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Meta disbands protein-folding team in shift towards commercial AI Move to terminate scientific project comes as Facebook parent prioritises moneymaking AI products over blue-sky research #press
Novo Nordisk’s obesity drug cuts risk of strokes and heart attacks Shares in Danish drugmaker and US rival Eli Lilly surge to record highs after positive trial of weight-loss drug #press
Goldman hit by senior departures as lower pay and overhaul take toll Some insiders fear it could take years to replace top-tier bankers #press
Goldman’s John Rogers steps down as chief of staff Influential bank executive dubbed the ‘board whisperer’ will hand over role to former colleague Russell Horwitz #press
The west shouldn’t give up on ‘gentle commerce’ just yet Although it has been strained in recent years, the link between trade and political liberalisation still holds #press
Rivian boosts EV production target as supply problems ease Company reports narrowing loss as volumes forecast to hit 52,000 this year #press
Trump admits criminal charges will damage 2024 presidential campaign Former president tells raucous New Hampshire rally he expects fourth indictment as soon as next week #press
Eli Lilly/Novo: come for the weight loss, stay for other health benefits Drugs that tackle obesity, diabetes and heart disease are good for profits and the public #press
July enters history books as hottest month on record Sea and air temperatures at new highs as global warming breaches 1.5C temporary rise #press
China’s Country Garden misses bond payments as turmoil grips property sector Real estate crisis continues to drag on world’s second-largest economy #press
Meta disbands protein-folding team in shift towards commercial AI Move to terminate scientific project comes as Facebook parent prioritises moneymaking AI products over blue-sky research #press
SoftBank/AI: strong Arm narrative exploits market’s machine longing Artificial intelligence has boosted entire tech sector but Masayoshi Son is overstating chip designer’s credentials #press
China’s Country Garden misses bond payments as turmoil grips property sector Real estate crisis continues to drag on world’s second-largest economy #press
Eli Lilly/Novo: come for the weight loss, stay for other health benefits Drugs that tackle obesity, diabetes and heart disease are good for profits and the public #press
Tesla CFO and company veteran Zach Kirkhorn quits One of Elon Musk’s closest lieutenants will be replaced by accounting chief Vaibhav Taneja #press
Google and Universal Music negotiate deal over AI ‘deepfakes’ New technology that can mimic artists’ voices has been seen as growing threat #press
Administrator for Greensill Bank sues insurer Zurich for $250mn Suit in London’s High Court seeking claims over debts tied to a company owned by industrialist Sanjeev Gupta #press
S&P drops ESG scores from debt ratings amid scrutiny Agency will no longer rank companies’ environmental, social and governance risks from 1 to 5 #press
Eli Lilly/Novo: come for the weight loss, stay for other health benefits Drugs that tackle obesity, diabetes and heart disease are good for profits and the public #press
Novo Nordisk’s obesity drug cuts risk of strokes and heart attacks Shares in Danish drugmaker and US rival Eli Lilly surge to record highs after positive trial of weight-loss drug #press