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China says AI CEOs' call for a slowdown is 'fear mongering'

Chinese state media's reports of the daily press conference also noted that all groups should work together for AI openness and inclusivity.

Bear of the Day: DICK's Sporting Goods (DKS)

DKS

DKS saw a weak post-earnings reaction following its latest release on the back of lowered guidance, with shares now trading at levels not seen in years.

OpenAI boss Sam Altman spells out how and why the AI industry wants to slow down: 'We could lose control'

AI, OPENAI

OpenAI's chief has made comments detailing how AI safety frameworks and a slowdown could work, as the industry unites behind concerns.

Satellite images show extent of damage to Saudi Arabia’s oil pipeline that bypasses Strait of Hormuz

Saudi Arabia temporarily shut the roughly 750-mile pipeline as attacks threaten a key alternative to the Strait of Hormuz.

Exelixis Eyes CABOMETYX Growth, Zanzalintinib Catalysts Across Cancer Franchises

EXEL

Exelixis Reports Solid Earnings—Are New Highs Back on the Table?Exelixis (NASDAQ:EXEL) executives outlined a franchise-focused growth strategy centered on expanding CABOMETYX across renal cell carcinoma and neuroendocrine tumors while advancing zanzalintinib through multiple late

AI stocks slide after major CEOs unite to urge slowdown

Anthropic CEO Dario Amodei said the industry "must slow the pace at which we improve the capabilities of AI models," amid growing concerns over risks from AI.

Can Iran replace sea trade with land routes?

Iran is shifting trade toward northern ports and land routes as its southern shipping faces a US blockade. Analysts say the corridors can keep essential goods moving, but cannot replace maritime trade.

Trump urges Ukraine to stop ‘knocking out’ Russian oil refineries as U.S. diesel hits record

OILRF

U.S. diesel prices have surpassed $6 a gallon for the first time ever as the Ukraine and Iran wars drive broader energy supply concerns.

Novo Nordisk rebrands to 'Novo,' unveils corporate changes as it fights for obesity market share

The Danish drugmaker called the changes the beginning of a new chapter for the company, which faces stiff competition from Eli Lilly.

CNBC Daily Open: 'Whoever wins AI, wins'

Rivals Anthropic, OpenAI and xAI jointly called for a slowdown in AI development, while President Donald Trump stressed the need to keep a lead on China.