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...Silicon Valley-based Zipline is to deliver medical supplies by drone for the UK’s NHS in a pioneering move that is meant to cut costs and improve services to hundreds of thousands of patients....
...Ogilvy, which has previously worked with a host of pharma groups including Pfizer and Johnson & Johnson, is launching a business that offers vetted influencers to talk about illnesses and possible solutions...
...In 2022, the family winery Joseph Phelps was swallowed up by the luxury group LVMH, which had already acquired a substantial stake in Colgin on prized Pritchard Hill from Ann Colgin and Joe Wender....
...Spire has been expanding in complementary services and in October paid £74mn for Vita Health Group, a mental health provider....
...One new model would be to take a Silicon Valley approach. In entrepreneurial ventures, small amounts of early-stage funding, known as angel investments, support innovative, highly uncertain work....
...“It is a coming of age,” said Howard Silverblatt, senior index analyst at S&P, of the dividend announcement....
...“A year later, it feels eerily similar to pre-SVB downfall,” said Peter Hébert, co-founder of $5bn Silicon Valley venture firm Lux Capital....
...The group reported that revenue grew about 12 per cent to $93.8bn. Fourth-quarter earnings came in at $1.58 a share, missing analysts’ expectations of $1.63....
...Zitron cites a study by Boston Consulting Group, which found that consultants who used ChatGPT to help solve business problems performed 23 per cent worse than those who didn’t use it....
...Earlier this month UnitedHealth Group also warned of growing costs....
...Paramount Global was the S&P 500’s best performer, soaring 15 per cent on news reports Skydance Media had reached a deal to acquire the entertainment group....
...Stripe co-founder John Collison told the Financial Times this week that he was “not in a rush” for an IPO of the $65bn payments group....
...High multiples on which they trade have pushed the broader S&P 500 Shiller price-to-earnings ratio, aka the cyclically adjusted p/e ratio (CAPE), up from less than 30 times in late 2022 to 34 times....
...“Silicon Valley has a huge culture of following the latest trend,” says Luckey....
...Apple was the only gainer in the Magnificent Seven group of big tech stocks. Meanwhile, the dollar was up 0.6 per cent against a basket of six peers and on track for a four-session winning streak....
...More than 90 per cent of S&P 500 stocks closed higher on Wednesday, as a broad rally in late trading lifted the benchmark index to its first record high in almost a week....
...Last week, UnitedHealth Group reported that medical costs in the last three months of 2023 were 16 per cent higher than in the same period a year earlier....
...“Because organoids can be made from human cells, they can model aspects of human biology that cannot be captured in animal testing,” said Lancaster, group leader at the UK Medical Research Council Laboratory...
...Hong Kong-listed Chinese technology shares fell on Thursday after a US Senate committee approved a national security bill, with medical devices maker WuXi AppTec opening down more than 14 per cent....
...It was closely connected with Silicon Valley royalty: Anne Wojcicki, the company’s co-founder and chief executive, received early backing from Sergey Brin, the co-founder of Google whom she went on to marry...
...Overall, almost three-quarters of the S&P 500’s constituents fell, with pharmacy operator Walgreens Boots Alliance the worst performer with a 9.9 per cent drop....
...More than 90 per cent of S&P 500 stocks closed higher, as a broad rally in late trading lifted the benchmark index to its first record high in almost a week....
...The S&P 500 was headed for a record closing high as traders assessed US inflation data that unexpectedly increased last month....
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