(Reuters) -GSK will pay about $1 billion for exclusive rights to further develop and commercialize Johnson & Johnson’s hepatitis B therapy, the British drugmaker said on Tuesday. JNJ-3989 was initially developed by Arrowhead Pharmaceuticals and licensed to Johnson & Johnson-owned Janssen in 2018. Exclusive rights to the therapy will fuel the expansion of GSK’s own…
By Chibuike Oguh NEW YORK (Reuters) -Shares of Nvidia Corp dropped by about 5% to a near five-month low on Tuesday following a Wall Street Journal report that the artificial intelligence (AI) giant may be forced to cancel up to $5 billion worth of advanced chip orders to China in compliance with new U.S. government…
By Ron Bousso and Shadia Nasralla LONDON (Reuters) – BP on Tuesday reported third-quarter earnings of $3.3 billion, missing analysts’ forecasts due to weak gas trading results while the firm wrote down a large chunk of a U.S. offshore wind project. BP shares were 4.3% lower by 1325 GMT after the results fell well short…
By Deena Beasley (Reuters) -Amgen on Tuesday said third-quarter sales rose 5%, but a full-year sales forecast raise only reflected additional revenue from its $27.8 billion acquisition this month of Horizon Therapeutics and its shares fell nearly 4%. Sales of some high profile medicines also fell short of expectations, likely contributing to the share move….
By Stephen Nellis SAN FRANCISCO (Reuters) -Apple on Monday introduced new MacBook Pro and iMac computers and three new chips to power them, with the company saying it had redesigned its graphics processing units (GPU), a key part of the chip where Nvidia dominates the market. The new computers and the M3, M3 Pro and…
By Jeff Mason, Trevor Hunnicutt and Alexandra Alper (Reuters) -U.S. President Joe Biden is seeking to reduce the risks that artificial intelligence (AI) poses to consumers, workers, minority groups and national security with a new executive order on Monday. It requires developers of AI systems that pose risks to U.S. national security, the economy, public…
In a time where the biggest tech companies are constantly trying to outdo each other, Alphabet (that’s the company that owns Google) recently shared some news about how it’s doing money-wise. And it’s mostly good news! They made more money than people thought they would, with a total revenue of $76.69 billion in the last…
By Arunima Kumar (Reuters) – Albemarle Corp, the world’s largest producer of lithium, is expected to report lower quarterly profit as prices of the silvery-white metal came under pressure due to concerns of falling near-term demand and oversupply. Lithium miners have had a tough year as weak electric vehicle (EV) sales growth led to high…
(Reuters) – Hedge fund Two Sigma Investments has told clients of $620 million in unexpected gains and losses which resulted from unauthorized adjustments, the Wall Street Journal reported. The Securities and Exchange Commission (SEC) is examining the matter, Sunday’s WSJ report added, citing sources. The SEC declined to comment on the WSJ report when approached…
By Foo Yun Chee BRUSSELS (Reuters) -The Group of Seven industrial countries will on Monday agree a code of conduct for companies developing advanced artificial intelligence systems, a G7 document showed, as governments seek to mitigate the risks and potential misuse of the technology. The voluntary code of conduct will set a landmark for how…
