Amazon (NASDAQ) and telecommunications giant Vrio are joining forces to launch a satellite internet service across seven South American countries, setting the stage for a showdown with Elon Musk’s Starlink. Vrio, the U.S. company overseeing DirecTV Latin America...
Media heiress Shari Redstone abruptly pulled the plug on talks with David Ellison’s Skydance Media on Tuesday, effectively nixing the potential sale of a controlling stake in Paramount Global to the independent studio, insiders revealed. Redstone,...
Buyout firm Apollo Global and Kyndryl Holdings, the IT services spin-off from IBM (NYSE), are reportedly scheming a joint bid for DXC Technology (NYSE), insiders revealed on Monday. Word on the street is that Apollo and Kyndryl are cooking up an offer between $22 and...
Tesla (NASDAQ: TSLA) won’t be debuting a refreshed Model Y this year, Elon Musk revealed on social media X this Saturday. “No Model Y ‘refresh’ is coming out this year,” Musk declared, noting that Tesla’s cars are constantly...
Novo Nordisk is bracing for a showdown in China, where at least 15 generic versions of its blockbuster diabetes drug Ozempic and weight loss treatment Wegovy are brewing in local labs. As clinical trial records reveal, the race is on, and Novo’s Danish hopes for...
Costco Wholesale Corp (NASDAQ) delighted investors with a 6.5% rise in same-store sales for May, excluding gas and foreign exchange impacts. This impressive figure outpaced the 6.0% consensus estimate and built on April’s 5.5% growth. Net sales also saw a hefty...
