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Kelbun | iStock | Getty ImagesShares in Japanese drugmaker Sumitomo Pharmaceuticals fell 15.60% on Friday in what appeared to be profit-taking, a day after the government approved the company’s iPS cell-based treatments for Parkinson’s disease and heart disease.Sumitomo Pharmaceuticals’ stock last week hit its highest since 2019, after rising more than 300% in 2025 amid growing confidence in Parkinson’s disease treatments. This treatment relies on induced pluripotent stem (iPS) cells, which are adult cells that are reprogrammed into a stem cell-like state.Stem cells have the ability to self-renew and act as a repair system to replace damaged cells and maintain…
E-commerce stocks that had been exposed to the effects of President Donald Trump’s sweeping global tariffs rallied on Friday after the Supreme Court struck down a key pillar of the president’s economic policy.In a 6-3 decision, the court said President Trump did not have legal authority to impose the tariffs under the International Economic Powers Act, which was used to impose many of the levies. IEEPA does not explicitly mention tariffs. decision has been submitted Amazon and wayfairinventory increases by 2%; Etsy It increased by 8%. shares of Shopify 1% increase, eBay It jumped 3%. Pinduoduo Holdingsthe parent company of…
“We had a really great trip and saw some great places,” he said. “One year we went to Europe, and there was a time when we were driving around the French countryside with the kids in the back seat of this crazy little car that we rented.” “I speak everything with a French accent,” Eric added. “For some reason, for those 15 minutes, my French accent was perfect. I don’t know where it came from.” And he also spoke directly to his daughters, giving them a final message about the lessons he learned from his ALS journey. “First of all,…
A blue owl sign outside the Seagram Building at 375 Park Avenue in the Midtown East neighborhood of New York City, USA, on Tuesday, January 20, 2026. Bing An | Bloomberg | Getty ImagesThe private credit boom faces a new test after Blue Owl Capital permanently restricted withdrawals from one of its retail bond funds.Blue Owl Capital shares fell nearly 6% on Thursday after the private markets and alternative asset manager sold $1.4 billion in loan assets held in three private debt funds.The biggest chunk of the sale came from a semi-liquid private credit fund marketed to retail investors in…
Different AI labs have different priorities. For example, OpenAI has traditionally focused on consumer users, while rival Anthropic tends to target enterprises. Elon Musk’s xAI, which we recently discovered, has a particular focus on video game walkthroughs. On Friday, Business Insider’s Grace Kay published a detailed and extensive report on xAI, the AI startup recently acquired by SpaceX, highlighting in particular how Musk is making life difficult for his employees. However, the following anecdote stood out. In one instance last year, the model’s release was delayed by several days after Musk became dissatisfied with the chatbot’s answers to detailed questions…
Elon Musk attends the US-Saudi Investment Forum to be held in Washington on November 19, 2025.Evelyn HochsteinReuterA federal judge in Miami denied Tesla’s The company has made a bid to overturn a $243 million judgment in a lawsuit that seeks to force automakers to compensate victims and survivors of a fatal 2019 Autopilot crash.The crash in Key Largo, Florida, killed 22-year-old Knievel Benavidez and seriously injured his girlfriend Dillon Angulo. Tesla owner George McGee was driving a Model S sedan while using the company’s partially automated driving system, Enhanced Autopilot. McGee said during the trial that when he dropped his…
Want to get the “typical Pookie” look? You’re in luck, because we just uncovered Pookie’s best-kept beauty secret! Eh! We had the chance to speak exclusively with Campbell “Pookie” Paquette to discuss her current obsession with makeup and hair products, her new collaboration with Laura Blunkett, skincare essentials, and more. To get the classic Pookie look, she recommends: “The combination of a bouncy blowout, confidence-inspiring everyday jewelry, and the perfect lip will instantly make you look like you put your makeup on that morning.” “Take an extra five minutes in the morning to apply lip, cheek, and eyebrow gel. This…
A man and a boy sit on a paved sidewalk and draw an alien’s face.Annie Otzen | Digital Vision | Getty ImagesPresident Donald Trump said Thursday that he will direct the Pentagon and other agencies to release government files on aliens and extraterrestrial life.President Trump said the files identified and released will also pertain to unidentified aerial phenomena and unidentified flying objects, as well as “all other information related to these very complex but very interesting and important issues.”In a post on Truth Social, President Trump said his actions were based on “tremendous interest” in the issue, but provided no…
Even if you don’t have an accounting background, anyone who has ever glanced at a 10-K or 10-Q knows that preparing financial statements is a complex and tedious process. Legacy platforms like Workiva and Donnelley Financial Solutions aim to streamline financial reporting, but longtime accountants Mary Antony (pictured right) and Kelsey Gootnick (pictured center) found themselves exhausted by the various manual hurdles within these tools (co-founder and CTO Jared Tibshraeny, pictured left). The two met seven years ago at Flexport, where Mr. Gutnick was the company’s manager and Mr. Anthony was its deputy manager. They stayed in touch after Antony…
Pablo Gonchar | Light Rocket | Getty Imagesshares of ring central and five nine Earnings from both software companies helped ease recent concerns that artificial intelligence was undermining their business models, sending their stocks soaring on Friday.RingCentral soared 34%, while Five9 rose about 14% after reporting a positive outlook, beating Wall Street expectations. The companies, which provide customer service solutions such as voice integration, said demand is increasing due to accelerated adoption of AI.New AI tools that allow you to build apps and websites in minutes have taken investors by surprise in recent weeks, leading to a sharp decline across…