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Nvidia to Invest Up to $100 Billion in OpenAI
WSJ· 2025-09-22 16:50
Group 1 - The partnership will enable OpenAI to build and deploy at least 10 gigawatts of Nvidia systems for its artificial intelligence data centers [1] - This collaboration aims to enhance the capabilities of OpenAI's next generation of models [1] - The deployment of Nvidia systems is expected to significantly improve the efficiency and performance of AI training processes [1]
Spirit Airlines Is Furloughing One-Third of Its Flight Attendants
WSJ· 2025-09-22 15:57
The carrier plans to furlough 1,800 of its roughly 5,200 flight attendants. Hundreds had already been out on voluntary leave. ...
A City Built on Corn Flakes Pins Hopes on New Kellogg Owner
WSJ· 2025-09-22 14:00
Core Insights - Declining cereal sales and job cuts have negatively impacted Kellogg's hometown, but the sale to Ferrero is seen as a potential revitalization for the business [1] Group 1: Company Performance - Kellogg's cereal sales have been declining, contributing to economic challenges in its hometown [1] - Job cuts at Kellogg have further strained the local economy [1] Group 2: Market Outlook - The acquisition by Ferrero is anticipated to provide a jolt to Kellogg's business operations and potentially improve local economic conditions [1]
Thoma Bravo to Buy PROS Holdings in $1.4 Billion Deal
WSJ· 2025-09-22 13:59
Group 1 - PROS Holdings has agreed to be acquired by private-equity firm Thoma Bravo [1] - The acquisition values PROS Holdings at approximately $1.4 billion [1]
Atlanta Fed President Raphael Bostic said inflation concerns would make him hesitant for now to declare support for cutting rates again in October
WSJ· 2025-09-22 13:00
Group 1 - The Atlanta Fed president, Raphael Bostic, indicated that the risks of weaker employment outcomes have increased [1] - Elevated inflation remains a significant concern for the economy, highlighting ongoing challenges [1]
A full transcript of WSJ's Nick Timiraos's interview with Atlanta Fed President Raphael Bostic
WSJ· 2025-09-22 13:00
Bostic spoke about the outlook for the labor market, inflation and interest rates during an interview with Wall Street Journal reporter Nick Timiraos. ...
Pfizer to Buy Weight-Loss Drug Developer Metsera for Up to $7.3 Billion
WSJ· 2025-09-22 11:02
Core Insights - Pfizer has agreed to acquire Metsera, a weight-loss drug developer, for up to $7.3 billion, marking its re-entry into the growing obesity drug market [1] Company Summary - The acquisition of Metsera allows Pfizer to expand its portfolio in the obesity treatment sector, which is experiencing significant growth [1] Industry Summary - The obesity drug market is burgeoning, indicating increasing demand and potential for new treatments [1]
AI Agents Arrive at Citi
WSJ· 2025-09-22 11:00
The financial firm said it would run a 5,000 person pilot to find out how helpful the new "agentic†technology is to staff in areas like research and client profiling. ...
T-Mobile Names Telecom Veteran as Next CEO
WSJ· 2025-09-22 11:00
Group 1 - Srini Gopalan will take over leadership of the wireless carrier after Mike Sievert's five-year tenure [1]
Google's Ad Monopoly Under Microscope as Judge Weighs Remedies
WSJ· 2025-09-22 09:30
A federal court will begin hearing testimony to decide what penalties the company should face for unlawful practices in its digital-ads software business. ...