The Echoes of 2007 Are Starting to Become Louder: Credit Weekly
Massive leveraged buyouts. An ever-growing pile of risky debt. Early signs that subprime consumers are falling behind. It…
Bristol to Sell 80% Off Psoriasis Pill After Trump Demand
Bristol Myers Squibb Co. will sell its pill for psoriasis directly to cash-paying patients at a more than…
VCs Are Scrambling for a Piece of AI Darlings Like Anthropic, Cursor, Cognition
Raising venture capital money has been a breeze for Decagon AI Inc., a two-year-old startup developing artificial intelligence…
Nintendo’s Switch 2 Sales Boom Fails to Ease Game Developers’ Gloom
Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg’s journalists around the…
Nvidia to Invest $100 Billion in OpenAI for Data Centers
Nvidia Corp. will invest as much as $100 billion in OpenAI to support the building of new data…
Arnault Says French Wealth Tax Advocate Seeks to Destroy Economy
Bernard Arnault has waded into an ongoing debate on how to restore France’s finances, calling an economist who…
Why Germany’s €500 Billion Infrastructure Fund Risks Falling Short
In September 2024, a railway bridge in Dresden spectacularly collapsed into the Elbe River, highlighting Germany’s desperate need…
Does Online Ketamine Therapy Work? Safety Questions About Mental Health Trend
At first glance, it seems no substance better assuages the anxieties of our accelerationist era than ketamine. The…
AI Deals: Saudi Arabia Eyes Artificial Intelligence Partnership With PE Firms
Saudi Arabia’s new artificial intelligence company, Humain, is in early-stage talks with global private equity firms on a…
Arctic Icebreaker Ships Are in High Demand as Nations Vie for Power
At a shipyard in Finland last month, workers cut the first steel for a new icebreaker ship. Over…
Memorial Sloan Kettering to Cut Hundreds of Jobs as Costs Surge
Memorial Sloan Kettering Cancer Center is planning to cut less than 2% of its workforce as it faces…
Duolingo Faces AI Risks as Investors Reconsider Its Pricey Multiple
Duolingo Inc. is facing risks from multiple angles as investors reassess the impact of artificial intelligence on the…