Business

Nexstar finalizes its $6.2 billion merger with Tegna after federal antitrust approval, creating a broadcast giant reaching 80% of U.S. homes. Eight states sued to block the deal, citing antitrust concerns and reduced local news diversity.

Three Super Micro Computer associates were indicted Thursday for allegedly diverting $2.5 billion in Nvidia AI chips to China via elaborate smuggling operations. The scheme, which involved fake paperwork and bribed auditors, risks disrupting U.S. AI chip controls amid rising tensions over chip expor

The FBI seized domains tied to the Iran-linked hacker group Handala, which claimed responsibility for a cyberattack disrupting Michigan-based Stryker Corp. The takedown highlights escalating cyber warfare between the U.S. and Iran amid ongoing regional conflicts.

The FDA approved a 7.2mg dose of Novo Nordisk’s Wegovy on Thursday, giving obesity patients a new tool to rival Eli Lilly’s Zepbound. The approval follows clinical trials showing patients lost up to 20.7% of their body weight in 72 weeks.

Bank of England Governor Andrew Bailey urges restraint on rate hike bets as global central banks hold rates steady amid Middle East tensions. ECB maintains 2% deposit rate; markets reassess 2026 rate cut expectations.

The European Central Bank kept its key interest rates unchanged on Thursday, citing uncertainty from the Middle East conflict. Inflation in the eurozone stands at 1.9%, just below the 2% target.

Uber commits $1.25B to Rivian in a landmark deal to deploy 50,000 autonomous R2 robotaxis by 2031. The first 10,000 vehicles will hit San Francisco and Miami streets in 2028, with broader expansion planned across the U.S., Canada, and Europe.

Whirlpool laid off 100+ workers in Iowa as the century-long decline in U.S. manufacturing continues despite Trump’s tariff push. Families like Beverly Dawson’s face economic uncertainty as the Amana plant cuts jobs amid global competition.

Eli Lilly’s retatrutide achieved strong results in late-stage diabetes trials, reducing blood sugar by 2% and aiding weight loss. The ‘triple G’ drug mimics three hormones, outperforming existing treatments and intensifying competition in the $100B obesity-drug market.

Sound Transit’s board confronts a $34.5B shortfall by weighing three cost-cutting plans, all delaying Ballard light rail past 2046. Seattle leaders push back, warning of broken voter trust.

Global stock markets tumbled Thursday after Brent crude briefly topped $119 a barrel amid escalating Middle East conflicts and renewed fears over oil supply disruptions. The S&P 500 closed down 0.3% while Japan’s Nikkei 225 plummeted 2.5% as investors grappled with inflation risks and the Federal Re

Middle East oil exports have plummeted by 62% in weeks, with Saudi Arabia, Iraq, and UAE slashing production. Analysts now warn $200 oil is plausible as storage limits and geopolitical chaos tighten supply.

Asia-Pacific stocks followed Wall Street’s selloff Thursday as geopolitical risks sent oil prices surging past $110 per barrel. The Bank of Japan’s rate decision loomed over markets, while escalating Iran tensions fueled energy market volatility.

The Federal Reserve maintained its benchmark interest rate Wednesday as Chair Jerome Powell cited rising inflation and geopolitical risks from the Iran conflict. Policymakers projected only one rate cut in 2026, reflecting caution amid uncertain economic conditions.

Researchers have developed a CRISPR-based method to genetically reprogram human T cells inside living organisms, creating cancer-fighting CAR T cells without ex vivo manufacturing. The technique targets the TRAC gene locus and has shown complete tumor control in multiple humanized mouse models, incl

Disney’s leadership handoff from Bob Iger to Josh D’Amaro marks the company’s first drama-free CEO succession in over 30 years, defying historical turbulence. With Iger stepping back entirely and D’Amaro assuming control, analysts and insiders praise the transparent process and stable transition.

As U.S. and Israeli strikes on Iran disrupt global oil flows, China leverages massive strategic stockpiles and a resilient 'supergrid' to emerge stronger. With 851 million barrels stored and Iran redirecting oil to Beijing, the energy crisis may cement China’s dominance in both fossil fuels and rene

BMW's all-new i3 50 xDrive delivers 463 horsepower, up to 440 miles of EPA-certified range, and a radical Neue Klasse design. The electric 3 Series sedan marks the first sedan to adopt BMW's futuristic styling and 800-volt architecture.

Federal Reserve Chair Jerome Powell will stay on as chair pro tempore if Senate confirmation of Kevin Warsh is delayed past May. Powell also refuses to resign from the Fed Board until the DOJ investigation into him concludes with transparency, citing institutional stability.

Bob Iger formally concluded his 20-year tenure as Disney CEO at the 2026 virtual shareholders meeting, passing the torch to Josh D'Amaro, who outlined a digital-first future for the company centered on Disney+. Iger praised D'Amaro and incoming creative chief Dana Walden, calling Disney's future 'a

Gilles Brassard and Charles Bennett, founders of quantum information science, received the 2023 A.M. Turing Award for their groundbreaking work in quantum encryption and computing. The $1 million prize marks the first time the prestigious computer science honor recognized quantum physics research.

Economists warn Trump’s war in Iran could slash U.S. GDP growth by 0.5% and fuel inflation if oil prices stay above $100. The Federal Reserve is unlikely to cut interest rates, deepening economic strain as the Strait of Hormuz remains closed.

Macy's reported better-than-expected fourth-quarter earnings and revenue as it accelerates store closures and rebrands remaining locations. The retailer projects a sales decline for 2025 despite progress in its turnaround strategy under CEO Tony Spring.

BMW’s all-new 2027 i3 marks the brand’s first fully electric 3 Series sedan, debuting in Munich this August. With 440 miles of range, a 463-hp powertrain, and Neue Klasse platform innovations, it aims to set a new benchmark for electric performance sedans.