Author: i2wtc

A flag hangs on campus at Harvard University in Cambridge, Massachusetts, U.S., September 4, 2025. Shannon Stapleton | ReutersTwo Massachusetts men have been arrested in connection with a weekend explosion at Harvard Medical School, authorities said Tuesday.The FBI’s Boston office announced the arrests on social media ahead of a 1 p.m. news conference. It didn’t provide further details.The explosion occurred early Saturday on the fourth floor of Harvard Medical School’s Goldenson Building. No one was injured. The building houses labs and offices associated with the school’s neurobiology department.Medical school officials said the explosion caused no structural damage and that all…

A version of this article appeared in CNBC’s Inside Alts newsletter, a guide to the fast-growing world of alternative investments, from private equity and private credit to hedge funds and venture capital. Sign up to receive future editions, straight to your inbox.Wealthy individuals have been pouring into alternative assets in recent years, thanks in part to the explosion of evergreen funds, a certain type of fund specifically structured to allow for more liquidity. The catch is, the capital that goes into these funds often has to be spent right away, and that may be creating distortions in the markets. Think of this deployment structure as a gift…

Justin Sullivan | Getty ImagesInstacart on Tuesday launched a suite of artificial intelligence tools for grocers to deliver more personalized shopping experiences and improve retail operations.CEO Chris Rogers told CNBC that the announcement is a major step forward in the company’s enterprise strategy, which has grown to power hundreds of digital storefronts.”It’s taking everything that we’ve been building for retailers over the last decade, and it’s bringing it into the AI era,” Rogers said. “It’s really about putting enterprise-grade AI tech in every grocer’s hands, whether it’s a small, local independent or a national chain.”The collection of new AI Solutions…

Ishaq Dar hails move as industrial milestone boosting jobs and digital manufacturing Deputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar. Photo: SCREENGRAB Google has begun local assembly of Chromebooks in Pakistan, a development the government says will spur digital hardware manufacturing, create jobs, and strengthen the country’s technology supply chain. Speaking at the launch event in Islamabad on Tuesday, Deputy Prime Minister and Foreign Minister Ishaq Dar said the initiative marks “an industrial milestone” as Pakistan deepens its shift from technology consumer to technology producer. “This is not just about assembling devices, it is about future exports, new…

Palantir CEO Alex Karp ranted against short sellers, calling out specifically Michael Burry after a filing revealed the investor of “The Big Short” fame had bets against the artificial intelligence software company, as well as Nvidia, at the end of the last quarter.”The two companies he’s shorting are the ones making all the money, which is super weird,” Karp told CNBC’s “Squawk Box” on Tuesday. “The idea that chips and ontology is what you want to short is bats— crazy.””He’s actually putting a short on AI. … It was us and Nvidia,” Karp added.When reached via email by CNBC seeking…

The logos of Danish drugmaker Novo Nordisk, maker of the blockbuster diabetes and weight-loss treatments Ozempic and Wegovy is seen outside theri building as the company presents the annual report at Novo Nordisk in Bagsvaerd, Denmark, on February 5, 2025. Mads Claus Rasmussen | Afp | Getty ImagesMetsera on Tuesday said Novo Nordisk’s new bid for the obesity biotech is “superior” to a revised offer from Pfizer, escalating a heated tussle over the startup between the two pharmaceutical giants. Novo Nordisk’s new proposal values Metsera at up to $86.20 per share, for a total of around $10 billion. In a release,…

Palantir’s stock fell 6% on Tuesday as Wall Street analysts raised concerns about the company’s elevated valuation and “Big Short” investor Michael Burry revealed a short position in the software company.During an interview with CNBC’s “Squawk Box” on Tuesday, CEO Alex Karp ripped into short sellers, calling their moves “market manipulation.”Karp called the positions “super triggering” and said they are “shorting one of the great businesses of the world.””Honestly, I think what is going on here is market manipulation,” Karp said. “We delivered the best results everyone, anyone’s ever seen.”The stock move overshadowed the company’s top-and-bottom-line beat and stronger-than-expected guidance.…

Says macro-economic stability, ‘geopolitical tailwinds’ leave Pakistan poised for growth, investment Federal Minister for Finance Muhammad Aurangzeb said on Tuesday that Pakistan is enjoying a moment of convergence between internal economic stability and favourable international dynamics. In a virtual address at the second edition of the Pakistan International Maritime Expo and Conference in Karachi, he said, “Where we are as a country, we find ourselves in a good spot at this point and time because there is a confluence of factors.” He pointed to what he described as “macroeconomic stability combined with geopolitical tailwinds” as the main drivers of this…

Thomas Fuller | Lightrocket | Getty ImagesSpotify on Tuesday reported strong third-quarter results that topped Wall Street expectations and saw total revenue climb 12% year over year, but issued weak guidance for revenue and subscribers for the current quarter.Shares of Spotify fell 2% on Tuesday.Here’s what Spotify reported compared with LSEG estimates:Earnings per share: 3.28 euros vs. 1.97 euros expected.Revenue: 4.27 billion euros vs. 4.23 billion euros expected.The streaming platform increased premium subscribers by 12% to 281 million, coming in just below StreetAccount expectations of 281.24 million.Spotify hiked subscription prices in August to 11.99 euros from 10.99 euros in multiple markets, including South…

Republican gubernatorial candidate Winsome Earle-Sears and Democratic gubernatorial candidate, former U.S. Rep. Abigail Spanberger (D-VA).Anna Moneymaker | Chip Somodevilla | Getty ImagesVirginia voters on Tuesday are poised to pick their first female governor and weigh in on a scandal-rocked state attorney general’s race.The race for governor will make history, regardless of whether the winner is Democratic former U.S. Rep. Abigail Spanberger or Winsome Earle-Sears, the state’s Republican lieutenant governor.Virginia is one of 18 states that have never had a female governor. The winner will succeed Gov. Glenn Youngkin, a Republican who is term-limited from running again.Polls of the governor’s race,…