United States: Disney cuts jobs at Pixar, ESPN

 

United States – The Walt Disney Company has launched a sweeping new round of layoffs affecting several hundred employees across some of its most high-profile units, a company spokesperson confirmed on Tuesday. The cuts reach into Pixar Animation Studios, National Geographic, and multiple corporate-level functions, signaling material changes in both...

United States drug ad war pits Novo Nordisk against Lilly

 

Novo Nordisk has filed a federal lawsuit in the U.S. District Court for the District of New Jersey accusing Eli Lilly of running deceptive nationwide advertising campaigns for its obesity and diabetes drugs Zepbound and Mounjaro. The complaint, lodged on Tuesday, alleges violations of federal and state false advertising and...

New York: Sony sues Udio over 30,000 songs

 

Sony Music Entertainment has filed a new federal copyright infringement lawsuit in New York against AI music generation platform Udio, alleging the unauthorized use of 30,117 copyrighted sound recordings to train its generative models. The case, brought on July 21, 2026, marks an escalation in the recording industry’s legal campaign...

Amsterdam Nebius shares jump after Nvidia stake disclosure

 

Nebius shares rose on Tuesday after Nvidia disclosed a 9.3% equity stake in the Amsterdam-based neocloud provider, which is listed on Nasdaq. The company, a major European supplier of AI compute infrastructure, has benefited from surging demand for artificial intelligence services, with its stock up nearly 250% over the past...

United States: Microsoft adopts AMD Helios AI platform

 

Advanced Micro Devices and Microsoft announced an expanded strategic partnership to deploy AMD’s next-generation Helios rack-scale AI systems across Microsoft Azure, positioning AMD as a more direct competitor to Nvidia in data center AI. The Helios platform integrates Instinct MI455X GPUs, 6th Gen AMD EPYC “Venice” processors, Pensando networking, and...

San Francisco judge pauses $81 billion Paramount-Warner merger

 

SAN FRANCISCO — A federal judge on Monday ordered Paramount and Warner Bros. Discovery to halt their proposed $81 billion merger for at least two weeks, granting a temporary restraining order requested by 12 states led by California. The states sued last week to block Paramount’s planned buyout of Warner,...

United States ransomware attack halts Fairlife dairy production

 

United States – The Coca-Cola Company has temporarily halted all U.S. production at its dairy subsidiary Fairlife LLC after a ransomware attack compromised critical IT and production-related systems, forcing the shutdown of manufacturing operations nationwide. The company disclosed the incident in a Form 8-K filing with the U.S. Securities and...

New Jersey loses corporate jobs as Samsung, Mars exit

 

New Jersey is bracing for more than 1,000 corporate job losses after Samsung Electronics America and Mars Wrigley announced plans to move their U.S. headquarters out of the state, dealing a significant setback to the local white-collar employment base. On Monday, July 20, 2026, Samsung said it will cut 739...

United States drugmaker adopts NVIDIA Vera Rubin supercomputer

 

On July 20, 2026, Bristol Myers Squibb (BMS), a global biopharmaceutical company based in the United States, announced an expanded partnership with NVIDIA to significantly scale its artificial intelligence capabilities for drug discovery. BMS will deploy an NVIDIA DGX SuperPOD powered by next-generation DGX Vera Rubin NVL72 systems, described as...

United States healthcare firm probes alleged cyberattack breach

 

Abbott Laboratories, the U.S.-based healthcare company, said on Monday, July 20, 2026, that it is investigating claims of a major cyberattack and data theft involving legacy systems tied to its cancer diagnostics operations. The affected systems are linked to the former Exact Sciences business, acquired in late 2025, and Abbott’s...