Business

Shares of Coinbase Global, the biggest U.S. cryptocurrency exchange, have nearly doubled over the last month—and were up some 265% over the last year—through trading on Monday, which saw the biggest single-day gain since January 2022. The stock closed at $229.15 after reaching as high as $236.46. Shares within the last year had fallen to as low as $46.43. Investors…

BYD Co. has been contacted by the Italian government as part of the country’s efforts to attract a second car manufacturer beyond Fiat maker Stellantis NV.  “We have some contacts to discuss about that,” Michael Shu, managing director of BYD Europe, said in an interview at the Geneva International Motor Show. The need for a second European plant “depends on…

BYD Co. is underscoring its European ambitions at the Geneva car show this week by showing off models including a 1,200-horsepower luxury sport utility vehicle that can float on water. The Yangwang U8 plug-in hybrid — which is also able to make a 360-degree “tank turn” on the spot — would compete with the Mercedes-Benz G-Class and the Land Rover…

Vaccines that protect against severe illness, death and lingering long Covid symptoms from a coronavirus infection were linked to small increases in neurological, blood, and heart-related conditions in the largest global vaccine safety study to date. The rare events — identified early in the pandemic — included a higher risk of heart-related inflammation from mRNA shots made by Pfizer Inc., BioNTech SE, and Moderna Inc., and an increased…

They say anything men can do, women can do better—which may include reaping the health benefits of regular exercise. That’s according to a new study published today in the Journal of the American College of Cardiology. An international team of researchers from the U.S. and China showed that women who exercise regularly have a significantly lower risk of an early…

When Vermont senator Bernie Sanders was running for president the first time, the Democratic Socialist turned some heads when he lambasted the choice overload in—of all places—the deodorant aisle. “You don’t necessarily need a choice of 23 underarm spray deodorants or of 18 different pairs of sneakers when children are hungry in this country,” Sanders told CNBC in 2015. “I…

OpenAI co-founder Sam Altman wants to raise up to $7 trillion for a new AI chip project. That’s a lot of money. To be specific, it’s more than the entire federal budget, twice the U.K.’s annual GDP, 13 times 2023’s global chip sales, or enough to pay for over two years of universal healthcare in the U.S.  But comparisons aside,…

An experimental weight-loss shot from Amgen Inc.—taken less frequently than wildly popular treatments from Eli Lilly & Co. and Novo Nordisk A/S—appears to keep weight off even after patients stop taking it. Patients given a monthly injection of Amgen’s drug, dubbed MariTide, lost up to 14.5% of their body weight in just 12 weeks, according to a small, early-stage study…

The COVID-19 pandemic instigated a resurgence of government-funded income subsidies in the form of stimulus checks to hundreds of millions of Americans. But these programs were short-lived and didn’t have the long-term impact of other universal basic income programs. Some localities in the aftermath of the pandemic have started offering guaranteed income programs, which are under fire by Republicans who…

International Business Machines Corp. delivered a companywide ultimatum to managers who are still working remotely: move near an office or leave the company. All US managers must immediately report to an office or client location at least three days a week “regardless of current work location status,” according to a memo sent on Jan. 16 viewed by Bloomberg. Badge-in data…