HomeMarket NewsSmall CapsDraftKings Apologizes For 9/11 'Never Forget' Parlay Promotion, Apple Set For Selling...

DraftKings Apologizes For 9/11 'Never Forget' Parlay Promotion, Apple Set For Selling 'Made In India' iPhone 15 on Launch Day, MGM Resorts Faces Ongoing Cyber Incident: Today's Top Stories

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Benzinga

DraftKings Apologizes For 9/11 ‘By no means Neglect’ Parlay Promotion On Sportsbook App

  • DraftKings Inc DKNG has apologized for a parlay that the app featured on Sunday night time.
  • DraftKings shares featured parlays on its app, comparable to the present choices of the “Shay Shay Parlay,” which incorporates three betting picks from Shannon Sharpe, or the “Arduous Knocks” parlay, which incorporates 4 completely different bets on the Jets forward of the Monday Night time Soccer recreation. 

MGM Resorts Faces Ongoing Cyber Incident

  • MGM Resorts Worldwide MGM had pulled the plug on a number of laptop methods, together with its web site, stemming from a “cybersecurity challenge.”
  • “We rapidly started an investigation with help from main exterior cybersecurity specialists,” MGM stated in a submit on X.
  • The discontinuation weighed on almost each facet of the on line casino operator’s enterprise.
  • Nonetheless, the report talked about that the corporate’s gaming flooring had been again on-line on Monday night. Nonetheless, MGM has not additional up to date its reservation and room reserving methods.

Corrugated Packaging Firm WestRock Agrees To Merge With European Agency Smurfit Kappa

  • WestRock Firm WRK shares are gaining in premarket buying and selling at this time after the corporate and Smurfit Kappa Group Plc SMFKY stated they are merging to create Smurfit WestRock, a sustainable packaging firm with scale, high quality, product and geographic range.
  • Beneath the phrases of the settlement, for every share of widespread inventory, stockholders will obtain one new Smurfit WestRock share and $5.00 in money.

Moderna, Pfizer Get FDA Nod For Omicron COVID Boosters Whereas Novavax Waits

  • The U.S. Meals and Drug Administration authorized and approved up to date COVID-19 vaccines by Moderna Inc MRNA and companions Pfizer Inc PFE and BioNTech SE BNTX geared toward higher countering circulating viral strains, together with the omicron variant XBB.1.5.
  • Shares of Novavax Inc NVAX, an organization additionally within the race to replace its COVID-19 vaccine, fell nearly 13% after the approval of Pfizer’s and Moderna’s vaccines. Novavax’s vaccine makes use of protein-based expertise and continues to be awaiting FDA approval.

GlobalFoundries Expands Singapore Presence with $4B Fab Opening

  • GlobalFoundries Inc GFS has unveiled its $4 billion enlargement fabrication plant (fab) in Singapore, solidifying its presence within the semiconductor manufacturing sector. 
  • The 23,000-square-meter facility is ready to create 1,000 high-value jobs in Singapore, specializing in tools technicians, course of technicians, and engineers, contributing to the nation’s imaginative and prescient of turning into a world hub for superior manufacturing by 2030.

Sweeping Up The Skies: Amazon Buys 250,000 Metric Tons Of CO2 Elimination Credit From 1PointFive

  • Amazon.Com Inc AMZN has invested for the primary time in direct air seize local weather expertise by agreeing to buy 250,000 metric tons of carbon dioxide elimination (CDR) credit over ten years.
  • STRATOS will allow the CDR credit for Amazon, 1PointFive’s first commercial-scale DAC plant, presently below development in Texas.
  • Beneath the 10-year settlement with Amazon, the captured CO2 underlying the CDR credit shall be saved in saline reservoirs not related to oil and fuel manufacturing.

Acelyrin’s Izokibep Flunks Hidradenitis Suppurativa Examine

  • Acelyrin Inc SLRN introduced topline outcomes from Half B of a Section 2b/3 trial evaluating izokibep for moderate-to-severe Hidradenitis Suppurativa. 
  • The first endpoint of HiSCR75 at week 16 didn’t meet statistical significance. 
  • Nonetheless, response charges for izokibep confirmed early HiSCR100 responses, a transparent dose impact supported by each pharmacokinetic exposures and HiSCR responses favoring 160 mg weekly dosing, and no proof of security or tolerability limitation.

 

Reuters

UAW Makes Headway In Labor Talks, However Settlement Nonetheless Not In Attain

  • Normal Motors Firm GMFord Motor Firm F, and Stellantis N.V STLA are solely three days away from a attainable strike by UAW, with 146,000 autoworkers.
  • The United Auto Employees union President Shawn Fain reportedly stated the talks between the union and the Detroit Three automakers have made some headway, however an settlement has not been reached.

 

Bloomberg

Apple Set For Promoting ‘Made In India’ iPhone 15 on Launch Day

  • Apple Inc AAPL will seemingly break new floor by making its India-built iPhone 15 obtainable on the worldwide launch day, a big shift in Apple’s provide chain technique as U.S.-China geopolitical tensions escalate.
  • Historically, China manufactured nearly all of iPhones. Nonetheless, with the introduction of the iPhone 15, Apple plans to supply India-assembled gadgets on the primary day of sale, marking a milestone for Indian manufacturing.

Arm’s CEO Charts New Course for IPO: Embracing Excessive-Worth Chip Design

  • Arm Ltd CEO Rene Haas is getting ready for the yr’s most important preliminary public providing, emphasizing a strategic shift, probably placing it in competitors with its chipmaker clients. 
  • Haas acknowledged in a video presentation for potential buyers, “We made a big shift in our technique.” Traditionally, Arm’s major focus has been designing chips for smartphones and different digital gadgets, promoting this expertise inexpensively to firms like Qualcomm Inc QCOM.

Semiconductor Packaging: Key to US Tech Management in AI, Says Cadence CEO

  • Based on Anirudh Devgan, CEO of Cadence Design Methods Inc CDNS, semiconductor packaging is the important thing to U.S. management in rising applied sciences like synthetic intelligence. Whereas refined chip packaging has helped firms like Nvidia Corp NVDA develop AI accelerators, a restricted variety of suppliers at the moment are inflicting bottlenecks. 
  • As computational calls for enhance and superior chips develop into dearer attributable to smaller transistors, working with three-dimensional constructions and overcoming bodily limitations is important.

 

CNBC

UPS CEO Efficiently Pitches New Labor Contract, Says 46% Of Compensation To Happen In First 12 months

  • United Parcel Service Inc UPS administration reportedly acknowledged that the bills associated to the latest Teamsters contract are decrease than the quantity asserted by the union.
  • UPS’s CEO Carol Tome stated that the prices incurred by the corporate for the brand new Teamsters contract are lower than the” $30 billion in new cash” touted by the union, as the corporate goals to promote buyers on the settlement.

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