A panel of U.S. Food and Drug Administration (FDA) advisers on Friday voted for the restricted use of British drugmaker AstraZeneca Plc.’s experimental treatment, jointly developed with Merck & Co., for a type of prostate cancer. The FDA panel voted 11–1 with one abstention, in favor of Lynparza, in combination with other medications—abiraterone and prednisone…
Investors Sue Adidas Over Kanye West Partnership, Fallout
WASHINGTON—Adidas is facing a class-action lawsuit from investors who allege the company knew about offensive remarks and harmful behavior from Ye, the rapper formerly known as Kanye West, years before ending its partnership with him. The German sportsbrand cut ties with its star collaborator in late October, following Ye’s antisemitic comments on social media and…
Regional Bank Shares Take Beating After First Republic Collapses
May 1, 2023
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Business & MarketsCompanieseconomic policieseconomyFDICFirst Republic BankinflationInvestmentJPMorgan ChaseMarketsPolicies & ImpactsrecessionUS
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U.S. regional bank shares took a beating after the collapse of First Republic and its takeover by JP Morgan Chase & Co. The Federal Deposit Insurance Corporation (FDIC) seized First Republic Bank in the second-largest bank failure in American history in what is also the third regional bank to fail this year. Shares of several…
Qantas Unveils Replacement for Retiring Chief Joyce
Alan Joyce will retire as head of Qantas after 15 years at the helm to be replaced by the national carrier’s financial chief. The airline announced on Tuesday that the role of chief executive and managing director would go to chief financial officer Vanessa Hudson once Joyce retires in November. Qantas chairman Richard Goyder said the appointment came after…
Marjorie Taylor Greene Responds to Tucker Carlson Exit, Says Fox Should ‘Do the Right Thing’
May 1, 2023
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Business & MarketsCompaniesMarjorie Taylor GreeneMedia & Big TechPoliticsRepublicansTucker CarlsonUSUS News
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Rep. Marjorie Taylor Greene (R-Ga.) called on Fox News to “do the right thing” after the network parted ways with popular host Tucker Carlson last week. “There has been a huge backlash against Fox News. Pretty much everyone I know has canceled their Fox News app,” Greene told The Hill in a recent interview. “They’ve…
Ratings for Fox News’ Tucker Carlson Replacement Show Continue to Drop
May 1, 2023
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Business & MarketsCompaniesMarjorie Taylor GreeneMedia & Big TechPoliticsRepublicansTucker CarlsonUSUS News
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Fox News’ ratings continued to tumble last Friday, with the Tucker Carlson replacement show drawing fewer than half the viewers than the previous week. Ratings posted by Nielsen Research show that “Fox News Tonight,” the replacement for Carlson’s 8 p.m. ET show, drew 1.15 million viewers on April 28. Carlson’s finale show on April 21…
Microsoft Confirms End of Windows 10: Here’s When
Microsoft announced the end of Windows 10, the world’s most popular operating system, and said the current version will be the last. In a “client roadmap update,” Microsoft said that the current version of Windows 10, 22H2, which was released in October 2022, is the final feature update. Security updates and support will still be…
Banking System ‘Safe’ After Second-Largest Bank Failure in US History, Biden Says
The U.S. banking system is “safe and sound” after federal regulators facilitated the sale of the distressed First Republic Bank, President Joe Biden confirmed. First Republic became the second-largest bank failure in U.S. history and the third midsize institution to collapse in less than two months. Speaking from the White House on May 1 to…
EV Flop: Rivian Market Cap Down 92 Percent, Stock Falls 60 Percent in Past Year
Electric vehicle manufacturer Rivian is losing investor confidence as its market capitalization and share prices have both tumbled, with the company now competing in a difficult market, where leader Tesla is aggressively reducing prices. In late 2021, when Rivian made its public trading debut, its market capitalization had crossed $150 billion. But now, the company’s…
Elon Musk Explains Why ‘Woke Mind Virus’ Is Pushing Civilizational Suicide
May 1, 2023
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Business & Marketscancel cultureCompaniesElon MuskFeatured TopicsMedia & Big TechUSUS Newswoke ideology
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Billionaire entrepreneur Elon Musk has provided more insight into why he believes the “woke mind virus,” or woke ideologies, are posing an existential threat to human civilization. Musk, a self-described free-speech absolutist, discussed the subject during a recent interview with “Real Time” host Bill Maher. The Tesla CEO said the root of the so-called “woke…
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