CNBC Business

The cuts come after a barrage of safety concerns and incidents have plagued the robotaxi subsidiary since it gained approval to operate in San Francisco.

Traditionally, satellites are limited to sending data between an individual spacecraft and the ground. Laser links connect satellites to one another.

Those results build on midstage trial data Moderna and Merck released earlier this year, which examined the efficacy of the combination over a shorter period.

Cadillac plans to round out its upcoming lineup of all-electric SUVs with a three-row vehicle called the Vistiq.

Ben Sherwood's MOJO Sports, which boasts live game streaming, launched in 2021 with big-name backers such as NFL star Russell Wilson.

The median rent in Manhattan fell 2% in November, to $4,000 from $4,095, according to Douglas Elliman and Miller Samuel.

The departures include leaders from Cruise's legal, government affairs, commercial operations and safety and systems teams, according to a company-wide message.

The results support Vertex's hopes of developing a drug that can provide strong pain relief without the addictive potential of opioid medications.

Etsy is laying off 11% of its workforce and restructuring its business amid a "very challenging" macro and competitive environment.

After raking in billions from Covid products, Pfizer has struggled to navigate a world beyond the pandemic and reassure investors about its growth potential.

The valuation of Elon Musk's SpaceX hit $180 billion based on an ongoing secondary share sale, CNBC confirmed Wednesday.

It's part of a $2 billion entertainment complex effort led by the state of Virginia and Monumental Sports & Entertainment, which owns both pro teams.

Netflix revealed viewership statistics for more than 18,000 shows and movies for the first time ever.

Applications for mortgages to buy homes were also higher compared with the previous week.

Jeff Bezos' Blue Origin is preparing to launch its New Shepard rocket as early as Monday.

Hasbro, the toy brand behind My Little Pony and Transformers, had already laid off hundreds of employees earlier this year.

The UAW has filed unfair labor practice charges with the National Labor Relations Board against Honda, Hyundai and Volkswagen, the union said Monday.

The "Wizard of Oz" dress was expected to fetch as much as $1 million or more if sold at auction. The Catholic University of America says it is the legal owner.

It marks a major reversal after Ford significantly increased plant capacity for the Lightning EV in 2023.

Cigna said it will consider smaller, "bolt-on" acquisitions in the near term, but did not confirm the reports about its abandoned pursuit of Humana.