Arm Holdings (ARM) saw its shares tumble in after-hours trading, despite reporting fiscal first-quarter earnings that exceeded expectations. The company’s stock fell over 12% after gaining more than 8% during the regular session, even as it continues a remarkable run with a 90% increase so far in 2024.
The decline came after Arm Holdings provided a weaker-than-expected earnings outlook for the…
Sun Pharmaceutical Industries Ltd’s new alopecia treatment, Leqselvi (Deuruxolitinib), recently approved by the US Food and Drug Administration (FDA), is encountering legal challenges that may delay its market debut. A motion for a preliminary injunction has been filed in a US court to block the drug’s launch, putting the company’s planned rollout on hold.
Due to these ongoing legal…
Mumbai-based fintech startup LXME has successfully secured $1.2 million in seed funding, spearheaded by Kalaari Capital. This investment aims to bolster the platform’s mission of fostering financial independence among women.
Kalaari Capital, led by Vani Kola, is known for its early investments in Myntra and Snapdeal. The investment was made through its CXXO initiative, which focuses on…
TD Bank, known as America’s Most Convenient Bank®, has announced the promotion of Scott Daigle to North Florida Commercial Market President, a strategic move to bolster its growth initiatives in key areas including Orlando, Tampa/St. Petersburg, Jacksonville, Gainesville, Ocala, Daytona, Lakeland, and Melbourne.
In his new role, Daigle will lead a team comprising three regional vice presidents…
Apple has launched its latest developer beta update, introducing a range of AI-powered features across iPhones, iPads, and Macs. The update, available for iOS 18.1, iPadOS 18.1, and macOS 15.1, brings several enhancements designed to improve user experience and functionality.
One of the standout additions is the AI-driven Summarize feature in Safari. This tool, accessible through Safari’s Reader…
Boeing has announced Robert “Kelly” Ortberg as its new CEO, effective August 8, 2024. Ortberg, who previously served as the CEO of aerospace supplier Rockwell Collins, will succeed Dave Calhoun in leading the beleaguered aircraft manufacturer.
Boeing has faced significant challenges in recent years, including safety issues related to its 737 Max flights and substantial financial losses. The…
As generative AI (GenAI) gains traction as a transformative technology, Indian IT firms are cautiously navigating its implementation, facing significant hurdles in scaling these initiatives. A recent study by Gartner predicts that 30% of GenAI projects will be abandoned after the proof-of-concept stage by the end of 2025, raising concerns about the viability of these efforts in the burgeoning $200…
Israeli cybersecurity startup Wiz has reportedly terminated discussions with Alphabet Inc. regarding a significant acquisition deal valued at $23 billion. If completed, this transaction would have marked the largest acquisition in Google’s history. In a memo obtained by Reuters, Wiz CEO Assaf Rappaport shared that the company intends to pursue an initial public offering (IPO) instead, with a…
As the tech sector grapples with recent market fluctuations, all eyes are on Alphabet Inc.’s upcoming earnings report, which is expected to provide crucial insights into the performance of major technology companies in the second quarter. Following a notable 16% gain since its strong first-quarter results, Alphabet faces the challenge of demonstrating that its investments in artificial…
The global video business is experiencing a significant shift, with advertising set to take the lead in revenue generation over traditional pay models. Following a brief period of increasing pay revenue, industry analysts predict that advertising will become the primary revenue source for the media and entertainment sector, surpassing pay TV and subscription video-on-demand (SVoD) services by…
