Business

The U.S. stock market has just blown through Warren Buffett’s favorite economic indicator, stock market cap to GDP, setting a new all-time high. The valuation of the Wilshire 5000—which hit a record high on July 23—is now somewhere north of 212% of U.S. GDP, the “Buffett Indicator” shows. Chart via LongTermTrends.Net Perhaps that’s one reason stocks are selling off globally …

Tesla to roll out Bay Area robotaxis with safety drivers, report says  Reuters Tesla tells staff it plans to roll out its Robotaxi service in San Francisco this weekend  Business Insider Elon Musk Tells Tesla Investors to Focus on a Future Filled With Robots, not EV Sales  The Wall Street Journal Elon Musk revealed four major developments during Tesla’s earnings call — why …

13 new medicines recommended for approval EMA’s human medicines committee (CHMP) recommended 13 medicines for approval at its July 2025 meeting. The committee recommended granting a marketing authorisation for Aqneursa* (levacetylleucine), for the treatment of Niemann-Pick type C, a rare, progressive, fatal genetic disorder caused by mutations encoding lysosomal proteins that are essential for the intracellular transport and metabolism of …

LONDON (AP) — Facebook and Instagram owner Meta said Friday that it will stop all political advertising in the European Union by October, blaming legal uncertainty over new rules designed to increase transparency in election campaigns. The social media giant said in a blog post that it will no longer allow ads for political, electoral and social issues on its …

Tesla is launching an even-more-limited version of its early robotaxi service in San Francisco this weekend, according to Business Insider, after an initial rollout began last month in Austin, Texas. The company plans to offer rides with a driver in the driver’s seat, which is necessary because Tesla does not have the proper permits for driverless testing or deployment, according …

Andrew Joseph covers health, medicine, and the biopharma industry in Europe. You can reach Andrew on Signal at drewqjoseph.45. European regulators on Friday said that a Duchenne muscular dystrophy gene therapy should not be approved, further imperiling the future of the treatment that is facing increasing scrutiny in the U.S. and globally.  The decision in Europe comes as Japan and …

High-Risk Currency Trading Is the New Meme Stock for This Retail Crowd  Bloomberg.com Source link

SpaceX probes for cause of Starlink’s global satellite network outage  Reuters Donald Trump says there is a 50-50 chance of EU-US trade deal – Europe live  theguardian.com Elon Musk ‘sorry’ after Starlink satellite internet suffers global outage  Al Jazeera Is Starlink down? Tens of thousands of users report outages  USA Today Musk’s Starlink hit with hours-long outage after rollout of T-Mobile satellite service  CNBC Source …

Employees of Paramount Global have been through the wringer over the last year and a half. And the uncertainty hanging over their heads is far from over. After M&A talks with Skydance Media that started in late 2023 whipped back and forth, the parties in July 2024 announced they had reached a deal to merge. Then Paramount endured another year …

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