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Venture Capital Giant Sequoia Spins Off China and India Units

The Silicon Valley firm said the split would simplify its business, amid rising tensions between the United States and China over technology investment and development.  » mehr lesen

Ronnie Cummins, Scourge of Genetically Modified Food, Dies at 76

A lifelong protester, he became a leading promoter of organic food and a forceful critic of a food industry that genetically engineers what it produces and sells.  » mehr lesen

Hotelier Stops Making Loan Payments on Two San Francisco Properties

Park Hotels & Resorts said it stopped making payments on a $725 million loan tied to two prominent hotels in a city hit hard by pandemic-related changes.  » mehr lesen

Spotify Podcast Layoffs Will Affect Gimlet and Parcast Workers

Spotify said it was cutting 2 percent of its work force and absorbing two popular podcast studios, Gimlet Media and Parcast, into Spotify Studios.  » mehr lesen

World Bank Projects Weak Global Growth Amid Rising Interest Rates

A new report projects that economic growth will slow this year and remain weak in 2024.  » mehr lesen

Merck Sues Over Medicare Drug-Price Negotiation Law

The company is heavily reliant on a cancer drug that could be targeted by a program intended to lower drug prices.  » mehr lesen

SEC Accuses Coinbase of Breaking Market Rules

The regulator said that the cryptocurrency trading platform allowed users to trade unregistered securities, a day after it accused the crypto platform Binance of mishandling funds.  » mehr lesen

Apple Bets the Vision Pro Can Take the Metaverse Mainstream

The iPhone maker is making a bold bet that it can redefine the niche category of virtual reality with its $3,500 goggles.  » mehr lesen

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