Business

The overlooked reason why new drugs take so long—and the  trillion fix

Cutting just one year from the Food and Drug Administration’s drug review process could create more than $10 trillion in economic value while getting lifesaving medicines to patients faster, according to a new report calling for major FDA reforms. The report, The Multi-Trillion Dollar Opportunity in Reforming the FDA, published…

Dell shareholders approve legal move from Delaware to Texas

Dell Technologies on Thursday announced that shareholders granted their approval to the company’s plan to switch its state of incorporation from Delaware to Texas. Michael Dell, founder and CEO of Dell Technologies, announced the results of the shareholder vote, which was overwhelmingly in favor of the move, in a social…

Apple raises iPad and MacBook prices as memory chip costs surge

Apple on Thursday announced that it raised prices on its iPad and MacBook devices because of rising memory and chip costs amid the rapid buildout of the AI industry. The tech giant excluded its primary cash cow, the iPhone, from the price hikes but will raise prices on the other…