Business

Moldova imposes 60-day energy emergency after Russian strikes in Ukraine cut key power line

Tuesday, March 24 by SRN News

CHISINAU, Moldova (AP) - Moldova's Parliament voted on Tuesday to impose a state of emergency in the country's energy sector after Russian strikes on neighboring Ukraine's energy grid disconnected a key power line linking Moldova to Romania. The overnight strikes triggered the disconnection of the... Read More.

Arm unveils new AI chip, expects it to add billions in annual revenue

Tuesday, March 24 by SRN News

By Max A. Cherney SAN FRANCISCO, March 24 (Reuters) - Arm Holdings announced a new artificial intelligence data center chip on Tuesday which it said will add billions of dollars of revenue and represent a significant shift in the company's strategy. The new chip, called the... Read More.

Group’s report highlights how guns in the US get from legitimate stores to crime scenes

Tuesday, March 24 by SRN News

A shooting in Boston. A carjacking in Washington, D.C. A robbery in New York. All were carried out with guns that were among hundreds bought in the South and trafficked north to cities with some of the nation's strictest firearms laws, according to court... Read More.

CVS reaches insulin pricing settlement with FTC

Tuesday, March 24 by SRN News

By Amina Niasse March 24 (Reuters) - CVS Health said on Tuesday it has reached a proposed settlement agreement with the Federal Trade Commission on insulin pricing. Pharmacy benefit managers, which set how drugs are covered by health insurance, have faced a decade of scrutiny from... Read More.

Rio Tinto expects Resolution Copper mine to open by mid-2030s

Tuesday, March 24 by SRN News

By Ernest Scheyder HOUSTON, March 24 (Reuters) - Rio Tinto expects to open Arizona's Resolution Copper mine by the mid-2030s, a senior executive of the miner told Reuters on Tuesday. The Anglo-Australian mining giant this month gained control of acreage needed... Read More.

FDA flags misleading claims for cancer drug by biotech billionaire Patrick Soon-Shiong

Tuesday, March 24 by SRN News

WASHINGTON (AP) - Federal health officials issued a warning Tuesday over misleading statements made by biotech billionaire Dr. Patrick Soon-Shiong, who recently told podcast listeners that his company's bladder cancer drug may be able to treat, cure or even prevent other types of cancers. The... Read More.

Epic Games lays off more than 1,000 amid slowing Fortnite engagement

Tuesday, March 24 by SRN News

Fortnite publisher Epic Games said Tuesday it is laying off 1,000 employees to save money as it grapples with industry-wide and company-specific challenges. The Cary, North Carolina-based video game publisher said in a memo to employees that the job cuts are not related to... Read More.

Chances of a Federal Reserve rate hike fade as inflation worsens

Tuesday, March 24 by SRN News

WASHINGTON (AP) - The jump in gas prices stemming from the war in Iran has had another impact that may also affect many Americans' finances: Higher interest rates. Longer-term interest rates have risen quickly since the war began Feb. 28, pushing up the cost... Read More.

Analysis-Estee Lauder’s bet on Puig is bold fragrance play in a volatile world

Tuesday, March 24 by SRN News

By Juveria Tabassum and Aishwarya Venugopal March 24 (Reuters) - Estee Lauder's potential combination with Puig Brands would put it in a direct fight with sector leader L'Oreal's premium fragrances, but could complicate the U.S. company's turnaround plans just as the Iran war clouds the... Read More.

Arm unveils new AI chip, expects it to add billions in annual revenue

Tuesday, March 24 by SRN News

SAN FRANCISCO, March 24 (Reuters) - Arm Holdings announced a new artificial intelligence data center chip on Tuesday which it said will add billions of dollars of revenue and represent a significant shift in the company's strategy. The new chip, called the AGI CPU, will... Read More.

Current Weather

Moldova imposes 60-day energy emergency after Russian strikes in Ukraine cut key power line

Arm unveils new AI chip, expects it to add billions in annual revenue

Group’s report highlights how guns in the US get from legitimate stores to crime scenes

CVS reaches insulin pricing settlement with FTC

Rio Tinto expects Resolution Copper mine to open by mid-2030s

FDA flags misleading claims for cancer drug by biotech billionaire Patrick Soon-Shiong

Epic Games lays off more than 1,000 amid slowing Fortnite engagement

Chances of a Federal Reserve rate hike fade as inflation worsens

Analysis-Estee Lauder’s bet on Puig is bold fragrance play in a volatile world

Arm unveils new AI chip, expects it to add billions in annual revenue

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