Intel turns foundry business into subsidiary, weighs outside funding

Intel turns foundry business into subsidiary, weighs outside funding

Intel CEO Pat Gelsinger holds a sample of a wafer during his keynote speech at the Computex conference in Taipei on June 4, 2024. I-hwa Cheng | AFP | Getty Images Intel shares jumped 8% in extended trading Monday after the company said it plans to turn its foundry business into an independent unit with … Read more

Israeli airstrikes kill 16 in Gaza, including 4 children, Palestinians say – The Denver Post

Israeli airstrikes kill 16 in Gaza, including 4 children, Palestinians say – The Denver Post

By The Associated Press Palestinian officials say Israeli airstrikes killed 16 people in the Gaza Strip on Monday, including five women and four children. A strike flattened a home in the built-up Nuseirat refugee camp in central Gaza, killing at least 10 people there, including four women and two children. The Awda Hospital, which received … Read more

Inflation is slowing but the Fed’s next move is still up in the air

Inflation is slowing but the Fed’s next move is still up in the air

US Federal Reserve Chair Jerome Powell arrives to testify before the Senate Banking, Housing, and Urban Affairs Hearings to examine the Semiannual Monetary Policy Report to Congress at Capitol Hill in Washington, DC, on July 9, 2024. Chris Kleponis | AFP | Getty Images Federal Reserve officials head into their policy meeting Tuesday closer to … Read more

DirecTV, Disney reach deal to end blackout in time for college football

DirecTV, Disney reach deal to end blackout in time for college football

DirecTV and Disney have reached a deal that brings Disney’s ESPN and other channels back to the pay-tv provider’s customers after a roughly two week blackout. The deal comes in time for college football this Saturday, which airs on ABC, ESPN, as well as the SEC Network and ACC Network, as well as the Emmy … Read more

Pfizer’s cancer cachexia drug shows positive midstage trial results

Pfizer’s cancer cachexia drug shows positive midstage trial results

Pfizer‘s experimental drug for a common, life-threatening condition that causes cancer patients to lose their appetite and weight showed positive results in a midstage trial, the drugmaker said Saturday.  Patients with the condition, called cancer cachexia, who took Pfizer’s treatment saw improvements in body weight, muscle mass, quality of life and physical function, according to … Read more

Pravin Gordhan dies aged 75

Pravin Gordhan dies aged 75

Former minister of public enterprises Pravin Gordhan has died aged 75. For the latest South African news, bookmark The South African website’s dedicated section for free-to-read content As reported by The South African website, Gordhan was admitted to hospital this week and on Thursday was said to be in a ‘critical condition’. Pravin Gordhan was a politician … Read more

$1 billion in cost cuts, 10 product launches planned

 billion in cost cuts, 10 product launches planned

Moderna headquarters, exterior view, Cambridge, Massachusetts, USA.  Plexi Images | GHI | UCG | Universal Images Group | Getty Images Moderna on Thursday said it plans to cut around $1.1 billion in expenses by 2027 and win approvals for several new products as it charts a path forward after the rapid decline of its Covid business.  … Read more

Producer price index August 2024:

Producer price index August 2024:

Wholesale prices rose in August about in line with expectations, the final inflation data point as the Federal Reserve gets set to lower interest rates. The producer price index, a measure of final demand goods and services costs that producers receive, increased 0.2% on the month, the Bureau of Labor Statistics said Thursday. That matched … Read more

Israel-Hamas war hostage, survivor Moran Stella Yanai speaks in Denver

Israel-Hamas war hostage, survivor Moran Stella Yanai speaks in Denver

The Nova Music Festival was supposed to be Moran Stella Yanai’s “big start” in creating and selling jewelry in Israel. Instead, the Oct. 7 festival became a nightmare when Yanai was abducted by Hamas terrorists while fleeing the group’s attack and held hostage for 54 days. Hamas has been designated as a terrorist organization by the … Read more

Norfolk Southern CEO Alan Shaw replaced by CFO after alleged affair

Norfolk Southern CEO Alan Shaw replaced by CFO after alleged affair

Norfolk Southern former Chief Executive Alan Shaw testifies during a Senate Commerce, Science and Transportation Committee hearing titled “Improving Rail Safety in Response to the East Palestine Derailment” in Washington, March 22, 2023. Evelyn Hockstein | Reuters Norfolk Southern CEO Alan Shaw is out effective immediately after the board determined he engaged in a consensual … Read more