Hurricane Beryl is expected to cause approximately $2.7 billion in damages to US insurers, as estimated by catastrophe modeling firm Karen Clark & Co (KCC).
Industry
Novo Nordisk, Eli Lilly Shares Decrease After Roche Reveals Obesity Drug Trial
Shares of pharmaceutical companies Novo Nordisk and Eli Lilly slid after Roche announced results from a promising early-stage trial for its proposed obesity drug.
Bank of America Shares 4% Rise in Q2 After Announcing Net Interest Income Rebound Imminent
Bank of America recently announced that its second-quarter revenue and profit from investment banking and asset management fees exceeded Wall Street expectations.
Amazon Prime Day 2024 Projects $14 Billion Profit, Data Analytics Say
With Amazon’s Prime Day merely hours away, Adobe Analytics data is expecting that the retailer would receive a $14 billion paycheck.
Spacex’s Falcon 9 Grounded After Stage 2 Anomaly in Latest Starlink Launch
SpaceX’s reliable Falcon 9 space transportation fleet has been grounded after an unusual failure in its second stage caused its payload, 20 of the company’s Starlink satellites, to deploy in a lower-than-expected orbit and eventually burn into the Earth’s atmosphere.
Latest News
General Motors (GM) has secured a $500 million grant from the US Department of Energy to support the production of EVs at its Lansing Grand River Assembly plant.
Delta Airlines recently came under fire for its response to a social media post about its flight attendants wearing Palestinian flag pins.
The US Energy Department plans to buy up to 4.5 million barrels of oil to replenish the Strategic Petroleum Reserve (SPR).
Tesla has increased the price of its Model 3 cars in European countries like Germany, the Netherlands, and Spain.
Elon Musk's Neuralink has announced that the tiny wires in the brain chip implanted in its first trial participant are now stable.
US sanctions have created obstacles for Russian imports of Chinese cars. US sanctions have created obstacles for Russian imports of Chinese cars, which have been crucial for the domestic market in recent years.
The US Federal Trade Commission (FTC) is reportedly filing a lawsuit against the three biggest prescription drug middlemen over insulin prices.
BMW has issued a recall for 394,000 cars in the US because of defective Takata airbag inflators that might cause severe or fatal injuries.
The United Kingdom’s Office of National Statistics released the latest economic figures, which revealed that the country’s economy grew by 0.4% in May.
