Regeneron Acquires 23andMe for $256 Million in Bankruptcy Auction
Biotech giant Regeneron Pharmaceuticals has announced plans to acquire genetic testing firm 23andMe for $256 million, following the company’s bankruptcy proceedings. The deal was confirmed on Monday and is expected
Boeing CEO Dave Calhoun’s Compensation Surges to $32.8 Million Amid Company’s Struggles
Despite Boeing's ongoing challenges, CEO Dave Calhoun received a significant boost in compensation in 2023, totalling $32.8 million, marking a 45% increase from the previous year. This hefty sum includes
FCC Terminates Affordable Internet Program Due to Funding Shortage
The Federal Communications Commission (FCC) has officially announced the termination of the Affordable Connectivity Program (ACP), a federal initiative that provided internet access to millions of low-income Americans. The program's
Tech Giants Pour Billions Into AI Race as Spending Hits Record Levels
Global technology leaders Meta, Alphabet, and Microsoft are ramping up spending on artificial intelligence (AI) as competition intensifies to dominate the rapidly expanding sector. The massive investments, revealed in fresh
Soda is Making a Comeback
Soda is making a notable resurgence in the U.S., as consumers return to classic beverages like Coca-Cola and Dr Pepper, according to recent quarterly earnings reports. Both soda giants reported
Oscars to Move From ABC to YouTube Streaming in 2029
The Academy Awards will shift to exclusive streaming on YouTube beginning in 2029, marking a major change in how one of Hollywood’s most prestigious events reaches audiences worldwide. The Academy
Hertz is Selling 20,000 Electric Vehicles to Buy Gasoline Cars Instead
In a strategic move, Hertz, a company that had been significantly expanding its electric vehicle (EV) fleet, has decided to sell around 20,000 electric cars, constituting a third of its
Activision Apocalypse: Sony Forecasts $1.5 Billion Loss by 2027 After Microsoft Merger
In the aftermath of Microsoft's acquisition of Activision Blizzard King, Sony foresees a challenging future, projecting a significant financial setback of $1.5 billion by 2027. The tech giant perceives Microsoft's
Microsoft Confirms it’s Investing Billions in the Creator of ChatGPT
Microsoft on Monday confirmed it is making a “multibillion dollar” investment in OpenAI, the company behind the viral new AI chatbot tool called ChatGPT. As reported on CNN, Microsoft, an
BP Sells Majority Stake in Castrol for $6bn as It Refocuses on Core Oil and Gas Business
BP has agreed to sell a controlling stake in its Castrol lubricants business in a deal worth $6bn (£4.4bn), as the energy giant accelerates efforts to streamline operations and reduce
Washington Post CEO Faces Mounting Pressure Amid Ethics Controversies
Washington Post's new publisher and CEO, Will Lewis, is under intense scrutiny following allegations of unethical journalism practices from his past tenure at the Sunday Times. A New York Times
Court Halts NBC’s Effort to Terminate Nigeria’s Analogue-to-Digital TV Transition Contract
A High Court in Abuja has ordered the National Broadcasting Commission (NBC) to temporarily halt its move to terminate a contract related to Nigeria's transition from analogue to digital television.
Google Stock Loses $57 Billion Amid Microsoft’s AI ‘Lead’ — And Reports It Could Be Replaced By Bing On Some Smartphones
Alphabet shares are on pace for their worst day in over two months following a report indicating the Google parent company is in danger of losing a key multibillion-dollar search
Upgraded ChatGPT Teaches Maths and Flirts – But Still Glitches
OpenAI has introduced its latest iteration of the ChatGPT AI chatbot, named GPT-4o, promising enhanced capabilities and a more engaging conversational experience for users. Unlike previous models, GPT-4o will be
Microsoft CEO Satya Nadella Sees 63% Pay Rise Despite Request for Reduction Amid Cybersecurity Concerns
Microsoft’s CEO, Satya Nadella, received a $79.1 million compensation package for the past fiscal year, marking a 63% increase from the previous year, despite his personal request for a reduction
PepsiCo Announces $216 Million Investment in Long-term Partnerships
PepsiCo has announced a $216 million multi-year investment in long-term, strategic partnership agreements with three of the most well-respected farmer-facing organizations – Practical Farmers of Iowa (PFI), Soil and Water
Disney Strikes $1bn Licensing Deal With OpenAI for AI-Generated Characters
Disney has agreed to a $1bn (£740m) partnership with OpenAI that will allow users to create images and videos featuring characters from the entertainment giant’s vast catalogue using tools such
The Hennessy Cypher 2023 Sets Nigerian Rap Scene Abuzz
The Hennessy Cypher 2023 is taking the Nigerian rap community by storm with its unmatched lyrical showcase. Featuring a stellar lineup of Ladipoe, Vector, Blaqbonez, and Zlatan, this year's Hennessy
OnlyFans Owner Leonid Radvinsky Earns $631 Million Amid Surge in Subscribers
Leonid Radvinsky, the owner of OnlyFans, paid himself $631 million over a span of nearly two years as the platform saw significant growth in user traffic. According to newly released
Over 2,000 Jobs on the Line as Ocado to Shut Hatfield Facility
Ocado is set to shut one of its biggest customer fulfilment centres, putting at risk the jobs of some 2,300 staff who work there. The online retailer said its Hatfield
