JD.com has become the latest Chinese tech giant to announce plans for a ChatGPT-style product, joining the hype around chatbot technology. Qilai Shen | Bloomberg | Getty Images Chinese consumers bought billions of items during China’s first major online shopping festival after emerging from the pandemic as merchants slashed prices, but analysts say consumer confidence … Read more
President Biden’s acting secretary of labor, Julie Su, was formerly secretary of the California Agency for Labor and Workforce Development, and she has longstanding relationships with labor unions and labor management. ‘State. CNBC has confirmed that it is in current communication with officials from the ILWU union and port management PMA in an effort to … Read more
Golden Globe Awards on display during the unveiling of nominations for the 80th Golden Globe Awards, Beverly Hills, California on December 12, 2022. Michael Tran | AFP | Getty Images And the Golden Globes go to… Dick Clark Productions. The California-based nonprofit announced Monday that it and asset management firm Eldridge have acquired all Golden … Read more
The FDA’s independent advisers will make a recommendation on whether Eisai and Biogen’s Alzheimer’s disease treatment, Leqembi, should receive full approval. The FDA will issue a final decision on Leqembi on July 6. Medicare has promised to provide ample coverage for Leqembi, which costs $26,500 a year, if the FDA grants full approval for the … Read more
A viral TikTok challenge began in 2021 and spurred a rise in Hyundai and Kia car thefts. New York accused the two companies of enabling “this spiraling epidemic” of car thefts. Shares of South Korea’s biggest automakers fell on Wednesday. Hyundai Motors fell more than 2% while Kia Corp fell more than 5%. Hyundai Motor … Read more
West Coast ports have seen several supply chain issues arise amid ongoing labor issues. Union Pacific has now halted rail shipments from Denver to ports in Los Angeles because union workers specializing in rail shipments are not arriving at labor lobbies. The Port of Los Angeles is the nation’s busiest port, handling $440 billion in … Read more
The PGA Tour has agreed to merge with Saudi-backed rival LIV Golf in a deal that would see the competitors crush ongoing litigation and move forward as a bigger golf business big. The two entities signed an agreement that would combine the business activities and rights of the PGA Tour and LIV Golf into a … Read more
The automotive and logistics sectors are among the most heavily invested in automation in the US economy. But there’s still room for robotics in a host of other industries. Jeff Burnstein, automation industry guru and president of the Association for Advancing Automation, discusses how automation could be applied to agriculture, food processing, and healthcare. A … Read more
The United States Food and Drug Administration has authorized Qilu Pharmaceutical to ship cisplatin to the United States to alleviate a nationwide shortage of cancer drugs. The drug maker cisplatin injections are manufactured and marketed in China. Cisplatin is widely used in chemotherapy to treat testicular, lung, bladder, cervix and ovarian cancers. The FDA said … Read more
Buy Buy Baby is attracting interest from at least two bidders as its parent company Bed Bath & Beyond struggles to auction its assets and maintain some form of its business, CNBC has learned. An unknown bidder is interested in buying the baby gear retailer as a going concern and keeping about 75% of its … Read more
