Eli Lilly Strikes Up to $2.75 Billion AI Drug Deal With Insilico Medicine
Eli Lilly will pay up to $2.75 billion to bring AI-developed drugs from Insilico Medicine to market. The deal highlights growing momentum in AI-driven drug discovery.
Business - Page 26
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Latest Business News
‘Mystery Dumpling’ Craze Drives New Wave of Collectible Demand
A new viral toy, 'Mystery Dumpling', is rapidly gaining popularity, overtaking Labubu as the latest collectible trend. The surge is fueling investor interest in companies tied...
Novartis Acquires Excellergy for $2 Billion in Immunology Push
Novartis has agreed to acquire immunology biotech Excellergy for $2 billion, marking its second major deal in a week. The move strengthens its pipeline in next-generation...
OpenAI Shuts Down Sora Video Model Amid Soaring AI Costs
OpenAI is shutting down its Sora video generation model, citing undisclosed reasons. Reports suggest the product may have been costing up to $15 million per day...
Meta Targets $9 Trillion Valuation With New Executive Incentive Plan
Meta has introduced a new executive incentive program tied to a $9 trillion valuation target. The move underscores its aggressive push to lead the artificial intelligence...
Kalshi Raises $1 Billion at $22 Billion Valuation in Major Funding Round
Kalshi has raised more than $1 billion in a new funding round, valuing the prediction market platform at $22 billion. The deal highlights growing investor interest...
Nissan to Export U.S. – Built Vehicles to Japan in Strategic Shift
Nissan plans to export U.S.-built vehicles to Japan, joining Toyota and Honda in reversing traditional trade flows. The move reflects shifting global production strategies in the...
EU Unveils ‘EU Inc’ Plan to Simplify Cross-Border Business Formation
The European Union is set to introduce a new “EU Inc” company structure aimed at simplifying cross-border business operations. The initiative seeks to reduce regulatory friction...
Nvidia and Uber Plan Robotaxi Rollout Across 28 Cities by 2028
Nvidia and Uber announced plans to launch Level 4 autonomous robotaxis in 28 cities by 2028. The partnership aims to scale AI-powered self-driving fleets across major...
Nvidia Targets $1 Trillion in AI Chip Revenue by 2027
Nvidia expects cumulative revenue from AI chips to reach $1 trillion by the end of 2027, according to CEO Jensen Huang. The forecast doubles the company’s...
Meta Invests $27B in Nebius as AI Infrastructure Race Intensifies
Meta has invested $27 billion in AI cloud company Nebius as it races to secure computing power for artificial intelligence development. The deal highlights growing demand...
Nebius Shares Jump 16% After Nvidia’s $2B Investment in AI Cloud Partnership
Nebius shares surged after Nvidia announced a $2 billion investment to build next-generation AI cloud infrastructure. The partnership aims to scale high-performance computing platforms for large...