DOJ settles CityMD Covid fraud allegations for $12 million
People wait in in a queue to enter CityMD, a health clinic that offers coronavirus disease (COVID-19) testing, on the Upper West Side as the Omicron coronavirus variant continues to spread in Manhattan, New York City, U.S., December 19, 2021….
Buy these stocks where AI is becoming core to the investment thesis, Morgan Stanley says
Buying stocks with a rising exposure to artificial intelligence could lead to outperformance later this year, according to Morgan Stanley. The artificial intelligence revolution has powered the current bull market rally, with Nvidia leading the way. Year to date, shares…
Oscar Health CEO Mark Bertolini is ready to take on the employer market
Mark Bertolini has helped Oscar Health move toward profitability after taking over as CEO of the health insurer a year ago. Now, he says the company’s next phase of growth and profitability will focus on tapping into the employer market….
GM has a secret to help sell its new EVs. It’s Costco.
Customers exit a Costco store in Teterboro, New Jersey, June 28, 2023. Kena Betancur | Corbis News | Getty Images “We have a great partnership with Costco, and I’m really bullish on Costco because I like their brand,” GM North…
GM has a secret to help sell its new EVs. It’s Costco.
Customers exit a Costco store in Teterboro, New Jersey, June 28, 2023. Kena Betancur | Corbis News | Getty Images DETROIT — General Motors has a not-so-secret weapon when it comes to getting U.S. consumers into its new all-electric vehicles:…
Weight loss drugs Wegovy and Mounjaro could spawn a host of new piggyback product lines
Novo Nordisk’s Wegovy weight loss drug has seen a meteoric rise in popularity. Nurphoto | Getty Images However, some companies say they are embracing the newfound market opportunity. Dutch Bioscience firm DSM Firmenich told CNBC Wednesday that it is exploring…
Chinese electric car company Nio to enter Middle East this year amid global expansion by peers
Chinese electric car company Nio launched its lower-cost brand Onvo on Wednesday, May 15, 2024, in Shanghai, China. CNBC | Evelyn Cheng BEIJING — Chinese electric car company Nio plans to expand to the Middle East this year, CEO William…
U.S. internet access economy ‘more competitive than ever’, says Fmr. FCC Chair Ajit Pai
U.S. internet access economy ‘more competitive than ever’, says Fmr. FCC Chair Ajit Pai CNBC
EV sales slump, Hertz dump take used Teslas to ‘no haggle’ $25,000 price
Hertz electric vehicle test drive at the company’s Los Angeles International Airport location on July 19, 2023 in Los Angeles, California. Rodin Eckenroth | Getty Images Entertainment | Getty Images The race to the $25,000 EV in the U.S. car…
CrowdStrike CEO explains the value of modern cybersecurity in the AI landscape
In a Wednesday interview with CNBC’s Jim Cramer, CrowdStrike CEO George Kurtz described how it serves customers who are using legacy technology from other companies. “One of the things that I talked about in my…prepared remarks on the earnings call…