The online travel agency reported a profit of $2.75 billion, or $84.41 a share, thanks to steady travel demand trends. ...

Core Insights - The company reported a profit of $137 million, translating to earnings of 54 cents per share, for the quarter ending in September [1] Financial Performance - Profit for the quarter was $137 million [1] - Earnings per share stood at 54 cents [1]

Core Viewpoint - The company is facing a crisis regarding concerns about the potential links between Tylenol and autism, prompting a leadership change with the appointment of snack food executive Jon Halvorson [1] Group 1 - The company plans to name Jon Halvorson as the new executive amid the ongoing crisis [1]

Core Insights - The drugmaker aims to utilize a supercomputer powered by Nvidia chips to enhance its drug discovery process and reduce lengthy research and development timelines [1] Company Summary - The company is focusing on leveraging advanced technology, specifically Nvidia's supercomputing capabilities, to improve efficiency in finding new drugs [1] - The initiative is expected to significantly accelerate the research and development phases, which are traditionally time-consuming in the pharmaceutical industry [1] Industry Summary - The pharmaceutical industry is increasingly adopting advanced computing technologies to streamline drug discovery and development processes [1] - The integration of supercomputing in drug research is seen as a pivotal move to address the challenges of lengthy R&D timelines faced by the industry [1]

The Dutch company posted orders below analysts' forecasts for the third quarter as bookings from China fell substantially and demand for semiconductors in different sectors remains uneven. ...

Core Insights - Jensen Huang introduced a new interconnect that integrates quantum processors with Nvidia's AI supercomputers, aiming to enhance the performance of both technologies [1] Group 1 - The new interconnect is designed to optimize the capabilities of quantum processors alongside Nvidia's AI supercomputers [1] - This development signifies a strategic move by Nvidia to bridge the gap between quantum computing and artificial intelligence [1] - The integration is expected to unlock new potential applications and improve computational efficiency [1]

Core Insights - The company plans to launch its own stablecoin in 2026 to facilitate global money transfers, which may reduce customer costs and expedite transaction settlements [1] Group 1 - The stablecoin initiative is aimed at enhancing the efficiency of cross-border transactions [1] - The launch is expected to occur in 2026, indicating a strategic long-term investment in digital currency [1] - The move could potentially lower costs for customers, making financial transactions more accessible [1]

Sean Bailey's new venture pursues Silicon Valley partnerships to speed up TV and movie making and reduce costs. ...

The AI chip giant will have a 2.9% ownership stake in the Finnish telecom company. ...

Core Insights - OpenAI's for-profit arm has officially transitioned into a public benefit corporation, indicating a commitment to balancing profit with social responsibility [1] - A significant partnership has been established with Microsoft, which will acquire a 27% stake in OpenAI, highlighting the tech giant's strategic investment in AI technology [1] Company Developments - The conversion to a public benefit corporation allows OpenAI to pursue its mission while also attracting investment [1] - The deal with Microsoft not only provides capital but also strengthens the collaboration between the two companies in advancing AI initiatives [1]