Volkswagen to Sell German Site to Israel's Aurelius, State of Lower Saxony
Under the deal, investment company Aurelius would take over the plant as majority owner, together with the state of Lower Saxony and turn it into a security and defense facility.
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CXMT Highlights Smartphone, AI Advances as Market Share Climbs
The Chinese memory-chip maker sought to reassure investors that it is gaining ground in higher-end memory markets, citing advances in smartphone and artificial-intelligence technologies.
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Novo Nordisk Says Wegovy Shot Helped Children Lose Weight in Trial
The Danish drugmaker said the clinical trial met its primary goal after 68 weeks of treatment.
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Novartis Shares Fall After Heart Drug Misses Target in Late-Stage Trial
The company said the late-stage study for its pelacarsen drug missed its primary objective of reducing the risk of cardiovascular events like death, heart attack and stroke compared with placebo.
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Jaguar Land Rover Plans to Cut Around 9% of Workforce as Headwinds Mount
Jaguar Land Rover faces headwinds from intensifying Chinese competition and U.S. tariffs and said that it must simplify its organization.
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Hermès Has Big Watchmaking Ambitions. The Cult of the Birkin Is Getting in the Way.
Many people only buy the brand's watches to boost their chances of getting a handbag.
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Amazon Cargo Plane Overshoots Runway in Miami, Killing Five People
More than 60 Miami-Dade Fire Rescue units rushed to the scene to put out the flames and assess any injuries.
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Insilico's Co-CEO Has Big Hopes That Fibrosis Drug Can Reverse Aging Too
Alex Zhavoronkov, founder and co-chief executive of techbio company Insilico, is among the scientists who have devoted countless hours to studying aging.
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Beijing to Inject More Than $50 Billion Into Banks, Insurers
The move marks the second round of capital infusion in less than two years and comes as China's growth momentum is sputtering.
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Carmakers Have a New Idea to Boost EV Range: Add a Gas Engine
Hyundai, Ford and Stellantis are planning to introduce larger EVs with gas generators to solve range anxiety.
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The GLP-1 Squeeze: How Soaring Healthcare Costs Are Forcing Employers to Act
As employers brace for a fresh round of rising healthcare costs that outpace inflation, the stakes are getting higher for companies to contain spending on treatments such as popular GLP-1 medications for weight loss.
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NHTSA Opens Probe Into Tesla's Cybercab Rollout
The transportation agency is reviewing the new robotaxi's design and compliance with safety standards.
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EQT to Buy Insurance Broker McGill in $2 Billion Deal
EQT has agreed to buy a majority stake in insurance broker McGill and Partners for $2 billion, the Swedish investment group said.
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Bloom Energy was just named to the S&P 500. These other stocks are joining the index as well.
Molson Coors Beverage, Builders FirstSource and Trade Desk will be getting the boot from the benchmark index.
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Computer Makers Are Selling Fewer PCs at Higher Prices. So Far, It's Working
The trend is being driven by the shortage of memory chips, and accompanying soaring costs, stemming from the massive buildout of artificial-intelligence infrastructure.
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Tesla-Challenging EV Truck Startup Windrose Loses Most of Chinese Staff
About 100 Chinese employees at the Chinese-European electric trucking startup have departed after it fell behind on wages.