Larry Ellison’s massive net worth, Huawei’s new smartphone, and the WeWork founder’s crypto bust: Business news roundup
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The artificial intelligence boom has sent some shares and net worths soaring this year, including that of Oracle (ORCL) and its co-founder, Larry Ellison.
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Apple’s AAPL main competition in China has over 3 million preorders for its smartphone as the iPhone maker prepares to unveil its latest model.
Huawei’s tri-fold Mate XT smartphone has received over 3.18 million preorders since September 7, according to its website. The Mate XT will be unveiled at an event on Tuesday, Richard Yu, Huawei executive director, said on Weibo.
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Roche stock slid Monday morning after a conference poster highlighted data regarding the side effects patients experienced during an early-stage trial of its experimental weight loss drug.
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The Boeing Starliner finally plopped down in the New Mexico desert last week after spending three months in orbit. The beleaguered spacecraft suffered technical problems during its rendezvous with the International Space Station. It drastically prolonged the eight-day mission as engineers raced to identify the issue and fix a solution. Despite NASA allowing the Starliner to return, the space agency wasn’t willing to have astronauts Butch Wilmore and Suni Williams for their safety.
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Former WeWork CEO Adam Neumann’s Flowcarbon — a climate tech startup that aimed to put carbon credits on the blockchain — has reportedly started refunding investors after failing to deliver on its promises.
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Airbus (AIR) really wants to achieve dominance in the space industry the way that it has in the commercial airline industry. Bloomberg reports that CEO Guillaume Faury said that its European Union competitors should consider merging to take on SpaceX the way it took on Boeing (BA).
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Ozempic maker Novo Nordisk has an experimental anti-obesity pill with noteworthy early trial results
The pharma giant presented more details of a small trial of its weight loss pill
Besides a huge 25% pay bumpmachinists at Boeing scored another big win in their new union contract. The tentative agreement released by the International Association of Machinists and Aerospace Workers shows that the planemaker has promised its workers a seat at the table regarding safety practices.
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