Meta and IBM Launch AI Alliance
Meta Platforms and IBM launched a coalition of more than 50 AI companies and research institutions that are pushing a so-called open model of AI, hoping to gain traction in a fast-growing market.
CVS Plans to Overhaul How Much Drugs Cost
The nation’s largest drugstore chain is set to shift to a simpler model that could upend how American pharmacies are paid.
AT&T Drops Nokia for Ericsson in $14 Billion Deal
The telecom giant’s move would replace existing equipment with gear that supports open network standards .
TuSimple Winds Down U.S. Operations as It Looks for Buyer
The self-driving trucking company will continue to operate out of China.
Yellow Rivals Scoop Up Truck Terminals in Bankruptcy Auction
Yellow is set to raise more than $2 billion after a bankruptcy auction that will disperse much of its national network of truck terminals among rivals, casting deeper doubt on a long shot bid to revive the trucker.
Wuxi Biologics Sees Revenue Growing 10% in 2023
Wuxi Biologics has said that its operations remain normal, coming after shares of the Chinese contract drugmaker slid 24% and were halted in the wake of revised guidance.
The Rise of Temu’s Chinese Parent Will Reshape E-Commerce
PDD, the owner of fast-growing Temu, is muscling into the U.S. in a way Alibaba never did.
Tucker Carlson’s Longtime Producer Is Accused of Sexual Assault
In the suit, a former Fox News staffer said Justin Wells forcibly kissed him and grabbed his genitals in late 2008. Wells denies the allegations.
SoftBank Corp. to Invest in Software Provider for Connected Vehicles
The mobile unit of Japanese technology investor SoftBank Group plans to take a 51% equity stake in Cubic Telecom.
Activist investor Jana calls for possible sale, review at Frontier Communications
Activist investor Jana Partners on Monday called Frontier Communications Parent Inc. to explore a possible sale and conduct an strategic review in order to reverse its “poor” stock performance.
Source: Dow Jones Newswires