Category: News
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Trial success boosts NovoCure – Globes
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NovoCure (Nasdaq: NVCR) today announced good results in its pancreatic cancer trial. This announcement comes after the approval granted two months ago to sell the lung cancer treatment. NovoCure’s stock price is currently up more than 30% on the Nasdaq, giving the company a market cap of $2.83 billion. The…
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Get ready for weaker returns in 2025 after huge stock gains in the last 2 years, Wharton professor Jeremy Siegel says
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Getty Images Jeremy Siegel said the S&P 500 will see gains of a maximum of 10% next year. The Wharton professor expects large technology stocks to see flat returns in 2025. But he said small and mid-cap stocks with low capitalization would rise. the Standard & Poor’s 500 Jeremy Siegel…
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Alaska Airlines website crashes as Cyber Monday sale kicks off, resulting in grounded flights
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A technology issue at Alaska Airlines temporarily grounded flights in Seattle on Monday morning and caused problems into the afternoon for people trying to book flights on its website, Alaska Airlines said. The Seattle-based company said in a statement that the issue Monday morning led to “significant disruption” to its…
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BAE Systems to recruit record 2,400 trainees in 2025
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BAE Systems, the UK’s largest defense company, is set to recruit a record 2,400 apprentices, undergraduates and graduates next year, marking a major milestone in its continued investment in workforce development. This admission will take the total number of apprentices across the FTSE 100 group to 6,500 – approximately 15%…
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Teck Announces Appointment of Vice President, Investor Relations
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Article content VANCOUVER, British Columbia, Dec. 02, 2024 (GLOBE NEWSWIRE) — Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today announced the appointment of Emma Chapman to the position of Vice President and Investor. Relationships, effective 1 December 2024. Ms Chapman succeeds Fraser Phillips, who will retire early…
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Staunch Israel supporter Pat Gelsinger steps down as Intel CEO
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Pat Gelsinger is stepping down as CEO of microchip giant Intel, which employs nearly 10,000 people in Israel, after four years in the job. Gelsinger will be replaced by two vice presidents who will jointly run the company as interim CEOs until a permanent replacement is found: CFO David Zinsner…
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Delaware judge rejects request to restore Musk’s $56 billion Tesla pay
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Written by Tom Hulse and Jonathan Stemple WILMINGTON, Del. (Reuters) – A Delaware judge ruled on Monday that Tesla CEO Elon Musk is still not entitled to a $56 billion compensation package despite the electric car company’s shareholders voting to reinstate it. The ruling by the judge, Counsel Kathleen McCormick…
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Can AI help design cities?
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Seventy percent of the world’s population will live in cities by 2050, and this large number makes urban planning more difficult. As a result, planners have turned to technology, most recently generative artificial intelligence, to help design, analyze and develop dense areas. Enthusiasts envision urban planners using AI to review…
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Bank of England warns of growing financial risks from trade war
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The Bank of England has warned that escalating trade wars, geopolitical instability and rising global debt levels are amplifying risks to the UK’s financial system. Officials cited the country’s vulnerability due to its “open economy and large financial sector,” according to the World Bank’s latest financial stability report. Andrew Bailey,…
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Better drugs through AI? Insitro CEO on what machine learning can teach Big Pharma
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Breadcrumb links PMN BMN Business Article writer: Associated Press Matthew Perrone Published on December 02, 2024 • 3 minutes read You can save this article by registering for free here. Or log in if you have an account. (AP illustration/Jenny Soon) Photography by Ap Illustration/Jenny Soon /Associated Press Article content…
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Paris gathering told trade prospects with Israel looking up
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When the presentations began here in Paris during the 32nd annual dinner of the French-Israeli Chamber of Commerce, CCFI, it was quite clear that, especially in wartime, we cannot take politics out of business, nor business out of politics, certainly not. In the Middle East. “The ceasefire with Hezbollah is…
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Super Micro Computer Pops on Good News. Is the Stock Safe to Buy Now?
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shares Super micro computer (NASDAQ: SMCI)a struggling artificial intelligence (AI) server maker, rose today after the company finally gave investors a positive update from its independent special committee. Supermicro, which has gone through a series of financial reporting setbacks, provided some good news and helped boost investor confidence. Missing your…
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If you buy all the gifts from ‘The 12 Days of Christmas’ this year, you will pay twice as much as you did last year
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Let’s be honest… if you really think the idea of buying your true love a bunch of birds and a dozen percussionists is a great idea, then we need to get you a personal shopping assistant ASAP. But if you’re curious about how inflation affects the elements in one of…
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Government-backed council to champion ‘unsung’ mid-sized businesses
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A government-backed group is now being set up to represent the UK’s medium-sized businesses, which are often overlooked despite their significant contribution to the economy. According to a NatWest report, these “unsung” companies could add an additional £115 billion to the UK economy by 2030 with the right support, driving…
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Upwind Security raises $100m at $900m valuation
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An Israeli cloud infrastructure security company Security upwindToday it announced that it has completed a $100 million Series B funding round led by Craft Ventures with new investors TCV and Alta Park Capital, in addition to all existing investors including Greylock, Cyberstarts, Leaders Fund, Cerca, and Sheva – which was…
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Trump’s low oil price promise is a risk and a boon for emerging markets
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Written by Rodrigo Campos and Libby George NEW YORK/LONDON (Reuters) – Donald Trump promised to “drill, baby, drill” to cut energy costs in half, a plan that sends shivers through the governments of emerging market oil producers worried about dollar yields and fills poorer importing countries with hope. In practice,…
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Political sway will be paramount leadership skill in coming years
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For CEOs and CEO aspirants, establishing or strengthening direct relationships with the White House will be even more important during the next presidential term, as evidenced by the wave of tech executives kneeling before President-elect Donald Trump’s inauguration. For example, Meta CEO Mark Zuckerberg visited Mar-a-Lago during Thanksgiving week in…
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Political sway will be paramount leadership skill in coming years
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For CEOs and CEO aspirants, establishing or strengthening direct relationships with the White House will be even more important during the next presidential term, as evidenced by the wave of tech executives kneeling before President-elect Donald Trump’s inauguration. For example, Meta CEO Mark Zuckerberg visited Mar-a-Lago during Thanksgiving week in…
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FCA over-regulation risks choking crowdfunding and harming small businesses
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The Financial Conduct Authority (FCA) has been criticized for its strict regulation of the crowdfunding industry, which critics claim stifles investment and cuts off vital funding flows for small and medium-sized enterprises (SMEs). The UK Crowdfunding Association (UKCFA) has warned that these regulations could cost the economy billions of pounds…
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FCA over-regulation risks choking crowdfunding and harming small businesses
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The Financial Conduct Authority (FCA) has been criticized for its strict regulation of the crowdfunding industry, which critics claim stifles investment and cuts off vital funding flows for small and medium-sized enterprises (SMEs). The UK Crowdfunding Association (UKCFA) has warned that these regulations could cost the economy billions of pounds…