Category: Business
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New AI Entertainment Studio Gets Backing From Peter Chernin, Andreessen Horowitz
The studio, Promise, will incorporate generative AI tools into various stages of production for movies and shows.
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Novo Nordisk Launches Wegovy Weight-Loss Drug in China
The first prescription for the drug in China will reportedly be issued at a public hospital in Shanghai this week and will cost about $193 for a one-month supply of the lowest starter dose.
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Antitrust Enforcers Prepare Final Blitz Against Big Tech
The Biden administration’s top antitrust officials plan to take more shots at the tech industry before leaving office, in a race to cap four years of aggressive enforcement.
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Chinese Express Delivery Firm Taps Hong Kong Market With Near $800 Million Offering
S.F. Holding, which is already listed on the Shenzhen Stock Exchange, plans to raise as much as $793.0 million by selling 170 million shares.
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How Spirit Airlines Went From Industry Maverick to Chapter 11 Bankruptcy
The budget carrier’s pivot to ultralow fares brought it success but competition, rising costs and a failed merger bid hurt the business.
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Super Micro Computer Submits Nasdaq Compliance Plan
The server maker said it believes it will be able to complete its annual report on Form 10-K within the discretionary period available to the Nasdaq staff to grant.
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Archer Daniels Midland Profit Plunges, Revenue Falls
Archer Daniels Midland said profit plunged in the third quarter, shortly after saying it would restate its 2023 filing with the Securities Exchange Commission, along with the first and second quarter forms.
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Energy & Utilities Roundup: Market Talk
Read about John Wood Group, Enel and more in the latest Market Talks covering Energy and Utilities.
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Auto & Transport Roundup: Market Talk
Find insight on Malaysian auto sales, trends in container shipping and more in the latest Market Talks covering the Auto and Transport sector.
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Imperial Brands Upbeat on Outlook as Alternatives Continue to Grow
The tobacco manufacturer said it expected a strong fiscal 2025 on the back of continued revenue growth from tobacco alternatives such as vapes.