Business

The UK’s competition regulator has launched an inquiry into Amazon’s investment of over £3bn into an artificial intelligence (AI) startup as regulators ramp up their scrutiny of mergers involving the fast-growing technology. The deal, which was announced by Amazon in March, included a $4bn (£3.16bn) investment into Anthropic and a commitment from the AI startup
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Eli Lilly — The drug maker’s stock surged 8% after the firm reported second-quarter earnings and revenue that blew past expectations. Eli Lilly also hiked its full-year revenue outlook by $3 billion as sales of its blockbuster diabetes drug Mounjaro and weight loss injection Zepbound spike. Under Armour — Shares popped 19% after the athletic
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The boss of Fujitsu’s European arm has apologised in person to former sub-postmasters. Speaking following the meetings in London, Paul Patterson told Sky News he was “really grateful for their time”. He described “a really good conversation” held in private. “It’s not for me to get into that now – it was actually quite emotional
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Check out the companies making headlines in midday trading. Fortinet – The cybersecurity stock was the biggest advancer in the S & P 500 on Wednesday, surging 26% after Fortinet posted a strong second-quarter report, as well as upbeat current quarter guidance. The cybersecurity company posted adjusted quarterly earnings of 57 cents per share on
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An advert for the world’s first transatlantic flight to be 100% powered by so-called sustainable aviation fuel (SAF) has been banned, as the advertising watchdog said it was misleading. The radio ad, which promoted the transatlantic flight, was misleading in its unqualified “100% sustainable aviation fuel” claim, said regulator the Advertising Standards Agency (ASA). Money
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The atmosphere at the Disney Bundle Celebrating National Streaming Day at The Row in Los Angeles on May 19, 2022. Presley Ann | Getty Images Entertainment | Getty Images Disney is raising prices on its streaming platforms. Starting mid-October, most plans for Disney+, Hulu and ESPN+ will cost $1 to $2 more per month, according
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A tropical depression in the Gulf of Mexico strengthened into Tropical Storm Debby on Saturday as it moved through the Gulf of Mexico toward Florida. Forecasters at the National Hurricane Center said the storm now had maximum sustained winds of 40 mph. Debby was located about 100 miles west-southwest of Key West, Florida, and it
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Pavlo Gonchar | Lightrocket | Getty Images Founders of one of the hottest artificial intelligence startups Character.AI are rejoining Google along with other team members. Noam Shazeer and Daniel De Freitas, in addition to certain members of Character.AI’s research team, are joining Google’s AI unit DeepMind, the companies said Friday.  Character.AI uses large language models
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