The US Federal Prosecutor’s Office accuses former employee of global Headlands Technologies Richard Ho of stealing a top-secret algorithm that underpins high-frequency trading. This is the first time a technical conflict of this magnitude has moved from the plane of…
Shares in Danish drugmaker Novo Nordisk rose 2.3% on Friday after Novo said it plans to move its experimental weight-management drug Amicretin into late-stage development after receiving feedback from regulators. Novo had a market capitalization of $365 billion as of…
Reliance Industries Ltd. sold about 3.7% of shares in Indian paint maker Asian Paints Ltd. in a package deal that raised $900 million. Reliance Industries, which owned a stake in the country’s largest paint maker Asian Paints, a unit of…
Dana’s Off-Road division manufactures mobile transmissions and propulsion systems for heavy-duty vehicles used in construction, agriculture, material handling, mining, forestry and industrial applications. In November, Dana announced plans to sell the business as part of a cost-cutting campaign to overcome…
Pepco has been considering options to sell the British discounter, which has more than 800 stores, since December and warned last month that a potential sale would result in meager earnings as the business experiences “challenging trading conditions”. “This sale…
Under the deal, which brings together two former competitors in the race to develop a COVID-19 vaccine, each CureVac share will be exchanged for approximately $5.46 in BioNTech American depositary shares (ADS), BioNTech said. The deal underscores BioNTech’s expensive long-term…
The new Global Networks business will include entertainment, sports and dozens of cable TV brands such as CNN, TNT and TBS, and will be led by CFO Gunnar Wiedenfels. He will own a 20% stake in another business, Streaming and…
Since 2010, Amazon has invested $26 billion in Pennsylvania, providing 27,000 full-time and part-time jobs, as well as 37,100 indirect jobs at various facilities. Amazon will provide local communities with training and education programs, including data center technician programs, fiber…
Fraudsters are creating deepfakes, AI is generating viruses, quantum computers are cracking passwords in a matter of hours, and turning off GPS could paralyze the global economy. Forbes Ukraine retells five vulnerabilities from Wired that could become the main threat…
Founders Fund, a venture capital firm backed by billionaire Peter Thiel, led a new funding round, committing $1 billion, according to the company’s CEO, Trey Stevens. He added that this is the largest check in Founders Fund history. Stevens, the…
The hype around artificial intelligence has allowed some small startups to grow quickly. But by some estimates, none has grown as fast as Anysphere Inc., maker of the popular AI-powered coding assistant Cursor, which has surpassed $500 million in annual…
NB Strategic Capital Fund II also received additional capital commitments from its limited partners, according to a filing reviewed by Bloomberg News. The final amount exceeds the fund’s initial goal of $2.5 billion, as well as the size of its…