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Massive AT&T data breach exposes ‘nearly all' customers – here's what you need to know
New York Post· 2024-07-12 13:07
AT&T revealed Friday that a cyberattack breached the data of “nearly all” of its cellular customers and downloaded it to a third-party cloud platform.The telecom giant has “taken steps” to close off the illegal access point and is working with law enforcement to track down the hackers. At least one person has already been apprehended, AT&T said. “At this time, we do not believe that the data is publicly available,” AT&T said in a statement.The company first learned in April that a cyberattack breached the d ...
Pfizer moves forward with once-daily weight-loss pill to compete with Wegovy
New York Post· 2024-07-11 23:33
Pfizer plans to move a reworked, once-a-day version of its weight-loss pill danuglipron into clinical trials later this year, the company said on Thursday, after scrapping a twice-daily version of the drug late last year.The new drug is part of the second generation of weight-loss pills under development by companies including Eli Lillyand Novo Nordisk that will offer patients a more convenient alternative to injections.Some analysts expect the weight-loss drug market, currently dominated by Novo Nordisk’s ...
Dimon in the rough? The race to succeed JPMorgan's legendary CEO widens
New York Post· 2024-07-11 18:27
The race at JPMorgan to replace CEO Jamie Dimon is on full throttle – even if the mega-bank is doing a great job keeping a lid on the contretemps from leaking to the press. The legendary financier recently shocked the banking world when he said he would step down sooner than his original time frame of five years – maybe two or three years when he’s 70 years of age or so.I say “shocked” because Dimon is still at the top of his game, keeping JPMorgan largely scandal-free and holding the distinction as maybe t ...
Apple lets rivals use tap-and-go payments but still faces multiple EU antitrust probes
New York Post· 2024-07-11 17:41
Apple will open its tap-and-go mobile payments system to rivals, EU antitrust regulator said on Thursday, even as its chief Margrethe Vestager said the iPhone maker has yet to change its business practices to comply with landmark tech rules.The company faces three investigations under the Digital Markets Act, which requires Big Tech to ensure a level playing field for rivals and give users more choice.Vestager last month said its App Store rules breached the DMA and also kicked off a probe into new contract ...
Tesla shares tumble on report highly anticipated Robotaxi launch will be delayed
New York Post· 2024-07-11 16:40
Tesla is delaying the launch of Robotaxi to October from August, Bloomberg News reported Thursday, citing people familiar with the decision.The Elon Musk-led automaker’s shares fell more than 5% on the news.Shares of Elon Musk’s Tesla fell more than 5% on Thursday. SYSPEO/SIPA/ShutterstockTo combat a slowdown in EV sales, the company has shifted focus over the past few months to its artificial-intelligence efforts such as its Robotaxi and Optimus humanoid robot. REUTERSTo combat a slowdown in EV sales, whic ...
Citigroup protesters blockading NYC headquarters claim they were shoved by one of bank's top lawyers
New York Post· 2024-07-09 19:01
Protesters who have been blockading the entrance of Citigroup’s New York City headquarters for more than a month claim they were shoved by one of the banking giant’s top lawyers in a violent scuffle caught on video — but the bank denies any wrongdoing by any of its employees.Shocking footage of the incident obtained by The Post, which has also been circulating in edited form on Instagram, shows a man in a blue, button-down dress shirt and jeans pushing against a line of protesters who are holding what looks ...
Tesla, shareholder clash over $7B legal fee request in Elon Musk pay case
New York Post· 2024-07-08 20:53
Legal teams for Tesla and a shareholder clashed in court on Monday over the value of a lawsuit that successfully challenged CEO Elon Musk’s enormous pay package and a request for the company to pay a record legal fee worth $7 billion.For more than three hours, two experts offered opposing testimony about the benefit created for Tesla by a Delaware judge’s January ruling that rescinded Musk’s $56-billion pay package.The legal fee is being pursued by Richard Tornetta, who owned nine shares of Tesla when he su ...
Tesla shares surge as second-quarter deliveries beat Wall Street expectations
New York Post· 2024-07-02 15:42
Tesla shares surged nearly 10% Tuesday after billionaire Elon Musk’s firm reported better-than-expected vehicle delivery numbers in the second quarter.The company delivered a total of 443,956 cars — a figure that marked a 4.8% decline from the same period one year ago. However, deliveries were still better than the consensus estimate of 439,000, according to FactSet data.Tesla’s flagship Model 3 Sedan and Model Y SUV comprised the overwhelmingly bulk of deliveries. 3 Tesla recently issued a pair of recal ...
Meta charged with violating Europe's landmark tech competition law, faces billions in fines
New York Post· 2024-07-01 16:08
Meta was charged Monday with violating Europe’s sweeping tech competition law by forcing customers into a restrictive “pay or consent” model for ads on Instagram and Facebook — escalating a longstanding beef over user privacy.Billionaire Mark Zuckerberg’s firm rankled regulators by rolling out a subscription service last year in which users could pay the equivalent of $14 per month for an ad-free experience on the apps – or consent to Meta using their personal data for targeted ads.If Meta is confirmed to h ...
Nike plans $100-and-less shoe line after shares plummet following sales slump prediction
New York Post· 2024-06-28 19:55
Nike will start selling some sneakers that are priced at under $100 after its dismal sales forecast sent shares plummeting, the sportwear giant said Friday.The company rolled the new plan to boost its bottom line after telling analysts that fiscal year 2025 sales will likely to decline during its quarterly earnings report Thursday.The forecast for a surprise drop in annual sales by mid-single digits amplified investor concerns about the pace of Nike’s efforts to stem market share losses to upstart brands su ...