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Bitcoin falls to lowest since January
Bitcoin fell to its lowest level since January on Monday as slumping equity markets continued to hurt cryptocurrencies, which are currently trading in line with so-called riskier assets like tech stocks. Bitcoin dropped to as low as $33,266 in morning trade, testing the January low of $32,951. A...
Elon Musk secures $7.1 bn to finance Twitter deal
Elon Musk has raised $7.1 billion for his Twitter acquisition from investors that include Oracle founder Larry Ellison and Saudi Prince Alwaleed bin Talal, according to a securities filing Thursday. Musk, chief executive of Tesla and SpaceX, listed 18 investors who agreed to cash investments...
Long COVID patients helped by Pfizer’s Paxlovid
Additional reports of patients with long COVID who were helped by Pfizer’s oral antiviral treatment Paxlovid offer fresh impetus for conducting clinical trials to test the medicine for the debilitating condition, US researchers said on Thursday. Three new case studies follow earlier...
Netflix tells employees ads may appear by end of 2022, NYT reports
Netflix Inc (NFLX.O) could introduce its lower-priced ad-supported subscription plan by the end of the year, earlier than originally planned, the New York Times reported on Tuesday. The streaming pioneer is also planning to start cracking down on password sharing among its subscriber base around...
Investors think unlikely Musk buys Twitter at agreed $44 bln price
The stock market took the view for the first time on Tuesday that it was unlikely that Elon Musk will acquire Twitter Inc for $44 billion, as he originally agreed. The implied probability of the deal closing at that price fell below 50% when Twitter shares hit $46.75, based on the $54.20 deal...
Apple to pull the plug on iPod after 20 years
Apple Inc (AAPL.O) is discontinuing the iPod more than 20 years after the device became the face of portable music and kickstarted its meteoric evolution into the world’s biggest company. The iPod Touch, the only version of the portable music player still being sold, will be available till...