Money, Wealth & Power—A Daily Look at the Financial World
Nvidia is turning its AI firepower toward the hardest problems in medicine, striking multibillion-dollar alliances with pharmaceutical and biotech heavyweights to rewire how drugs are discovered and manufactured. The company is not just selling chips into healthcare, it is embedding its platforms inside labs and data centers so that model training, simulation, and physical experimentation…
Meta is turning its AI ambitions into a concrete, industrial-scale buildout. With Meta CEO Mark Zuckerberg now formally unveiling Meta Compute as a new top-level organization, the company is signaling that control over compute, power and data centers is as strategic as its apps and algorithms. The move wraps together huge capital spending, nuclear-scale infrastructure…
Global oil majors are racing to line up ships and offshore logistics to move a sudden wave of Venezuelan crude, turning a long-sanctioned producer into the hottest new prize in the tanker market. The scramble reflects both the commercial lure of heavy barrels that fit U.S. refinery needs and the political gamble of operating under…
The United States is pouring money and political capital into reviving domestic chipmaking, but the country’s former Intel chief executive, Pat Gelsinger, is warning that the comeback is still in its early innings. Even as Washington courts semiconductor leaders and celebrates new factories, Gelsinger argues that reclaiming production from Asia will be a decade‑scale project,…
OpenAI and SoftBank Group Corp are committing $1 billion to SB Energy, turning a specialist in large-scale infrastructure into a central pillar of the Stargate data center buildout. The deal signals that the race to supply power and real estate for advanced AI is entering a new phase, where energy developers sit alongside chipmakers and…
President Donald Trump is trying to rewrite the basic bargain between Washington and the weapons industry, pairing the promise of a much larger Pentagon budget with an ultimatum that contractors will only see that money if they build faster and focus less on shareholders. Instead of quietly tweaking procurement rules, he is using public threats,…
Warren Buffett has finally handed day-to-day control of Berkshire Hathaway to his chosen successor, Greg Abel, a leader who has spent decades avoiding the spotlight even as he rose through the company’s ranks. The transition from Warren Buffett to Greg Abel as CEO marks a generational shift at one of the world’s most closely watched…
Elon Musk’s artificial intelligence chatbot Grok is at the center of a storm over sexually explicit image manipulation and a new paywall that critics say solves nothing. After viral “undressing” deepfakes triggered political outrage, X responded by locking Grok’s image tools behind a subscription, a move that has been condemned as both cosmetic and offensive…
President Donald Trump has opened a new front in his long running clash with corporate America, ordering major defense contractors to stop rewarding shareholders and instead pour cash into factories, workers, and weapons output. The move targets stock buybacks and dividend payouts at the very moment the White House is pushing for a massive expansion…
GameStop has put a staggering figure on the table for its chief executive, Ryan Cohen, tying a potential $35 billion windfall to one of the most ambitious growth targets in corporate America. To collect, Cohen has to turn a meme-stock icon into a $100 billion company, a leap that would test even the most seasoned…