Intel Corporation announced plans to separate its global venture capital arm, Intel Capital, into a standalone fund. The new fund will operate independently, allowing it to attract external capital and align with other leading venture firms. Established in 1991, Intel Capital is one of the world’s leading corporate venture investors, managing over $5 billion in … Read more
Apple has big plans for its upcoming 2025 watchOS lineup, including a redesigned Apple Watch SE 3. In his latest Power On newsletter, Bloomberg’s Mark Gurman teased several exciting features coming to the new devices. The Apple Watch SE 3 is expected to get bigger display options, with sizes potentially ranging from 41mm to 45mm. … Read more
H-E-B has taken the top spot in the eighth annual dunnhumby Retailer Preference Index (RPI), a nationwide study of the $1 trillion U.S. grocery market, for the fourth consecutive year. The Texas-based regional supermarket format has dominated the RPI’s top spot due to its long-term customer value proposition. The study found that saving customers money … Read more
The US Food and Drug Administration (FDA) has proposed new nutrition labels for food products that aim to help consumers make healthier choices. The labels, which would be displayed on the front of packaged goods, would provide clear information on sugar, fat, and salt levels, allowing consumers to quickly identify unhealthy options. According to the … Read more
Qinwen Zheng’s loss to Laura Siegemund in the second round of the Australian Open fell short of her expectations, coming just months after a breakout season that included an Olympic gold medal and a runner-up finish at the WTA Finals. The 22-year-old lost to the 36-year-old Siegemund 7-6 (3), 6-3, in a match marked by … Read more
A ceasefire agreement has been reached between Israel and Hamas, paving the way for an end to the devastating 15-month war in Gaza. The deal was brokered by Egypt, Qatar, and the US. Khalil al-Hayya, a top Hamas official, said that the Palestinians will not forget the atrocities committed against them during the conflict. Al-Hayya … Read more
Google’s former HR chief Laszlo Bock warns that JPMorgan’s new fully-in-person work policy is a sign of more companies to follow suit, as CEOs continue to prioritize traditional management over innovation. The move comes after five years since the pandemic first hit, with some companies slowly reneging on their previously flexible policies. Bock notes that … Read more
Eli Lilly (LLY) shares fell 6% on Tuesday after the company updated its revenue guidance for 2024 and 2025. The news affected rival companies in the market for GLP-1 diet drugs, with Novo Nordisk (NVO) down 3.3% and Viking Therapeutics (VKTX) suffering an 8.1% decline. Eli Lilly’s updated forecast indicates that its 2024 revenue is … Read more
The European Space Agency (ESA) and Japan Aerospace Exploration Agency (JAXA) spacecraft BepiColombo recently captured breathtaking high-definition photos of the scorching hot surface of planet Mercury. The spacecraft is on its sixth flyby of the planet, providing scientists with a unique opportunity to study the extreme features of Mercury’s tiny frame. Mercury, the closest planet … Read more
Duke’s thrilling 82-79 win over Notre Dame on Saturday was largely overshadowed by Cooper Flagg’s incredible stat line, which saw him score 42 points. However, what made the game even more remarkable was how Duke let a seemingly insurmountable lead dwindle to just two points before pulling off an epic comeback. The turning point came … Read more