Cadillac Optiq: New entry-level EV crossover

2025 Cadillac OptiqCadillacDETROIT – Cadillac's new entry-level electric vehicle will be a compact-sized crossover called Optiq, the company said Friday.The General Motors brand said the vehicle, which will be its fourth EV, will slot below the current entry-level Lyriq midsize crossover EV, which starts around $59,000.Cadillac declined to disclose...

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CDC expedites release of Sanofi, AstraZeneca drug amid shortage

A RSV-infected child receives treatment, as RS-Virus infections spread among children at Missio children's clinic Moenchberg, in Wuerzburg, Germany, December 2, 2022. Heiko Becker | ReutersThe Centers for Disease Control and Prevention expedited the release of more than 77,000 additional doses of a new drug designed to protect infants from...

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Stocks making the biggest moves before the bell: BABA, AMAT, GPS

Check out the companies making headlines in premarket trading. Alibaba — U.S.-listed shares of the Chinese e-commerce giant slipped 3.2%, adding to Thursday's steep losses that were sparked by Alibaba announcing that it would no longer spin off its cloud computing business. Alibaba pointed to the U.S. export restrictions...

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Sierra Space lays off hundreds in push toward Dream Chaser launch

A rendering on a Dream Chaser spaceplane in orbit.Sierra SpaceSierra Space, one of the sector's most valuable private companies, laid off several hundred employees and contractors this week, CNBC has learned.A Sierra Space spokesperson confirmed the company let go of about 165 employees on Thursday, but declined to specify...

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Stocks making the biggest moves after hours: ROST, GPS, CMP, CHPT

Check out the companies making headlines in extended trading. Applied Materials — Shares of the semiconductor company slid more than 7%. Reuters , citing people familiar, reported that Applied Materials was being probed by the Justice Department for potentially dodging export restrictions on Chinese chip company SMIC. Gap —...

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Gap (GPS) earnings Q3 2023

A Gap retail store sign on September 20, 2022 in Los Angeles, California. Allison Dinner | Getty ImagesGap posted a better-than-expected third quarter on Thursday, but the apparel retailer still appears cautious ahead of the holiday season as it works to reverse slowdowns at Banana Republic and Athleta. The company, which...

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