Pharmaceutical giant, Novo Nordisk, is now Europe’s most valuable company, worth more than its home country, Denmark’s total economy. That wasn’t always the case, and only recently, through its popular diabetes and weight-loss drugs, Ozempic and Wegovy, is it witnessing unprecedented financial success. For a century, the company predominantly focused on insulin and treating those…
Drivers headed to downtown Manhattan will face a new toll beginning in spring 2024. The final fee, which is still up for debate, is expected to be between $9 and $23 dollars per day for passenger vehicles. Commercial vehicles will be charged upon each entry and exit to the zone. Regional planners believe the toll…
Solar-powered electric yachts have hit the superyacht market. Austrian-based Silent Yachts and Polish-based Sunreef Yachts are two companies working on developing this technology. Allied Market Research predicts the solar boat industry will grow 14 percent by 2031 to $2.4 billion. CNBC headed to the Cannes Yachting Festival to get an inside look at the companies…
Major American cities such as New York and San Francisco face serious problems — mass migration, empty offices and declining tax revenues. These trends have had a direct impact on cities, which rely on tax revenues for funding, a significant portion from commercial real estate. Stijn Van Nieuwerburgh has defined this cycle of spillover effects…
Global prices of olive oil surged to $8,900 per ton in September, driven by “extremely dry weather” in the Mediterranean, according to the USDA.
Tornadoes are a billion-dollar problem in the United States. From 2018-2023, there have been 17 billion-dollar climate disasters involving tornadoes. As places outside of the traditional Tornado Alley see an increase in tornado frequency, the costs of disasters are expected to grow. But engineers know how to build stronger structures that can withstand high winds….
The U.S. has amassed over $1.7 trillion in outstanding student debt. Billions of dollars worth of student loans are packaged and sold as assets known as SLABS to some of the biggest investors in America. Watch the full video here: https://youtu.be/QqXcZ10BztE
In its short 14 year history, GlobalFoundries has risen to the world’s third largest chip foundry. Although it’s not manufacturing chips at the bleeding edge, or seeing tremendous gains from the generative AI boom like Nivida has, GlobalFoundries is quietly helping power nearly every connected device. Its chips are inside every high-end smartphone, cars, smart…
Former billionaire, Sam Bankman-Fried, saw a meteoric rise as crypto’s golden boy and an even more spectacular fall from grace as his $32 billion cryptocurrency exchange, FTX, collapsed in a matter of days. FTX customers and investors around the world watched in shock as a single tweet ignited a series of events that ended with…
Blake Resnick is the founder and CEO of BRINC Drones, a Seattle based company that’s trying to change how law enforcement and first responders use drones. As these flying devices become more common over the U.S., questions on data, privacy, and use will continue to evolve while businesses try to leap into this emerging market….
Elon Musk and Tesla could emerge as winners from the UAW strikes against Detroit automakers Ford, GM, and Stellantis. Thousands of union workers are striking at the plants of the Detroit Three – as the three legacy automakers are called. The intensity and nature of the strikes are unlike any other in American automotive history….
Food service on domestic airlines has drastically changed in recent years. Nearly 3 million passengers fly every day in the U.S. Post pandemic, airlines have seen an increase in passengers buying up to premium seats – putting pressure on airlines to offer better food options and more of them. American Airlines just built this 214,000…
The Squadron in New York City is a place where companies and other organizations can send employees to learn from flying a top of the line F-35 fighter jet simulator. More here: https://cnb.cx/3sz0HqZ
Pixel 8 Pro is my new daily driver, but not just because of the hardware…