Author: Daniel snow
At his restaurant in Beijing, Geng Xiaoyun used to offer a special dish of salt-baked chicken feet — or “phoenix talons” as they are called in China — imported from America.With prices climbing 30% from March due to tariffs, the owner of Kunyuan restaurant had to pull the Chinese delicacy from the menu.”American chicken feet are so beautiful,” Xiaoyun said. “They’re spongy so they taste great. Chinese [chicken] feet just aren’t as good.”Geng can now source chicken feet from Brazil or Russia but said they just don’t stand up to the American ones. He keeps a small stash for himself…
The Trump administration is confident that a massive liquified natural gas project in Alaska will find investors despite its enormous cost.President Donald Trump has pushed Alaska LNG as a national priority since taking office. Alaska has already spent years trying to build an 800-mile pipeline from the North Slope above the Arctic south to the Cook Inlet, where the gas would be cooled and shipped to U.S. allies in Asia.But Alaska LNG has never gotten off the ground due to a stratospheric price tag of more than $40 billion. Trump has pushed Japan and South Korea in particular to invest…
The old adage that investors should “sell in May and go away” is already looking like a bust. Source link
Uber said Monday that Pierre-Dimitri Gore-Coty, one of the company’s longest-tenured top executives and the head of is delivery business is leaving after almost 13 years.Gore-Coty joined Uber as a general manager in France in 2012, and worked his way up to become vice president of mobility for the Europe and Middle East region four years later, according to his LinkedIn profile. He was named senior vice president of delivery in 2021.”It’s hard to imagine Uber without Pierre, because there hasn’t been much Uber without Pierre,” CEO Dara Khosrowshahi said in a statement that was part of a regulatory filing.…
Paradromics implanted—then removed—the device in an epileptic patient. The goal is to help people with conditions like ALS. Source link
Bristol Myers Squibb on Monday made a splashy move to fortify its drug pipeline. However, the subdued stock reaction suggests Wall Street is looking for more show than tell. So are we. The news The drugmaker announced a licensing deal with Germany’s BioNTech to jointly develop and commercialize the latter’s experimental cancer therapy known as BNT327. The drug, which is still in clinical trials, belongs to an increasingly popular group of treatments called immuno-oncology. Often called IO for short, these treatments work by getting a patient’s own immune system to help fight the cancer. Merck ‘s Keytruda is the best-known…
It might sound counterintuitive, but conflict and disagreement are two essential ingredients to a business’ success.That’s according to marketer, entrepreneur and music executive Steve Stoute, who counts Jay-Z, McDonalds, the New York Knicks and Google’s Lorraine Twohill among the many big names that have relied on his expertise. In an interview with The New York Times, Stoute said that “there’s something wrong” if a business has “no conflict.””Getting people comfortable around challenge in a respectful way is a very important value,” he said. “What I’m trying to do is have people embrace the idea that it’s OK to disagree.”The 54-year-old…
A little-noticed provision in President Donald Trump’s sweeping tax and spending bill could spark the next battle in an escalating global trade war — and potentially unnerve an already rattled market for U.S. Treasurys that is critical to the global economy. Source link
Sridhar Ramaswamy, CEO of Snowflake, speaks at the Semafor World Economy Summit in Washington on April 25, 2025.Tasos Katopodis | Semafor | Getty ImagesData analytics software maker Snowflake said Monday it has agreed to buy Crunchy Data, a startup that offers cloud-based database software. Snowflake will pay about $250 million, according to a person familiar with the matter who was not authorized to speak publicly about the deal.Crunchy Data sells access to a cloud-hosted version of the PostgreSQL open-source database, which replaced MySQL as the most popular database in Stack Overflow’s annual developer survey in 2023. Crunchy Data’s service includes…
Why interest rates are likely to be lower than today within the next few weeks. Source link