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Different Use Cases For Different Tokenization: Krupetsky
Bloomberg17d agoneutralVIDEO
Different Use Cases For Different Tokenization: Krupetsky

Morgan Krupetsky, vice president of Onchain Finance at Ava Labs, joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." They the recent spat between AMC and Robinhood over tokenized trading and the different use cases for different tokenization models.

AMC, Robinhood CEOs Feud Over Tokenization
Bloomberg17d agoneutralVIDEO
AMC, Robinhood CEOs Feud Over Tokenization

Bloomberg's Anna Irrerea joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." AMC CEO Adam Aron traded barbs with Robinhood CEO Vlad Tenev last week after discovering a token bearing the theater chain's name was trading on the brokerage's blockchain. AMC CEO dubbed it "outrageous" and demanded that Robinhood cease trading it.

Dayton Daily News, Ohio17d agoneutral
GE Aerospace makes $11.75B Ohio acquisition

GE Aerospace, which employs thousands of employees in the region, is acquiring a large Ohio manufacturer in a a nearly $12 billion dollar deal. GE Aerospace said it has signed an agreement to acquire Consolidated Precision Products, a Cleveland-based manufacturer of castings. The purchase will be from private investment firms Warburg Pincus and Berkshire Partners. “Investing in ...

Amgen Stock Poised for Worst Day in More Than Two Decades
The Wall Street Journal17d agoneutral
Amgen Stock Poised for Worst Day in More Than Two Decades

Shares of Amgen were recently down more than 9%, putting the biotechnology company on pace for its largest decrease since October 2000. The decline came after Novartis announced a failure of its heart disease drug, pelacarsen, to reduce the risk of cardiovascular events compared with a placebo. The failure, which sent U.S.-traded Novartis shares down 14%, also cast doubt on similar drugs, including Amgen’s investigational treatment olpasiran.

What’s Moving Markets Today?
The Wall Street Journal17d agoneutral
What’s Moving Markets Today?

Major stock indexes faced pressure on Tuesday with a fresh slate of geopolitical tensions weighing on investors. The Dow industrials are down about 1%. Meanwhile, quantum computing stocks are on the rise.

Investing.com17d agoneutral
Canada tariffs put loonie, supply chains in focus as trade war deepens

Investing.com -- Canada’s C$27.6 billion retaliation against U.S. imports took effect on Tuesday, putting the Canadian dollar and North American supply chains under fresh pressure as investors assessed the risk that a widening trade war will drive up costs and disrupt cross-border commerce.

How Shopify’s Push into AI Is Working Out
The Wall Street Journal17d agoneutral
How Shopify’s Push into AI Is Working Out

Shopify and its chief, Tobias Lütke, have instead plunged in. Shopify was quick to develop AI tools for customers, announcing an AI assistant called Sidekick in 2023. Early last year, Lütke wrote a memo to employees that explicitly made using AI a “baseline expectation” at the company, which makes software that helps retailers set up websites, process transactions and analyze their businesses.

⚡Flash Heard: GE Takes Blade Manufacturing In-House
The Wall Street Journal17d agoneutral
⚡Flash Heard: GE Takes Blade Manufacturing In-House

GE Aerospace on Tuesday said it will buy Consolidated Precision Products, a maker of blade and vanes for jet engines, for $11.75 billion. CPP is one of the four major manufacturers of the blades and vanes that go into jet engines and power-generating natural gas turbines. GE has been a customer of CPP for over 15 years, according to its announcement.