OpenAI taps veteran of Nextdoor and Square as new CFO, dismisses IPO speculation
Artificial-intelligence developer OpenAI said Monday that Sarah Friar would become its next chief financial officer, as it prepares to work more closely with a growing number of large companies and deal with an increasingly fraught landscape for the technology.
FDA advisors recommend Eli Lilly Alzheimer’s drug donanemab
Eli Lilly headquarters in Indianapolis, Indiana, US, on Wednesday, May 3, 2023. Eli Lilly & Co.’s shares climbed in early US trading after its experimental drug for Alzheimer’s slowed the progress of the disease in a final-stage trial, paving the way for the company to apply for US approval. AJ Mast | Bloomberg | Getty […]
Christy Goldsmith Romero reportedly the front-runner to lead troubled FDIC
Derivatives regulator Christy Goldsmith Romero is the front-runner to lead the Federal Deposit Insurance Corp. following Chair Martin Gruenberg’s resignation, the Wall Street Journal reported late Monday.
UAW President Shawn Fain under investigation by federal monitor
United Auto Workers President Shawn Fain testifies about the toll of working hours on laborers before the Senate Health, Education, Labor and Pensions Committee in the Dirksen Senate Office Building on Capitol Hill in Washington, D.C., on March 14, 2024. Chip Somodevilla | Getty Images DETROIT — United Auto Workers President Shawn Fain is under […]
Cooling costs are expected to soar this summer. Here are 5 ways to keep your bills down.
Air-conditioning bills are expected to soar this summer, but there are steps consumers can take to control them.
Roche alleges counterfeit diabetes medical devices were sold on Amazon
Roche, one of the world’s largest biotech companies, said “dangerous counterfeits” of its diabetes medical devices ended up for sale on Amazon to be bought by patients throughout the United States. Roche accused manufacturers and sellers based in India of selling counterfeit versions of its Accu-Chek devices, which are used to test blood glucose levels. […]
Southwest Airlines faces activist challenge from Elliott
Activist hedge fund Elliott Management has amassed a $1.9 billion stake in Southwest Airlines and plans to push for leadership changes at the airline that has lagged big rivals. Elliott is seeking to replace Southwest CEO Bob Jordan and Chairman Gary Kelly with outside candidates, the activist said in a letter and presentation Monday. Elliott believes Southwest has fallen […]
This chart shows why people are so down on the economy — even with the stock market at record highs
Inflation has slowed, unemployment remains subdued and wages continue to rise. So why are Americans still feeling so downbeat about the economy?
Moderna combination Covid, flu vaccine shows positive late-stage data
Empty bottles of Moderna’s Covid-19 vaccine. Fred Tanneau | AFP | Getty Images Moderna on Monday said its combination vaccine that targets both Covid-19 and the flu was more effective than existing standalone shots for those viruses in a late-stage trial. The biotech company is the first to release positive phase three data on a […]
The famous ‘Home Alone’ house lasted just a week on the market at $5.25 million
The 9,126-square-foot home in Winnetka, Ill., was featured in the beloved 1990 holiday film .
