The U.S. Food and Drug Administration is shuffling its top drug and biologics regulators, days after the departure of former commissioner Marty Makary.
SK Hynix's Nasdaq debut via ADRs aims to reduce its "Korea discount," a valuation gap attributed to corporate governance concerns. Despite leadership in the HBM market, its P/E ratio is significantly lower than rivals like Micron, a gap experts believe the listing could narrow by improving investor access and familiarity.
South Korean chipmaker SK Hynix has achieved the largest ever foreign listing in the US, raising $26.5bn by selling 177.9 million shares on the Nasdaq. The offering highlights strong investor appetite for AI-related companies.
South Korean chipmaker SK Hynix has successfully raised $26.5 billion in its New York share offering, the largest ever by a foreign firm in the US. The company, a key supplier to Nvidia, sold 177.9 million shares at $149 each, set to trade on Nasdaq.
Fidji Simo, OpenAI's product and business chief, announced her resignation to focus on recovering from a chronic illness, Postural Orthostatic Tachycardia Syndrome (POTS). She will transition to a part-time advisor role. Simo previously led Instacart and held leadership positions at Meta.
Fidji Simo, OpenAI's product and business chief, is stepping down to focus on recovering from a chronic illness, POTS. She will transition to a part-time advisor role. Simo previously led Instacart and held leadership positions at Meta.
Stocks rebounded Thursday, with the S&P 500 gaining nearly 1% and the Nasdaq jumping over 1%, as investors dismissed concerns about U.S.-Iran conflict escalation. Meta Platforms plans to aggressively ramp up AI compute capacity, releasing its strongest model yet, Muse Park 1.1, with an API for developers. FedEx launched a dedicated healthcare unit, while Starbucks aims to use AI for in-house software tools.
