U.S. Treasury Secretary Scott Bessent announced productive trade talks with China in Geneva, resulting in a deal. While details remain limited, Bessent and U.S. Trade Representative Jamieson Greer briefed President Trump. Greer highlighted the speed of the agreement, suggesting differences weren't as significant as anticipated. The deal aims...
OpenAI and Microsoft are renegotiating their multibillion-dollar partnership. OpenAI aims for an IPO, requiring restructuring away from its non-profit roots. A key sticking point is Microsoft's equity stake in exchange for its $13bn+ investment. The revised contract will also address Microsoft's access to OpenAI's intellectual property beyond...
Walgreens is expanding its use of robotic micro-fulfillment centers to fill prescriptions, aiming to improve efficiency and free up pharmacists for patient care. Initially deployed in 2021, the program was paused for upgrades before resuming expansion. The company expects the 11 centers to serve over 5,000 stores by...
Media companies are facing economic uncertainty as they present their programming to advertisers. This year's "Upfronts" are crucial, with marketers cautious about spending due to inflation and other economic factors. While some streaming services are profitable, the traditional TV bundle remains more lucrative. Competition from digital platforms...
Afina, a shower head company, conducted a real-world test comparing a $129 Chinese-made shower head to a $239 US-made version. Despite over 25,000 website visitors, zero US-made shower heads were purchased, while 584 Chinese-made ones sold. Founder Ramon van Meer concluded that consumer preference for American-made goods, often...
Soaring gold prices are driving a surge in business at St. Vincent Jewelry Center in Los Angeles. People are selling family heirlooms and melting down old jewelry for quick cash amid economic uncertainty and rising inflation. Gold refiners are overwhelmed, while some jewelers face higher costs due to...
Fitness tracker company Whoop is facing backlash after changing its upgrade policy for its new Whoop 5.0. Initially promising free upgrades to members with six months' membership, Whoop now requires 12 months for a free upgrade to its new Peak subscription. Users with less than 12 months remaining...
Gen Z professionals are increasingly rejecting management roles to prioritize well-being, creating a significant shift in corporate culture. Research shows Gen Z is 1.7 times more likely than previous generations to avoid management to protect their mental health. This trend, driven by a desire for work-life balance and meaningful...
A rare 1999 platinum Rolex Daytona with a mother-of-pearl diamond dial is up for auction at Sotheby's Geneva on Sunday. One of only four known to exist, this privately commissioned watch is expected to fetch up to $1.7 million. Its unique features, including the platinum case (unusual for Daytona...
Elizabeth Holmes' partner, Billy Evans, has launched a new AI-powered biotech startup, Haemanthus, focused on developing affordable medical testing technology using Raman spectroscopy. The company, employing former Luminar Technologies colleagues, has secured funding from friends and family. While Holmes, currently serving an 11-year prison sentence for Theranos fraud,...
