Images During Hugo Barra’s first stint at Meta — still known at the time as Facebook — he was a top executive in the virtual reality business. In the nearly five years he’s been gone, Meta’s obsession…
