Tesla EV Battery Supplier Panasonic Boosts Production By 10% At Nevada Factory ![]() The stock is worth $1.48 billion based on Mobileye's June 5 closing of $43.56.įollowing the sale, Intel will retain about an 88% stake in Mobileye, which it bought in 2018 for $15.3 billion. ![]() Intel Corp (NASDAQ: INTC) subsidiary Intel Overseas Funding Corp prepared to offload 35 million shares of Mobileye Global Inc (NASDAQ: MBLY) Monday. Intel To Offload Mobileye Stake Worth $1.5B, Retain 88% Post Sale TSMC reaffirmed a low- to mid-single-digit revenue decline in 2023 - about in line with estimates amid the global tech slump and uncertainty over the revival of China's economy. TSMC reaffirmed projections for revenue in the first half of 2023 to decline by about 10% in U.S. Taiwan Semiconductor Manufacturing Company Ltd (NYSE: TSM) cut its 2023 capital expenditure outlook to closer to the bottom end of the previously forecast $32 billion - $36 billion range. TSMC Reduces 2023 Capex Outlook, Foresees Substantial Growth Starting 2024 In an interview, Dubovsky emphasized the effectiveness of the XBB.1.5-targeting vaccine, asserting that it offers a solid approach while protecting related variants like XBB.2.3, which are becoming more prevalent. Novavax's protein-based vaccines, although slower to manufacture than the mRNA-based vaccines developed by Moderna Inc (NASDAQ: MRNA) and Pfizer Inc (NYSE: PFE)/ BioNTech SE (NASDAQ: BNTX), are promising in targeting the evolving strains. Novavax Inc's (NASDAQ: NVAX) R&D chief Filip Dubovsky expressed confidence that the company's updated COVID-19 vaccine, already in production, will offer protection against the rapidly emerging coronavirus variants prevalent in the U.S. Novavax's New Vaccine Approach Set to Tackle Rising COVID-19 Emerging Variants elections.ĭimon had hinted at possibly serving his country without specifying a role. The comment comes after billionaire hedge fund manager Bill Ackman said last week that Dimon should run for president in the next U.S. JP Morgan Chase & Co (NYSE: JPM) cleared the air about CEO Jamie Dimon's plan to not run for public office amid speculation about his potential political aspirations. JPMorgan CEO Jamie Dimon Running For Presidency? Bank Clarifies He Will Not In connection with this offering, GE is expected to exchange up to 28.75 million GE HealthCare shares for debt held by affiliates of Morgan Stanley under a debt-for-equity exchange. The proceeds from the offering are expected to be about $2 billion. General Electric Co (NYSE: GE) is offering 25 million shares in GE HealthCare Technologies Inc (NASDAQ: GEHC). General Electric Offloads $2B Stake In GE HealthCare Young, age 46, was previously employed at Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL), serving in various roles, most recently as Vice President of Engineering at Google.īefore Google, Young served in multiple roles at Inc (NASDAQ: AMZN). On June 5, 2023, Snap Inc (NYSE: SNAP) appointed Eric Young as Senior Vice President of Engineering. Snap Snaps Up Google's Eric Young To Spearhead Ads Improvement The exchange giant, accused of violating securities laws, saw a sharp decline in trading volume.Īccording to data from CoinGlass, over $300 million of losses were suffered in liquidations over the past 24 hours. ![]() Traders suffered huge losses on Monday when the cryptocurrency market tumbled following the Securities and Exchange Commission's (SEC) lawsuit against Binance. After Binance, SEC Accuses Coinbase Of 'Acting As Unregistered Broker' In LawsuitĪ day after the Securities and Exchange Commission accused Binance (BNB/USD) of deceptive tactics, conflicts of interest, and evasion of law, the regulatory watchdog sued Coinbase Global Inc (NASDAQ: COIN) in federal court in New York on Tuesday, alleging that it broke securities rules in the United States by acting as an unregistered broker.Īccording to the SEC's complaint, since at least 2019, Coinbase has made billions of dollars "unlawfully" facilitating the buying and selling of crypto asset securities, and it intertwines the traditional services of an exchange, broke, and clearing agency without having registered any of those functions with the SEC.īinance Takes Biggest Hit As $300M In Crypto Positions Liquidated In A Single Day
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