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Big pharma blockbuster obesity drug battle is headed for $100 billion

Ozempic drug to treat diabetes.Courtesy: OzempicIn their most recent earnings reports, Novo Nordisk and Eli Lilly proved why they are the undisputed heavyweights...

ADNOC to spend over $1 billion a month on oil and gas for years, Global Witness says

Sultan Al Jaber, chief executive of the UAE's Abu Dhabi National Oil Company (ADNOC) and president of this year's COP28 climate summit gestures...

UBS posts $29 billion second-quarter profit in first results since Credit Suisse takeover

General view of the UBS building in Manhattan on June 5, 2023 in New York City.Eduardo Munoz Alvarez | View Press | Corbis...

Redwood Materials raises $1 billion to expand recycling operations US

JB Straubel sits down with CNBC's Phil LeBeau at Redwood Materials.Redwood Materials, the battery and e-waste recycling startup founded by former Tesla Chief...

Tornado Cash founders charged with laundering more than $1 billion, including millions for North Korea

The Tornado Cash website displayed on a laptop and smartphone screen arranged in London, U.K., on Tuesday, March 15, 2022. Luke McGregor | Bloomberg...

UK launches £1 billion fintech growth fund to compete with US

The U.K. has faced criticisms from some in the industry that it is posing barriers to its fintech entrepreneurs and forcing them to...

Intel scraps $5.4 billion acquisition of Tower Semiconductor

Signage outside Intel headquarters in Santa Clara, California, Jan. 30, 2023.David Paul Morris | Bloomberg | Getty ImagesIntel on Wednesday terminated its acquisition...

Paramount to sell Simon & Schuster to KKR for $1.62 billion

The publishing offices of Simon and Schuster in New York.Amy T. Zielinski | Newscast | Universal Images Group | Getty ImagesParamount Global agreed...

‘Barbie’ to top $1 billion at the global box office Sunday

Barbie The MovieCourtesy: Warner Bros. "Barbie" is expected to join the billion-dollar club Sunday.The bubblegum pink flick from Warner Bros. Discovery and Mattel will top $1 billion in...

Amazon online advertising unit just brought in over $10 billion in Q2

Alain Jocard | AFP | Getty ImagesAmazon's online advertising business is getting bigger as the slumping digital ad market shows signs of improvement.The...

HSBC Q2 earnings beat forecast, announces $2 billion share buyback

HSBC's net profit more than doubled to $18.1 billion in the six months ended June, a sharp spike compared to the $9 billion...

SEC sues entrepreneur, alleging $1 billion in unregistered crypto sales

SEC Chairman Gary Gensler participates in a meeting of the Financial Stability Oversight Council at the U.S. Treasury on July 28, 2023 in...

Francisco Partners & TPG to take New Relic private in $6 billion deal

Lew Cirne, CEO, New RelicScott Mlyn | CNBCA consortium led by Francisco Partners and private equity group TPG will take software provider New...

Meta’s Reality Labs has lost more than $21 billion since start of 2022

Meta reported second-quarter earnings on Wednesday and said that its Reality Labs unit, which develops virtual reality and augmented reality technologies needed to...

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