Shares of Viking Therapeutics surged nearly 30% following the announcement that their experimental weight loss injection, VK2735, is advancing to a late-stage trial. This San Diego-based biotech company is poised to compete in the lucrative GLP-1 market, projected to reach $150 billion…
Stocks on Wall Street have taken a dip on Thursday as concerns about persistent high inflation and rising interest rates persist. The S&P 500 index was down 0.6% following a report that showed inflation at the wholesale level was lower than expected,…
On Friday, a massive number of flights to and from German airports were cancelled as workers went on strike to demand pay increases that keep pace with inflation. The labour action, which took place at seven major airports, including Frankfurt, Munich, and…
Instagram users faced a surprising notification on Wednesday as certain photos were permanently deleted from the app’s Stories archives. The issue, caused by a technical bug, left affected users with a message stating, “This story is no longer available.” Meta, the parent…
In a historic shift, Southwest Airlines is ending its open seating model and will start offering extra legroom seats to increase revenue and cater to evolving customer preferences. This marks the biggest change in the airline’s 53-year history. The End of Open…
In the coming months, Meta, the company that owns Facebook and Instagram, is launching a new subscription service offering users verified accounts. Beginning this week, testing for the “Meta Verified” service will take place in Australia and New Zealand before expanding to…
The US Justice Department has launched a lawsuit against TikTok, accusing the popular social media platform of violating children’s privacy laws. The lawsuit alleges that TikTok, along with its parent company ByteDance, has failed to prevent children from joining the app and…
Shares of Ford Motor took a significant hit, leading to the company’s worst day since 2008. The automotive giant’s performance sent shockwaves through the industry, impacting other major U.S. automotive stocks. A Tough Day for Ford Ford’s shares plummeted 18.4%, closing at…
Walmart reported impressive sales during the holiday season as cost-conscious consumers sought better deals on groceries and other items. Despite a general decrease in overall spending during the November-December shopping period, sales rebounded last month, indicating that shoppers were still spending despite…
In recent days, the United Kingdom has been rocked by violent anti-immigration riots, with social media playing a significant role in escalating tensions. Central to this digital agitation is Elon Musk, CEO of Tesla and owner of the platform X (formerly known…