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Big Tech Wants to Keep Stealing Patents—So It’s Going to War with Big Pharma

Big Tech Wants to Keep Stealing Patents—So It’s Going to War with Big Pharma

Congress wants to reform a quasi-judicial court that Big Tech companies have used to attack their smaller rivals. Those Big…
Baidu’s AI Drives Profit Surge

Baidu’s AI Drives Profit Surge

Chinese search engine giant Baidu reported better-than-expected earnings as its AI-related business continued to grow, offsetting headwinds from a slowing…
JD.com shares rise slightly after announcing $5 billion share buyback

JD.com shares rise slightly after announcing $5 billion share buyback

JD.com has established an Innovative Retail division, which houses its grocery business 7Fresh. Bloomberg | Bloomberg | Getty Images Hong…
Hong Kong market falls despite share buybacks

Hong Kong market falls despite share buybacks

Event: Alibaba’s conversion from secondary listing on the Hong Kong Stock Exchange to a primary listing takes effect. Chilean Foreign…
Lowe’s Joins Tractor Supply, Harley Davidson, and John Deere in Opposing DEI Initiatives

Lowe’s Joins Tractor Supply, Harley Davidson, and John Deere in Opposing DEI Initiatives

Home improvement chain Lowe’s is scaling back its diversity, equity and inclusion policies, joining the ranks of several other companies…
Bavarian Nordic shares continue to rise

Bavarian Nordic shares continue to rise

Shares in Bavarian Nordic jumped after Danish vaccine maker Mpox received new orders and reported earnings that beat expectations.
PARA, LLY, NFLX, HSY and more

PARA, LLY, NFLX, HSY and more

See the companies making headlines in midday trading: Paramount Global — Shares of the media conglomerate fell more than 5%…
Pound hits two-year high as rate cut hopes cool

Pound hits two-year high as rate cut hopes cool

Unlock Digest Editor for free FT Editor Roula Khalaf picks her favourite stories in this weekly newsletter. Sterling hit its…
Elon Musk Backs California AI Safety Bill

Elon Musk Backs California AI Safety Bill

The first effort to codify AI regulations anywhere in the United States just won the backing of an influential voice…
Advance Auto Parts to Sell Worldpac to Carlyle for $1.5 Billion

Advance Auto Parts to Sell Worldpac to Carlyle for $1.5 Billion

Advance Auto Parts has agreed to sell its Worldpac subsidiary to Carlyle Group for $1.5 billion in cash.
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