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One day after WeightWatchers said that it would file for bankruptcy, weight loss drug giant Novo Nordisk’s outlook is brightening. Novo Nordisk, the Danish company that produces semaglutide drugs Ozempic and Wegovy, saw its shares rise more than 7% Wednesday, in spite of recent headwinds from widely available copycat versions of its signature weight loss drugs. Following its quarterly earnings report, shares of the company rose to $71.53 before leveling off and settling around $67.70, in spite of lowered expectations for the year. Novo Nordisk lowered its sales growth forecast for 2025, now expecting growth between 13% and 21%, down from the 16% to 24% it pro…
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Novo Nordisk’s closely-watched Alzheimer’s trials of an older oral version of its semaglutide drug failed to help slow the progression of the brain-wasting disease, the firm said on Monday, a blow to the obesity drug giant that sent its shares sliding. The trials, which Novo had previously called a “lottery ticket” to underline its highly uncertain outcome, were testing whether the medicine could slow cognitive decline in patients. The setback scuppers hopes for Novo that Alzheimer’s could open a major new market for GLP-1 medicines such as semaglutide, as it faces rising competition to its blockbuster drugs in its core treatment areas of obesity and diabetes. …
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Novo Nordisk said on Thursday it would buy U.S.-based Akero Therapeutics for up to $5.2 billion to add its promising experimental liver disease drug, in the first major deal by the Danish drugmaker’s new CEO to boost growth. The deal underscores new Novo Nordisk CEO Mike Doustdar’s efforts to revive sales growth and fend off intense competition from U.S. rival Eli Lilly. Doustdar, who took over the reins in July, last month also announced the company would cut 9,000 jobs. Akero is testing its drug, efruxifermin, in a late-stage trial of patients with severe liver scarring, or cirrhosis, due to a type of fatty liver disease known as metabolic dysfunction-associated…
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As press releases go, it was a mic drop moment. On September 4, OpenAI announced that it was coming after LinkedIn. And it was coming after job search specifically. For those unfamiliar with the story, it was reported across multiple sources that not content with torpedoing Google, education, interpersonal relationships, and entire industries such as psychiatry or management consultancy (both smugly considered untouchable until about 15 minutes ago), OpenAI is now coming after the age-old industry of human resources. Specifically, the $300 billion company wants to streamline the process of hiring by automatically matching candidates to roles via context alone,…
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Tomorrow, NPR’s CEO Katherine Maher goes before a DOGE congressional subcommittee to defend the public media outlet’s case for federal funding. Maher gives a preview to her testimony, sharing how funding cuts would impact Americans’ broad access to crucial news and information, particularly in rural and local areas. Maher also reveals NPR’s strategy for reengaging with their audience, how the organization can better frame its identity as an outlet for all Americans, and more. This is an abridged transcript of an interview from Rapid Response, hosted by the former editor-in-chief of Fast Company Bob Safian. From the team behind the Masters of Scale podcast, Rapid Respo…
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National Public Radio will receive approximately $36 million in grant money to operate the nation’s public radio interconnection system under the terms of a court settlement with the federal government’s steward of funding for public broadcasting stations. The settlement, announced late Monday, partially resolves a legal dispute in which NPR accused the Corporation for Public Broadcasting of bowing to pressure from President Donald The President to cut off its funding. On March 25, The President said at a news conference that he would “love to” defund NPR and PBS because he believes they are biased in favor of Democrats. NPR accused the CPB of violating its Fi…
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Around the U.S., about 90,000 tons of nuclear waste is stored at more than 100 sites in 39 states, in a range of different structures and containers. For decades, the nation has been trying to send it all to one secure location. A 1987 federal law named Yucca Mountain, in Nevada, as a permanent disposal site for nuclear waste—but political and legal challenges led to construction delays. Work on the site had barely started before Congress ended the project’s funding altogether in 2011. The 94 nuclear reactors currently operating at 54 power plants continue to generate more radioactive waste. Public and commercial interest in nuclear power is rising because of …
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The The President administration left nursing off a list of “professional” degrees in a move that could directly limit how future nurses will finance their education. Removing the profession from the list will have a major impact, after the passing of President The President’s One Big Beautiful Bill Act, which introduced a cap on borrowing. As of July 1, 2026, students who are not enrolled in professional degree programs will be subject to a borrowing cap of $20,500 per year and a lifetime cap of $100,000. However, professional degrees offer higher loan options, with the ability to borrow $50,000 per year and a $200,000 lifetime cap. ‘A backhanded slap’…
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Thousands of New York City nurses were set to return to the picket lines Tuesday as their strike targeting some of the city’s leading hospital systems entered its second day. The walkout, which comes during a severe flu season, involved roughly 15,000 nurses spread out across multiple private hospitals, including NewYork-Presbyterian/Columbia, Montefiore Medical Center and Mount Sinai hospital. The affected hospitals have hired droves of temporary nurses to try to fill the labor gap. Both nurses and hospital administrators have urged patients not to avoid getting care during the strike. The labor action comes three years after a similar strike forced medical facilities…
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After six years in the game, Nuuly, the clothing rental service from Urban Outfitters, has done what few thought possible: turned a profit. In an industry full of flashy failures and billion-dollar burns, Nuuly is quietly winning with a strategy that’s shaking up fashion and business. View the full article
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U.S. technology company Nvidia and Fujitsu, a Japanese telecommunications and computer maker, agreed Friday to work together on artificial intelligence to deliver smart robots and a variety of other innovations using Nvidia’s computer chips. “The AI industrial revolution has already begun. Building the infrastructure to power it is essential in Japan and around the world,” Nvidia Chief Executive Jensen Huang said, hugging his Fujitsu counterpart Takahito Tokita on stage. “Japan can lead the world in AI and robotics,” Huang told reporters at a Tokyo hotel. The companies will work together on building what they called “an AI infrastructure,” or the system on which the va…
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Crowds flooded the freshly opened showroom floors on Day 2 of the CES and were met by thousands of robots, AI companions, assistants, health longevity tech, wearables and more. Siemens President and CEO Roland Busch kicked off the day with a keynote detailing how its customers are harnessing artificial intelligence to transform their businesses. He was joined onstage by Nvidia CEO Jensen Huang to announce an expanded partnership, saying they are launching a new AI-driven industrial revolution to reinvent all aspects of manufacturing, production and supply chain management. Lenovo ended the day with a guest star-rich visual banquet dedicated to spotlighting how its AI pl…
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Silicon Valley chipmaker Nvidia plans to supply hundreds of thousands of its graphics processing units for projects with South Korean businesses and the government to advance the country’s artificial intelligence infrastructure and technologies. The plan was announced Friday by the government, Nvidia, and some of South Korea’s biggest companies, including chipmakers Samsung Electronics, SK Hynix and auto giant Hyundai Motor, after President Lee Jae Myung met with Nvidia CEO Jensen Huang. At a news conference, Huang said he hopes to export Nvidia’s most advanced AI chips to China, following U.S. President Donald The President’s talks with Chinese President Xi Jinping on …
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Nvidia CEO Jensen Huang met separately with President Donald The President and Republican senators Wednesday as tech executives work to secure favorable federal policies for the artificial intelligence industry, including the limited sale of Nvidia’s highly valued computer chips to U.S. rivals like China. Huang’s closed-door meeting with Republicans on the Senate Banking Committee came at a moment of intensifying lobbying, soaring investments, and audacious forecasts by major tech companies about AI’s potential transformative effects. Huang is among the Silicon Valley executives who warn that any restrictions on the technology will halt its advancement despite mou…
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The most anticipated quarterly earnings of the month will be announced on Wednesday, November 19, as AI chip giant Nvidia Corporation (Nasdaq: NVDA) reveals financial results for its 2026 fiscal third quarter. A lot is riding on these results—and not just for Nvidia. Investors are increasingly on edge about a possible AI bubble, and if Nvidia posts good or better than expected earnings, it could give those investors faith that AI infrastructure is on solid ground and has plenty of room to grow. But if Nvidia’s earnings disappoint—or show signs of upcoming weakness—it could spell bad news not just for NVDA stock, but for the stock prices of all companies opera…
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Nvidia forecast fourth-quarter revenue above Wall Street estimates on Wednesday, betting on booming demand for its AI chips from cloud providers against the backdrop of widespread concerns of an artificial intelligence bubble. The results from the AI chip leader mark a defining moment for Wall Street, as global markets looked to the chip designer to determine if investing billions of dollars in AI infrastructure expansion had resulted in towering valuations that potentially outpaced fundamentals. The world’s most valuable company expects fiscal fourth-quarter sales of $65 billion, plus or minus 2%, compared with analysts’ average estimate of $61.66 billion, accord…
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Investors are feeling less hot about the makers of cooling systems for data centers after the CEO of Nvidia Corp. stoked concerns that demand for their products could dry up. Shares of Modine Manufacturing Co. led declines in this sector, tumbling as much as 21% Tuesday before recovering some of those losses to close about 7.5% lower. Other makers of water-cooled systems and similar products—including Johnson Controls International Plc, Trane Technologies Plc, and Carrier Global Corp.—also fell as much as 6.2% on Tuesday. To blame? The next generation of Nvidia’s computer chips, announced on Monday, which won’t require the same type of cooling systems. That’s be…
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Nvidia forecast first-quarter revenue above market estimates on Wednesday, expecting robust demand for its leading AI chips to persist as businesses spend heavily to expand generative artificial intelligence infrastructure. Its shares rose about 1% in choppy extended trading, after closing up 3.7% in regular trading. Nvidia is the biggest beneficiary of a rally in AI-linked stocks, with its shares up more than 400% over the last two years. The company expects revenue of $43 billion, plus or minus 2% for the first quarter, compared with analysts’ average estimate of $41.78 billion according to data compiled by LSEG. Demand has grown unabated for Nvidia’s advanc…
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Nvidia indulged all your artificial intelligence fantasies on Tuesday at what was being called the “Super Bowl of AI.” The chip giant’s GPU Technology Conference (GTC) was held at the SAP Center in San Jose on Tuesday, and it was—you guessed it—all about AI. Nvidia founder and CEO Jensen Huang made several large announcements during a two-hour keynote, with plenty of meat to keep AI-hungry consumers and businesses happy. That includes partnerships with large automakers to build autonomous vehicles and even personal AI supercomputers that sit right on your desktop. Here are some of the key announcements from Huang’s keynote: GM partnership: General Motors…
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Concerns about an AI bubble and increased competition are weighing on Nvidia as the stock fell to a three-month low on Wednesday. Shares of the Santa Clara, California-based company tumbled more than 3% amid a broader decline for those chipmakers that are key to the artificial intelligence boom. Shares of Advanced Micro Devices and Broadcom were also down 4% and 5%, respectively. In recent weeks, a slew of companies have made moves that could chip away at Nvidia’s domination as the go-to maker of chips for the AI industry. One such company, MetaX Integrated Circuits of China, debuted an initial public offering on Wednesday and surged nearly 700%. BEHIND NVIDI…
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