Eli Lilly to invest another $5.3 billion in Indiana plant to expand Mounjaro, Zepbound supply
Demand for the drugs Mounjaro and Zepbound has far outpaced supply over the last year, forcing Eli Lilly to invest heavily to scale up its manufacturing.
Nvidia CEO Jensen Huang’s net worth swells from $3 billion to $90 billion in five years
With Nvidia’s stock price rising over 9% on Thursday to close at almost $1,038, the value of CEO Jensen Huang’s stake rose by $7.7 billion.
OpenAI sends internal memo releasing former employees from controversial exit agreements
OpenAI on Thursday sent an internal memo releasing former employees from non-disparagement agreements that did not expire, which had incited controversy.
Frontier Airlines CEO urges crackdown of ‘rampant abuse’ of airport wheelchair service
Frontier CEO Barry Biffle said he has seen flights where 20 people were brought in wheelchairs at departure, with only three using them upon arrival.
Norfolk Southern agrees to $310 million federal settlement over Ohio train derailment
The company will pay a $15 million fine for alleged violations of the Clean Water Act as part of the federal settlement.
Macron: French AI boom could help EU close tech innovation gap with U.S. and China
“It’s insane to have a world where the big giants just come from China and the U.S,” French President Emmanuel Macron told CNBC’s Andrew Ross Sorkin.
Auto insurance rates are jumping the most since the 1970s, but there could be relief soon
Soaring auto insurance costs have been a principle driver behind inflation over the past year, but there could be relief on the way.
Warner Bros. Discovery’s NBA rights offer could put it in competition with Amazon, not NBC
Warner Bros. Discovery may be more interested in going after an NBA package earmarked for Amazon than on games slated for NBCUniversal, sources say.
Boeing expects a 2024 cash burn, slow recovery of airplane deliveries amid crisis, CFO says
Boeing’s aircraft deliveries won’t recover in the second quarter from the first, as the manufacturer deals with a host of production challenges, its CFO said.
Supreme Court rules for GOP in South Carolina redistricting case
Civil rights groups argued that Republican Rep. Nancy Mace’s district was redrawn by unlawfully removing thousands of Black voters.
