CVS Health has swapped CEOs following pressure from investors, including activist Glenview Capital. The company's shares have taken a nosedive, down nearly half since 2022 highs. CVS’s latest move comes after repeated cuts to profit forecasts due to rising healthcare costs and competition in its ret
TSMC, the giant chip maker from Taiwan, has promised to take quick action if it's found not following rules about selling chips to Huawei. The U. S. has strict laws against selling high-tech chips to Huawei. TSMC said this after news broke that the U. S. Commerce Department was looking into whether
Ever wondered how the tech giant Microsoft is doing? Well, the latest buzz is all about their quarterly earnings report coming up soon. Experts like Daniel Sereda, who works for a family office investing across continents, are busy sifting through mountains of data to get a clear picture. Why shoul
In the ongoing tension between the US and China, a cybersecurity group in China has raised alarms about Intel's chips. The Cybersecurity Association of China (CSAC) says Intel's chips have frequent problems that threaten national security. They claim these chips can be hacked through backdoors creat
China's economy grew by 4. 6% in the third quarter, the slowest pace in six quarters. This news came with a surprise: the country's central bank announced two new programs to boost the stock market. These programs could inject around $112. 6 billion into the market. This happened even as China's sta
Amazon's top boss at AWS, Matt Garman, has some advice for employees who aren't keen on the new 5-days-a-week office policy starting in January: find a new job. At a recent meeting, he said that nine out of ten workers he's talked to are happy with this change. Garman believes that in-person interac
Elon Musk has big plans for the future of transportation. He recently showed off 20 Cybercabs, which are designed to take passengers from point A to point B without a driver. These cars can only hold two people, which is a bit odd for a taxi. Musk hopes to start making these cars in 2026 or 2027. Bu
Let's take a look at what's been happening in the biotech world today. Sage Therapeutics is cutting its workforce by a third and changing its leadership. Why? Recent clinical trial failures have likely played a role. Over in Australia, regulators have rejected Eisai and Biogen's Alzheimer's drug, L
Netflix execs have been busy discussing something that’s on everyone’s minds—price hikes! Co-CEO Greg Peters shared some insights during their latest earnings call. He said their pricing strategy has stayed steady over the years. They aim to provide more value to members every quarter. Only then do
Amazon Web Services (AWS), the leading cloud computing provider, plans to invest $500 million in nuclear energy projects. This move follows similar announcements by Google and Microsoft. AWS is partnering with Virginia's Dominion Energy to develop small modular nuclear reactors (SMRs). Nuclear energ
