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Novartis buys Regulus Therapeutics, deal expected to hit $1.7 bln 05/02/2025

Pending home sales index in the U.S. in March hits maximum since 2023 05/02/2025

Netanyahu pledges to answer the Houthis and Iran for the attack on Tel Aviv airport 05/05/2025

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Business & Finance

General Motors, Ford Motor: We are not afraid of recession

Trying to persuade investors that they can survive a recession without suffering a loss is a scenario that General Motors Co. and Ford Motor Co. are about to play. In addition to providing negative predictions for the world economy, experts have been decreasing their target stock price and earnings...

With The Starlink Mission, SpaceX Breaks The Annual Launch Record

Elon Musk's SpaceX set a new record for the number of rockets launched in a calendar year on Friday, breaking the previous year's total of 31 flights during a frenetic effort to launch its own broadband satellites into orbit. SpaceX's 32nd launch of 2022, using its workhorse Falcon 9...

Uniper Receives A $15 Billion Bailout From Germany Following A Russian Gas Outage

On Friday, the German government intervened to save Uniper with a 15 billion euro ($15.28 billion) bailout, after the gas importer became Europe's greatest casualty of Europe's energy stalemate with Russia thus far. The government will take a 30 per cent interest in Uniper as part of a...

First case of insider trading in cryptocurrencies opened in the U.S.

Ishan Wahi, a former manager of the cryptocurrency exchange Coinbase, has been charged by a New York district court with internet fraud and unauthorized use of confidential information from the firm. His brother and their acquaintance are facing comparable allegations. According to the Justice...

Netflix Forecasts Customer Growth Soothing Concerns Of Wall Street Investors

Netflix Inc avoided its own worst-case scenario of subscriber losses on Tuesday, reporting a nearly 1 million reduction from April to June and predicting a return to user growth in the third quarter. Shares surged 8 per cent in after-hours trading following the report, after falling about...

Netflix loses one million paid subscribers since April

From April to June, the American streaming provider Netflix reported losing one million paid subscribers. After leaving the Russian Federation, Netflix revealed in late April that the number of its paid customers in the first quarter decreased by 200,000. Netflix claims that the termination of the...

Apple to slow down new hires

Apple plans to decrease the number of new hires to get ready for a potential downturn in the economy. In 2023, Apple plans to slow down the pace of hiring new employees and spend less on pay, according to Bloomberg, which cited sources. The company made this decision in order to be more cautious...

Shopify Collaborates With Youtube To Boost Revenues From Content Creators

Shopify Inc established a collaboration with Alphabet Inc's YouTube on Tuesday to allow merchants to sell through the video platform, as the Canadian firm seeks to capitalise on the growing number of content creators who are starting their own e-commerce storefronts. The collaboration,...

France Will Spend $10 Billion To Gain Complete Control Of EDF

France's government has offered to spend 9.7 billion euros ($9.85 billion) to buy out EDF, giving it complete control of Europe's largest nuclear power operator as it deals with a continent-wide energy crisis. In a statement issued on Tuesday, the finance ministry stated that the...

Boeing expects orders for 787 Dreamliner to grow

After it resumes delivery, Stan Deal, general manager of Boeing's commercial aviation division, told Reuters on Sunday that the company anticipates an increase in new bookings for the 787 Dreamliner. Deal stated that Boeing is "extremely near" to beginning the 787 series model deliveries that have...