Business

A Frontier Airlines plane near a Spirit Airlines plane at the Fort Lauderdale-Hollywood International Airport on May 16, 2022 in Fort Lauderdale, Florida. Joe Raedle | Getty Images Frontier Airlines is going after customers of Spirit Airlines, whose financial footing has gotten so shaky in recent weeks that it warned earlier this month it might not be able to survive …

Lilly’s oral GLP-1, orforglipron, is successful in third Phase 3 trial, triggering global regulatory submissions this year for the treatment of obesity  Eli Lilly and Company Eli Lilly’s weight loss pill orforglipron clears its latest trial, paving way for approval  CNBC Eli Lilly Ready to Seek Obesity Pill Green Light After Study Hits Goals  The Wall Street Journal Eli Lilly’s weight-loss pill meets …

Elon Musk’s xAI Sues Apple and OpenAI Over Claims It Is Being Shut Out  The New York Times Inside Elon Musk’s suit against Apple and OpenAI: ‘This is a tale of two monopolists’  Yahoo Finance Musk firms sue Apple and OpenAI, alleging they hurt competition  BBC Elon Musk’s xAI sues Apple and OpenAI over AI competition, App Store rankings  Reuters Elon Musk accuses Apple …

AT&T to Acquire Spectrum Licenses from EchoStar  AT&T Newsroom AT&T to buy wireless spectrum from EchoStar for $23 billion cash  Axios EchoStar Strikes $23 Billion Deal to Sell Spectrum Licenses to AT&T  The Hollywood Reporter AT&T Stock Rises. How a $23 Billion Deal With EchoStar Could Shake Up Big Wireless.  Barron’s AT&T to Buy EchoStar Spectrum Licenses for About $23 Billion  Bloomberg Source link

Politicians can end up with strange bedfellows in this chaotic age, but certain economic tenets are virtually incontrovertible: calls to nationalize industry typically come from the left, while the right steadfastly opposes those efforts in favor of market-based solutions. And yet, for some reason, the ever-chaotic president Donald Trump has directed the US government to acquire a 10 percent stake …

Could humanoid robots get a lot more human? Nvidia may have made that possibility a bit realer today with a smarter robot brain that has less energy demands.  The tech giant’s latest robotics offering is Jetson Thor, a super computer built for real-time AI computation on humanoid robots and smart machines alike, Nvidia announced in a press release on Monday. …

Trump ignites Fed war  Axios Trump’s interest-rate crusade will be self-defeating  The Economist Trump declares war on the Fed, setting up a titanic struggle for world’s most important central bank  Fortune What Trump’s move to fire Fed governor means for central bank’s independence  The Guardian Morning Bid: Markets ask again of Trump: ‘Can he do that?’  Reuters Source link

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Bitcoin slides below $110,000 as capital rotation shifts to risk-off mode  The Block Bitcoin Nears Seven Week Low as Investors Shift Focus to Ether  Bloomberg.com Bitcoin, Ethereum, XRP Fall Amid Crypto Flash Crash. Why They’ve Given Up Gains.  Barron’s Asia Morning Briefing: BTC Fragility and ETH Rotation Signal Market Bracing for Consolidation Without New Liquidity  CoinDesk Bitcoin Not Rising Quickly Enough? Analyst Says Early …

STOCKHOLM (Reuters) -Swedish fintech Klarna (KLAR.PVT) will restart its plan to go public in the United States next month with a valuation of between $13 billion and $14 billion, according to two sources familiar with the matter. The company paused its IPO plans in April after U.S. President Donald Trump’s sweeping tariffs rattled global markets. It had also looked at …