OpenAI’s dealmaking streak in 2025 got context as CEO Sam Altman used a lengthy post on X to lay out ambitions and numbers. He said the company expects to end the year above a $20 billion annualized run rate, aims for hundreds of billions by 2030, and is looking at...
One week into the blackout of ESPN, ABC and other Disney channels on YouTube TV, frustration is mounting as viewers miss college football and Monday Night Football. A Drive Research survey of 1,107 U.S. streamers found 24% have canceled or plan to cancel, 30% may switch to ESPN Unlimited or...
President Donald Trump struck landmark agreements with Eli Lilly and Novo Nordisk to cut costs for GLP-1 weight loss drugs. Starting next year, monthly out-of-pocket prices for injections and future pills will range from $50 to $350, officials said. Medicare will cover the drugs for obesity beginning mid-2026, with some...
Duolingo shares plunged 27% after the language app issued lighter guidance while prioritizing user growth over near-term monetization. CEO Luis von Ahn said the company is shifting investment to long-term bets. For the quarter, bookings and adjusted EBITDA forecasts trailed estimates, and daily and monthly active users missed, though paid...
Goldman Sachs named 638 new managing directors, a roughly 5% increase over 2023’s class of 608, in one of Wall Street’s most watched promotions. CEO David Solomon and President John Waldron praised the cohort’s client focus and scale, noting the choices were extremely difficult. More than 6,000 interviews fed the...
Microsoft AI chief Mustafa Suleyman announced a new team to build “humanist superintelligence,” saying it will be limited, contextual, and built to serve people. In a blog post, he stressed keeping humans “at the top of the food chain,” even as Microsoft and OpenAI head into fiercer AGI competition under...
Mark Zuckerberg’s fortune fell by nearly $5 billion as Meta shares slid Thursday after Reuters reported internal documents projecting about 10% of the company’s revenue—estimated at $16 billion—could come from ads for scams and banned goods. The outlet also said the SEC is investigating Meta over financial scam advertising. Meta...
Starbucks rolled out its 2025 holiday menu this week, but the buzz centers on a $30 “bearista” mug — a honey-bear-shaped glass for cold drinks topped with a green silicone beanie. The cup sold out fast at many stores, with social posts showing pre-dawn lines, one-per-customer limits in some locations,...
Supreme Court justices from both wings signaled deep skepticism toward the Trump administration’s defense of most tariffs, raising hopes for refunds on nearly $90 billion collected so far. Yet who would qualify and how remains murky. Justice Amy Coney Barrett pressed attorney Neal Katyal, who said his five client businesses...
CEOs and billionaires spent more than $40 million to stop Zohran Mamdani from becoming New York City’s next mayor; he won anyway, and their reactions now range from exit threats to pragmatic outreach. Kathryn Wylde said her Partnership will work with him as he pushes a rent freeze, higher taxes,...
