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Elon Musk Becomes First $700 Billion Person After Pay Ruling
Tesla ?CEO Elon Musk's net worth surged to $749 billion late Friday after the Delaware Supreme Court reinstated Tesla stock options worth $139 billion that were voided last year, according to Forbes' billionaires index.
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Google Warns US Visa Holders Against Travel
Alphabet's Google has advised some employees on U.S. visas to avoid international travel due to delays at embassies, Business Insider reported Friday, citing an internal email.
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How Surveillance and the 'Reddit Detective Agency' Found a Killer
More than a decade ago, a frenzied five-day search for the Boston Marathon bombers left some lessons in its aftermath.
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Musk Wins Appeal and Restores Tesla $56B Pay Day
Elon Musk's 2018 pay package from Tesla, once worth $56 billion, was restored by the ?Delaware Supreme Court Friday, two years after a lower court struck down the compensation deal as "unfathomable."
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2025 Acura ADX AWD A-Spec Advance: Acura's Affordable Answer to Luxury Crossovers
The 2025 Acura ADX AWD A-Spec Advance enters the luxury compact crossover market with a bold mission: offer the styling, tech, and driving refinement of premium European rivals-at a far more accessible price point.
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BofA Investment Bankers to Get Bonuses up to 20%
Bank of America will boost bonus payouts for its best performing investment bankers after a surge in ?deals this year, according to two sources familiar ?with the matter.
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Space Development Agency Orders 72 Satellites for $3.5B
The Space Development Agency, part of the ?U.S. Space Force, said Friday it has reached agreements with four defense suppliers to build 72 satellites, worth about $3.5 billion collectively.
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AI Chip Firm Cerebras Set to File for US IPO After Delay
AI chip maker Cerebras Systems is preparing to file for a U.S. initial public offering as soon as next week, targeting a second-quarter 2026 listing, people familiar with the matter said.
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Morgan Stanley Seen as Frontrunner for SpaceX IPO
Morgan ?Stanley is emerging as a leading contender for a key role in SpaceX's blockbuster initial public offering, as the bank's close ties to CEO Elon Musk give it an edge in his decision, according to three people familiar with the matter.
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Top Drugmakers to Lower US Prices for Some Drugs
AbbVie, Bristol Myers Squibb, Gilead, Merck and other drugmakers are expected on Friday afternoon to announce agreements with the U.S. government to lower certain prescription drug prices, according to sources familiar with the situation.
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US Review May Mean Advanced Nvidia AI Chip Sales to China
President Donald Trump's administration has launched a review that could result in the first shipments to China of Nvidia's second-most powerful AI chips, five sources said, making good on his pledge to allow the much-debated sales.
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Trump Signs $1 Trillion Annual Defense Bill without Fanfare
U.S. President Donald Trump on Thursday signed into law a nearly $1 trillion annual defense policy bill, despite provisions that provide new aid to Ukraine and reining in his ability to dial down U.S. involvement in the defense of Europe.
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Energy Dept Inks AI Deals With Big Tech for Genesis Mission
The Department of Energy ?announced Thursday it has signed agreements with 24 organizations, including tech giants such as Microsoft, Google, and Nvidia, to advance the Genesis Mission.
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TikTok Signs Deal to Form New US Unit With Investors, Including Oracle, Silver Lake
TikTok has signed agreements with three major investors , Oracle, Silver Lake, and MGX , to form a new TikTok U.S. joint venture, ensuring the popular social video platform can continue operating in the United States.
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FedEx Posts Higher 2nd Quarter Results
FedEx posted higher second-quarter ?profit and revenue Thursday and lifted the low end of its full-year earnings outlook, as peak-season pricing actions and cost-cutting efforts helped offset softer shipment volumes.
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Nike Edges Past Expectations on Resilient Demand
Nike Thursday edged ?past market expectations for quarterly revenue, helped by resilient demand for its running shoes amid a big marketing push to fend off stiff competition from upstart brands in North America.
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Micron Surges 13% on Upbeat Profit Forecast
Micron Technology's shares rose 13% in early trading Thursday after the U.S. chipmaker delivered an outsized quarterly profit forecast, underscoring its leadership in the high-bandwidth memory chips market as prices surge.Micron (MU) is one of only three major suppliers of...
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Trump Media, TAE Technologies to Combine in $6B Deal
Trump Media & Technology and fusion power company TAE Technologies have agreed to combine in an all-stock deal valued at more than $6 billion, the companies said on Thursday. Shareholders of each company will own about 50% of the combined entity after the closing of the deal...
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Trial Shows Lilly Oral Pill Maintains Weight Loss
Eli Lilly's oral pill, orforglipron, helped maintain weight loss in patients switching from injectable versions of GLP-1 drugs, the company said on Thursday, in a boost to deliver a more convenient obesity treatment option. An oral weight-loss pill would help Lilly further...
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Micron Forecasts Quarterly Revenue Above Estimates
Micron Technology forecast second-quarter revenue above Wall Street estimates Wednesday, betting on soaring demand and strong pricing for its high-bandwidth memory chips used in artificial intelligence hardware.
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American Airlines Ramps up Premium Upgrades
American Airlines is betting big on luxury to regain altitude. From lie-flat seats and Bollinger champagne to Lavazza coffee and ultra-fast Wi-Fi, the carrier is rolling out a premium makeover to claw back ground lost to Delta Air Lines and United Airlines.
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Broadcaster E.W. Scripps Rejects Sinclair's $622M Takeover Bid
U.S. broadcaster E.W. Scripps' board unanimously rejected Sinclair's $622 million acquisition proposal, saying it was not in the best interests of the company and its shareholders.
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Oracle $10B Data Center Plan Hit as Blue Owl Walks
Oracle's largest data center partner, Blue Owl Capital, will not provide funding for a $10 billion deal to build its next facility, a source said Wednesday, amid growing concerns about the cloud computing company's rising debt and artificial intelligence spending.
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General Mills Beats Quarterly Sales Estimates
General Mills beat quarterly sales estimates Wednesday, as more consumers ate at home than dined out, boosting demand for the Pillsbury dough maker's pantry staples and breakfast cereals.
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Ford Retreats From EVs After Billions in Losses
Gov. Andy Beshear crowed mightily when he announced in 2022 that Ford Motor Co. was building a $6 billion EV plant in Kentucky and that he had signed off on shelling out $250 million in taxpayer-funded loans for the project.