US tech stocks are falling despite Nvidia, the chipmaker driving the artificial intelligence (AI) led stock market boom, reporting stronger than expected earnings.The company, which has been the darling of US markets with shares up 150% this year alone, reported second quarter revenue of just over $30bn - more than double the sum achieved in the same period a year ago. Nvidia's crucial forecast for sales in the current quarter, $32.5bn, also beat estimates but only slightly.Money latest: Capital gains tax h ...

The trainer market is more diverse and competitive than ever before, and its biggest player has felt the pinch.While new brands have been popping up and taking market share, Nike suffered its biggest single day drop in share price on record in late June. A whopping $28bn (£21.6bn) was shaved off in market capitalisation overnight after the company's management reported an expected sale drop in early 2025.But why has this happened?Nike remains the biggest sports retailer in the world and still has the larges ...

Mark Zuckerberg has claimed that senior officials within the Biden administration "repeatedly pressured" Meta to "censor" COVID-related content during the pandemic.The claims by the CEO of Meta are in a letter dated 26 August to the House of Representatives Judiciary Committee. Zuckerberg said he regretted not speaking up about this pressure earlier, as well as other decisions he had made as owner of Facebook, Instagram and WhatsApp around taking down certain content.This included content Zuckerberg said wa ...

Core Viewpoint - The UK has initiated a clinical trial for a new experimental lung cancer vaccine, BNT116, developed by BioNTech, which utilizes mRNA technology similar to that used in COVID-19 vaccines [1][5]. Group 1: Vaccine Details - The vaccine is designed to train five billion immune cells to target different parts of the tumor, potentially leading to a more effective immune response against lung cancer [1]. - BNT116 is reported to be more precisely targeted than traditional chemotherapy, minimizing collateral damage to healthy cells and reducing side effects [2][5]. - The trial will involve approximately 130 patients with non-small cell lung cancer across six hospitals in the UK [3][7]. Group 2: Clinical Trial Insights - This is the first human trial for the BioNTech vaccine, with a focus on assessing major side effects before larger studies can confirm clinical effectiveness [5]. - Participants will receive multiple doses over a 12-month period to continuously boost their immune response [5]. - The trial includes patients at various stages of lung cancer, including those who have not yet undergone surgery or radiotherapy, allowing for a broader understanding of the vaccine's potential [7]. Group 3: Industry Implications - The development of this vaccine is part of a broader effort to find new treatments for lung cancer, which has a high mortality rate, with 1.8 million deaths globally each year [8]. - The NHS is taking a leading role in trialing cancer vaccines, with the potential for these vaccines to revolutionize cancer treatment by preventing recurrence after initial therapies [9]. - There is an expectation of increased participation in clinical trials for cancer treatments in the coming years, providing hope for patients [10].

Starbucks has offered its new chief executive the use of a corporate jet for his 1,000-mile commute.The firm said Brian Niccol could continue to live at his home in Newport Beach, California, and use the aircraft to travel to its offices in Seattle, Washington, when he takes up the role next month. The world's largest coffee chain said the 50-year-old would be expected to work at least three days a week at its headquarters, when not otherwise travelling for work.Critics said it undermined Starbucks's pledge ...

The US Department of Justice is considering breaking up Google, according to reports from Bloomberg, the New York Times and others.Last week, a federal court in the US ruled the tech giant had broken antitrust law by spending billions on creating an illegal monopoly and becoming the world's default search engine. Read more: Google illegally maintained online search monopoly, US court rules The ruling is seen as the first big win for authorities taking on the dominance of Big Tech.The Department of Justice' ...

Google's freshly updated Pixel range has been revealed at Made by Google 2024 - the tech giant's annual hardware launch.The phones, artificial intelligence, and earbuds have all had makeovers, but one smartwatch update is groundbreaking. Loss of Pulse DetectionThe Pixel Watch, Google's smartwatch, has a new Loss of Pulse Detection feature that uses AI to spot when the wearer's pulse disappears. Image: Pixel Watch 3. Pic: Google If that happens, it activates more sensors to see if it can detect any motion ...

Starbucks has suddenly replaced its chief executive after the company suffered a bigger-than-expected drop in sales.The coffee chain's board announced on Tuesday that Laxman Narasimhan had departed the firm "effective immediately". They said Brian Niccol - the boss of burrito chain Chipotle - would soon take his place.It comes following mounting pressure and speculation over the future of Mr Narasimhan, who had only been in the role for a year-and-a-half.Last month, the firm reported that global sales had f ...

The UK's competition regulator has launched an inquiry into Amazon's investment of over £3bn into an artificial intelligence (AI) startup as regulators ramp up their scrutiny of mergers involving the fast-growing technology.The deal, which was announced by Amazon in March, included a $4bn (£3.16bn) investment into Anthropic and a commitment from the AI startup to use Amazon Web Services as its "primary cloud provider" for essential functions, including safety research and the development of future foundatio ...

At the end of a mixed fortnight's worth of trading updates from the US tech giants, it was down to the biggest of them - Apple - to lift investor spirits.The $3.35trn (£2.63trn) giant, established again in June as the world's biggest company after five months during which Microsoft was bigger, reported sales of $85.78bn (£67.32bn) for the three months to the end of June. That was up by just under 5% on the same period last year and was also ahead of the $84.53bn (£66.34bn) Wall Street had been expecting.Mon ...