EU News Digest Latest News & Updates
Stephanie Keith | Getty Images Tim Cook, CEO of Apple laughs while Lana Del Rey (with iPad) takes a photo during a launch event at the Brooklyn Academy of Music on October 30, 2018 in New York City. Apple announced Wednesday it is bringing 1,200 employees to a San Diego …
Read More »Facebook’s Zuckerberg has vision for a ‘privacy-focused’ internet
Marlene Awaad | Bloomberg | Getty Images Mark Zuckerberg, chief executive officer and founder of Facebook Inc., listens during the Viva Technology conference in Paris, France, on Thursday, May 24, 2018. Facebook CEO Mark Zuckerberg on Wednesday posted a 3,000 word note outlining a more “privacy-focused” future for the tech …
Read More »Biotech stocks fall after FDA chief Scott Gottlieb resigns
Biotechnology stocks were falling on Wednesday after Food and Drug Administration Commissioner Scott Gottlieb said he is resigning from his post at the agency. The IBB, an ETF that tracks biotech’s biggest players, was down more than 2 percent Wednesday, on pace for its worst day since Feb. 7 when …
Read More »Abercrombie is planning to close up to 40 stores in 2019
David Paul Morris | Bloomberg | Getty Images Customers exit an Abercrombie & Fitch store in San Francisco, California. Abercrombie & Fitch said Wednesday it plans to close up to 40 stores by next February, with the majority of closures slated in the U.S. Abercrombie joins a number of other …
Read More »Samsung building two new foldable phones: Report
Justin Sullivan | Getty Images Samsung’s Mobile Division President and CEO DJ Koh holds the new Samsung Galaxy Fold smartphone during the Samsung Unpacked event on February 20, 2019 in San Francisco, California. Samsung will launch two additional foldable phones in addition to the device it announced last month, Bloomberg …
Read More »JP Morgan’s Tusa says his $6 GE target ‘looks generous’ now
Sebastien Bozon | AFP | Getty Images An employee of General Electric works on a gas turbine at the GE plant in Belfort, France. General Electric shares are far overvalued given the pressures facing the company over the next two years, J.P. Morgan analyst Stephen Tusa said in a note …
Read More »Tesla backer says Musk doesn’t need to be CEO
Mike Blake | Reuters SpaceX founder Elon Musk looks on at a post-launch news conference after the SpaceX Falcon 9 rocket, carrying the Crew Dragon spacecraft, lifted off on an uncrewed test flight to the International Space Station from the Kennedy Space Center in Cape Canaveral, Florida, March 2, 2019. …
Read More »FDA Commissioner Scott Gottlieb is resigning
Astrid Riecken | The Washington Post | Getty Images Scott Gottlieb, commissioner of the Food and Drug Administration (FDA). Food and Drug Administration Commissioner Scott Gottlieb is leaving his post as the nation’s top health regulator after two years in the role. Gottlieb, who’s waged a pitched battle against teen …
Read More »‘Against the law’ for automakers to sell cars like Tesla does
Paul Hennessy | NurPhoto | Getty Images The Tesla dealership in Eatonville, Florida is seen on March 1, 2019, the day after Tesla announced that it was closing its retail stores as a cost-cutting measure, in a shift to on-line only sales. Tesla’s announcement last week that it is moving …
Read More »Tesla shares fall 4 percent despite China approval of Model 3 imports
VCG | Getty Images More than 1,800 Tesla electric cars, including over 1,600 Model 3 from the United States, arrive at Pudong Waigaoqiao Port on February 22, 2019 in Shanghai, China. Freight ship ‘Morning Cindy’ carrying more than 1,800 Tesla electric cars, including over 1,600 Model 3 from the United …
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