Wegovy-maker Novo Nordisk will cut 9,000 jobs, or about 11.5% of its workforce, in a restructuring to save $1.26 billion annually, it said on Wednesday, as it battles rising pressure from US rival Eli Lilly“Novo Nordisk today announced a company-wide transformation to simplify its organization, improve the speed of decision-making, and reallocate resources towards the company’s growth opportunities in diabetes and obesity,” it said in a statement.The company, which is also known for its Ozempic diabetes tre ...

Core Viewpoint - Meta Platforms is facing scrutiny for prioritizing profit from its virtual-reality platform over user safety, particularly concerning children being exposed to inappropriate content [1][3]. Group 1: Whistleblower Testimonies - Former Meta researchers testified that the company was aware of children using its VR products and being exposed to sexually explicit material, yet chose to suppress this information [1][7]. - Researchers reported being instructed not to investigate the harms to children using VR technology, allowing Meta to claim ignorance of the issues [7]. - Instances of children being bullied, sexually assaulted, and solicited for nude photographs were encountered by the whistleblowers during their work [7]. Group 2: Congressional Response - Members of Congress have criticized Meta, with Senator Marsha Blackburn emphasizing the need for the Kids Online Safety Act, which aims to enhance protections for children online [6][8]. - The whistleblower accounts have intensified calls for legislative action to ensure the safety of children using online platforms [6][8]. Group 3: Meta's Defense - A Meta spokesperson claimed that the allegations are based on selectively leaked documents and that there was never a blanket prohibition on conducting research involving young users [8]. - Meta has stated that the examples reported were inconsistent with its policies and have since been removed [4][8].

A war of words between United Airlines and ailing Spirit Airlines executives escalated on Tuesday after the Chicago-based airline’s chief questioned the bankrupt discounter’s business model and expressed doubts if it could stay in the industry.Minutes later, Spirit responded. In a post on X, the Florida-based carrier said its customers love low fares and its premium product offerings. “Maybe that’s why United executives can’t stop yapping about us,” the airline said.United’s CEO Scott Kirby has been a vocal ...

JPMorgan CEO Jamie Dimon claimed on Tuesday the US economy “is weakening” after the Labor Department slashed nearly 1 million jobs from its initial employment estimates for the year ending March 2025.The head of the nation’s largest bank told CNBC that the “big revision” by the Bureau of Labor Statistics to lower its non-farm payrolls data by 911,000 pointed to stuttering US growth.“I think the economy is weakening,” Dimon said at an event to mark the opening of the banking giant’s new $3 billion Manhattan ...

Apple on Tuesday unveiled its new iPhone 17 lineup, including the new, super-thin iPhone Air – its first major redesign in years.The sleek, slim device has a “space grade” titanium frame and is just 5.6 millimeters thick, available in white, gold, black and sky blue colors.Yet it’s more durable than previous iPhones, according to Apple, and has a new, second-generation chip that gives it three times the GPU computing power as last year’s phones. 3 Apple CEO Tim Cook unveiled the next generation of iPhones ...

The US jobs market in the year leading up to the spring was significantly weaker than previously thought — raising jitters about the overall health of the economy and all but sealing the case for the Federal Reserve to finally cut rates next week.The Bureau of Labor Statistics on Tuesday revised downward the number of jobs created during the 12 months ended in March by a staggering 911,000 — the biggest downward adjustment since 2000, including last year’s monster markdown of 818,000 jobs.Wall Street had ex ...

Cracker Barrel on Tuesday abruptly suspended its restaurant remodels and promised to keep its cherished “old country store” vibe following a furious backlash that forced the chain to walk back plans for a new logo that cut out its beloved “Uncle Herschel.”The announcement was made a day after The Post reported that Cracker Barrel workers were upset with CEO Julie Felss Masino, claiming she gutted kitchen jobs, slashed hours to avoid offering health insurance, and now passes off frozen, microwaved food as “h ...

Ford is recalling nearly two million vehicles because of a faulty rearview camera that can reduce the driver’s view and increase the risk of a crash, the National Highway Traffic Safety Administration said Tuesday.The rearview camera, which is activated on the dashboard display when the vehicle is put in reverse, may show an inverted, distorted or blank image, the agency warned.The 1.9 million models in the global recall include 2015-2019 Lincoln MKC, Mustang, F-350 SD, F-250 SD, F-450 SD, 2015-2017 Lincoln ...

Google privately told a federal court that “the open web is already in rapid decline,” a sharp reversal from its public claims that search traffic is booming — and a stunning admission as the Justice Department pushes to dismantle its ad tech empire.The disclosure surfaced in a filing last week in the government’s ongoing antitrust case against Google, according to court documents flagged by Search Engine Roundtable and industry analyst Jason Kint.For months, Google executives have insisted that the web is ...

The Murdoch family on Monday resolved the legal battle over control of its media empire, which includes Fox Corp. and News Corp, the company said.Lachlan Murdoch — the executive chairman and CEO of Fox Corp. and chairman of News Corp — will maintain control of the media giant forged by his 94-year-old father, Rupert Murdoch.Under the terms of the deal, a new trust called LGC Holdco LLC, will be established for the benefit of Lachlan Murdoch, and his younger sisters Grace and Chloe Murdoch. 4 The Murdoch f ...