President and CEO of Frontier Airlines, Barry Biffle attends The Future of Everything presented by the Wall Street Journal at Spring Studios on May 17, 2022, in New York City.Frontier Airlines CEO Barry Biffle fired back at his counterpart at United Airlines who said the deep discount model in the U.S. is dead."That's cute," Biffle said Wednesday at the Skift Global Forum, a travel conference in New York. "If he's good at math he would understand that we have a [flight] oversupply issue in the United States ...

Shares of Workday popped 9% on Wednesday after activist investor Elliott Investment Management announced a $2 billion stake in the company.Workday announced a multi-year plan to enhance its operating model and capital allocation framework on Tuesday, and Elliott said it believes the plan will drive "substantial long-term value creation.""We believe CEO Carl Eschenbach, CFO Zane Rowe and the entire Workday team have made substantial progress in recent years, positioning Workday as a unique software franchise ...

A California Border Patrol officer directs a Mobile Vehicle and Cargo Inspection Systems (VACIS) truck to x-ray the contents of a cargo container at the Los Angeles/Long Beach Seaport Centralized Examination Station in Carson on Feb. 3, 2022.Tim Robertson, CEO for DHL Global Forwarding, tells CNBC this is the most atypical peak shipping season he has ever seen.Traditionally, retailers order their remaining holiday goods for a late August/September arrival before manufacturing plants close to celebrate Octob ...

Packages ride on a conveyor belt during Cyber Monday, one of the company's busiest days at an Amazon fulfillment center on December 2, 2024 in Orlando, Florida.Amazon on Wednesday introduced an artificial intelligence agent that will help third-party merchants operate their online businesses.The company is adding agentic capabilities to Seller Assistant, its AI tool for third-party sellers, meaning the software can take action on a merchant's behalf with their permission, Amazon said. The update was announc ...

Group 1 - Waymo has partnered with Lyft to launch its robotaxi service in Nashville, marking the first commercial deal between the two companies [1][2] - Riders in Nashville will be able to hail Waymo robotaxis through the Waymo One app, while Lyft will integrate Waymo's robotaxis into its platform over time [2] - Waymo has established a significant presence in the U.S. robotaxi market, surpassing 10 million paid trips and planning to expand operations to several new cities including Miami and Washington, D.C. [3] Group 2 - In international markets, Waymo faces competition from Baidu's Apollo Go service, which has announced partnerships to deploy driverless taxis in Europe and other regions [4] - Lyft has previously collaborated with Waymo on a pilot program in Phoenix and is currently testing with May Mobility in Atlanta [5] - Lyft is under pressure to compete with Uber, which has a market cap exceeding $200 billion, significantly overshadowing Lyft's valuation [5]

Core Viewpoint - Eli Lilly's experimental pill, orforglipron, has shown superior results in lowering blood sugar levels and promoting weight loss compared to Novo Nordisk's oral semaglutide in a head-to-head study for Type 2 diabetes patients [3][4][5]. Company Summary - Eli Lilly's orforglipron achieved a 2.2% reduction in hemoglobin A1c levels at 52 weeks, outperforming Novo Nordisk's 1.4% reduction [3]. - The highest dose of orforglipron resulted in an average weight loss of 9.2% (19.7 pounds), compared to 5.3% (11 pounds) with Novo Nordisk's pill [4]. - Eli Lilly plans to apply for approval of orforglipron for Type 2 diabetes treatment in 2026 and aims for a global launch by next year [6]. Industry Summary - The GLP-1 market is projected to be worth around $100 billion by the 2030s, with oral GLP-1s potentially accounting for $50 billion of that total [7]. - There is a growing demand for more convenient treatment options to address supply shortages and access issues associated with current injectable medications [7].

Core Insights - Nvidia CEO Jensen Huang expressed disappointment over China's reported ban on Nvidia's AI semiconductors, including the H20 chip, which affects major companies like ByteDance and Alibaba [2] - Huang indicated that Nvidia's contributions to the Chinese market have been significant, but geopolitical tensions between the U.S. and China are influencing the company's operations [2][6] - Nvidia has advised financial analysts to exclude China from their forecasts due to the uncertainty stemming from U.S.-China discussions [2][3] Company Developments - The U.S. government previously imposed restrictions on Nvidia's AI chip exports to China, citing national security concerns, which included the H20 chip [2][3] - A deal was struck between President Trump and Huang in August, allowing Nvidia to receive export licenses in exchange for 15% of H20 sales in China going to the U.S. government [3] - Nvidia is currently facing an anti-monopoly investigation in China regarding its acquisition of Mellanox, a company specializing in network solutions [4] Investment and Market Importance - Nvidia announced a £11 billion ($15 billion) investment in U.K. AI infrastructure, alongside other U.S. tech giants making similar multibillion-dollar investments [5] - Despite the geopolitical challenges, Huang emphasized the importance of the Chinese AI sector, describing it as large and vibrant, and reaffirmed Nvidia's commitment to support both the Chinese government and U.S. government [5][6]

U.S. House Speaker Mike Johnson (R-LA) speaks with reporters outside his office in the U.S. Capitol in Washington, D.C., U.S., Sept. 11, 2025.Republican House Speaker Mike Johnson called China an "adversary" of the U.S. on Wednesday after a report that the country has told tech companies to stop buying Nvidia's artificial intelligence chips.The Cyberspace Administration of China ordered companies to halt purchases of Nvidia's RTX Pro 6000D, a chip that was made for the country, the FT reported, citing peopl ...

(L-R) Ben Cohen and Jerry Greenfield, co-founders of Ben & Jerry’s, partnered with MoveOn to hand out free ice cream at Franklin Square in Philadelphia during their Scoop The Vote tour to get-out-the-vote for Vice President Kamala Harris and Democrats down the ballot on September 16, 2024 in Philadelphia, Pennsylvania.Ben & Jerry's co-founder Jerry Greenfield has stepped down from the ice cream maker after nearly 50 years amid an ongoing row with parent company Unilever.In an open letter shared on Wednesday ...

Core Insights - Alibaba's shares increased following reports that it secured a significant customer for its AI chips, specifically China Unicom [1][2] - China Unicom will utilize Alibaba's AI accelerators as part of a new data center project, which will also incorporate chips from other domestic companies [3] - The partnership highlights China's push to enhance the use of domestic semiconductors for AI amid uncertainties regarding Nvidia's access to the Chinese market [3][4] Company Developments - Alibaba's computing power will be integrated into China Unicom's new data center project, which is located in Qinghai province [3][5] - The collaboration was revealed through a CCTV report showcasing a billboard related to China Unicom's Sanjiangyuan data center [5] - Alibaba is recognized as a leading player in AI and cloud computing in China, with ongoing development of its own AI models and new AI chips [4]