Attendees arrived to their “luxury accommodation” of domed tents at the infamous Fyre Festival.Source: Seth CrossnoLimeWire, the filesharing service that set the internet ablaze in the 2000s before being shut down for copyright infringement, said Tuesday that is acquiring the rights to Fyre Festival.And it appreciates the irony.”LimeWire Acquires Fyre Festival Brand — What Could Possibly Go Wrong?” the company titled its news release.LimeWire said it would “unveil a reimagined vision for Fyre — one that expands beyond the digital realm and taps into real-world experiences, community, and surprise.” The company offered no additional details about how the Fyre brand will…
Author: usaeverydaylife
OpenAI CEO Sam Altman walks on the day of a meeting of the White House Task Force on Artificial Intelligence (AI) Education in the East Room at the White House in Washington, D.C., U.S., September 4, 2025. Brian Snyder | ReutersOpenAI on Tuesday announced it will launch a dedicated ChatGPT experience with parental controls for users under 18 years old as the artificial intelligence company works to enhance safety protections for teenagers.When OpenAI identifies that a user is a minor, they will automatically be directed to an age-appropriate ChatGPT experience that blocks graphic and sexual content and can involve law…
The logos of Danish drugmaker Novo Nordisk, maker of the blockbuster diabetes and weight-loss treatments Ozempic and Wegovy is seen outside theri building as the company presents the annual report at Novo Nordisk in Bagsvaerd, Denmark, on February 5, 2025. Mads Claus Rasmussen | Afp | Getty ImagesNovo Nordisk on Wednesday flagged promising late-stage trial results for its new Cagrilinitide obesity treatment, as the Danish pharmaceutical giant seeks a next-generation alternative to its blockbuster Wegovy weight-loss drug.Early analysis from a phase 3 REDEFINE 1 trial showed the once-weekly Cagrilintide monotherapy injection helped patients reduce their weight by 11.8% on average…
Webtoon Entertainment Inc. signage during the initial public offering event outside the Nasdaq MarketSite in New York, US, on Thursday, June 27, 2024. Michael Nagle | Bloomberg | Getty ImagesWebtoon Entertainment shares surged on Tuesday after signing a deal to create a digital comic platform for Disney, and agreeing to sell the media conglomerate a 2% equity stake. Webtoon briefly jumped more than 36% in early trading, reaching a new 52-week high and on track for its second-largest one-day advance since going public last year.Stock Chart IconStock chart iconWebtoon Entertainment, 1-dayDisney and Webtoon agreed Monday to create a digital platform…
Eli Lilly Biotechnology Center is shown in San Diego, California, March 1, 2023.Mike Blake | ReutersEli Lilly on Tuesday said it will spend $5 billion to build a manufacturing facility in Goochland County, Virginia, to boost production capacity for targeted cancer drugs and other treatments — the first in a string of new planned U.S. investments by the drugmaker. The company announced in February that it would spend at least $27 billion to build four new domestic manufacturing plants, adding to $23 billion in previous investments since 2020. Eli Lilly said it will announce the three remaining U.S. sites this year…
U.S. Treasury Secretary Scott Bessent has said President Donald Trump’s suggestion of companies reporting on a semiannual basis would be good news for investors.Trump proposed scrapping quarterly earnings reports in a Truth Social post on Monday, saying it would allow company executives to focus on long-term goals rather than fixate on short-term metrics.”President Trump realizes that whether it’s the U.K., [or] it is the U.S., our public markets are atrophying, and this might be one way to bring back and cut costs for public companies without harming investors,” Bessent told CNBC in London Tuesday. U.S. Treasury Secretary Scott Bessent at…
Tom Werner | Digitalvision | Getty ImagesWorkers are “hugging” — or, clinging to — their jobs right now.But there’s a right and wrong way to “hug” your work — and doing it poorly could be costly, according to career experts and labor economists.”I don’t think job hugging is the move,” said Mandi Woodruff-Santos, a career coach.Why people are job huggingThe “quits” rate — which measures the pace of voluntary separations from employment — has sat at 2% in recent months, its lowest sustained level since 2016.About 52% of new hires had changed jobs just once in the past two years,…
Here are Tuesday’s biggest calls on Wall Street: Bernstein initiates Apple as outperform Bernstein said in its initiation of the tech giant that its bullish on the stock. “We are positive on Apple to continue to drive strong EPS growth from its expansion of its user base and share buybacks but note significant risks ahead, notably in AI and in new devices. That said, one of the key risks – the Google DOJ remedies – has reached a resolution favorable to Apple, eliminating an overhang and potentially clearing a path for partnerships in AI.” Wolfe initiates Allstate as outperform Wolfe…
The framework agreement for the social media platform TikTok will include new investors as well as existing investors in the platform’s Chinese parent company ByteDance, sources told CNBC’s David Faber.The deal is expected to close in the next 30 to 45 days, according to the sources, who asked not to be named because the details of the negotiations are confidential. As part of the agreement, Oracle will keep its cloud deal with the platform, the people said.”Where this thing is capitalized and how large it is remains to be seen,” Faber said during CNBC’s “Squawk on the Street” on Tuesday.…
Palestinians watch as the Al-Ghafri tower collapses amid heavy smoke during an Israeli strike in the Rimal neighborhood of Gaza City, on Sept. 15, 2025. Nurphoto | Nurphoto | Getty ImagesNearly two years into its retaliatory military offensive in the Gaza Strip, Israel said it has launched a long-studied ground assault on Gaza City.”IDF troops have begun expanding ground operations in Gaza City as part of Operation Gideon’s Chariots II,” the Israeli Defense Forces said Tuesday on social media.”Gaza is burning,” Israeli Defense Minister Israel Katz had said earlier in the day, in a separate Google-translated update. “We will not…
