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- BusinessTechCrunch
It's a sunny day for Google Cloud
Google Cloud, Google's cloud computing division, had a blockbuster fiscal quarter, blowing past analysts' expectations and sending Google parent company Alphabet's stock soaring 13%+ in after-hours trading. Google Cloud revenue jumped 28% to $9.57 billion in Q1 2024, bolstered by the demand for generative AI tools that rely on cloud infrastructure, services and apps. Google Cloud's operating income grew nearly 5x to $900 billion, up from $191 million.
2 min read - BusinessAFP
Stocks fall as tech shares sink, US economy slows
London's stock market bucked the trend in reaching another record high on Thursday, but Wall Street and eurozone equities fell as tech shares sank after Meta signaled an AI spending spree and data showed slower US economic growth.- London bucks trend - London's FTSE 100 index bucked the trend as it struck 8,102.14 points to briefly reach an all-time high for a third session running, ending in positive territory despite the declines elsewhere.
3 min read - BusinessTechCrunch
Rubrik's shares end trading up almost 16% on the company's public debut
Rubrik shares hit the New York Stock Exchange Thursday, debuting at $38 a share. Rubrik sells cloud-based security software to enterprise customers and has 1,700 customers with contracts worth more than $100,000 and 100 customers who pay the company more than $1 million a year. The VCs most hoping that Rubrik's stock keeps climbing are Lightspeed and Greylock.
4 min read - BusinessReuters
Cigna to offer Humira rivals with $0 copay at specialty pharmacy
Cigna plans to make close copies of AbbVie's blockbuster arthritis drug Humira available with no out-of-pocket payment to eligible patients in the U.S. using its specialty pharmacy beginning in June, the health insurer said on Thursday. Cigna said it will stock high- and low-concentration biosimilar versions of Humira from drugmakers including Boehringer Ingelheim, Teva and Alvotech at its Accredo pharmacy.
2 min read - OpinionMSNBC
Opinion | Biden’s FTC just exposed one of the GOP and businesses’ biggest lies to workers
The Federal Trade Commission earlier this week voted to ban noncompete contracts for most workers in the United States.
4 min read - USKansas City Star
15 KC area restaurants had health violations, including these burger and sushi spots
Several Kansas City area restaurants had multiple health code violations this week, including a popular sports bar and gaming lounge.
2 min read - Businessetf.com
TJUL: The Innovator Equity Defined Protection ETF
The 2024 etf.com Awards Best New ETF nominee is the first of Innovator’s growing suite of defined outcome ETFs.
3 min read
