Nov 17 (Reuters) – Hundreds of Twitter workers are believed to be leaving the beleaguered social media company following an ultimatum from new owner Elon Musk that employees sign up for “long, high-intensity hours ” or leave. In a survey of the work app Blind, which verifies employees through their work email addresses and allows …
After Elon Musk’s ultimatum, Twitter employees start dating Read More »
Trials show small benefit, but without statistical validity Roche setback leaves Biogen and Eisai as leaders in the field It’s up to Roche’s CEO-designate to revive development fortunes Roche shares down 3.4%, its development partner Morphosys down 29% Nov 14 (Reuters) – Roche’s (ROG.S) Alzheimer’s drug candidate has not been shown to slow the progression …
Roche’s Alzheimer’s drug fails in long-awaited trial Read More »
HONG KONG/SINGAPORE/NEW YORK, Nov 10 (Reuters) – FTX chief executive Sam Bankman-Fried on Thursday launched an urgent campaign to raise funds to save his business as the crypto exchange seeks to fill a $8 billion hole in its finances, according to tweets and a memo to employees. Bankman-Fried said he was in talks with “a …
FTX’s Bankman-Fried Seeks Funding After Binance Deal Collapses Read More »
November 10 (Reuters) – (This story contains language that some readers may find offensive in paragraph 2) On Tuesday morning, Sam Bankman-Fried, owner of cryptocurrency exchange FTX, caught his employees off guard with a grim message. “I’m sorry,” he told them. “I screwed up.” The reason for the mea culpa: its announcement half an hour …
Nov 5 (Reuters) – Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) posted a $2.69 billion third-quarter loss on Saturday, rising inflation, falling equity investment and a steep loss due to Hurricane Ian, which offset the improvement in many of the conglomerate’s businesses. Operating income nevertheless increased by 20%, exceeding analysts’ forecasts. Berkshire benefited from higher demand …
Buffett’s Berkshire loses money as stocks and Hurricane Ian offset rising demand Read More »
China says Canada is breaking trade and market rules Chinese company stocks fall Companies say they don’t expect a major performance hit OTTAWA/BEIJING, Nov 2 (Reuters) – Canada on Wednesday ordered three Chinese companies to divest their investments in critical Canadian minerals, citing national security. In response, China accused Ottawa of using national security as …
Canada orders three Chinese companies to quit lithium mining Read More »
Nov 1 (Reuters) – Johnson & Johnson (JNJ.N) said on Tuesday it had reached an agreement to buy heart pump maker Abiomed Inc (ABMD.O) for $16.6 billion in cash, in a bid to boost the growth of its medical devices unit after the planned spin-off of the consumer healthcare business next year. J&J agreed to …
J&J buys heart pump maker Abiomed for $16.6 billion before consumer health fallout Read More »
