Nike announced a new round of layoffs on Thursday impacting approximately 1,400 roles across the organization, mostly concentrated in its technology department.
In a note from COO Venkatesh Alagiris… [+1905 chars]

Nike announced 1,400 layoffs, primarily in its technology department, on Thursday after previously cutting 775 jobs in January.

CNBC

Nike cuts 1,400 roles in second round of layoffs this year - CNBC

The Wall Street Journal

FDA Approves First-Ever Gene Therapy to Restore Hearing - WSJ

Stocks pulled back on Thursday, led by a drop in software and higher oil prices, as investor uncertainty toward the trajectory of the Iran war hovered over the market.
The S&amp;P 500 traded down 0.… [+2357 chars]

Stocks pulled back on Thursday, led by a drop in software and higher oil prices.

Stocks close lower, retreating from records as software shares slump, oil jumps - CNBC

Intel (INTC) stock rocketed more than 16% higher in after-hours trading following a first quarter earnings report that beat analysts expectations on the top and bottom lines and provided better-than-… [+3725 chars]

Intel reported better-than-expected Q1 earnings and offered a rosy outlook for Q2.

Yahoo Entertainment

Intel stock soars on Q1 earnings beat, strong outlook - Yahoo Finance

A key reason for the layoffs is Meta's increased spending in other areas of the company, including AI, for which it will this year spend $135bn (£100bn). This is roughly equal to the amount it has sp… [+89 chars]

The cuts, which employees had been expecting for weeks, will be Meta's largest layoff since 2023.

BBC News

Meta says it will cut 8,000 jobs as AI spending grows - BBC

Citadel raised the possibility of abandoning a massive effort to expand in New York City, after Mayor Zohran Mamdani used billionaire founder Ken Griffins record-setting purchase of an apartment to t… [+316 chars]

Citadel raised the possibility of abandoning a massive effort to expand in New York City, after Mayor Zohran Mamdani used billionaire founder Ken Griffin’s record-setting purchase of an apartment to tout a new tax proposal.

Bloomberg

Citadel Raises Halting NYC Expansion in Rebuke of Mamdani - Bloomberg.com

OpenAI on Thursday released GPT-5.5, its newest AI model, which the company calls its “smartest and most intuitive to use model” yet. The algorithm comes with increased capabilities in a multitude of… [+3806 chars]

OpenAI says its latest model offers increased capabilities across a broad variety of categories.

TechCrunch

OpenAI releases GPT-5.5, bringing company one step closer to an AI ‘super app’ - TechCrunch

Microsoft Corp(NASDAQ:MSFT) shares tumbled on Thursday, after the company outlined a major overseas AI infrastructure push that also spotlights the scale of near-term spending.
Microsoft committed A… [+2402 chars]

Microsoft Corp (NASDAQ:MSFT) shares tumbled Thursday, after outlining a major overseas AI infrastructure push and near-term spending.

Benzinga

What's Going On With Microsoft Stock Today? - Benzinga

A judge this week approved a $425 million settlement in a class action lawsuit against Capital One with payouts going to eligible Capital One customers.
The class action lawsuit stems from interest … [+3029 chars]

Capital One 360 Savings account holders may be eligible to receive back payment from the bank, along with a higher savings interest rate. Here's how to know ...

Capital One to pay $425 million in settlement. Who qualifies and how to claim your cash. - Yahoo Finance

China is using electrification as…
Nuclear startups backed by Big…
By Charles Kennedy - Apr 23, 2026, 11:30 AM CDTThe war in the Middle East and the closure of the Strait of Hormuz have created the… [+2031 chars]

The war in the Middle East and the closure of the Strait of Hormuz have created the largest energy security threat the world has ever faced, Fatih Birol, the executive director of the International Energy Agency IEA, told CNBC on Thursday.

OilPrice.com

Iran War Created Biggest Ever Energy Security Threat, IEA Says - Crude Oil Prices Today | OilPrice.com

Software stocks sputtered Thursday as investors were quick to sell off the embattled sector following solid but unspectacular earnings reports fromServiceNowandIBM.

Investors appear to be treating any results that aren’t perfect as a confirmation of their worst fears about AI disruption.

Barron's

Why IBM’s Earnings Beat Spurred a Selloff in Software Stocks - Barron's

The AI model that Anthropic billed as too dangerous to release has reportedly been accessed by an unauthorized third party, and the incident raises concerns about the future of cybersecurity.The Myth… [+4352 chars]

Anthropic’s model was reportedly accessed by a handful of users in an online forum.

Fortune

A group of users leaked Anthropic's AI model Mythos by reportedly guessing where it was located - Fortune

The third launch of Blue Origins New Glenn on Sunday was both a major success and an embarrassing failure. While the rocket nailed the booster landing, an issue with the upper stage caused it to put … [+4014 chars]

Blue Origin's heavy-lift rocket failed to deliver a satellite to the proper orbit, prompting an investigation into the anomaly.

Gizmodo.com

Blue Origin Offers an Explanation for Its Embarrassing Satellite Mishap - Gizmodo

The $111 billion deal that would see Paramount Skydance swallow up Warner Bros. Discovery took another step closer to reality Thursday after WBD shareholders overwhelmingly voted in favor of the merg… [+3331 chars]

including Robert De Niro, Sofia Coppola and Holly Hunter have signed joined an open letter opposing the Paramount-Warner Bros. merger, which now has more than 4,000 signatories.

Variety

Hollywood Petition to Block Paramount-Warner Bros. Merger Tops 4,000 Names as Robert De Niro, Sofia Coppola, Holly Hunter and More Join the Fight - Variety

Time to hang it up? Microsoft will be giving some employees that chance. (GeekWire Photo / Todd Bishop)
Microsoft is offering a one-time voluntary retirement program for the first time in its 51-yea… [+2386 chars]

Microsoft is offering a one-time voluntary retirement program for the first time in its 51-year history, giving thousands of long-serving U.S. employees a chance to leave with a financial payout and extended healthcare as it works to control costs amid a mass…

GeekWire

Microsoft will offer voluntary retirement to thousands of employees in a first for tech giant - GeekWire

The 2027 7 Series is available as an EV, with an inline-six, or an inline-six PHEV.

Ars Technica

BMW bumps the 7 Series for 2027, adds all-new battery - Ars Technica

Starbucks is seeing early signs that changes to its loyalty program are paying off as value-minded consumers take advantage of its rewards, CNBC has learned.
Last month, the coffee chain brought bac… [+2051 chars]

Starbucks made some major changes to its long-standing loyalty program last month.

Starbucks' loyalty program changes are drawing value-conscious customers - CNBC

This month, Maryland became the first state in the country to pass a bill placing restrictions on surveillance pricing, the practice of setting a customized price for a consumer based on data collect… [+5611 chars]

The bill prohibits surveillance pricing at grocery stores, but experts warn there are loopholes.

How the First Surveillance Pricing Ban in America Falls Short - Gizmodo

The White House is poised to announce a drug pricing deal Thursday with Regeneron the final holdout in the administrations yearlong pressure campaign for more than a dozen pharmaceutical makers to di… [+3351 chars]

President Donald Trump has made drug pricing a central part of his domestic agenda, even as pharmaceutical costs continue to rise.

Notus.org

White House to Announce a Deal With Pharmaceutical Company Regeneron - NOTUS — News of the United States

Olena_T
Stock futures inched lower Thursday premarket, weighed down by persistent Middle East tensions despite President Trump's announcement of a ceasefire extension with Iran.
Here are some of Th… [+97 chars]

Stock market movers: QS and TXN surge on earnings; NOW, ALT, and IBM slide on guidance and dilution.

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