Author: i2wtc

Opendoor co-founder and newly minted board chair Keith Rabois said remote work and a “bloated” workforce have been a drag on the company’s culture, as he vowed to slash headcount.”There’s 1,400 employees at Opendoor. I don’t know what most of them do. We don’t need more than 200 of them,” Rabois told CNBC’s “Squawk on the Street” on Friday.The online real-estate platform on Wednesday appointed former Shopify executive Kaz Nejatian as its new CEO after investor pressure caused his predecessor, Carrie Wheeler, to resign last month. Opendoor, which is based in San Francisco, also named Rabois as chairman and said…

The Green Shirts crushed Oman with ease, but still need to up their game as the India clash looms. A disclaimer to start with: it was just Oman. So, Pakistan fans, don’t get too excited. I hope most of you won’t, since, traditionally, this team keeps finding new ways to disappoint us. With the emotions now set aside, let’s “objectively” look into what Pakistan came up with in their Asia Cup opener at the Dubai International Cricket Stadium on Friday. The boys in green, as expected from them, swept aside the Omanis with utter disdain, continuing the pattern of big…

Eli Lilly and Novo Nordisk are preparing to take their rivalry to the next frontier of weight-loss medications: pills.Both companies expect to launch oral obesity drugs in the U.S. next year, once regulators approve them. Daily pills could introduce more people to GLP-1s, the class of medicine that’s best known for weekly shots.But after Lilly’s pill produced less weight loss than analysts had expected in a recent late-stage trial, it raised new questions about how widely the oral drugs will be adopted and which rival company will dominate the space.Doctors will get a closer look at how Lilly and Novo’s…

Gemini Co-founders Tyler Winklevoss and Cameron Winklevoss attend the company’s IPO at the Nasdaq MarketSite in New York City, U.S., Sept. 12, 2025. Jeenah Moon | ReutersShares of Gemini Space Station soared more than 40% on Thursday after the exchange operator raised $425 million in an initial public offering.The stock opened at $37.01 on the Nasdaq after its IPO priced at $28. At one point, shares traded as high as $40.71.The New York-based company priced its IPO late Thursday above this week’s expected range of $24 to $26, and an initial range of between $17 and $19. That valued the…

Vials with Pfizer-BioNTech and Moderna coronavirus disease (COVID-19) vaccine labels are seen in this illustration picture taken March 19, 2021.Dado Ruvic | ReutersShares of Pfizer and Moderna fell on Friday after a report that Trump administration health officials plan to link Covid vaccines to the deaths of 25 children. The report from the Washington Post said officials plan to include the claim in a presentation next week to a key vaccine panel that advises the Centers for Disease Control and Prevention.That committee plays a critical role in determining vaccine access, as it reviews immunization data and makes recommendations on who is…

The Supreme Court questioned the Federal Board of Revenue’s (FBR) handling of the super tax case, with Justice Muhammad Ali Mazhar observing that “the entire burden comes down on the common man”. A five-member constitutional bench, headed by Justice Aminuddin Khan, took up petitions challenging the imposition of super tax by the Pakistan Muslim League-Nawaz (PML-N) government in 2015 to raise funds for people displaced by Operation Zarb-e-Azb. Hearing FBR counsel Asma Hamid’s arguments on Friday, the court qestioned the impact of the levy on ordinary citizens.  Hamid apprised the bench that two paragraphs in the Islamabad High Court’s (IHC) decision contradicted each…

Pakistan scored 160-7 on the back of Mohammad Haris’s 66 after electing to bat first against Oman in their opening Twenty20 International (T20I) encounter of the men’s Asia Cup 2025 in Dubai on Friday. The Green Shirts go into the tournament on a high, having convincingly beaten Afghanistan in the final of a tri-series, also involving hosts United Arab Emirates (UAE), last week. Mohammad Haris top-scored with 66 of 43 deliveries after being sent at his preferred position of one down for a change after a string of failures down the order in the tri-series. Oman restricted the Pakistani batters…

ISLAMABAD: A district and sessions court in Islamabad on Thursday partially set aside a lower court’s order for blocking some YouTube channels in view of their alleged anti-state content. Additional District and Sessions Judge Muhammad Afzal Majoka annulled the verdict of a judicial magistrate, accepting the petitions filed by 11 content creators including some senior journalists. During the proceedings, the judge expressed dissatisfaction with the National Cyber Crime Investigation Agency (NCCIA) prosecutor. He remarked that the agency appeared to be shifting its responsibilities onto the court, warning that such practices would not be allowed. He asked under which authority the…

Participants at the presentation of new iPhone models from Apple try out the new thinner iPhone Air. Andrej Sokolow | Picture Alliance | Getty ImagesApple has postponed the launch of its new iPhone Air model in China due to regulatory issues surrounding its eSIM design, the company said.Wireless carriers in China need a special license from the government before they can sell a new device with an eSIM, and the carriers haven’t secured that approval yet, Apple said. The company added that it is working to make the device available in China as soon as possible.Apple announced the iPhone Air…

A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.The family offices of high-net-worth investors are increasingly pouring their money into alternatives, and real estate is high on their list. For some, instead of going it alone, they’re joining forces in multifamily offices.The multifamily office model lets these investment arms of wealthy families pool resources, share expertise and…