GE HealthCare Technologies Inc.’s shares rose as much as 8.4 percent in their Nasdaq debut on Wednesday and its chief executive said the company was looking to do small acquisitions to boost its cardiology and oncology operations in the long term. The company, which was spun off from conglomerate GE, had opened 3 percent lower…
Oklahoma AG Announces 4 New Opioid Settlements Worth $226 Million
OKLAHOMA CITY—Oklahoma entered settlement agreements with three major pharmacy chains and an opioid manufacturer totaling more than $226 million, Attorney General John O’Connor announced Wednesday. Including the new settlements with drugmaker Allergan and pharmacy chains CVS, Walgreens, and Walmart, Oklahoma has received more than $900 million from opioid makers and distributors to help address the…
Apple Looses $1 Trillion in Market Value in a Year
January 4, 2023
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Apple IncBusiness & MarketsCompanieseconomyInvestmentmarket valueMarketsMedia & Big TechTechUSUS News
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Apple has lost $1 trillion in market value over the last year, as the tech company faces its worst decline in months. The tech giant’s market cap dipped below $2 trillion on Jan. 3 for the first time since May 2021, one year to the day after it became the first publicly traded Silicon Valley company to…
Apple Loses $1 Trillion in Market Value in a Year
January 4, 2023
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Apple IncBusiness & MarketsCompanieseconomyInvestmentmarket valueMarketsMedia & Big TechTechUSUS News
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Apple has lost $1 trillion in market value over the last year, as the tech company faces its worst decline in months. The tech giant’s market cap dipped below $2 trillion on Jan. 3 for the first time since May 2021, one year to the day after it became the first publicly traded Silicon Valley company to…
Rep. Schiff Pressured Twitter to Ban Journalist, New Messages Show
January 4, 2023
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Adam SchiffBig Tech, Censorship, and SocialismBusiness & MarketsCompaniesDemocratsFeatured TopicsMedia & Big TechPoliticsTwitterUSUS News
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A top Democrat pressured Twitter to ban a journalist, according to newly released messages. Rep. Adam Schiff (D-Calif.)’s office pressured Twitter in 2020 to ban Paul Sperry, an investigative journalist, the messages show. Schiff, the chairman of the House Intelligence Committee at the time, wanted “many accounts” allegedly linked to QAnon suspended, including Sperry, one…
US Manufacturing Falls Deeper Into Recession, Factory Data Show
The American manufacturing sector fell deeper into recession last month, according to the latest factory data. December saw manufacturing slow to its slowest pace since the start of the pandemic, as demand remained low and production began to weakened, according to data from the Manufacturing ISM Report On Business® and the S&P Global U.S. Manufacturing PMI…
Twitter Says It Will Relax Ban on Political Advertising
Twitter says it will ease up on its 3-year-old ban on political advertising, the latest change by Elon Musk as he tries to pump up revenue after purchasing the social media platform last year. The company tweeted late Tuesday that “we’re relaxing our ads policy for cause-based ads in the US.” “We also plan to…
US Auto Sales to Fall in 2022, GM Set to Reclaim Top Spot From Toyota
U.S. new vehicle sales are expected to decline for major automakers in 2022 due to inventory shortages, which weighed on Asian brands more than the Detroit giants such as General Motors Co. and Ford Motor Co. Full-year U.S. auto sales are forecast to be about 13.9 million units, down 8 percent from 2021 and 20…
Salesforce to Cut 10 Percent of Workforce in Latest Tech Layoffs
January 4, 2023
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Salesforce Inc. plans to cut its workforce by 10 percent and close some offices, saying it needs to cut costs after rapid pandemic hiring left it with “too many people” amid an economic slowdown, sending its shares up 5 percent. The cloud-based software company said on Wednesday it expects between $1.4 billion and $2.1 billion…
New Twitter Files Reveal How Company Allowed Intelligence Agencies to Influence It
January 4, 2023
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A series of tweets by investigative reporter Matt Taibbi has revealed how Twitter came under the influence of American intelligence agencies after concerns about foreign influence put the company under the spotlight. Until August 2017, Twitter was not on many people’s radars with regard to the Trump–Russia foreign influence scandal. In September that year, Twitter…
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