Wegovy deal makes cofounder of ‘Hims’ a billionaire
Andrew Dudum cofounded online pharmacy Hims & Hers eight years ago, when he was 27 years old. He’s now the latest to make a fortune off the popularity of weight loss injections.
Investing
Google stock drops $150 billion as Apple executive suggests Google’s Safari dominance may be waning
With shares down almost 8%, Google lost more market cap Wednesday than the total valuation of Nike or Starbucks.
Australian AI agent startup Relevance AI bags $24 million
The funding comes as deal count for AI agent startups is up more than 81% over the last year, with more than US$8 billion invested in the space. Key facts Key background Relevance AI was launched in 2020 by Jacky Koh, Daniel Vassilev and Daniel Palmer as a platform to help businesses build AI workforces of […]
Google doubles down on Malaysia with $236 million data center deal
Malaysia is rapidly emerging as a key hub for data centers, fueled by the region’s AI boom. Last year, Google announced plans to invest $2 billion in the country.
Netflix stock dips as Trump wields 100% movie tariffs
The streaming service had previously been hailed by Wall Street as a “predictable” stock amid Trump’s unpredictable tariffs.
Skechers sells for $9 billion after warning Trump’s tariffs pose ‘existential threat’
The footwear giant pulled its full-year forecast earlier this year, citing “macroeconomic uncertainty stemming from global trade policies.”
Trump praises Albanese after election win – but has ‘no idea’ who Dutton is
US President Donald Trump has described Prime Minister Anthony Albanese as a friend and praised his election win, while also admitting he had “no idea” who ran against him.
Warren Buffett says he will step down as Berkshire Hathaway CEO
Billionaire investor Warren Buffett, 94, announced Saturday he will leave his role as Berkshire Hathaway’s CEO by the end of the year.
The Top 10 Richest People In The World (May 2025)
After a volatile April for U.S. stocks, a guide to which of the world’s top ten richest came out ahead–and whose fortunes fell.
At Warren Buffett’s final annual meeting, he remains bullish on America
The world’s most successful investor intends to hand the reins to Greg Abel at the end of the year, but he has never been more hopeful about the future.