Celsopupo | Istock | Getty Images Zealand Pharma on Thursday outlined an ambitious five-year strategy for its anti-obesity portfolio Thursday, spotlighting how growing competition from smaller players is tightening the race for market leaders Novo Nordisk and Eli Lilly as more of these medicines near market entry. The new strategy, “Metabolic Frontier 2030,” comes as Zealand…
The cost of travelling on the London Underground is set to rise by 5.8% next year, the mayor of London has confirmed. The increase 1% above the rate of inflation and will come into force in March. The freeze in national rail fares announced last month will not apply to Transport for London services. Sir…
Google DeepMind to build its first ‘automated science laboratory’ in the UK Google DeepMind is to build its first “automated science laboratory” in the UK, in a boost to the country’s artificial intelligence ambitions. The lab will be focused on materials science research, and will involve “world-class robotics” synthesizing and characterizing hundreds of materials per…
An undated editorial illustration of Indian rupee cash bills and a stock market indicator board. Javier Ghersi | Moment | Getty Images This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse. Subscribe here. The big story The growing pool of investors in…
Cfoto | Future Publishing | Getty Images Nvidia is developing software that could provide location verification for its AI graphics processing units (GPUs), a move that comes as Washington ramps up efforts to prevent restricted chips from being used in countries like China. The opt-in service uses a client software agent that Nvidia chip customers…
Manhattan apartment rents are climbing sharply amid growing affordability concerns, an issue mayor-elect Zohram Mamdani has pledged to rein in, according to a Bloomberg report. Citing data, the report said that the new leases were signed at a median of $4,750 in November, up 13 per cent from a year earlier and…
Google DeepMind, the tech giant’s AI unit, unveiled plans for its first “automated research lab” in the U.K. as it signs a partnership that could lead to the company deploying its latest models in the country. The AI company will open the lab, which will use AI and robotics to run experiments, in the U.K….
The Federal Reserve lowered its key interest rate Wednesday by a quarter percentage point, setting the target range between 3.5 percent and 3.75 percent, but highlighted lingering uncertainty about future policy. The 9-3 vote reflected continued divisions among policymakers, with Governor Stephen Miran advocating a half-point cut and regional Presidents Jeffrey Schmid of Kansas City…
Rupee versus dollar (AI image) The Indian rupee tanked to a fresh record low on Thursday, going past the 90 mark versus the US dollar again. The rupee has been depreciating sharply this year, influenced by ongoing challenges on the India-US trade deal front and increased corporate dollar demands.The rupee declined to 90.4675 versus the…
Today, we meet James Eder, the 42-year-old cofounder of Student Beans (a discount coupon company targeting the college crowd), who is now a work-life coach splitting his time between London and the French Alps, and author of The Collision Code. Eder was inspired to build Student Beans in 2005 after organising his university’s summer ball—a…