Author: IA PressRoom

Michael Vi/iStock Editorial via Getty Images Pivotal Research — frequently one of the biggest cheerleaders for Netflix (NASDAQ:NFLX) — is still bullish, and it still sees a “unique” tech growth story that also features the whiff of a potential blockbuster sale of the company. The firm’s take gets a boost from Friday’s findings that Netflix may be seeing a big subscriber boost from its plan to crack down on password sharing via its extra-members initiative. (Netflix saw nearly 100,000 sign-ups per day in the days after bringing its Paid Sharing project to the United States, according to Antenna.) The streaming…

An 11-year-old boy has died in Budapest airport after collapsing on a Turkish Airlines flight to JFK.  The child was met with “a rapid and professional intervention” but unfortunately could not be saved.  Turkish Airlines did not immediately respond to Insider’s request for comment. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app An 11-year-old boy has died in Budapest airport, Hungary, after collapsing on a Turkish Airlines flight from Istanbul, Turkey, to JFK, Reuters reported.According to a statement from Budapest airport, flight TK003 on…

© Reuters. FILE PHOTO: A sign at the front entrance to the global headquarters of Illumina is pictured in San Diego, California, U.S., November 28, 2022. REUTERS/Mike Blake (Reuters) -Illumina Chief Executive Officer Francis DeSouza stepped down on Sunday, the gene-sequencing machine maker said in a statement, ending a battle with activist investor Carl Icahn in which the company’s chairman left the company earlier this year. Illumina (NASDAQ:) said it named Senior Vice President and General Counsel Charles Dadswell as interim CEO. DeSouza will stay on in an advisory capacity until July 31, it said. Icahn had sought to remove…

Miami Mayor Francis Suarez said on “Fox News Sunday” that he’s going to make a “major announcement” in the coming weeks as he’s expected to throw his hat in the ring seeking the Republican nomination for president.Suarez is expected to join the growing field of Republican candidates that already includes two fellow Floridians, former President Donald Trump, the current front-runner, and Florida Gov. Ron DeSantis, who announced late last month.”My announcement is to stay tuned,” he said Sunday. “Next week, like you said, I’m going to be making a big speech in the Reagan Library, and I think it’s one that Americans…

With AI among the few things to truly captivate investors this year, more executives, from those at Nvidia Corp. to Walmart Inc. WMT, +0.60% to Stitch Fix Inc. SFIX, -8.57%, are talking up ways to harness the technology. One abbreviation they’re mentioning less? ESG. ESG — or environmental, social and governance investing standards — has grown in popularity, particularly among younger people, as concerns increase about corporate America’s impact on the environment and on the public. The vast majority of the companies that trade on the S&P 500 Index SPX, +0.11% put out reports on their ESG goals. Between March…

The Justice Department unsealed a federal indictment charging Donald Trump with 47 criminal counts. Trump is expected at a Miami court Tuesday. But his daughter Ivanka, who lives in Miami, may not be there. Page Six said Ivanka wants to be “far from daddy” after he was hit by another indictment. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Ivanka Trump plans to be far from the public eye as her father fights federal charges of mishandling classified documents, Page Six reported.The outlet —…

Illumina chief executive Francis deSouza has resigned following a bruising proxy battle with activist investor Carl Icahn over the future of the world’s biggest gene sequencing company.Illumina said on Sunday that the company’s board of directors had accepted deSouza’s immediate resignation and begun a search for a replacement. DeSouza will stay on in an advisory capacity at Illumina until July 31, said the company.Illumina said Charles Dadswell, a senior vice-president and general counsel at the company, has been named interim chief executive.The resignation of deSouza, who was appointed chief executive in 2016, follows the departure last month of Illumina chair…

© Reuters. Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.01% Investing.com – Saudi Arabia stocks were lower after the close on Sunday, as losses in the , and sectors led shares lower. At the close in Saudi Arabia, the lost 0.01%. The best performers of the session on the were Thimar Development Holding Co (TADAWUL:), which rose 9.87% or 3.30 points to trade at 36.75 at the close. Meanwhile, Saudi Pharmaceutical Appliances (TADAWUL:) added 7.53% or 3.10 points to end at 44.25 and Astra Industrial Group (TADAWUL:) was up 6.69% or 5.30 points to 84.50…

Image Source: PixabayTrueUSD, a major fiat-collateralized stablecoin, has lost its peg following the announcement that it has suspended minting activities through its technology partner Prime Trust. In early Saturday hours, TUSD started distancing away from its intended $1 peg, dropping to as low as $0.993090 before trimming losses, data by CoinGecko shows.The stablecoin is currently trading at $0.997351, down by 0.2% over the past day. It is also down by 0.4% over the past week. The drop came after the TrueUSD team revealed that minting of TUSD via Prime Trust has been paused until further notice. TUSD minting and redemption services via…

gorodenkoff/iStock via Getty Images Activist investor Starboard Value has taken a stake in UK-based biotech firm Abcam plc (NASDAQ:ABCM). Starboard Value, led by Jeff Smith, took a stake of about 2% in Abcam (ABCM), according to a Sunday Times report. The disclosure comes as Jonathan Milner, founder of Abcam (ABCM) and a former director of the company with a 6.3% stake in the biotech firm, last month said he plans to call for an extraordinary general meeting to try to win election to the board as executive chairman. Milner is also calling for three of Abcam’s board members to be…