Author: Editor-In-Chief
LONDON (AP) — British Prime Minister Andy Burnham’s The announcements in his first 24 hours in office underscore the political and financial challenges he faces as he tries to revive the country’s struggling economy.Mr Burnham, from Britain’s left-wing Labor party, faces a rebellious electorate seeking relief from the high cost of living. At the same time, investors who help finance governments by buying bonds are demanding that he reduce public sector debt, which has ballooned to levels not seen since the 1960s.To balance competing demands, Mr. Burnham surprised experts by nominating former Defense Secretary John Healey to be Treasury secretary.…
Check out the companies that made headlines before the bell: Novartis — Shares rose 4% after the Swiss drugmaker reported second-quarter core earnings and better-than-expected revenue, adding it “remains on track” to meet its full-year guidance and medium-term outlook. Core earnings were $2.41 per share, beating the StreetAccount consensus of $2.15 per share. Revenue was $14.41 billion, beating expectations of $13.95 billion. General Motors — The company had adjusted earnings of $3.57 per share on revenue of $48.03 billion. Analyst estimates compiled by LSEG were for sales of $47.01 billion and earnings of $3.20 per share. The stock price rose…
The order will ensure that thousands of people from El Salvador, Sudan and Ukraine will not lose their work permits while their cases are pending.Published July 21, 2026July 21, 2026A federal judge has temporarily blocked President Donald Trump’s administration from revoking work permits for tens of thousands of asylum seekers and immigrants with Temporary Protected Status (TPS), blocking a policy that was scheduled to go into effect as early as Wednesday.On Tuesday, U.S. District Judge Nathaniel Gorton sided with immigrant rights groups and labor unions challenging a series of new U.S. Citizenship and Immigration Services (USCIS) policies enforcing immigration restrictions…
OpenAI admitted on Tuesday that one of its AI models had penetrated the systems of independent AI hosting platform Hugging Face during a failed internal cybersecurity test. The models reportedly escaped from an isolated test environment and from there reached Hugging Face’s system. Hugging Face initially attributed the breach to an “external AI agent.” In a blog post published Tuesday afternoon, OpenAI detailed the steps that led to the model compromising its service. “Upon investigation, we determined that this particular incident was caused by a combination of OpenAI models, including GPT‑5.6 Sol and more capable pre-release models, all of which…
An F/A-18F Super Hornet assigned to Strike Fighter Squadron (VFA) 41 prepares to launch from the flight deck of the Nimitz-class aircraft carrier USS Abraham Lincoln (CVN 72).Provided by: U.S. NavyThe escalation of fighting between the United States and Iran over the weekend caused Wall Street to reconsider its expectations about the economic impact of the war.The United States on Monday completed its 10th consecutive night of strikes against Iran after Yemen’s Houthis declared a maritime embargo against Saudi Arabia. This follows the death of a third service member in recent fighting and could mean a longer and more dangerous…
Hong Kong, China: Hong Kong has emerged as a major funding hub for biotech, attracting dozens of Chinese biotech companies to list in Hong Kong.Chen Xin | Getty Images News | Getty ImagesOver the years, Chinese companies such as: alibaba and Baidu It headed to the US to list its shares, citing deeper capital markets and higher valuations. Now, one American biotech company is betting on the opposite.Axiom Biosciences, a San Diego-based regenerative and genetic medicine developer, plans to go public in Hong Kong in 2027, followed by a secondary listing in the U.S. in 2029. The company says this…
Published July 21, 2026July 21, 2026Canadian Prime Minister Mark Carney said he and U.S. President Donald Trump had agreed to step up trade negotiations, but warned that he would consider all options if the tariffs that Trump threatened on Monday go through.Carney spoke to reporters Tuesday after meeting with Trump.Recommended stories list of 4 itemsend of listPresident Trump on Monday announced plans to impose 50% tariffs on a wide range of Canadian imports in retaliation for discriminatory treatment of American-made cars, alcohol and dairy products.Canada’s relationship with its largest trading partner has been tested by President Trump’s repeated tirades about…
Meta is working on an AI storytelling app called StoryKit. This app creates AI-generated fairy tales with custom characters, settings, lessons, and music. As the App Store listing states, parents are assured that they “don’t have to write a single word.” Finally, a technology company has found a way to outsource humanity’s oldest pastime: using your imagination. StoryKit was first discovered on the App Store by 9to5Mac. Meta confirmed to TechCrunch that the company is piloting StoryKit in some countries to see how parents value it. A Meta spokesperson described StoryKit as a creative storytelling app used to create personalized…
U.S. President Donald Trump signs an executive order on research into the effects of psychedelics in veteran treatment on Saturday, April 18, 2026, in the Oval Office of the White House in Washington, DC. Washington Post | Washington Post | Getty ImagesPresident Donald Trump said generic drugs imported into the United States would be subject to zero tariffs for two years starting August 1, after which a 100% tax would take effect in August 2028, rising to 200% a year later.In a social media post on Tuesday, President Trump said the phased schedule is aimed at encouraging generic drug makers…