Author: Editor-In-Chief
Artificial intelligence is rapidly moving into the drug discovery field as pharmaceutical and biotech companies look for ways to shave years off research and development timelines and increase the likelihood of success amid rising costs. More than 200 startups are currently competing to integrate AI directly into research workflows, and interest from investors is growing. Converge Bio is the latest company to secure fresh capital and capitalize on the change as competition intensifies in the AI-driven drug discovery space. The Boston and Tel Aviv-based startup, which uses generative AI trained on molecular data to help pharmaceutical and biotech companies develop…
JP Morgan Chase Fourth-quarter results released Tuesday beat expectations, with revenue from the bank’s trading operations higher than expected. Here’s what the company reported:Adjusted earnings: $5.23 per share, compared to LSEGR’s consensus estimate of $5.00; revenue: $46.77 billion, compared to LSEG’s estimate of $46.21 billion.The company announced that profit fell 7% to $13.03 billion, or $4.63 per share, due to a previously announced $2.2 billion provision related to the acquisition of the Apple Card loan portfolio. goldman sachs. Excluding the 60 cents per share hit from the deal, adjusted earnings were $5.23, beating analysts’ expectations.Net interest income also rose 7%…
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Happy Tuesday. Nothing signals the holidays are over like the start of a new corporate earnings season.Stock futures are falling this morning following the winning day.Here are five important things investors need to know to start their trading day.1. Turn that frown upside downU.S. Federal Reserve Chairman Jerome Powell holds a press conference after two days of Federal Open Market Committee (FOMC) meetings at the U.S. Federal Reserve Board on December 10, 2025 in Washington, DC, USA. Kevin Lamarque | ReutersThe criminal investigation into Federal Reserve…
NEW YORK (AP) – JPMorgan Chase & Co. said Tuesday that fourth-quarter profits rose 9% on an adjusted basis as the bank continues to broadly benefit from the strong economy in both its consumer and investment banking divisions.The bank’s profit was $13.03 billion, or $4.63 per share. The results included a one-time hit of 60 cents per share to results from the stock acquisition by JPMorgan Chase & Co. Apple Card Credit Card Portfolio From Goldman Sachs. That’s because the bank has added $2.2 billion in loan loss reserves to its balance sheet to cover the risk of underwriting Apple…
Toronto — When Nigerians talk about “japa” (Yoruba slang for escape), they are referring to the growing wave of young people seeking opportunities abroad. In Canada, especially Toronto, this movement has fueled a vibrant music scene connecting Lagos, Nigeria, and Toronto. Leading this change are Nigerian-born executives Ikenna Nwagboso and Camilo Dregos. In 2025, they founded Hi-Way 89 Entertainment, a record label that aims to be a corridor between African artists and the North American music industry. Toronto is home to a rapidly growing African diaspora, a multicultural music scene, and a natural gathering place for the creative energy of…
Constitution Hill could set himself up for the Champion Hurdle in a new £40,000 1.5-mile novice contest on February 20 on the flats at Southwell.The former champion has been stalled since falling for the third time in four races on his return in the Fighting Fifth Hurdle at Newcastle in November. Trainer Nicky Henderson wanted to give him confidence-boosting runs on flat ground, but was having trouble finding suitable options. On Monday, Henderson told Sky Sports Racing that “plans are in the works” and suggested changes to the facilities could be on the cards.A new race, part of the Friday…
Brazil’s competition watchdog has ordered WhatsApp to suspend a policy that prohibits third-party AI companies from using its business API to offer chatbots on its app. The agency has also launched an investigation into the company to determine whether the policy is anticompetitive. “The investigation shows the possibility of anti-competitive conduct of an exclusionary nature arising from the application of the new WhatsApp Terms (“WhatsApp Business Solutions Terms”) imposed by Meta to regulate the access and provision of technology to WhatsApp users by providers of artificial intelligence tools,” Conselho Administrativo de Defesa Econômica (CADE) said. CADE said it will investigate…
A trader works at his desk on the floor of the New York Stock Exchange (NYSE) after the opening bell rings on December 3, 2025 in New York. Timothy A. Clary | AFP | Getty ImagesLONDON—European stock markets were mixed on Tuesday as investors continued to weigh geopolitical developments in Iran and the opening of a criminal investigation into U.S. Federal Reserve Chairman Jerome Powell.pan-european Stocks 600 As of 9:38 a.m. London time (4:38 a.m. ET), major regional stock exchanges were flat in mixed territory. Looking at individual stocks, stocks of a Danish offshore wind power generation company Orsted Shares…
US President Donald Trump announced plans to cap credit card interest rates at 10% for one year starting on January 20, the day of his inauguration.Trump, who first proposed such a cap on his campaign, floated the idea in a post on Truth Social last week, saying Americans were being “ripped off” with interest rates as high as 30%.Recommended stories list of 4 itemsend of listPresident Trump returned to the idea Sunday, saying credit card companies are “really abusing the public.””We have a one-year cap of 10%. That’s it. They know it,” Trump told reporters on Air Force One.While there…
Michael Carrick has reached a verbal agreement with Man United to become interim head coach until the end of the season.According to Sky Sports News, negotiations took place late on Monday night and all outstanding issues have been resolved. Gareth Southgate’s former England assistant coach Steve Holland will become Carrick’s number two, while former Boro assistant and Leeds player Jonathan Woodgate, current Under-21 coach Travis Binion and Jonny Evans, who returned to the club during Darren Fletcher’s interim period, will also be part of the backroom team. Meanwhile, Fletcher is expected to return as United’s Under-18 manager.Details of the deal…