Nvidia's buyers, Boeing's strike, Elon Musk and Bernie Sanders on Ozempic: Business news roundup
Plus, Sotheby’s is so deep in debt that some senior staffers got IOUs
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When Nvidia (NVDA) reported $30 billion in revenue in its second-quarter earnings results, the AI chipmaker disclosed that almost half of that came from only four customers.
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Sotheby’s — one of the world’s largest and most storied brokers of art, jewelry, and other collectibles — could be in trouble. A weakened art market and controversial business decisions by billionaire owner Patrick Drahi have left the auction house mired in debt.
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The union representing striking Boeing machinists is criticizing the company’s efforts to rally support for a contract that workers deem insufficient. The International Association of Machinists and Aerospace Workers (IAM) says that it wants to work toward an agreement at the bargaining table or nowhere.
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The largest union of maritime workers in North America is threatening to go on a full strike across the East and Gulf Coasts, which could devastate the U.S. economy if a deal isn’t reached by early next week.
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Google (GOOGL) has reportedly paid $2.7 billion to acquire a chatbot that allows you to talk to AI versions of celebrities. The whopping sum, however, also brings in the company’s top employees — including a former Googler.
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Nvidia (NVDA) chief executive Jensen Huang is $2.3 billion richer thanks to a recent bump in Nvidia stock.
Shares of the chip giant were up more than 2% in pre-market trading, after closing up about 2% at $123.51 apiece Wednesday. The uptick in the company’s stock brought its market capitalization back above $3 trillion, recovering ground from recent losses and bringing Nvidia back into the coveted club.
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Vice President Kamala Harris on Wednesday outlined her $100 billion plan to boost U.S. manufacturing and take on China while helping middle-class Americans.
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The health benefits of blockbuster weight loss drugs are bridging the stark political divide in the United States.
Progressive Sen. Bernie Sanders of Vermont said on Tuesday, in a Senate committee hearing on high anti-obesity drug prices, that he agreed with Elon Musk, a supporter of Former President Donald Trump, when it comes to expanding access to GLP-1 weight loss drugs.
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Here’s a look at the world’s top 15 cities for startups, their deal values, and their deal counts
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The pharmaceutical company is developing weight loss drugs by targeting “the biology of human aging”