Finance & Business News

SpaceX hit by surging AI costs as insiders prepare to sell their shares - NBC News

For a rocket company, SpaceX is spending a lot of money to build out its AI capacities.

Paramount-Warner Bros. Trial to Start in March 2027 in Blow to David Ellison’s Team - The Hollywood Reporter

The trial is set to begin roughly five months after Paramount starts paying a ticking fee of roughly $7 million per day to Warners shareholders.

AMD Shares Fall 8% as Elon Musk Commits to Nvidia Chips for SpaceX - WSJ

Novo Nordisk Raises Earnings Guidance. The Stock Sinks. - Barron's

Danish drugmaker Novo Nordisk continues to rely on the success of semaglutide, branded as Wegovy for weight loss and Ozempic for diabetes.

Scoop: Inside Trump's AI framework - Axios

The White House is excluding open models from its framework to test advanced AI capabilities.

SpaceX stock drops after first earnings report as AI costs soar: Live updates - CNBC

Follow SpaceX’s Q2 2026 earnings live, with updates on revenue, Starlink, AI spending, Starship, guidance and SPCX stock.

Spotify Execs Bet People Will Pay for AI Music. Stock Price Plunges - Gizmodo

The company is going all in on AI features, including AI-generated songs, to turn free users to paid.

AMD Reports Earnings on the Verge of a Sales Jump - barrons.com

AMD reported solid but unspectacular second-quarter earnings results on Tuesday afternoon.

Chipotle removes jalapeños from some restaurants after Salmonella outbreak, probe targets supply chain - Fox Business

Chipotle removed jalapeños from certain restaurants after identifying the ingredient as a potential common link in a Salmonella outbreak under investigation by health officials

Lucid begins 'operational reset' as CEO says EV maker will delay midsize vehicle - CNBC

The company didn't provide updated guidance. New CEO Silvio Napoli earlier this year suspended production expectations.

Paramount “Fully Expects” WBD Merger To Close As It Reports Q2 Streaming Gains, Linear Challenges - Deadline

A year after Skydance acquired Paramount, the merged company reported solid quarterly numbers with strong streaming, tough theatrical comps and an ongoing drop in linear television.

CDC expands largest known cyclosporiasis outbreak to 15 states - The Washington Post

Arkansas, Iowa, Missouri, Nebraska, New Hampshire and North Carolina have joined the outbreak tied to lettuce from Mexico, said a person familiar with the investigation.

Days after John Oliver's dare, Buc-ee's sues again - USA Today

Buc-ee's is suing a family-owned mini mart over its beaver logo, days after John Oliver mocked the chain's history of trademark lawsuits.

P&G seals $3.8bn deal for supplements company Thorne - Financial Times

Consumer goods group expands its health business in a sector that has boomed since Covid pandemic

Pfizer Covid Pill Revenue Plunges 95%. The Stock Is Rising Anyway. - barrons.com

Pfizer beats earnings forecasts for the second quarter, while BioNTech’s results miss expectations due to weak Covid vaccine demand.

OpenAI and Anthropic's models hacked into real-world systems. Human error was behind it. - axios.com

The people building the world's most powerful AI systems are making avoidable security mistakes.

Multiple passengers receive medical care after 22 flights diverted from Denver - The Hill

Severe weather caused the flights to land in Colorado Springs instead of Denver.

Palantir stock jumps nearly 30% after 'otherworldly' quarter as US commercial business booms - Yahoo Finance

Palantir stock jumped after the company smashed earnings estimates and raised its full-year guidance.

‘This is insider trading by definition’: Trump offers $100,000 per month subscription to Wall Street - Fortune

Wall Street firms will get information milliseconds faster than the general public—and Trump will directly benefit.