By Cecilia Butini Roche Holding AG reported sales growth in 2022, but said it expects a decrease in sales for 2023 due to a drop in the sale of Covid-19 products. The Swiss pharma major posted sales of 63.28 billion Swiss francs ($69.65 billion) for the full year 2022, up from CHF62.80 billion in 2021 …
The Bitcoin logo on a Coinstar cryptocurrency ATM at a grocery store in Washington, Jan. 19. Photo: stefani reynolds/Agence France-Presse/Getty Images In the US in recent years, privately owned companies have issued thousands of new cryptocurrencies, large and small. These have subsequently become publicly traded without any governmental pre-approval of disclosures. In some cases, a …
A California judge on Wednesday denied the Federal Trade Commission’s bid for a preliminary injunction to block Meta Platforms Inc.’s proposed acquisition of VR startup Within Unlimited. The sealed decision from federal judge Edward Davila of San Jose, Calif., does not preclude the agency from pursuing a separate case to block the deal, according to …
Meta wins bid to buy VR startup Within Unlimited, beating US FTC in court: report Read More »
MEXICO CITY — Fifteen grade school students in Mexico have been treated after apparently taking part in an internet “challenge” in which groups of students take tranquilizers to see who can stay awake the longest. The incident occurred Monday in the north-central city of Guanajuato. It came just days after health authorities issued a national …
15 students in Mexico treated for internet drug ‘challenge’ Read More »
Apple Inc. was saved in its last earnings report by an unlikely hero, and the same dynamic may show up in the tech giant’s holiday earnings. Macs posted record revenue of $11.5 billion that was more than $2 billion ahead of expectations in the September quarter, making up for a shortfall in Apple’s AAPL, -2.07% …
Apple earnings may rely on an unlikely hero amid iPhone uncertainty Read More »
Over the past three decades, American innovation has played an outsized role in defining, inventing and deploying the wireless technology that helps tuck the world into our back pocket. But if US legislators don’t take action to foster and protect homegrown development, the country risks ceding its global leadership position. In 1993, AT&T, -0.25% It …
Kris Kashtanova says doing the art for the graphic novel “Zarya of the Dawn” was like conjuring it up with a spell. “New York Skyline forest punk,” the author typed into an artificial intelligence program that turns written prompts into pictures. Then came the tinkering with the wording to get the right effect. Crepuscular rays. …
AI Generated Art for a Comic Book. Human Artists Are Having a Fit. Read More »
North American pension-fund investment in private-market loans reached an eight-year high in 2022, even as banks pulled back on lending and default rates increased upward. The average share of these retirement funds parked in the illiquid, typically unrated debt has crept up steadily to 3.8%, the highest on record, according to analytics company Preqin. Though …
Pension Investments in Private Credit Hit Eight-Year High Read More »
Tuesday The Labor Department releases its employment-cost index for the fourth quarter, which captures employers’ labor costs by measuring wages and benefits paid to workers. Wage gains have been historically strong, fueling but not keeping pace with inflation. The European Union’s statistics agency releases fourth-quarter gross domestic product for the 19-nation eurozone. The combination of …
Economy Week Ahead: US Interest Rates, Labor Market in Focus Read More »
Russia has managed to keep its oil moving to world markets, defying fears that sanctions imposed last month would lead to a plunge in exports. A small office in a suburb of Mumbai helps explain how Russian crude continues to flow. The address is home to an Indian shipping company that didn’t manage a single …
Upstart Indian Shipper Helps Get Russian Oil to Market Read More »
