-
PLD Space Secures 120 Million Euros in Funding to Propel Spanish Rocket Manufacturing
PLD Space, a pioneering Spanish aerospace company, announced securing a substantial 120 million euros in funding for the development of the first Spanish factory producing space rockets in series, located in Elche, Spain. This investment will also facilitate the expansion of the team in the areas of production, supply chain, and quality. The significant funding
-
Revisiting the Challenge of Enforcing Bank Executive Bonus Deferrals and Clawbacks
For over a decade, the regulation requiring big banking executives to face bonus deferrals and potential clawbacks in the event of significant underperformance has been a law on paper rather than in practice. Despite the clear mandate from Congress, the federal agencies tasked with implementing and enforcing these rules have been unable to reach a
-
Lawmakers Investigate Bank of America’s Role in Epstein Payments to Leon Black
The financial web surrounding the scandalous activities of the late Jeffrey Epstein continues to unravel, with Bank of America now thrust into the public eye. Notably, the Senate Finance Committee has taken aim at the bank and its handling of substantial transactions between Leon Black, founder of Apollo Global Management, and Epstein. Senator Ron Wyden
-
Apple Removes WhatsApp and Threads from China App Store Citing National Security Concerns
Apple Inc. recently announced the removal of Meta Platforms Inc.’s WhatsApp and Threads from its China app store in response to an order from the country’s internet regulator. The regulators cited the services as posing risks to China’s national security. This move follows a broader cleanup program initiated by Chinese regulators in 2023, targeting defunct
-
Hospitals Will Start Seeing ROI from Their AI Investments in a Couple Years
Artificial intelligence (AI) took center stage at the recent ViVE conference in Los Angeles, sparking lively conversations and offering a glimpse into its potential in healthcare. As the industry eagerly anticipates the transformative power of AI, it’s crucial to recognize that its impact is yet to fully materialize in addressing critical healthcare challenges. While the
-
OpenAI Ridicules Elon Musk’s Lawsuit as ‘Incoherent’ and ‘Frivolous’
The recent legal tussle between Elon Musk and OpenAI has generated substantial buzz in the tech and business communities. Musk’s lawsuit against OpenAI alleging a breach of a founding agreement to operate as a non-profit has sparked a fierce rebuttal from the AI organization. In its response, OpenAI has characterized Musk’s claims as “incoherent,” “frivolous,”
-
The Soaring Price of Bitcoin: New Highs and Uncertain Prospects
As the stock market experienced a downturn, the price of bitcoin surged to a new high on March 11, surpassing $72,000 per token. This dramatic rise marked the latest in a series of significant milestones for the cryptocurrency, signaling a remarkable turnaround after more than two years of struggling to approach its previous record. However,
-
Elon Musk’s Legal Dispute with OpenAI and Others
February 2024 brought significant developments across various sectors, with implications for the global financial landscape. From inflation concerns to corporate strategies and emerging market volatility, the month witnessed a myriad of impactful events. Here’s a closer look at some of the key headlines that captured the attention of investors and finance professionals worldwide. 1. Rising
The Business Press 