Qualcomm shares experienced a significant drop of nearly 5% in premarket trading following a report from Bloomberg indicating that British chip designer Arm is considering revoking a crucial license held by the U.S. company. According to the report, Arm has issued Qualcomm a 60-day notice of termination for their architectural license agreement, which allows Qualcomm … Read more
Samsung Biologics reported consolidated revenue of KRW 1.2 trillion and operating profit of KRW 338.6 billion for the third quarter of fiscal year 2024. The company emphasized its commitment to providing high-quality solutions and expanding its global partnerships to enhance value for clients. In Q3’24, Samsung Biologics achieved a 15% increase in revenue compared to … Read more
Unlock the US Election Countdown newsletter for free The stories that matter on money and politics in the race for the White House Donald Trump has filed a legal complaint against the UK’s Labour party, alleging “illegal foreign campaign contributions and interference” to help Kamala Harris in the US presidential election. The complaint filed by … Read more
The adoption of AI in Europe’s biggest companies is starting to gain momentum, with industries like automotive, finance, and pharmaceuticals leading the charge. Companies like Volkswagen, Shell, and Roche Group are embracing AI to improve their operations and drive innovation. However, there is still a significant gap between European companies and their American counterparts when … Read more
Starbucks cups are shown on a counter in Manhattan, New York, on February 16, 2022. Carlo Allegri | Reuters Starbucks reported preliminary quarterly results on Tuesday, revealing a decline in sales as the coffee chain works to implement a turnaround strategy. “Our performance in the fourth quarter indicates the need for a fundamental change in … Read more
Arm Holdings is terminating an architectural license agreement with Qualcomm that allows the latter to utilize intellectual property for chip design, as reported by Bloomberg News. The decision comes amidst an ongoing legal dispute between the two companies. Arm has issued a 60-day notice to Qualcomm regarding the cancellation of the licensing agreement, which enables … Read more
“ Asian currencies have weakened against a strengthening US dollar on Wednesday morning, with the Japanese yen continuing to drop below ¥150 amidst uncertainty surrounding the Federal Reserve’s future rate cut plans. The yen has fallen by 0.4 per cent to ¥151.60, while South Korea’s currency has also decreased by 0.4 per cent to Won1,383.1. … Read more
Musicians from ABBA, Radiohead, and The Cure, along with actors and authors, have come together to sign a protest letter against the use of their work in the development of artificial intelligence tools. Released on Tuesday, the letter has garnered thousands of signatures, serving as a public warning against the potential misuse of AI technology … Read more
McDonald’s experienced a drop in shares during after-hours trading after the Centers for Disease Control and Prevention (CDC) announced that an E. coli outbreak linked to McDonald’s Quarter Pounder burgers has resulted in 10 hospitalizations and one fatality. The CDC reported a total of 49 cases across 10 states between September 27 and October 11, … Read more
Ilya Goldshleger, Co-President and Chief Operating Officer of RxSight, Inc. (NASDAQ:RXST), recently sold 3,100 shares of the company’s common stock. The shares were sold at a weighted average price of $49.68, amounting to a total transaction value of approximately $154,001. This sale was conducted under a pre-established Rule 10b5-1 trading plan. In addition to the … Read more