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Waymo opens robotaxi service to 'select riders' in Houston, Dallas, San Antonio and Orlando
CNBC· 2026-02-24 14:00
Alphabet-owned Waymo on Tuesday opened its robotaxi service to some public passengers in Dallas, Houston, San Antonio and Orlando, the company announced. With the multi-city expansion, Waymo is now operating its service in 10 U.S. cities, extending its lead in the North American driverless ride-hailing market. The Google sister company is aiming to lock in loyal riders and win over skeptics, including six in 10 U.S. drivers who said they were fearful of driverless cars, according to a 2025 survey by the Ame ...
Google to build data center in Minnesota with new solar, wind power and battery storage
CNBC· 2026-02-24 14:00
Alphabet's Google will build its first data center in Minnesota and deploy a significant amount of new renewable energy in the state under an agreement with utility Xcel, the companies announced Tuesday. The data center will be located on a 480-acre site at Pine Island, a town of about 4,000 people some 70 miles southeast of Minneapolis. Google had not publicly disclosed its role in the project previously. The facility will be used for artificial intelligence applications as well as Google's broader cloud b ...
Novo Nordisk to slash GLP-1 list prices by up to 50% in U.S. to cut costs for insured patients
CNBC· 2026-02-24 13:54
Novo Nordisk on Tuesday said it plans to slash the monthly list prices of its popular obesity and diabetes drugs in the U.S. by up to 50% starting in 2027, in a bid to make the treatments more accessible to patients with insurance coverage. The obesity injection Wegovy, its new pill counterpart, the diabetes shot Ozempic and the oral diabetes drug Rybelsus will have a new lower list price of $675 per month starting on Jan. 1, 2027. The Wegovy medicines both currently have list prices of around $1,350 per mo ...
Warner Bros. Discovery says Paramount makes higher bid, board will weigh offer against Netflix deal
CNBC· 2026-02-24 13:32
Core Viewpoint - Warner Bros. Discovery (WBD) is reviewing a higher takeover offer from Paramount Skydance while maintaining its existing agreement with Netflix [1][2][3] Group 1: Takeover Offer - Paramount Skydance has submitted a revised proposal to acquire WBD, which is currently under review by WBD with the assistance of financial and legal advisors [3] - WBD had previously announced plans to re-engage in deal talks with Paramount under a seven-day waiver from Netflix [2] Group 2: Existing Agreements - WBD has an agreement with Netflix to sell its legacy media group's studio and streaming businesses, which remains in effect despite the new proposal from Paramount [2][3] - The WBD Board continues to recommend the Netflix transaction to shareholders, advising them not to take any action regarding the amended Paramount Skydance tender offer at this time [3]
Meta-AMD chip deal, Wall Street's AI angst, Trump's State of the Union and more in Morning Squawk
CNBC· 2026-02-24 13:26
In this articleDIACOINLLYNVOZSMETAAMDNVDAThis is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Happy Tuesday. I found yesterday's snowfall to be quite idyllic, granted I didn't actually step foot outside until it had stopped (don't repeat that to my many colleagues who found themselves on shoveling duty).S&P 500 futures are little changed this morning following a losing day.Here are five key things investors need to know to start the trading day:1. Manic MondayTra ...
Fed's Goolsbee calls for a hold on cuts as current rate of inflation is 'not good enough'
CNBC· 2026-02-24 13:00
Austan Goolsbee, President and CEO of the Federal Reserve Bank of Chicago, speaks to the Economic Club of New York in New York City, U.S., April 10, 2025.Chicago Federal Reserve President Austan Goolsbee said Tuesday that interest rate cuts aren't appropriate until there's more evidence that inflation is on its way down.With recent indicators showing that inflation well off its highs but still above the Fed's 2% target, Goolsbee noted that policymakers "have been burned by assuming transitory inflation" in ...
Nvidia earnings report collides with Wall Street skepticism over AI spending
CNBC· 2026-02-24 13:00
In this articleNVDAJensen Huang, president and CEO of Nvidia, attends the 56th annual World Economic Forum meeting in Davos, Switzerland, Jan. 21, 2026.Denis Balibouse | ReutersIt's been a tough start to the year for technology investors. Shares of seven of the eight trillion-dollar tech companies have notched losses so far.The lone exception is Nvidia. The chipmaker's stock is up 2.7% in 2026 as of Monday's close, while the Nasdaq has dropped more than 2.5%. Microsoft, Amazon and Tesla have all seen double ...
Trump to deliver State of the Union address as voters sour on his economy
CNBC· 2026-02-24 12:30
Economic Concerns - President Trump is facing declining approval ratings regarding the economy, with 57% of voters disapproving of his handling of economic issues [6][7] - High prices for everyday goods are a significant concern for voters, impacting Trump's second term [4][6] - A CNN/SSRS poll indicates that 57% of respondents want Trump to focus on the economy during his State of the Union address, while only 13% prioritize immigration [5] Political Context - The upcoming midterm elections pose a threat to Trump's control in Washington, with Democrats currently holding a 4.8-point lead in the generic congressional ballot [3][6] - Trump's economic policies, including tax cuts and efforts to lower prescription drug prices, are central to his address [7][8] Responses from Democrats - Democratic Governor Abigail Spanberger will deliver the official rebuttal, focusing on affordability and the administration's immigration policies [9][10] - Some Democrats plan to boycott Trump's speech in favor of an alternative event, criticizing his administration's actions as corrupt [12][13]
Automakers could start raising prices this year to offset tariffs, dealership executive says
CNBC· 2026-02-24 12:00
In this article7203.T-JPSAHGMTariff costs are becoming unsustainable for automakers, the president of one of the largest public dealership groups said last week. Like many in the auto industry, Sonic Automotive is warning that sooner or later, prices will rise or automakers will start cutting features to stabilize costs. "The tariffs are too high on some of these brands, and they're going to pass pricing on," Sonic Automotive president Jeff Dyke said on the company's fourth-quarter earnings call on Wednesda ...
Meta strikes AI chip deal with AMD days after committing to deploy millions of Nvidia GPUs
CNBC· 2026-02-24 12:00
Lisa Su, chair and chief executive officer of Advanced Micro Devices Inc., displays an AMD Instinct MI455X GPU during the 2026 CES event in Las Vegas, Jan. 5, 2026.A week after Meta committed to using millions of Nvidia's processors to power its AI expansion, the social media company has inked another mammoth chip deal, this time with Advanced Micro Devices.Meta said on Tuesday that the multiyear deal with AMD involves deploying up to 6 gigawatts of the company's graphics processing units for AI data center ...