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Apple's WWDC underwhelms on AI, but software gets biggest facelift in over a decade
CNBC· 2025-06-10 07:42
Apple's annual developer conference on Monday lacked the splashy announcement that fans are used to seeing at WWDC. There was nothing like the Vision Pro reveal from 2023 or the Apple Intelligence announcement last year.But there was an important software update that, later this year, will change the way all of Apple's major devices, from iPhones and Mac laptops to Vision Pro virtual reality headsets, will look. It's a new design language that runs across all of Apple's operating systems. The company is cal ...
Disney to pay Comcast $438.7 million to take full control of Hulu, ending lengthy valuation process
CNBC· 2025-06-10 05:29
Signage is seen at the 2019 Deadline Contenders Hulu Reception at Paramount Theater on the Paramount Studios lot on April 07, 2019 in Hollywood, California.Disney has agreed to pay Comcast $438.7 million for its stake in the streaming service Hulu, concluding a years-long appraisal process.In 2023 Disney announced it intended to buy Comcast's 33% stake in Hulu. At the time, Disney paid $8.6 billion, which reflected Hulu's guaranteed minimum value of $27.5 billion. The two companies had agreed on that floor ...
FDA approves Merck's RSV shot for infants, ramping up competition with Sanofi and AstaZeneca
CNBC· 2025-06-10 03:30
The Food and Drug Administration on Monday approved Merck's shot designed to protect infants from respiratory syncytial virus during their first season of the virus, bringing to market a rival to a similar treatment from Sanofi and AstraZeneca.The decision will allow the company to launch the drug, which will be marketed as Enflonsia, ahead of the RSV season that typically kicks off around fall and winter and lasts through the spring. Merck said in a release that it expects orders for the shot to begin in J ...
Topgolf Callaway stock jumps 11% after director scoops up more than $2 million worth of shares
CNBC· 2025-06-10 00:56
Sports entertainment, equipment and apparel stock Topgolf Callaway Brands surged on Monday after a high-profile corporate director bought shares in the company.The moves comes after board member Adebayo Ogunlesi purchased about $2.5 million worth of shares last week, disclosed in a securities filing on Friday.Purchases by corporate executives and directors can sometimes be seen as a vote of confidence in the company, and this purchase comes from an insider with the type of resume that Wall Street likes.Ogun ...
Warner Bros. Discovery split throws the future of TNT Sports into question
CNBC· 2025-06-10 00:07
Earlier this year, Warner Bros. Discovery Chief Executive Officer David Zaslav ended his company's long relationship with the National Basketball Association. Now, he may be setting the stage to end his relationship with U.S. sports, altogether.WBD announced Monday it's splitting itself into two companies — a concept CNBC first reported had picked up steam in April. One company, temporarily called Streaming and Studios, will consist of Warner Bros. Television, Warner Bros. Motion Picture Group, DC Studios, ...
'Trump accounts': CEOs to unveil investments for newborns at White House
CNBC· 2025-06-09 23:34
US President Donald Trump gives a thumbs up as he exits Marine One and walks to board Air Force One at Joint Base Andrews, Maryland, on June 6, 2025.The CEOs of Uber, Dell, Goldman Sachs and more are expected to announce Monday that they will collectively invest billions of dollars into so-called Trump accounts for the children of their employees, a White House spokesperson confirmed to CNBC.The executive are slated to make the commitments during President Donald Trump's roundtable event touting the eponymo ...
Walmart is using its own fintech firm to provide credit cards after dumping Capital One
CNBC· 2025-06-09 22:51
A Capital One Walmart credit card sign is seen at a store in Mountain View, California, United States on Tuesday, November 19, 2019.Walmart's majority-owned fintech startup OnePay said Monday it was launching a pair of new credit cards for customers of the world's biggest retailer.OnePay is partnering with Synchrony, a major behind-the-scenes player in retail cards, which will issue the cards and handle underwriting decisions starting in the fall, the companies said.OnePay, which was created by Walmart in 2 ...
Microsoft enters portable gaming with new ROG Xbox Ally devices
CNBC· 2025-06-09 22:41
Microsoft Xbox players will soon be able to take their favorite games anywhere with the launch of the new ROG Xbox Ally handhelds.This is a first for Xbox, which has never released a handheld before.The devices, developed in collaboration with ASUS, offer a full-screen Xbox experience meant for portable play.Players will be able to access Xbox games, stream content, and play on the go with built-in support for cloud gaming."Players can look forward to an approachable gaming experience that travels with you ...
IonQ buys UK quantum startup Oxford Ionics for more than $1 billion
CNBC· 2025-06-09 22:12
IonQ is buying United Kingdom-based quantum computing startup Oxford Ionics in a deal valued at nearly $1.1 billion.Shares gained about 4%.The companies said in a release that the deal will combine IonQ's quantum computing hardware and software knowledge with Oxford Ionics' semiconductor chip technologies. The company aims to deliver breakthroughs in the field and capitalize on growing revenue opportunities."We believe the advantages of our combined technologies will set a new standard within quantum comput ...
Photos show Waymo vehicles on fire during L.A. protests as company cuts service
CNBC· 2025-06-09 21:45
In this articleGOOGLA row of Waymo vehicles burn on a street during an anti-ICE protest in downtown Los Angeles, California, on June 8, 2025.Benjamin Hanson | Afp | Getty ImagesSeveral Waymo autonomous vehicles were set ablaze in downtown Los Angeles on Sunday amid widespread protests against President Donald Trump's immigration crackdown.A spokesperson for the Alphabet-owned company confirmed there were multiple Waymo vehicles "in the vicinity" of protests that were unable to be retrieved, NBC News reporte ...