NYSE FANG+ index heads for best week in a year — led by AMD and Meta
Big tech stocks are outperforming this week on the back of a sharp pullback in bond yields.
Google stacks its legal team with former DOJ employees as it faces antitrust cases
Experts say this kind of hiring can be help a company because of the unique insight or credibility an ex-government worker might hold with former colleagues.
Google nixes paying out remainder of maternity and medical leave for laid-off employees
Google’s layoffs announced in January included employees who were on medical and maternity leave and who are now at risk of not getting paid out for time off.
Facing political pressure, Sanofi follows Eli Lilly and Novo Nordisk in slashing insulin prices
The French drugmaker is the last major insulin manufacturer to try to head off government efforts to cap monthly costs by announcing its own steep price cuts.
Banks take advantage of Fed crisis lending programs
Financial institutions took about $300 billion in short-term loans this week from the Federal Reserve as the industry copes with a serious crisis.
One year after the first rate hike, the Fed stands at policy crossroads
The Fed in some ways is both closer and further away from its goals when it first started raising rates.
FDA advisors recommend full approval of Pfizer Covid treatment Paxlovid for adults 50 and over and other high-risk people
Paxlovid is recommended for people over 50 or those with medical conditions such as high blood pressure or diabetes that place them at a greater risk of Covid.
Microsoft tries to justify A.I.’s tendency to give wrong answers by saying they’re ‘usefully wrong’
Current AI technologies like ChatGPT can often produce inaccurate responses, which presents a problem as Microsoft adds AI to Word, Excel, and other products.
Citigroup’s top ideas from here for the next 12 months
Citi added four new buy names to its focus list as the market enters a new period of volatility.
Google raises price of YouTube TV to $73 a month, blaming content costs
YouTube TV is Google’s cable replacement. It provides access to live TV and cable channels, delivered through an internet connection.
