States are paying huge sums to lure semiconductor manufacturers, on top of CHIPS Act billions
The federal CHIPS Act offers billions of dollars in incentives to make semiconductors in the U.S. Some states are kicking in billions more to win projects
Mortgage demand grows, driven by sales of new homes
While applications for mortgages to buy a home rose week to week, they were still down more than 20% compared with a year earlier.
Fanatics increases its offer to $225 million to acquire PointsBet’s U.S. assets
Fanatics outbids DraftKings to acquire the U.S. assets of sports betting site PointsBet.
Regeneron shares fall after FDA rejects high-dose eye disease treatment
Regeneron said the rejection was “solely due to an ongoing review of inspection findings at a third-party filler.”
More than $200 billion in Covid loans potentially stolen by fraudsters, watchdog says
More than $200 billion in Covid aid disbursed by the Small Business Administration may have been stolen, a federal watchdog said.
Severe weather, FAA shortfalls kick off rocky start to summer air travel
United’s CEO blamed FAA staffing shortages for worsening flight disruptions over the weekend.
Unity shares rise 15% after company announces A.I. marketplace
AI companies will be able to distribute their software to game makers and charge for it through Unity’s Asset Store.
Chicago business executive and philanthropist Jim Crown killed in Colorado racetrack crash
Jim Crown, a Chicago executive and philanthropist, died Sunday in a car crash on a racing track in Colorado.
Baupost Group’s Seth Klarman found the next ‘hunting ground’ for value investors
The hedge fund investor said ‘there might be opportunities to buy’ as real estate comes under more pressure.
Walgreens slashes earnings guidance due to lower consumer spending, drop in Covid care demand
CEO Rosalind Brewer said Walgreens will increase its cost-cutting program to $4.1 billion and take action to increase profitability in the health-care segment.
