Mark Zuckerberg’s Creative Plan to Pay California’s Proposed Billionaires Tax Without Losing Control of Meta
During Meta’s earnings conference call Wednesday, the company revealed that its board of directors had approved a new class of non-voting shares, called Class C common stock. The shares give the holder an ownership stake but no voting rights on…
SK Hynix shares fall after chipmaker abandons Solidigm IPO plans
Shares of South Korean chipmaker SK Hynix’s fell 3% in Seoul on Friday morning after the company halted review of a possible U.S. IPO for its Solidigm subsidiary. “Solidigm will pause its review of potential pre-IPO and initial public offering…
Merck and Moderna release detailed cancer vaccine data at ESMO
Adam Feuerstein is a senior biotechnology writer and columnist, reporting on the intersection of drug development, business, Wall Street and biotechnology. He is also co-host of the weekly biotechnology podcast The Readout Loud and author of the…
Microsoft declares a step towards “medical superintelligence” with Diagnostic Orchestrator
For years, AI leaders have touted healthcare as one of the clearest examples of how their technology will improve lives. Now, “it’s finally here,” says Mustafa Suleyman, CEO of Microsoft AI. The edge. The company claims to have developed an AI-based tool…
Elon Musk reportedly invested $1 billion in David Ellison’s Skydance | Elon Musk
Elon Musk has reportedly invested around $1 billion in Skydance, the new media empire led by David Ellison. The deal comes with new equity injections from existing investors, including board member and widow of Steve Jobs, Laurene Powell Jobs. Semafor…
2027 BMW iX5 First Drive: You’ll Love the Range, But Maybe Not the Looks
BMW’s latest electric vehicle will travel more than 450 miles on a charge and even close its own doors. Too many manufacturers are getting too ingenious in trying to reinvent the humble doorknob these days, sometimes with fatal consequences. BMW is…
Hackers struggle to exploit PHP vulnerabilities after cybersecurity crisis
A day after governments around the world warned that newly released software vulnerabilities were so severe that websites should consider going offline until they can patch them, experts and insiders said there were few, if any, reports of widespread…
Airbnb limits payment tasks that hosts can require from guests
Airbnb Customers can say goodbye to checkout tasks like washing dishes, removing beds and taking out the trash under a new policy announced this week. The short-term rental platform’s new rules limit hosts to “reasonable” departure…
911 outages hit several California cities
Disruptions to 911 and other emergency services were reported Thursday in at least three areas of California, including Oakland, Riverside County (east of Los Angeles) and Santa Barbara County on the Central Coast. Oakland The Oakland Police Department…
Moderna, Merck Stocks Fall Following Highly Anticipated Cancer Vaccine Results
A cancer vaccine developed by Moderna and Merck & Co. has lived up to expectations, meeting the high expectations of industry observers and doctors by slowing the return of advanced melanoma, according to data released before a major medical…