US: News

Bret Taylor will be co-CEO alongside Marc Benioff, who built Salesforce into one of the world’s largest enterprise software companies. Taylor was quickly promoted at Salesforce after the company acquired his productivity software start-up Quip in 2019. Taylor has been a prominent voice on earnings calls and played a key role in Salesforce’s Slack acquisition.
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Salesforce reported fiscal third-quarter earnings on Tuesday. Salesforce named Bret Taylor to be co-CEO alongside current CEO Mark Benioff. Salesforce said earnings per share for the December quarter would be between 72 and 73 cents, lower than Refinitiv analyst expectations of 81 cents. Salesforce reported fiscal third-quarter earnings on Tuesday for the period ending Oct.
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The FDA’s Antimicrobial Drugs Advisory Committee voted 13 to 10 to recommend emergency authorization of molnupiravir. Molnupiravir is an oral antiviral drug designed to treat adults with mild to moderate symptoms of Covid-19 who are at high risk of severe disease. Most committee members agreed it was a difficult vote, with unanswered questions about the
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Microsoft shareholders voted for the proposal, backed by Arjuna Capital, at the company’s annual general meeting. The move comes after a board-level investigation into co-founder Bill Gates’ activities almost two decades earlier. Microsoft shareholders on Tuesday approved a proposal asking the board to publish a report on the effectiveness of its workplace sexual harassment policies
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Automotive executives believe President Joe Biden’s goal of half of new vehicles sold in the U.S. to be electric by 2030 is achievable, according to a new KPMG survey. While estimates varied widely, the survey on average found that executives expect 52% of new vehicle sales to be all-electric by 2030. A majority of survey
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White House chief medical advisor Dr. Anthony Fauci said Tuesday that 226 cases of the highly mutated omicron Covid-19 variant have been detected across 20 countries so far, but U.S. officials haven’t yet confirmed a case in the states. The variant, which first emerged in South Africa about a week ago, has more than 30
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Elon Musk described a dire situation with SpaceX’s development of Raptor rocket engines the day after Thanksgiving in a company-wide email, a copy of which was obtained by CNBC. “The Raptor production crisis is much worse than it seemed a few weeks ago,” Musk wrote. Raptor engines power the company’s Starship rocket, with Musk adding
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BMW on Monday night unveiled a high-performance concept vehicle that previews an electrified crossover expected to begin production late next year in South Carolina. The new production car, called the BMW XM, will be available exclusively as a plug-in hybrid electric vehicle under the company’s “M” performance division, the company said. BMW said the U.S.
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Defense attorneys wrapped up their questioning of Theranos founder Elizabeth Holmes on Monday, her fourth day on the stand. Holmes gave emotional testimony, accusing Theranos ex-president Ramesh “Sunny” Balwani of physical and psychological abuse. Prosecutors now get their opportunity to cross-examine Holmes, who is facing 11 counts of wire fraud and conspiracy to commit wire
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CDC Director Rochelle Walensky told all U.S. adults to get a booster shot. The strengthened recommendation comes as public health officials worry that the omicron variant could exacerbate an expected winter infection surge. The variant has not yet been detected in the U.S. The Centers for Disease Control and Prevention on Monday strengthened its recommendation
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Parag Agrawal, Twitter’s incoming CEO, is an engineer who worked his way up over the past decade to become the company’s technology chief. Agrawal has been Jack Dorsey’s closest partner in thinking about the future of the Twitter platform and decentralizing social media, a former company executive told CNBC. “He’s been my choice for some
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The U.S. on Friday said it would ban visitors from South Africa and 7 other southern African nations after the detection of the omicron variant. Japan, the U.K. and Israel are among the countries that have also put travel restrictions in place to stem the spread of the variant. The variant has already been detected
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The trial of Ghislaine Maxwell was set to begin with a federal prosecutor’s opening statement laying out the case against the British socialite accused of acting as a procurer of underage girls to be sexually abused by Jeffrey Epstein. Maxwell’s federal trial comes 17 months after her arrest and more than two years after Epstein
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Cancellations were minimal compared with mass disruptions earlier this year. Southwest and American were among the airlines that offered staff extra bonus pay for holiday trips. Concern over the omicron variant sparked new travel restrictions in the U.K., U.S., Japan, Israel and elsewhere. U.S. airlines over Thanksgiving week had some of their busiest days since
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Over the five-day Thanksgiving holiday weekend, moviegoers in the U.S. and Canada spent around $142 million on tickets for movies like “Encanto,” “House of Gucci” and “Ghostbusters: Afterlife.” The haul is not as robust as previous years, where ticket sales often topped $250 million, but showcases consumer confidence in returning to cinemas amidst the pandemic.
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On Friday, Tesla CEO Elon Musk urged employees to focus on “minimizing cost of deliveries,” rather than expediting deliveries of cars to customers to hit end-of-quarter goals. Tesla has generally ramped up deliveries of cars to customers at the end of each quarter. Now, Tesla and other automakers are facing parts shortages, port constraints and
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The Biden administration on Friday proposed reforms to the country’s oil and gas leasing program that would raise costs for energy companies to drill on public lands and water. The long-anticipated report stopped short of recommending an end to oil and gas leasing on public lands and did not indicate that the administration would take
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Reviewing South Africa’s research will help the U.S. better understand whether the variant can evade the antibody protection provided by vaccines and previous infection, Fauci said. Fauci added that analyzing the data could help determine whether travel restrictions against countries in southern Africa might also be necessary in the U.S. The new strain has now
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The U.K. said it would suspend flights from South Africa and surrounding countries because of the new variant. The European Commission recommended a pause on travel between the EU and southern Africa. The new restrictions highlight how new variants of Covid-19 can quickly disrupt travel, just as many airlines and aircraft manufacturers like Boeing were
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