Varda's first manufacturing satellite and reentry vehicle attached to a Rocket Lab Photon bus.Rocket LabSpace startup Varda received long-awaited approval from the Federal Aviation Administration to bring its first spacecraft back to earth after a stint manufacturing drugs in space.Varda's small W-Series 1 capsule, or W-1, has been stuck...
Chuck Robbins, Cisco CEO & Chairman, at the WEF in Davos, Switzerland on May 25th, 2022.Adam Galica | CNBCCisco said in a statement on Wednesday that it would lay off 5% of its employees. The networking hardware maker has about around 85,000 employees, a spokesperson told CNBC, implying that the...
Check out the companies making headlines in midday trading.Uber — Uber's shares jumped 11%, climbing to a new 52-week high, after the ride-hailing company announced an inaugural $7 billion share repurchase authorization program. Uber also said it expects gross bookings growth to be in the mid to high-teens over...
A variety of generic pills and capsules. Nenov | Moment | Getty ImagesThe Federal Trade Commission on Wednesday said it is examining the role that drug wholesalers and companies that purchase medicines for U.S. health-care providers play in shortages of generic drugs, which account for the majority of Americans' prescriptions.The...
Mat Ishbia, majority owner of the NBA's Phoenix Suns, talks to the media during his introductory press conference at the Footprint Center in Phoenix, Arizona, on Feb. 8, 2023.Barry Gossage | Getty ImagesPhoenix Suns owner Mat Ishbia is forming a new sports, entertainment and real estate investment group as...
