Moderna has lowered the high end of its 2025 revenue forecast, citing a delay in Covid vaccine shipments to the UK. The company now expects between $1.5 billion and $2.2 billion in revenue, down $300 million at the top of its earlier range. The adjustment comes as Moderna continues to…

Brazil’s antitrust regulator CADE has opened an investigation into US tech giant Microsoft at the request of Norwegian browser firm Opera, which had filed a formal complaint with the regulator. At stake in the inquiry is whether Microsoft has unfairly blocked its competitors from signing up users because its Edge…

Reddit Inc. shares surged on Friday after the company posted its most profitable quarter to date and offered a third-quarter revenue forecast that significantly beat Wall Street expectations. The strong performance, driven by growth in Reddit’s advertising business, marks a key milestone for the company following its public debut in…

OpenAI has secured $8.3 billion in new capital as part of its ongoing $40 billion fundraising effort, CNBC reported, citing a person familiar with the deal. The fresh round of funding reflects heightened investor enthusiasm for artificial intelligence, as OpenAI’s business continues to expand at a rapid pace.Annual recurring revenue…

Novo Nordisk stock sharply tanked this week, marking the pharmaceutical company’s worst-ever weekly loss with a decline of more than 30% by Friday.This plunge extended the stock to its lowest point since August 2021, erasing nearly all gains made since the launch of its blockbuster weight-loss drug Wegovy.Not long ago,…

Private equity-backed insurers are intensifying their presence in the UK’s booming pension risk-transfer market, securing deals worth $10.7 billion in just the past month. As British corporations continue to shed defined-benefit pension liabilities to refocus on core business activities, the £1.4 trillion ($1.8 trillion) sector has become a lucrative target…

A federal jury in Miami has ruled that Tesla must pay $329 million in damages in connection with a fatal 2019 crash involving its Autopilot system. The case, which was heard in the Southern District of Florida, concluded with the jury finding Tesla partly liable for the collision that killed…

US stocks kicked off August with a sharp retreat as the Trump administration announced reciprocal tariffs on several countries – with levies ranging from 10% to 41%.A disappointing monthly jobs data (July) revealing ongoing labour market weakness added further to investor woes, triggering a notable decline of as much as…