FINANCE
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Regeneron buys bankrupt 23andMe for $256m
23andMe has found itself a buyer after biotech Regeneron won an auction to buy the bankrupt genetics company for $256m. As part of a court-supervised sale, the auction will see Regeneron acquire the majority of 23andMe’s assets. This includes the company’s Personal Genome Service (PGS) and Total Health and Research Services business lines, but not the Lemonaid Health subsidiary. Lemonaid…
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BMW Group Plant Landshut enhances digitalisation in production
The BMW Group is enhancing digitalisation in its component production, with the Landshut plant using AI-supported data analysis to detect anomalies and prevent cyberattacks. The plant employs digital process control and networked production facilities to improve productivity and quality. BMW Group Plant Landshut head Thomas Thym said: “We not only implement technical progress, but also actively shape it in order…
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Goldman is assembling a growing arsenal of AI tools. Here’s everything we know about 5.
Getty Images; Jenny Chang-Rodriguez/BI Goldman Sachs has been building out its generative AI toolkit. The firm aims to release one of its tools, an AI assistant, to most staff this year. Here’s a look at five such tools — the promise of what they can do, plus who’s using them and how. Last summer, Goldman Sachs’ tech chief, Marco Argenti,…
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Sell in May and go away? Historic volatility is crushing investors’ favorite seasonal indicators.
TIMOTHY A. CLARY/AFP via Getty Images The old motto “sell in May and go away” might not be a great guideline this year. Trade war, tax policy, and debt ceiling risks are skewing seasonal norms, analysts told BI. May tends to outperform in a postelection year. In a market dominated by shocking headlines and policy whiplash, seasonal mottos like the…
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Seagate Bets On Mega-Sized, Sustainable Drives As AI Sparks Record Data Demand
Seagate Technology Holdings (NASDAQ:STX) is amid efforts to develop a 100-terabyte hard drive by 2030. Seagate’s chief commercial officer, BS Teh, told CNBC on Wednesday that the data storage firm aims to launch a drive with about three times the capacity of its top-notch hard drives by 2030. The largest hard disk drive Seagate currently produces is the 36-terabyte Exos M…
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Is Robinhood Markets, Inc. (HOOD) The Best Stock To Buy and Hold For 10 Years?
We recently compiled a list of the 12 Best Stocks to Buy and Hold For 10 Years. In this article, we are going to take a look at where Robinhood Markets, Inc. (NASDAQ:HOOD) stands against the other stocks to buy and hold for 10 years. When the stock market experiences a sharp decline, as it did after the Trump administration…
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Why Nebius Group Stock Soared Today
Capital spending plans from major tech players on artificial intelligence (AI) infrastructure is good news for Nebius. The company is confident it will experience a huge jump in revenue this year. Its next update on May 20 will be critical for investors. Shares of Nebius Group (NASDAQ: NBIS) are flying today. After surging more than 13%, the artificial intelligence (AI)…
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Red Cat Holdings, Inc. (RCAT): A Bull Case Theory
Red Cat Holdings, Inc. (RCAT): A Bull Case Theory Source link
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Shareholders approve Carrefour bid to take Brazil unit private
SAO PAULO (Reuters) – Shareholders in Carrefour’s Brazil unit, Atacadao SA, voted to take it private after a bid by the French retailer to do so, according to a securities filing on Friday. Carrefour will pay 8.50 reais ($1.50) in cash per class A preferred share held in Carrefour Brasil, as proposed by the parent company earlier in April. Newspaper…
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Why Novo Nordisk Stock Popped Today
Novo Nordisk (NYSE: NVO), the Danish drugmaker that’s been riding high ever since it began putting out Ozempic and Wegovy GLP-1 injectables for treatment of diabetes and weight loss, got another shot in the arm yesterday — one that helped the stock dodge the market downturn entirely and end the day somewhat in the green. The same news that helped…
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