Business

BP Shares Surge, Then Retreat Amid Shell Acquisition Rumors

Speculation swirls as Shell denies early-stage talks with BP BP shares soared more than 10% on Wednesday following a report by The Wall Street Journal...

Meta Pursued Perplexity Before $14.3B Scale AI Investment

Zuckerberg’s AI push continues as Meta ramps up spending and hiring Meta explored acquiring artificial intelligence startup Perplexity AI before redirecting its focus to a...

Kroger Raises Forecast as Value Focus Drives Sales

Stock jumps 9% after strong earnings and private label growth Kroger shares surged more than 9% on Friday after the grocery giant raised its full-year...

Intel to Cut Factory Jobs Amid Restructuring Push

Up to 20% of factory workforce affected globally starting July Intel plans to lay off as much as 20% of its global factory workforce starting...

Eli Lilly Acquires Verve in $1.3 Billion Gene Therapy Deal

Pharma giant targets cholesterol treatments beyond diabetes drugs Eli Lilly announced Tuesday that it will acquire gene-editing firm Verve Therapeutics in a deal valued at...

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