Business News
SpaceX hit by surging AI costs as insiders prepare to sell their shares
For a rocket company, SpaceX is spending a lot of money to build out its AI capacities.
J&J reaches sweeping talc deal that could end decade of litigation
Johnson & Johnson said it would pay an estimated $5.5 billion to resolve tens of thousands of lawsuits alleging its baby powder and other talc products cause ovarian cancer, in a landmark deal.
Novo Nordisk says it is suing Eli Lilly, accusing it of false advertising
Novo Nordisk said on Tuesday it was suing rival Eli Lilly in U.S. federal court, accusing the U.S. drugmaker of false advertising in claiming its weight-loss medicines outperform Novo‘s drugs.
Farmers and advocates cautiously celebrate John Deere’s right-to-repair settlement
A deal with the FTC requires Deere to give farmers access to the same repair tools as its dealerships for a decade. Some farmers say they’ve heard similar promises before.
Comcast to split into two companies, spin off NBCUniversal and Sky
Comcast announced Monday that it plans to split into two publicly traded companies by spinning off NBCUniversal and Sky, the British broadcaster it bought in 2018