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Developing a new drug can cost $1 billion and take more than 10 years. That makes investing in new treatments in rare disease areas, where the number of patients is small and the chances of getting a return on that investment even lower, a risky bet for big drug companies.This is a big reason why 95% of the more than 10,000 rare diseases in existence have no FDA-approved treatment.But for parents of children diagnosed with these illnesses, doing nothing is not an option. And that’s driving a major trend in the rare disease community: medical innovation and breakthroughs driven by…
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Michael Intrater, co-founder and CEO of CoreWeave Inc., attends the Bloomberg Tech Summit on Tuesday, October 21, 2025 in London, England. Chris J. Ratcliffe | Bloomberg | Getty Imagescore weave Shares fell 10% in after-hours trading Thursday after the AI infrastructure provider issued a modest earnings outlook and raised its 2026 capital spending forecast.Here’s how the company performed compared to the LSEG consensus:Earnings per share: Adjusted loss of $1.12, expected loss of 90 cents Earnings: $2.08 billion, expected $1.97 billionRevenue for the quarter more than doubled from $981.8 million in the same period last year, the statement said. Net loss…
peloton announced its fiscal third-quarter results on Thursday, showing that sales beat Wall Street expectations and that profits for the first three months of the year were by a narrow margin. The company touted that better-than-expected equipment sales and subscription revenue contributed to higher sales and profitability, with free cash flow increasing by nearly 60%.Peloton stock rose as much as 13% following the news, before ending the day up about 8%.CEO Peter Stern told CNBC: “Our first priority for earnings is to report our financials. We feel like this was a pretty good quarter in terms of our strategic position.”Here’s…
Perplexity’s Personal Computer, the answer to OpenClaw and other local AI agents, is now available to all Mac users through a desktop app, the company announced Thursday. As a reminder, the Personal Computer is an extension of Perplexity’s generic multi-model digital worker, confusingly called the Perplexity Computer. A “personal computer”, on the other hand, is designed to bring these capabilities to your own device. This is accomplished by giving AI agents access to local files, applications, connectors, and the web to process individual users’ personal, multi-step workflows. Or, as the company describes Personal Computer, it “takes your computer out of…
data dog Shares soared 31% on Thursday after reporting blockbuster earnings and raising their outlook for the year, showing that some software names are starting to prove their case as winners in the artificial intelligence space.Quarterly sales exceeded $1 billion for the first time.Pop music accelerated stock price rise snowflake and Mongo DBeach rose 10%.Datadog provides the cloud infrastructure on which OpenAI and Anthropic’s AI models run. According to analysts, OpenAI is the company’s largest customer.CEO Olivier Pommer said in an earnings call that the company has acquired two major hyperscaler customers for training at its Superintelligence Institute.”This was an…
Cocktail Wars, a reality competition series hosted by Lance Bass and Joey Fatone on New E!Cheers to E!’s newest reality competition series. *NSYNC band members Lance Bass and Joey Fatone are reuniting to host E!’s Cocktail Wars, a weekly mixology competition featuring battles between America’s hottest alcohol industry stars. In each of the 10 episodes, Joey and Lance will be joined by celebrity guests and expert judges to host a showdown of skill and flair between two passionate mixologists. The contestant with the most delicious or breathtakingly crafted drink will take home a $10,000 prize, and the losing bar expert…
Robin Kolbenbach, CEO of Algol Heraeus, holds one kilogram of silver and gold bars at Algol Heraeus’ factory in Mendrisio, Switzerland, on July 13, 2022. Dennis Bariboos | ReutersThe rally that pushed gold and silver to record highs in 2025 could accelerate again if a U.S.-Iran peace deal is reached, market participants told CNBC as prices rose on Thursday.spot gold It rose 1.2% to $4,750 an ounce early Thursday on hopes that the United States and Iran may be close to a deal to end their 69-day war. Stock chart iconStock chart iconspot goldStock chart iconStock chart iconspot silverGold and…
OpenAI on Thursday announced a new feature called Trusted Contact. The feature is designed to alert a trusted third party if self-harm is mentioned in a conversation. This feature allows adult ChatGPT users to designate another person as a trusted contact within their account, such as a friend or family member. If a conversation has the potential to escalate into self-harm, OpenAI will prompt the user to reach out to that contact. It also sends automatic alerts to your contacts, reminding you to check in. OpenAI is facing a wave of lawsuits from families of people who committed suicide after…
Coinbase reported weaker-than-expected results in the first quarter due to falling crypto prices, weighing on spot trading of digital assets, one of the company’s main revenue drivers.Here’s how to do it coinbase Based on a survey of analysts by LSEG, results for the quarter ended March 31 compared to Wall Street expectations: Earnings per share: $1.49 loss vs. 27 cents profit (estimated) Revenue: $1.41 billion vs. $1.52 billion (estimated)The company, which operates the largest U.S. cryptocurrency market, posted trading revenue of $755.8 million, compared to analysts’ expectations of $805.2 million. Subscription revenue was $583.5 million, compared to expectations of $619.3…