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Bloomberg has previously reported that Callahan followed arbitrage strategies and had invested in a number of small-cap firms in the cannabis sector. Coming off a seven-week bull run the S&P 500 rose 0.3 per cent while the Nasdaq 100 climbed 0.1 per cent. The dollar steadied while yields on Treasuries climbed across the curve. West Texas Intermediate rose as much as four per cent to trade above US$74 a barrel and reach the highest intraday price in two weeks. BP PLC said it will pause all shipments through the Red Sea, while Equinor ASA is diverting vessels away from the region.
The horror movie boom dominating the Indonesian box office
Energy stocks were among the worst performers in the S&P 500, with Devon Energy Corporation down 2.4 and Enphase Energy 5.5 percent lower. During an earlier phase of the pandemic, Mr. Musk, SpaceX’s founder and chief executive, balked at restrictions in California meant to curb the spread of the coronavirus. In May last year, Mr. Musk, also the chief executive of Tesla, the electric carmaker, defied a public health order by resuming production at the company’s Fremont factory despite county restrictions that would have prevented employees from working. Buying Cerner gives Oracle a leading technology company in health care, a mammoth, if fragmented, market.
- A rebound in foreign demand has helped push export growth higher for China, often called the world’s factory.
- This website is using a security service to protect itself from online attacks.
- The property giant will incur costs of up to $1.475 billion as it shifts away from the overseas construction markets and focuses on its Australian businesses.
- The United Auto Workers on Friday accused Mercedes of interfering in last week’s union election at two Alabama factories.
- But the transition over more than a decade has been difficult, costly and time-consuming.
- Apple delayed its return to office “to a date yet to be determined.” The company told employees on Wednesday of the change in plans after already pushing back its return date three times.
Lyft is not requiring workers to return to offices until at least 2023. Ms. Holmes’s trial has stretched nearly four months, with testimony from dozens of witnesses including scientists, chief executives and a four-star general. The proceedings have come to represent a defining moment for the tech industry and its culture of overly optimistic salesmanship. Futures of West Texas Intermediate, the U.S. benchmark, dropped nearly 4 percent to $68.23 a barrel.
Graphics: Where does France rank among China’s EU trading partners?
“Every day, our No. 1 challenge is chasing down the parts that we need to make the products,” whether that’s raw resin or a circuit board from China, and then “scrambling to find enough people” to work on assembly, he said. Baiju Bhatt, left, and Vlad Tenev, the co-founders of Robinhood, in New York on July 29 for the company’s initial public offering. Court of Appeals for the Second Circuit in New York said federal prosecutors had failed to provide sufficient evidence to support the 2018 convictions of Matthew Connolly and Gavin Black on fraud and conspiracy charges. “I think our supply chain actually does very good considering the shortages, because it’s a fast-moving supply chain,” he said. McDonald’s, now with higher prices, topped $23 billion in revenue in 2021.
In explaining the deal, Oracle executives pointed to its voice assistant technology, as well as its cloud, as assets that should help Cerner improve its offerings. But the transition over more than a decade has been difficult, costly and time-consuming. Most doctors and nurses now use digital records, but they spend an average of one to two hours doing desk work for every hour they take seeing patients, according to a study by the Mayo Clinic that Oracle cited. Electronic health records are regarded as a necessity to move medicine into the digital age — a shift that in the long run should increase efficiency, curb costs and deliver better care. In a statement, Dr. Feinberg said combining with Oracle would give Cerner “an unprecedented opportunity to accelerate our work modernizing electronic health records,” improving the experience for physicians and nurses, and care for patients.