Bristol Myers Squibb has announced a new goal to slash an additional $2 billion in costs by the end of 2027, just nine months after unveiling a previous plan to cut $1.5 billion in costs. The company’s new “strategic productivity initiative” aims to reduce costs through organizational design changes and operational efficiency enhancements. While the … Read more
US President Donald Trump’s plan to forcibly transfer hundreds of thousands of Palestinians out of the Gaza Strip and develop it as a tourist destination has sent shockwaves through the region. The proposal, which is seen as an attempt to drive Palestinians from their homeland, faces significant obstacles. Many Arab countries, including Egypt and Jordan, … Read more
A dramatic turn of events has halted Sony’s attempt to acquire full control of Wheel of Fortune and Jeopardy! from CBS, as a Los Angeles Superior Court judge issued a temporary restraining order against the media giant. The dispute began in October over a breach of contract dispute regarding CBS’s more than 40-year-old distribution contract … Read more
A seismic swarm has struck the Greek islands, causing hundreds of earthquakes on the Aegean Sea. The phenomenon may last for several days or weeks before diminishing, according to Santorini Mayor Nikos Zorzos. Thousands of residents and seasonal workers have left the Cycladic Islands due to quakes up to magnitude 5 recorded since Friday. Ferry … Read more
Google parent Alphabet announced plans to spend up to $75 billion on capital expenditures this year, mostly on expanding its artificial intelligence infrastructure. This news sent shares of Nvidia and Broadcom surging. Nvidia’s stock rose 4% after Alphabet CEO Sundar Pichai confirmed the company will maintain a “strong relationship” with the chipmaker. The announcement comes … Read more
Scientists have detected the largest black hole-launched jet ever seen in the early universe, stretching out for at least 200,000 light-years and twice as long as our galaxy, the Milky Way. The twin-lobed jet was powered by a relatively small supermassive black hole with a mass of 450 million solar masses. The discovery was made … Read more
NASA is set to launch the Polarimeter to Unify the Corona and Heliosphere (PUNCH) mission on February 27, aboard a SpaceX Falcon 9 rocket. The mission aims to study the Sun’s corona and its connection to the solar wind, which shapes the heliosphere surrounding the solar system. The PUNCH mission combines two major areas of … Read more
Israel is set to release three male hostages, marking the fifth round of prisoner exchanges since a Gaza ceasefire deal began. Seventy-nine hostages remain in Hamas captivity and are expected to be transferred to Israel by Qatari Prime Minister Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani. The latest hostage release comes amid concerns that … Read more
Santorini has been struck by more earthquakes in the past 24 hours, just days after authorities declared a state of emergency on the Greek island. The tourist hotspot has seen thousands of quakes since Sunday, with residents beginning night patrols amid fears of looting and no major damage reported so far. Greek officials have warned … Read more
The US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has fined Brink’s Global Services USA, Inc., an armored car company, $37 million for violating the Bank Secrecy Act (BSA). The BSA is a key law that aims to prevent money laundering in the US financial system. Brink’s failed to register as a money … Read more