The collapse of Synapse has left over 100,000 Americans with $265 million in deposits frozen since May 11, exposing flaws in fintech's reliance on third-party banking partnerships and prompting urgent calls for resolution from lawmakers.
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Google Blames AI in Carbon Emissions Rise, Challenging 2030 Net Zero Pledge
Google's annual sustainability report revealed that despite efforts, the company's carbon emissions continued to rise in part due to challenges related to AI.
FTC Blocks Tempur Sealy's Acquisition of Mattress Firm Over Competition Concerns
The Federal Trade Commission has voted to prevent mattress maker Tempur Sealy from acquiring retail chain Mattress Firm, citing concerns that the merger would stifle competition.
Temu and Shein's High Airfreight Demand Drives Up Global Shipping Prices
Chinese e-commerce giants Temu and Shein have significantly increased global airfreight prices, leading to limited capacity and heightened costs akin to peak holiday periods.
FDA Approves Eli Lilly's Alzheimer’s Drug Donanemab, Expanding US Treatment Options
The FDA has approved Eli Lilly’s Alzheimer’s drug donanemab, branded as Kisunla, for early symptomatic adults, providing a new treatment option for nearly 7 million Americans affected by the disease.
Latest News
McDonald's will launch a Jujutsu Kaisen-inspired garlic sauce on July 9 through its app, aiming to appeal to anime fans and culinary enthusiasts alike.
Moderna received $176 million from the US government to fast-track the development of its bird flu vaccine, following the spread of the H5N1 virus in dairy herds across multiple states.
Salesforce investors rejected the company's compensation plan for top executives amid concerns over the equity awards granted to CEO Marc Benioff.
One million American workers whose wages are below the median individual pay will now be eligible for overtime protections, according to President Joe Biden.
UBS is leading AI integration in banking with initiatives like instant credit for small businesses, pushing the banking sector to embrace AI's transformative potential to keep up.
Community Health Systems expands its partnership with Mark Cuban Cost Plus Drugs, enabling 71 hospitals to access a wider range of generic medicines.
A Philadelphia woman was charged for allegedly stealing COVID-19 relief funds intended for a Florida city to pay for a cosmetic procedure known as a Brazilian butt lift.
US officials said that drug traffickers for Mexico's Sinaloa cartel chose to launder money through Citi.
A federal judge has dismissed a lawsuit filed by several Massachusetts cannabis businesses seeking to challenge the existing federal prohibition on marijuana.
