Andreessen Horowitz recently announced that it successfully raised a staggering $7.2 billion across five different funds, painting a picture of optimism in the tech startup industry. This significant milestone comes at a time when the sector has experienced a drought in substantial exits over the past couple of years. The bulk of the newly raised
In a joint statement, Republican governors from six states including Alabama, Georgia, Mississippi, South Carolina, Tennessee, and Texas expressed their opposition to the United Auto Workers’ (UAW) efforts to organize automotive factories in the South. The governors, led by Tennessee Gov. Bill Lee, raised concerns about potential layoffs and decreased future investments in the region
UnitedHealth saw a surge in its shares, rising by approximately 7% following the announcement of its first-quarter results. The healthcare giant reported revenue that surpassed expectations, reaching close to $100 billion for the quarter, showing significant growth from the same period last year. This positive outcome is a clear indication of the company’s strength and
Boeing has faced recent scrutiny following claims made by whistleblower Sam Salehpour regarding the quality and safety testing of its 787 Dreamliner and 777 aircraft. Salehpour alleged that Boeing took “shortcuts” to expedite the production of the planes, leading to potential safety concerns. Despite these accusations, Boeing has defended its testing procedures and stood by
The recent conflict between healthcare data management companies Epic Systems and Particle Health has brought to light issues related to patient data sharing and access. Despite the ongoing dispute, a vast majority of Particle Health’s customers are still able to access patient records from Epic Systems, which supports over 300 million patient records. Both Epic
Recently, Tesla made headlines with the announcement of laying off more than 10% of its global workforce. This decision was communicated in a memo sent out by CEO Elon Musk. The company cited the need for cost reductions and increased productivity as the primary reasons behind this move. Tesla currently has 140,473 employees, suggesting that
Tesla executives Drew Baglino and Rohan Patel recently made the decision to leave the innovative electric vehicle maker and clean energy company. This news comes at a challenging time for the company, as they have recently announced layoffs affecting more than 10% of their workforce. Drew Baglino has been an integral part of Tesla since
Goldman Sachs shares saw a 3.3% increase in premarket trading after the company surpassed Wall Street’s first-quarter earnings expectations. With earnings of $11.58 per share and revenue of $14.21 billion, Goldman’s success was attributed to its trading and investment banking businesses. Analysts had estimated earnings of $8.56 per share and revenue of $12.92 billion, showing
Tesla, the electric vehicle maker led by CEO Elon Musk, is planning to lay off more than 10% of its global workforce in an effort to increase productivity and reduce costs. This news caused shares to fall by 2.8% in midday trading. With nearly 141,000 employees as of December 2023, the company is making strategic
Warner Bros once again proved its dominance at the international box office with the release of Godzilla x Kong: The New Empire. The film surpassed the $1B milestone worldwide, generating $33.7M in its third weekend across 71 markets. Despite a 47% drop from the previous weekend, the film has accumulated $278.6M overseas and $436.6M globally.