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Tue, May 19, 2026 04:35 AM All times are UTC

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Blackstone’s BCRED Fund Sees $1.7B Net Outflows as Private Credit Concerns Shake Investors

Mar 04, 2026 01:25 am UTC| Business

Blackstones flagship private credit vehicle, Blackstone Private Credit Fund (BCRED), experienced significant withdrawal pressure during the first quarter as investor sentiment toward the rapidly expanding private credit...

FDA Warns Novo Nordisk Over Misleading Ozempic Ad Claims

Mar 04, 2026 01:16 am UTC| Business Health Governance

The U.S. Food and Drug Administration (FDA) has issued a warning to Danish pharmaceutical giant Novo Nordisk regarding a consumer advertisement for its widely used diabetes drug, Ozempic. According to the regulator, the ad...

OpenAI Explores New Code-Hosting Platform to Reduce Dependence on GitHub

Mar 04, 2026 01:10 am UTC| Business Technology

OpenAI is reportedly developing a new code-hosting platform that could eventually compete with Microsofts GitHub, according to a recent report citing sources familiar with the initiative. The project is still in its early...

Santander’s $12.2B Webster Financial Deal Faces Uncertainty Amid U.S.–Spain Trade Tensions

Mar 04, 2026 01:09 am UTC| Business Politics

Banco Santanders proposed $12.2 billion acquisition of U.S. regional lender Webster Financial may face delays following comments from President Donald Trump suggesting a halt in trade with Spain. According to Wells Fargo...

Middle East Air War Triggers Massive Flight Cancellations and Global Airline Disruptions

Mar 04, 2026 01:06 am UTC| Business Politics

The escalating U.S. and Israeli air war against Iran has created major disruptions across the global aviation and tourism industries, forcing airlines and governments to manage the fallout as tens of thousands of travelers...

Moderna to Pay Up to $2.25B to Settle LNP Patent Dispute Over COVID-19 Vaccine Technology

Mar 04, 2026 01:01 am UTC| Business Health Law

Moderna has reached a major legal settlement worth up to $2.25 billion with Genevant Sciences and Arbutus Biopharma, ending a long-running patent dispute over the lipid nanoparticle (LNP) technology used in its COVID-19...

Shell to Invest $667M in Brazil’s Struggling Sugar and Ethanol Producer Raizen

Mar 04, 2026 00:59 am UTC| Business

London-listed oil giant Shell has committed to investing 3.5 billion Brazilian reais (approximately $667.84 million) in Raizen, the Brazilian sugar and ethanol producer facing financial difficulties. The announcement was...

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Economy

US Stock Futures Steady as Nvidia Earnings and Iran Tensions Keep Investors on Edge

U.S. stock futures traded mostly unchanged late Monday as investors remained cautious following a technology-driven pullback on Wall Street. Market sentiment stayed fragile as traders closely watched escalating tensions...

Oil Prices Drop as Trump Delays Iran Strike, Russia Sanctions Waiver Eases Supply Concerns

Oil prices declined during early Asian trading on Tuesday after U.S. President Donald Trump announced a delay in a planned military strike against Iran, signaling that diplomatic negotiations were still underway. The...

Gold Prices Climb as Trump Delays Iran Strike, Boosting Safe-Haven Demand

Gold prices edged higher during Asian trading on Tuesday after U.S. President Donald Trump announced that a planned military strike against Iran had been postponed while diplomatic negotiations continued. The development...

Australian Consumer Sentiment Improves Slightly as Fuel Prices Ease

Australias consumer sentiment showed a modest recovery in May as lower fuel prices offered temporary relief to households facing ongoing financial pressure. The Westpac-Melbourne Institute Consumer Sentiment Index...

Dollar Slips as Bond Market Stabilizes Amid Iran Tensions and Fed Rate Hike Expectations

The U.S. dollar weakened on Monday as the global bond market sell-off showed signs of slowing, while investors remained cautious over ongoing geopolitical tensions between the United States and Iran. The U.S. Dollar Index,...

Politics

TrumpRx Expands Discount Drug Access With 600 Generic Medications

U.S. President Donald Trump announced that TrumpRx.gov will now offer more than 600 generic prescription drugs, significantly expanding the administrations effort to lower medication costs for Americans. The...

Minnesota ICE Agent Charged in Venezuelan Immigrant Shooting During Trump Immigration Crackdown

Minnesota prosecutors have charged a U.S. Immigration and Customs Enforcement (ICE) agent in connection with the January shooting of a Venezuelan immigrant in Minneapolis during President Donald Trumps intensified...

Pentagon Watchdog Probes U.S. Caribbean Boat Strikes Amid Legality Concerns

The Pentagons internal watchdog has launched an investigation into whether U.S. military boat strikes in the Caribbean complied with official targeting procedures during operations tied to anti-crime and security missions,...

Alex Saab Faces U.S. Money Laundering Charges Over Venezuela Oil and Food Deals

Alex Saab, a Colombian-Venezuelan businessman closely linked to former Venezuelan President Nicolas Maduro, has been charged by the U.S. Department of Justice in a major money laundering case tied to Venezuelan government...

US Sanctions Target Cuban Officials and Intelligence Agency Amid Trump Pressure Campaign

The Trump administration has intensified its crackdown on Cuba by imposing new sanctions on 11 senior Cuban officials and the countrys main intelligence agency, escalating tensions between Washington and Havana. The latest...

Science

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

Technology

Analog Devices Nears $1.5B Acquisition of AI Chip Firm Empower Semiconductor

U.S. semiconductor giant Analog Devices is reportedly in advanced discussions to acquire AI-focused chipmaker Empower Semiconductor in a deal valued at approximately $1.5 billion in cash, according to a Bloomberg News...

Google, Blackstone Launch $5B AI Cloud Venture to Challenge Nvidia and CoreWeave

Alphabets Google and Blackstone are reportedly joining forces to launch a new artificial intelligence cloud company powered by Googles proprietary AI chips, according to a Wall Street Journal report published Monday. The...

OpenAI Wins Elon Musk Lawsuit as Jury Rejects Claims Over AI Mission

A U.S. jury has ruled that OpenAI is not liable in a lawsuit brought by Elon Musk, marking a major legal victory for the artificial intelligence company. The verdict was delivered Monday in a federal court in Oakland,...

Samsung, Union Edge Closer to Deal as Strike Threat Looms

Samsung Electronics and its South Korean labor union are reportedly making progress in negotiations aimed at preventing what could become the largest strike in the companys history. According to a report from Yonhap...

Anthropic to Brief Financial Stability Board on AI-Driven Cyber Risks

Artificial intelligence startup Anthropic is preparing to discuss potential cyber vulnerabilities in the global financial system linked to its latest AI model, Mythos, with members of the Financial Stability Board (FSB),...