23andMe Founder and Board Member Anne Wojcicki speaks during a House Committee on Oversight and Government Reform hearing on June 10, 2025 in Washington, DC. Andrew Harnik | Getty ImagesAnne Wojcicki, the co-founder and former CEO of 23andMe, has regained control over the embattled genetic testing company after her new nonprofit, TTAM Research Institute, out bid Regeneron Pharmaceuticals, the company announced on Friday. TTAM will acquire substantially all of 23andMe’s assets for $305 million, including its Personal Genome Service and Research Services business lines as well as telehealth subsidiary Lemonaid Health. It’s a big win for Wojcicki, who stepped down from…
Author: usaeverydaylife
Speaker of the House Mike Johnson, R-La., pictured at a press conference after the House narrowly passed a bill forwarding President Donald Trump’s agenda on May 22 in Washington, DC.Kevin Dietsch | Getty ImagesHouse reconciliation legislation, also known as the One Big Beautiful Bill Act, includes changes Republican legislators said will boost families’ finances.Those proposals include $1,000 investment “Trump accounts” for newborns and an enhanced maximum $2,500 child tax credit for eligible parents.Proposed tax cuts in the bill may also provide up to $13,300 more in take-home pay for the average family with two children, House Republicans estimated.”What we’re trying…
The survivor of the Air India Flight 171 crash Thursday revealed he miraculously survived by escaping through a broken emergency exit.There were 242 people on board the Boeing 787-8 Dreamliner, bound for London, that crashed shortly after takeoff in the western Indian city of Ahmedabad, smashing in a fiery blast into a medical college hostel, killing and injuring more people on the ground.The plane crashed into a hostel for the B.J. Medical College and Civil Hospital (BJMC). As a result, four students at BJMC died, six relatives of resident doctors died and 24 are undergoing treatment, the Federation of All India Medical Associations…
Oracle CEO Safra Catz speaks at the FII PRIORITY Summit in Miami Beach, Florida, on Feb. 20, 2025.Joe Raedle | Getty ImagesOracle shares enjoyed their best week since 2001 as Wall Street cheered a strong earnings report and bullish comments on the company’s prospects in cloud computing.The stock jumped about 24% for the week, with almost all the gains coming in the two trading days after the company’s quarterly earnings release. The last time Oracle had a better week was in April 2001, in the midst of the dot-com crash, when so-called dead-cat bounces were common. The prior quarter Oracle…
The Israel-Iran conflict will continue to hang over the stock market next week, as investors wait and see whether there will be an escalation in the region. Traders will also be awaiting the latest Federal Reserve meeting. Though the initial stock response to the attack was subdued, equity losses deepened on Friday afternoon. The Dow Jones Industrial Average lost more than 800 points at one point during the session as Iran launched missiles at Israel, according to Tehran and Israel Defense Forces. It closed down more than 750 points. The worsening tensions spurred a return to risk-off sentiment in the…
Commercial traffic including critical global oil trade continues to flow through the Strait of Hormuz after Israel’s attack on Iran, but maritime shipping experts say there will be ongoing risk that safety measures taken by ship owners act as a de facto Strait of Hormuz slow down, if not outright closure.The situation is very tense, according to Jakob Larsen, chief safety & security officer at the Baltic and International Maritime Council, one of the largest international shipping associations, and he said BIMCO is receiving reports that more shipowners are exercising extra caution and are opting to stay away from the…
Global artificial intelligence deals under the Trump administration this year have thrust “sovereign AI” into the limelight, bringing to life a new engine to power the AI investment cycle. While the first major wave of AI was tied to innovation spurred by private sector tech companies, Wall Street is now looking for opportunities that are tied to the growth from the public sector. These so-called sovereign AI deals involve a nation’s capabilities to produce and control its own AI infrastructure, data, regulations and networks. The term isn’t new, but analysts and investors are taking notice of the trend given U.S.…
Sometimes the hardest thing for a long-term investor to do is to sit on their hands. With stocks down Friday as investors digest the news of Israeli strikes on Iran , it’s tempting to buy the dip — or bail before things get any worse. Neither option makes sense in this moment. First, a quick recap of all the movers: The major averages are down, but perhaps not as much as one might expect given the fears the airstrikes could start a broader conflict in the Middle East. The Dow shed 1%, while the Nasdaq fell 0.6% and the S…
Caitlin Clark, #22 of the Indiana Fever, brings the ball up court during the first half of a WNBA game against the Chicago Sky at Wintrust Arena in Chicago on Aug. 30, 2024.Melissa Tamez | Icon Sportswire | Getty ImagesThe WNBA and E.W. Scripps announced on Friday a new multiyear media rights agreement to carry Friday night WNBA matchups on Ion.The new agreement also includes the “WNBA on Ion” studio show, the first weekly broadcast show dedicated exclusively to WNBA coverage.The value of the deal was not disclosed, but media reports peg the original deal that expires at the end…
This photo illustration created Jan. 7, 2025, shows an image of Mark Zuckerberg, CEO of Meta, and an image of the Meta logo.Drew Angerer | Afp | Getty ImagesAI generative images of women kissing while mud wrestling and President Donald Trump eating poop are some of the conversations users are unknowingly sharing publicly through Meta’s newly launched AI app. The company rolled out the Meta AI app in April, putting it in direct competition with OpenAI’s ChatGPT. But the tool has recently garnered some negative publicity and sparked privacy concerns over some of the wacky — and personal — prompts being…
