Alcoa Names a New CEO, and Shares Drop
Alcoa shares tumbled after the aluminum producer announced EVP and COO William Oplinger has taken over as CEO, replacing Roy Harvey, who held the post since Alcoa split into two independent companies in 2016.
Novo Nordisk and Valo Health to Use AI to Develop Treatments for Cardiometabolic Diseases
Denmark’s Novo Nordisk struck a deal with U.S.-based health tech firm Valo Health to use AI to discover and develop treatments for cardiometabolic diseases such as heart attack, stroke, and diabetes.
Netflix Loses Broadcom Patent Lawsuit In Germany
A German court ruled that Netflix is infringing on a Broadcom patent in the country and has ordered the company to stop streaming video in the country using Broadcom's technology.
High Oil Prices May Not Cause A Recession and May Not Last Long Say Analysts
Higher oil prices likely won't cause consumer spending and gross domestic product (GDP) to decline, Goldman Sachs analysts said in a research note, and not all analysts expect oil prices to remain high.