Amazon has announced an investment of up to $4 billion into Anthropic, an emerging AI startup renowned for its innovative Claude chatbot.
AstraZeneca — Shares rose 1.4% after Jefferies upgraded the stock to buy from hold. The upgrade comes after one of its breast cancer therapies, in joint development with Daiichi Sankyo, came out with positive results in a late-stage trial on Friday.
Alcoa— Shares of the aluminum stock slipped 6.1% after the company said executive vice president William Oplinger would succeed Roy Harvey as CEO and president. Oplinger also joined Alcoa’s board of directors, the company added.
Surging prices for soft commodities, from orange juice to live cattle, are complicating the inflation picture.
Pension plans for the largest U.S. companies are at their healthiest in more than a decade — and that’s largely good news for the workers who participate in such plans, said retirement experts.
BEIJING — Europe has launched an investigation into Chinese electric vehicle subsidies, but no assumptions should be made about the probe’s outcome, the head of trade for the European bloc’s executive branch said Tuesday.
Markets fell further on Tuesday as investors grew increasingly fearful about the possibility of another US interest rate hike and the prospect of keeping rates elevated for an extended period to combat persistent inflation.
DETROIT — The most recent contract proposal by automaker Stellantis to the United Auto Workers union could lead to the closure of 18 U.S. facilities, but it could also bring new investments and repurpose an idled vehicle assembly plant in Illinois, sources familiar with the discussions told CNBC.
DETROIT — Ford Motor’s labor troubles could become an international issue that affects U.S. production of some pickup trucks, as Canadian union Unifor and the company have only hours to reach an agreement for roughly 5,600 autoworkers.
DETROIT – Ford Motor avoided having to face labor strikes on both sides of the U.S.-Canada border Tuesday night, as the automaker and Canadian union Unifor announced a tentative deal covering 5,600 autoworkers in the country’s Ontario providence.
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