General Motors' Cruise on Thursday announced internally that it will lay off 900 employees, or 24% of its workforce, the company confirmed to CNBC.The layoffs, which primarily affected commercial operations and related corporate functions, are the latest turmoil for the robotaxi startup and come one day after Cruise dismissed...
A visualization of laser links connecting Kuiper satellites in orbit around the Earth.AmazonAmazon will include a key speed-boosting technology in its coming Project Kuiper internet satellites, the company announced Thursday.Amazon says it tested the laser link tech successfully during its recent Protoflight mission. Traditionally, satellites are limited to sending...
2026 Cadillac Vistiq EVCadillacDETROIT – Cadillac plans to round out its upcoming lineup of all-electric SUVs with a three-row vehicle called the Vistiq, a replacement for its current gas-powered XT6.The General Motors luxury brand on Thursday released images of the Vistiq, which is expected to be its fifth EV,...
Former Disney TV executive Ben Sherwood coaching his son Will.Credit: Karen SherwoodWhile Ben Sherwood was working as a top Disney television executive, he was juggling another major commitment — one he couldn't quite get the hang of.Sherwood traveled back and forth between the East and West Coasts to coach...
An exterior view of Moderna's clinical manufacturing facility. David L. Ryan | Boston Globe | Getty ImagesModerna and Merck's experimental cancer vaccine, when used in combination with Merck's blockbuster therapy Keytruda, reduced the risk of death or relapse in patients with the most deadly form of skin cancer after three...
A view of clouds over Manhattan skyline in New York, United States on August 08, 2023. (Photo by Fatih Aktas/Anadolu Agency via Getty Images)Anadolu Agency | Anadolu Agency | Getty ImagesManhattan rents fell for the first time in over two years, as the supply of empty apartments grew and...
A Cruise self-driving car, which is owned by General Motors, is seen outside the company's headquarters in San Francisco.Heather Somerville | ReutersGeneral Motors' Cruise autonomous vehicle unit has dismissed nine "key leaders" amid ongoing safety investigations sparked by an October accident in San Francisco, according to an internal message...
A sign hangs in front of the world headquarters of Vertex Pharmaceuticals in Boston on Oct. 23, 2019.Brian Snyder | ReutersShares of Vertex Pharmaceuticals jumped Wednesday after the company's painkiller, which is being tested as an alternative to opioids, significantly decreased pain in a midstage trial.Those positive results for...
SpaceX's next-generation Starship spacecraft atop its powerful Super Heavy rocket is launched from the company's Boca Chica launchpad on an uncrewed test flight, near Brownsville, Texas, U.S. November 18, 2023. Joe Skipper | ReutersThe valuation of Elon Musk's SpaceX hit $180 billion based on an ongoing secondary share sale, CNBC confirmed Wednesday.The...
Etsy is laying off 11% of its workforce at the height of the holiday season as the e-commerce giant looks to restructure its business and streamline costs against a "very challenging" macro and competitive environment, the company announced on Wednesday. Approximately 225 employees will be cut from Etsy's workforce, which...