Illumina has announced that CEO Francis deSouza has resigned from the biotech company. The decision comes just weeks after activist investor Carl Icahn failed to oust deSouza from his role in a heated proxy fight. The board of directors is now searching for a new CEO and considering both internal and external candidates, with Charles …
SEC Chair Gary Gensler has taken a hardline stance against the cryptocurrency industry, with the recent lawsuit against Coinbase and Binance for securities violations and skepticism towards the future of token trading. This move has resulted in a sell-off in the market with four of the 10 most valuable coins dropping at least 15% in …
Amsterdam hosted the annual Money2020 conference, attracting executives from fintech companies worldwide. While last year’s event buzzed with talk of embedded finance, open banking, and banking-as-a-service, this year, the narrative has changed little amid a slump in technology valuations and limited consumer spending. Investors remain keen on firms offering services to enterprises rather than consumers, …
The Artemis 1 mission Space Launch System (SLS) rocket Frank Michaux / NASA Wilson Aerospace, a small family-run tools company based in Colorado, is suing Boeing for a wide range of claims concerning allegedly stolen intellectual property over the last two decades. The company’s lawsuit centers around multiple custom-designed tools that Wilson says it created …
Tesla CEO Elon Musk. Ludovic Marin | Afp | Getty Images Mongolia’s prime minister Luvsannamsrai Oyun-Erdene and Tesla CEO Elon Musk on Monday discussed possible expansion and investments into the Asian country over a virtual meeting. “They discussed the possibility of welcoming Tesla to Mongolia for its electric vehicles battery factory, leveraging the country’s wide …
Alphabet CEO Sundar Pichai delivers the keynote address at the Google I/O developers conference at Shoreline Amphitheatre in Mountain View, California, May 10, 2023. Justin Sullivan | Getty Images News | Getty Images Google’s cloud business is expanding its use of new artificial intelligence technologies in health care, giving medical professionals at Mayo Clinic the …