Amazon CEO Says AI Will Lead to Smaller Workforce
Referring to the impact of artificial intelligence, Andy Jassy tells employees, "We expect that this will reduce our total corporate workforce."
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How a Chinese-Owned Battery-Maker's Bet on U.S. EVs Went Wrong
AESC poured billions of dollars into electric-vehicle battery factories before stopping work.
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Robinhood Launches New Tools to Woo Traders
The new features are part of a 10-year strategy to build its business beyond its trading platform.
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KFC Owner Yum Brands Selects Finance Chief as Next CEO
Yum Brands named Chief Financial Officer Chris Turner as its next chief executive.
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Eli Lilly to Acquire Verve Therapeutics for Up to $1.3 Billion
Deal would add a potential treatment for cardiovascular disease to Eli Lilly's portfolio.
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Kraft Heinz Is Ditching Artificial Dyes
The food giant says it will remove the dyes from products including Jell-O, Kool-Aid and Crystal Light before the end of 2027.
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Generic Drugmakers Resist Trump's Calls for More U.S. Manufacturing
Companies say further domestic investment is too risky in such a low-margin and unpredictable business
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Jabil Stock Climbs After Earnings. It's the Best Performer in the S&P 500.
The supplier of electronic parts beats quarterly earnings expectations.
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AWS Firms Bets on Asia AI Demand
Amazon's cloud-computing arm sees a wealth of artificial-intelligence opportunities and plans to keep investing billions in Asia.
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Global Banks Increase Fossil-Fuel Funding as Climate Pledges Crumble
New report shows that banks poured nearly $900 billion into financing coal, oil and gas projects in 2024.
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AIB Group Returns to Private Ownership as Irish State Completes Exit
The move marks a significant step as governments across Europe move to unload their crisis-era bailout positions.
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Trump Officials Weighed Broader China Tech Restrictions Ahead of Trade Talks
Expanding export curbs on chip-making equipment was an option if London talks hadn't gone well.
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Oracle Unveils Initiative to Help Companies Sell Tech to the Pentagon
The program aims to help smaller technology vendors access Defense Department customers and further entrench the software giant's cloud platform.
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Volvo, Daimler Truck Launch Vehicle Software Joint Venture
The companies will develop a software-based manufacturing platform to build digitized commercial vehicles.
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Fresenius Medical Care CEO Says Company Could Benefit From Obesity Drugs
EXCLUSIVE: The dialysis company believes the impact of the treatments on its own performance will be 'neutral to positive' rather than negative.
(END) Dow Jones Newswires
June 17, 2025 17:00 ET (21:00 GMT)
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