
The stock fell nearly 1% to around $270 after Tuesday’s open on news Ternus would succeed Cook on Sept. 1, with Cook transitioning to executive chairman after 15 years as CEO. Wedbush, Evercore, Citi, and BofA all kept buy ratings with price targets between $315 and $350. Some of the wariness tracked with Bloomberg Intelligence
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Blue Origin’s flagship New Glenn rocket launched to space on its third flight, reusing a booster for the first time but failing to correctly place the satellite it was carrying into its intended orbit. The rocket took off from the launchpad at Cape Canaveral, Florida at approximately 7:25 a.m. local time, and its reusable first
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OpenAI and Anthropic are backing opposing AI bills in the Illinois General Assembly that try to answer what should happen when AI makes something go terribly wrong. It’s the latest round in the companies’ ongoing feud over AI safety and regulation, as their CEOs have traded internal and public barbs over each other’s approach. OpenAI
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The $24 billion Dutch bank ABN Amro is cutting a fifth of its workforce over the next three years—so how is its CEO Marguerite Bérard rallying the troops? By sacrificing her long meals and talking over the growing pains with staffers over weekly lunches. “I now take lunch early and at my desk,” Bérard told
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