WMG - Apple Defends Its $19B Google Search Deal Hollywood's Writers Secure Credit For AI Training China's Ambitious Chip Fund Faces Headwinds: Today's Top Stories | Benzinga
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Alibaba's Logistics Arm Cainiao Files For Hong Kong IPO
- Alibaba Group Holding Limited (NYSE: BABA) stock is trading higher Wednesday as the company's logistics arm Cainiao Smart Logistics Network Ltd filed for its Hong Kong initial public offering on Tuesday. The first-time share sale could fetch a minimum of $1 billion.
- Alibaba co-founded Cainiao in 2013 as the delivery backbone for its Chinese online marketplaces.
Qualcomm Gears Up for Innovation, Snapdragon 8 Gen 3 Set to Rival Apple's 3nm Chip Technology
- Qualcomm Inc's (NASDAQ: QCOM) Snapdragon 8 Gen 3 will arrive in 2 variants, one manufactured under Taiwan Semiconductor Manufacturing Company Ltd's (NYSE: TSM) 4nm process and another manufactured under TSMC's 3nm process.
- The leaked email conversations between Qualcomm and its smartphone partners like Samsung Electronics Co (OTC: SSNLF) indicate that the upcoming Qualcomm Snapdragon 8 Gen 3 will use Arm Holdings Plc's (NASDAQ: ARM) latest Cortex X4, Cortex A720, and Cortex A520 CPU cores for its chipset CPU structure.
- The European Medicines Agency (EMA) is set to address concerns related to patients taking drugs such as Novo Nordisk A/S's (NYSE: NVO) Wegovy, Ozempic, and their counterparts potentially experiencing complications during anesthesia that could lead to pneumonia.
- The PRAC's discussions will also encompass other GLP-1 drugs, including Mounjaro and Trulicity by Eli Lilly And Co (NYSE: LLY) and those made by AstraZeneca Plc (NASDAQ: AZN) and Sanofi SA (NASDAQ: SNY).
Safety First: Target Shutters Nine Stores Amid Rising Retail Crime
- Retail giant Target Inc (NYSE: TGT) announced its decision to shutter nine stores spread over four states in the U.S., including the Golden State of California.
- This move is in response to the increasing concerns about theft and structured retail crime, jeopardizing employee and customer safety.
Payroll Services Company Paychex' Q1: 7% Topline Growth, EPS Beat & More
- Payroll services company Paychex Inc (NASDAQ: PAYX) reported first-quarter FY24 sales growth of 7% year-on-year to $1.286 billion, slightly missing the analyst ...