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OpenAI-backed biotech startup Chai Discovery on Monday announced a $130 million Series B round at a valuation of $1.3 billion. The company said the round was led by General Catalyst and Oak HC/FT. Other participants include Menlo Ventures, OpenAI, Dimension, Thrive Capital, Neo, Yosemite Venture Fund, Lachy Groom, SV Angel, and new investors Glade Brook and Emerson Collective. The company’s total funding currently exceeds $225 million. The company is part of a growing industry that sees AI as a faster route to drug development. In August, Menlo Ventures announced it would lead Chai’s $70 million Series A round. The investor…

Danaher finally turns the corner. CNBC’s Jim Cramer sees it that way. So is Wall Street. After years of “nightmarish” performance, life sciences stocks are “poised to go wild,” Cramer said Friday at the December monthly meeting for investment club members. Danaher, which makes tools and technology used by pharmaceutical, biotech and medical device companies, has faced tough years since COVID-19. The company’s business was also weighed down by policy changes in China aimed at cutting healthcare costs in the world’s second-largest economy. But that is changing. Wells Fargo analysts were the most recent to acknowledge Danaher’s recovery, raising their…

Google Gemini, ChatGPT, Microsoft Copilot, Claude by Anthropic, Perplexity, and Bing app logos appear on a smartphone screen on November 21, 2024 in Reno, USA.Jack Silva | Null Photo | Getty ImagesMerriam-Webster on Monday declared “slop” the word of the year for 2025, a sign of growing wariness about artificial intelligence.According to Merriam-Webster’s dictionary, slop is currently defined as “low-quality digital content, typically produced in large quantities by artificial intelligence.” The word has previously been used primarily to mean “product of little value” or “food waste fed to animals.” Mainstream social networks are flooded with AI-generated content, including what 404…

The label is the latest example of President Trump using military and symbolic language to justify U.S. operations against drug smuggling.WASHINGTON, D.C. – President Donald Trump announced he will sign an executive order deeming fentanyl and its core precursors “weapons of mass destruction” (WMD), the latest example of his administration using increasingly militarized language to justify operations against drug cartels and smugglers.Monday’s announcement came after the Trump administration repeatedly referred to drug smugglers as “narco-terrorists” and designated Latin American cartels as “foreign terrorist organizations.”Recommended stories list of 3 itemsend of listThe administration has repeatedly maintained that international drug smuggling groups…

The swollen Green River burst its banks just east of Seattle-Tacoma International Airport in western Washington, sending another atmospheric river dumping rain into the Pacific Northwest. The DeSimone Levee broke near the city of Tukwila around noon local time on Monday. The levee is intended to reduce flood risk for more than 30,000 residents in Tukwila, Kent and Renton. “We are asking the public to avoid the area and residents in the area to evacuate,” a King County Emergency Management Agency spokesperson said early Monday afternoon. Flash flood warnings have been issued for more than 45,000 people in the affected…

Defending champion Luke Littler and some of the biggest names in darts have been firmly on stage during the opening week of the World Darts Championship – by hornets!The Alexandra Palace wasp is a phenomenon notorious for wreaking havoc at the World Championships, but it will undoubtedly be in the spotlight more than ever at the 2026 event. Why does this continue? What, if anything, is being done to prevent the constant gatecrashes? And what was the Hornet’s greatest Allied moment? Use Chrome Browser for a more accessible video player Ted Ebbets may have lost his fight to Luke Humphries…

Broadcom CEO Hock Tan.lucas jackson reuterIn at least one corner of the artificial intelligence market, sentiment is clearly negative. broadcom, coreweave and oracleAll three companies closely tied to building AI infrastructure had another rough day on Wall Street on Monday after falling sharply last week. Coreweave made its market debut in March, and while all three stocks have continued their solid gains since the start of the year, recent trends suggest investors are concerned about whether their returns are commensurate with their spending. “We definitely need an ROI to continue to fund this AI investment,” Matt Wiziler, head of late-stage…

New York Attorney General Letitia James indicts delivery giant UPS A new lawsuit filed Monday alleges he defrauded seasonal holiday workers out of millions of dollars in legal wages.James’ office said in a statement that the investigation “found that for years, UPS understaffed the seasonal workers who keep the company running during peak holiday demand by not recording all hours worked, requiring extensive overtime, and manipulating timekeeping systems to reduce paid hours.”The lawsuit, filed in Manhattan Supreme Court 10 days before Christmas, alleges that UPS violated state and federal labor laws by failing to pay seasonal workers minimum wage, promised…

Hong Kong — Hong Kong’s former media mogul Jimmy Lai has been found guilty of two national security charges and a lesser charge of sedition in a landmark two-year trial widely seen as a sign of the decline in Hong Kong’s freedoms under Beijing’s rule. Mr. Lai, 78, an upstart billionaire, is one of the most high-profile critics of Beijing who was indicted under a sweeping security law imposed on the semi-autonomous city in 2020, following months of massive and sometimes violent pro-democracy protests. He founded Apple Daily, a fiercely pro-democracy tabloid known for its harsh coverage of the Chinese…

Chelsea manager Enzo Maresca declined to comment on his lack of support from the club.After Saturday’s win over Everton, the Italian was asked to explain his claim that the two days leading up to the game at Stamford Bridge had been the “worst 48 hours” for him, but he dismissed multiple questions about who his comments were directed at. Speaking live on Sky Sports ahead of Tuesday’s Carabao Cup quarter-final away to Cardiff, he was clearly irritated by demands to understand the meaning of his comments, which have fueled intense speculation that he was targeting the club’s owners and sporting…