Market Snapshot: Dow Extends Slump After Monday Selloff As Broader Market Struggles For Altitude

The agency barred Pioneer’s former CEO from Exxon’s board on allegations that he attempted to collude with OPEC to raise oil prices. On Thursday U. S. regulators gave the go-ahead to Exxon Mobil’s $60 billion purchase of Pioneer Natural Resources, but barred Pioneer’s former CEO from Exxon’s board on allegations that he attempted to collude with OPEC to raise oil prices.

While sales of the blockbuster drug nearly doubled, the results still fell short of analysts’ expectations as the company faces competition from Eli Lilly. Danish drugmaker Novo Nordisk, the creator of Ozempic and Wegovy, announced a shocking statistic Thursday: Over 25,000 people begin Wegovy each week. The number is five times larger than the numbers from December—about 5,000 new users a week.

Enlarge / The Apple Park campus in Cupertino, California. (credit: Anadolu Agency | Getty) Apple's earnings report for the second quarter of the company's 2024 fiscal year showed a slide in hardware sales, especially for the iPhone. Nonetheless, Apple beat analysts' estimates for the quarter thanks to the company's rapidly growing services revenue. iPhone revenue dropped from $51.33 billion in the same quarter last year to $45.96 billion, a fall of about 10 percent.

The type of work AI was used for the most included marketing tasks, customer service chatbots, getting computers to understand human languages, text and data analytics, and voice recognition. The rate of businesses in the U. S. using AI is still relatively small but growing rapidly, with firms in information technology, and in locations like Colorado and the District of Columbia, leading the way, according to a new paper from U.

Gastamo Group is keeping its plate full. The Denver-based restaurant group is opening a third Lady Nomada in Central Park, bringing Homegrown Tap & Dough to Parker and opening two of its concepts in the former C. B. Potts in Westminster, according to owners Jean-Philippe Failyau and Peter Newlin. “In the city of Denver, if we don’t do a project there are five other people behind us that will,” Newlin said.

By MIKE SCHNEIDER (Associated Press) The rate of businesses in the U. S. using AI is still relatively small but growing rapidly, with firms in information technology, and in locations like Colorado and the District of Columbia, leading the way, according to a new paper from U. S. Census Bureau researchers. Overall use of AI tools by firms in the production of goods and services rose from 3.7% last fall to 5.4% in February, and it is expected to rise in the U.