Elon MuskJim Watson | AFP | Getty ImagesSpaceX has raised just over $1 billion in financing since the beginning of the year, a filing seen by CNBC revealed on Friday, as the company seeks backing for its daunting plan to provide internet from a network of thousands of...
Investment banker Ken Moelis told CNBC on Friday that it's "almost impossible" to get the boards of U.S. public companies to enter into China deals.The tense Washington-Beijing relations are impacting large-cap stocks, the deal-making powerbroker said on "Squawk on the Street. " "What you're seeing in...
Dr. Vasant Narasimhan, CEO of Novartis, speaking at the Healthy Returns conference in New York City on May 21, 2019.Astrid Stawiarz | CNBCThe Food and Drug Administration on Friday approved Novartis' $2.13 million gene therapy for spinal muscular atrophy, sending the company's shares traded in the U.S. 4%...
An American Airlines Boeing 737 MAX 8 flight from Los Angeles lands at Reagan National Airport shortly after an announcement was made by the FAA that the planes were being grounded by the United States in Washington, March 13, 2019.Joshua Roberts | ReutersUnited Airlines will extend flight cancellations...
It seems Paramount Pictures needed more than five months to redesign the titular character of its "Sonic the Hedgehog" movie.On Friday, director Jeff Fowler tweeted that the film, based on the "Sonic the Hedgehog" video games, would not be released until February 14, 2020. The film...
CNBC's Healthy Returns Summit was held earlier this week in New York City, featuring keynote presentations and panel discussions on the future of the health-care industry. Topics ranged from controversial genetic-editing technique CRISPR to the way AI is changing the practice of drug discovery and medicine and reform...
Jeffrey Sloan, CEO, Global PaymentsScott Mlyn | CNBCPayment technology company Global Payments is nearing an agreement to acquire peer Total System Services for about $20 billion, in an all-stock deal that is expected to be announced Tuesday, people familiar with the matter tell CNBC.The people requested anonymity because...
Jamison Crowell is the executive director of the DC Area Trans-Masculine Society, Friday, March 15, 2019, in Washington, DC.Jahi Chikwendiu | The Washington Post | Getty ImagesThe Trump administration on Friday rolled back health-care protections for transgender people by ending an Obama-era policy that prohibited health providers from...
Pedestrians walk past a Foot Locker store in New York.Michael Nagle | Bloomberg | Getty ImagesShares of Foot Locker plummeted nearly 16 percent in morning trading Friday, as the shoe retailer's fiscal first-quarter earnings missed Wall Street profit and revenue estimates.The company is under pressure as shoe companies,...
Prime Minister of Australia Julia Gillard with former Prime Minister Kevin Rudd in the background.Getty ImagesAustralia would not want to take sides in the ongoing trade war between the U.S. or China, said former Australian prime minister Julia Gillard on Friday.Asked which side Australia would take if forced...