Business

Lilly Strikes $1.3 Billion AI Drug Discovery Deal

Eli Lilly has agreed to a deal worth up to $1.3 billion with Superluminal Medicines to use its AI platform...

CoreWeave Shares Slide as Losses Outpace AI Revenue Growth

CoreWeave stock prices dropped 11% during Wednesday after the Nvidia-backed AI infrastructure provider announced a larger-than-expected quarterly loss which raised...

Take-Two Outlook Signals Mobile Gaming Recovery

Take-Two Interactive stock prices increased by 3.5% after the publisher increased its annual revenue projections because mobile gaming showed signs...

New Bid Surfaces in U.S. Auction of Citgo Parent

A U.S. court auctioning shares in Citgo Petroleum’s parent to repay creditors has received an unsolicited competing bid, court officer...

Caterpillar Warns Tariffs Could Cut $1.5 Billion From Profit

The construction and mining equipment manufacturer Caterpillar predicted U.S. tariffs would result in a maximum $1.5 billion loss during 2025...

Fox Tops Forecasts, Lifts Buyback by $5 Billion

The fourth quarter results of Fox Corp exceeded market expectations because of rising advertising and affiliate revenue while the company...

OpenAI, Google, Anthropic Approved for Federal AI Procurement

The U.S. General Services Administration has added OpenAI’s ChatGPT, Google’s Gemini, and Anthropic’s Claude to its roster of approved artificial...

Tower Semiconductor Sees Stronger Q3 Revenue

Tower Semiconductor predicts its third-quarter revenue will surpass market expectations because of constant market demand for automotive and industrial and...