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Warner Bros Discovery Reports Nearly $10 Billion Loss as TV Assets Value Plummets

Warner Bros Discovery Reports Nearly $10 Billion Loss as TV Assets Value Plummets

Warner Bros Discovery’s shares dropped 12% in premarket trading after announcing a $9.1 billion write-down and a $10 billion net loss, reflecting their ongoing struggles to keep up with other giant media.


New EU DORA Law Requires Banks to Strengthen IT Security and Manage Third-Party Risks by 2025

By January 2025, the EU's Digital Operational Resilience Act (DORA) will enforce stringent IT security standards for banks and their technology suppliers to boost cyber resilience and manage third-party risks.

Apple Intelligence's AI Features in iOS 18 and New iPhones Expected to Be Priced at $20

Apple may charge up to $20 for its upcoming AI features from "Apple Intelligence," to boost its services revenue and deepen user engagement as the AI sector becomes more expensive.

Breaking New Ground: iMetabolic Biopharma Corporation's iPlatformTM Revolutionizes Advanced Drug R&D

The iMetabolic Biopharma Corporation (iMBP) is tackling the challenge head-on with its proprietary iPlatformTM, which is a cutting-edge fusion of biotechnology and artificial intelligence (AI). "Our solution is techbio (technology-enhanced biopharma), which has led to the establishment of a proprietary multi-drug candidate pipeline and AI drug discovery technology," explains Founder and CEO Dr. Urban A. Kiernan.


Latest News

Hyundai and Kia's Anti-Theft Software Upgrade Reduces Vehicle Theft by 64%
Recent Highway Loss Data Institute research shows that Hyundai and Kia's software upgrades have cut vehicle theft rates by 64% since February 2023.
Disney Reports Record Profit, Thanks to Combined Streaming Services
Disney exceeded expectations in Q3 report, achieving its first profit from combined streaming services and reporting earnings per share of $1.39, despite challenges in its parks and experiences segment.
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Arlette Palacio, Founder and CEO of Educology
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Yum Brands Misses Revenue Target as Pizza Hut and KFC See Lower Sales
Yum Brands fell short of revenue expectations in the second quarter as Pizza Hut and KFC struggled with declining same-store sales, while Taco Bell saw a 5% increase.
China’s Drug Industry Warns National Security Risk Associated with Rising Foreign Takeovers
Foreign acquisitions of Chinese pharmaceutical companies have raised national security concerns, as industry experts worry about the potential impact on China's healthcare sector and access to essential medicines.
Australia Orders to End Work-From-Home Setup for Public Servants; Citing Need for Physical Presence
New South Wales, Australia, has mandated that all public employees return to office work starting August 6, reversing remote work policies due to debate on its impact on staffing and business activity.
Google Could Be Split Up After US Judge Found Illegal Monopoly Search
A US judge ruled that Google operates an illegal monopoly, controlling 90% of online searches and 95% of mobile searches, which may lead to a breakup of its parent company, Alphabet.
Saudi Aramco's Profit Dips to $29.1 Billion in Q2 as Oil Production Remains Low
World's largest oil company, Saudi Aramco, reported a 3% decline in second-quarter profits to $29.1 billion due to lower crude production but still plans to pay $124.2 billion in dividends this year.
US Tech Giants Suffer $1 Trillion Wipeout Following Massive Market Decline
Tech giants in the US lost approximately $1 trillion in market value this week due to recession fears and disappointing economic data, with sharp declines in Nvidia, Apple, and Amazon.