Amazon Invests Up To $4B In ChatGPT Competitor, Hollywood Writers Accept Preliminary Deal, ChatGPT Challenges Siri And Alexa With Introduction Of Verbal Responses: Today's Top Stories – Yahoo Finance
Benzinga
Ford Of Canada, Union Reach Collective Agreement With Wage Boosts, Pension Improvements; U.S. Negotiations Continue
As Detroit-based automaker Ford Motor Co (NYSE: F) continues to reel under the impact of the United Auto Workers (UAW) union's strike in the U.S., Canada's Unifor union has ratified a new agreement with Ford of Canada.
Unifor said that most of its Ford members voted in favor of a new three-year collective agreement with Ford of Canada that includes a base hourly wage increase of up to 25%. Under the new contract, general wages would increase 10% in the first year, 2% in the second, and 3% in the third.
Hollywood Writers Accept Tentative Deal, Including Pay From Steamers: What About Actors?
The Writers Guild of America (WGA), representing over 11,000 screenwriters, has taken a monumental step towards ending Hollywood's crippling 146-day strike.
In a historic move, WGA members reached a tentative agreement with entertainment companies that could reshape the industry landscape.
The deal, if accepted, will bring much-needed relief to a sector reeling from production shutdowns.
PhonePe Challenges Google With Zero-Fee Indus AppStore
PhonePe, the Walmart Inc (NYSE: WMT) backed fintech giant, unveiled the Indus AppStore Developer Platform, underscoring a significant move to attract Android developers in India.
This initiative directly challenges Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) Google's dominance in the app store market — especially in India — where Android holds a significant market share.
Amazon Invests Up To $4 Billion In ChatGPT Competitor, AI Startup Anthropic
Amazon.Com, Inc (NASDAQ: AMZN) has announced a strategic investment of up to $4 billion in Anthropic, an emerging AI company, as the e-commerce giant seeks to harness the potential of artificial intelligence in diverse applications across its business.
As part of this groundbreaking deal, Anthropic will leverage Amazon's custom-designed chips to develop and roll out its AI software. Amazon also intends to integrate Anthropic's cutting-edge technology into various products within its expansive portfolio.
Redefining Roadprints: Goodyear Revamps Presence In Asia-Pacific With Strategic Shake-Up
The Goodyear Tire & Rubber Company (NASDAQ: GT) has unveiled its intentions to redefine its operational presence in the Asia Pacific region, emphasizing Australia and New Zealand. The tire behemoth aims to transition from owning its establishments to embracing a third-party distribution and retail model.
This strategic shift will culminate in the shedding of around 700 roles, exit of nine warehouse sites, and the divestment or cessation of nearly 100 retail and fleet outlets. The company intends to share its broader plan with investors during the fourth quarter.
CDC Backs Pfizer's RSV Infection Maternal Vaccine During Pregnancy As Protection For Infants
Friday, The Centers for Disease Control and Prevention recommended the first respiratory syncytial virus (RSV) vaccine for pregnant people to protect their newborns from severe RSV illness.
This is the first fall and winter virus season, where vaccines are available for the three major respiratory viruses –COVID-19, RSV, and flu.
This new vaccine, Pfizer Inc's (NYSE: PFE) bivalent RSVpreF vaccine (Abrysvo), has been shown to reduce the risk of RSV hospitalization for babies by 57% in the first six months after birth. Pfizer's vaccine, Abrysvo, is already approved and available in the U.S. for adults ages 60 and up.
Revving Up Payments: Mercedes Joins Forces With Mastercard For In-Car Digital Transactions
Mercedes Benz Group AG (OTC: MBGAF) has partnered with Mastercard Inc (NYSE: MA) to introduce embedded in-car payments at the point of sale.
Through the facility, customers will be able to use a fingerprint sensor in their car to make convenient and secure digital payments at more than 3,600 service stations in Germany.
Novartis Sandoz Prepares For Public Debut With Strong Sales Record And Plans for New Biologic Drugs
Novartis AG (NYSE: NVS) confirmed its plans for a 100% spin-off of the Sandoz business on October 4 after shareholders approved it earlier this month.
Novartis also said key regulatory approvals have been obtained, including the approval by SIX Exchange Regulation for listing the Sandoz shares on the SIX Swiss Exchange. The Sandoz shares will have the symbol SDZ, Novartis said.
Japan Approves Biogen/Eisai's Alzheimer Treatment Leqembi
Eisai Co Ltd (OTC: ESALY) (OTC: ESALF) and Biogen Inc (NASDAQ: BIIB) announced that humanized anti-soluble aggregated amyloid-beta (Aβ) monoclonal antibody Leqembi Intravenous Infusion (200 mg, 500mg, lecanemab) has been approved in Japan as a treatment for slowing progression of mild cognitive impairment and mild dementia due to Alzheimer's disease (AD).
Leqembi's approval is based on Phase 3 data from the global Clarity AD clinical trial, in which Leqembi met its primary endpoint and all key secondary endpoints with statistically significant results and confirmed the clinical benefit.
Aluminum Giant Alcoa Ushers In A New Era: William Oplinger Steps Up As CEO
Alcoa Corp (NYSE: AA) disclosed the appointment of William F. Oplinger as President and Chief Executive Officer and as a member of its Board of Directors, effective September 24, 2023.
Oplinger succeeds Roy C. Harvey, who will serve as Strategic Advisor to the Chief Executive Officer until December 31, 2023.
Why Is Brain Cancer Focused TransCode Therapeutics Stock Trading 300% Higher Today?
TransCode Therapeutics Inc (NASDAQ: RNAZ) shares are trading higher after the company announced results with its lead therapeutic candidate, TTX-MC138, in murine models bearing human glioblastoma multiforme (GBM) tumors.
The therapeutic candidate showed lasting activity and significantly inhibited miRNA-10b, a driver of tumor progression in glioblastoma.
NewYork Times
Tyson, Perdue Farms Under Investigation Over Disturbing Child Labor Allegations
The U.S. Labor Department has launched an investigation into alleged child labor violations at poultry-processing behemoths Tyson Foods (NYSE: TSN) and Perdue Farms.
The federal inquiry is examining whether the companies used migrant children to clean slaughterhouses, a hazardous job banned for minors by federal law.
The federal probe was triggered by a New York Times Magazine article detailing the employment of migrant children as young as 13 in overnight shifts at the companies' plants in Virginia.
Bloomberg
ChatGPT Introduces Verbal Responses, Challenging Siri And Alexa
OpenAI, the pioneering artificial intelligence firm, has unveiled a new feature for its ChatGPT application, enabling the chatbot to respond to user queries verbally.
The enhancement will likely transform user interactions with the chatbot, making them more immersive and human-like.
The update, scheduled for rollout in the forthcoming weeks, will allow users to select from five distinct voice personas, including "Juniper," "Breeze," and "Ember."
Apple's iOS 17 Update Challenges Google's Search Engine Dominance
John Giannandrea, previously a high-ranking executive at Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) Google and now leading Apple Inc's (NASDAQ: AAPL) artificial intelligence division, highlighted a subtle shift in the recent iPhone software update.
This change allows users to opt for a search engine other than Google's while using the internet in private mode.
The introduction of iOS 17 on Monday brought forth an option to select from multiple search engines, John Giannandrea mentioned during his testimony in a Washington federal court as part of the ongoing antitrust lawsuit against Google by the Justice Department.
Court Ruling Questions Lufthansa Offshoot Austrian Airlines' Dubious Environmental Claims
In a recent court ruling, Austrian Airlines AG, a subsidiary of Deutsche Lufthansa AG (OTC: DLAKY), faced backlash for making inaccurate environmental claims, specifically misleading eco-conscious passengers into believing their flights were wholly sustainable.
The controversy was sparked earlier this year when an Austrian consumer-protection body filed a lawsuit against Austrian Airlines. The airline's advertising suggested that its flights to an art exhibition in Venice, Italy, would be operated using 100% sustainable aviation fuel.
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The valuation of Snowflake stock remains controversial. Here is what technical and fundamental analysis says about buying SNOW stock.
Today's Research Daily features new research reports on 16 major stocks, including Microsoft Corporation (MSFT), UnitedHealth Group Incorporated (UNH) and HSBC Holdings plc (HSBC).
Wall Street stocks edged up Monday as investors assessed the Fed's path and a possible government shutdown.
Ford's decision to pause construction on an EV battery plant will reverberate throughout the U.S. auto industry.
Nvidia stock has fallen from grace as a Wall Street darling. Did you see the warning sign and get out in time?
Office buildings have been facing serious challenges. With the rise of remote work, amplified by the COVID-19 pandemic, the demand for physical office space has seen a marked decline. At the same time, interest rates have risen significantly, making borrowing more expensive for office building landlords who are already grappling with higher vacancy rates. Even big players are impacted. W. P. Carey Inc. (NYSE:WPC), a real estate investment trust (REIT) headquartered in New York City, recently ann
Investors have been buoyed this year by the fact that a mooted recession has failed to materialize. However, Morgan Stanley’s chief U.S. equity strategist, Mike Wilson, says that it does not mean the prospect of one taking place has completely evaporated. “While the investor sentiment pendulum on a recession arriving in 2023 has swung from roughly ’70/30′ to ’30/70′ over the past 6 months based on our dialogue, there is more debate on whether we have avoided it altogether – i.e., soft/no landing
After a volatile end to the summer, can investors look forward to a gentler autumn? There is some reason to hope so, according to Sharmin Mossavar-Rahmani, chief investment officer of wealth management at Goldman Sachs. This year, as the S&P 500 rebounded from the 19% loss it sustained in 2022, Mossavar-Rahmani has seen her bullish position vindicated, and she believes recent earnings trends and the receding probability of a recession promise further gains to come. In an interview with Barron’s,
(Bloomberg) — The largest long-dated bond ETF is suffering its biggest drawdown on record as the Federal Reserve’s higher-for-longer interest rates start to sting. Most Read from BloombergIndians Have Five Days to Deposit $3 Billion in Soon-to-Be-Withdrawn BanknotesDimon Warns World Not Ready for 7% Fed Rate: Times of IndiaCostco Offers Members $29 Online Health Care VisitsIndia-Canada Clash Should Be a Wake-Up CallBonds Sink, S&P 500 Snaps Four-Day Losing Streak: Markets WrapThe $39 billion iS
The company's stock soared to close to $80 in March 2021 and it grabbed 84,000 square feet of space in South San Francisco. Two years later, it went fully remote.
At age 99, Charlie Munger, vice chairman of Berkshire Hathaway Inc. and a Daily Journal board member, is a man many are eager to listen to. People tend to hang on to his every word like gospel. His decades of experience in investing, governance and law have given him a unique perspective on business and life, making his insights invaluable to anyone seeking wisdom. Don’t Miss: Goldman Sachs says: Portfolio(s) with a slice of real assets [like art] performed even better than the 60/40 over the lo
**↘️** [**Tesla (TSLA)**](https://www.wsj.com/market-data/quotes/TSLA): Tesla stock slipped premarket, after reports by [the Financial Times](https://www.ft.com/content/37e1e4cd-e527-43da-a177-b55e96ac995b) and [Bloomberg](https://www.
I am in a quandary about how to invest $750,000 that’s in my 401(k). I'm 67 years old, retired and I have not started taking Social Security yet. What is the best way to preserve this money for the rest of my life that doesn't have high fees? -Terry As you know, the big challenge […] The post Ask an Advisor: I’m 67 with $750K in a 401(k). How Can I Preserve This Money for the Rest of My Life? appeared first on SmartReads by SmartAsset.
Dow Jones futures fell 150 points Tuesday ahead of key housing data. DraftKings rose on an analyst upgrade, while Tesla stock skidded.
Ford is pausing a $3.5 billion electric-vehicle battery plant, United Natural Health issues disappointing guidance, Fisker expects to boost deliveries of the Ocean SUV to 300 a day later this year, and Costco is scheduled to report earnings Tuesday.
Analysts are changing their tune on Tesla third-quarter delivery estimates, cutting predictions just days before the EV giant is expected to release quarterly delivery data. With Tesla likely to report its Q3 deliveries on Monday, Oct. 2, Wall Street is predicting the number will undercut the EV giant's record-setting 466,140 vehicles in Q2. Since the end of July, analysts had forecast Tesla's Q3 would outpace the second quarter.
Borrowers are feeling the financial strain.
Berkshire Hathaway (BRK.B) offloads a further $130 million worth of its stake in HP (HPQ) shares over three days in the last week, per filings.
Millions of investors who had accounts at TD Ameritrade became Charles Schwab customers this month. Many individuals and registered investment advisers who were switched over following Schwab’s acquisition of TD Ameritrade say they miss their old accounts. Schwab says the conversion of TD Ameritrade customers is going well, but user opinion isn’t unanimous.
In the latest trading session, Virgin Galactic (SPCE) closed at $1.68, marking a -1.75% move from the previous day.
