Ted Sarandos, left, co-CEO of Netflix, and David Zaslav, CEO of Warner Bros. Discovery. Mario Anzuoni | Mike Blake | Reuters Hours before Warner Bros. Discovery agreed to sell its studio and streaming assets to Netflix, Ted Sarandos, the co-CEO of Netflix, called WBD CEO David Zaslav to inform him Netflix wouldn’t be bidding any … Read more
FILE PHOTO: Instacart shopper, Loralyn Geggatt makes a delivery to a customer’s home in Falmouth, MA on April 7, 2020. David L. Ryan | Boston Globe | Getty Images Instacart said Monday it will cease the use of artificial intelligence-driven pricing tests on its grocery delivery platform after the practice was scrutinized in a wide-ranging … Read more
Bingham Canyon Mine in Utah, one of the world’s largest mines, and supplier of half of US copper – Eric Prado Own work, CC BY-SA 4.0, Below the soil of a mining concession in Utah, a recent drill survey has discovered what might be North America’s largest-known deposit of so-called “critical minerals.” Turning up evidence … Read more
Alphabet-owned Waymo has suspended its driverless ride-hail service in the San Francisco Bay Area after blackouts plagued the city Saturday afternoon. “We have temporarily suspended our ride-hailing services in the San Francisco Bay Area due to the widespread power outage,” a Waymo spokesperson tells CNBC. “Our teams are working diligently and in close coordination with … Read more
Sad female worker carrying her belongings while leaving the office after being fired Isbjorn | Istock | Getty Images Layoffs have been a defining feature of the job market in 2025, with several major companies announcing thousands of job cuts driven by artificial intelligence. In fact, AI was responsible for almost 55,000 layoffs in the … Read more
Blood-glucose monitor uses light to spare diabetes patients from finger pricks – Credit: Christine Daniloff / MIT A new method for measuring blood glucose levels, developed at MIT, could save diabetes patients from having to prick their fingers several times a day. The MIT team used a technique that reveals the chemical composition of tissue … Read more
Bloomberg | Bloomberg | Getty Images Telecom Italia (TIM) said Italy’s highest court had ruled in its favour in a long-running concession fee case, confirming the group is owed just over 1 billion euros ($1.2 billion) to end a dispute that has dragged on for over two decades. In a statement on Saturday, the former … Read more
Dina Powell McCormick, who was a member of President Donald Trump’s first administration, has resigned from Meta’s board of directors. Powell McCormick, who previously spent 16 years working at Goldman Sachs, notified Meta of her resignation on Friday, according to a filing with the SEC. The filing did not disclose why McCormick was stepping down from … Read more
Elon Musk’s 2018 CEO pay package from Tesla, worth some $56 billion when it vested, must be restored, the Delaware Supreme Court ruled Friday. “We reverse the Court of Chancery’s rescission remedy and award $1 in nominal damages,” the judges wrote in their opinion. In the decision, the Delaware Supreme Court judges said a lower … Read more
Pavlo Gonchar | SOPA Images | Lightrocket | Getty Images Instacart will pay $60 million to settle allegations by the Federal Trade Commission that it misled users with false advertising and deployed “unlawful subscription enrollment” practices. The federal agency alleged that Instacart used deceptive tactics in its subscription sign-up and “satisfaction guarantee” advertising that caused … Read more