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OMN AI
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US pharmaceutical giant Merck has scrapped its planned £1bn UK expansion. The company said the government is not providing sufficient support for the life sciences sector. The multinational, known in Europe as MSD, will move research to the US and cut jobs in Britain. Executives accused successive governments of undervaluing vaccines and innovative medicines. Industry experts warned the decision could discourage other global firms from investing in the UK. Government defends spending but admits shortcomings A government spokesperson defended current science and research investment but acknowledged more action is needed. Officials highlighted recent initiatives while recognising international competition. Pharmaceutical companies…
Larry Ellison, co-founder of Oracle, has briefly surpassed Elon Musk to become the world’s richest person. His net worth climbed to $393 billion, edging past Musk’s $384 billion, according to Forbes. Oracle’s stock surged with the news, boosting Ellison’s fortune, though the value fluctuated throughout the day. While not as widely recognized as Musk, Ellison wields significant influence in Silicon Valley and politics. He is famous for his extravagant lifestyle, including mega-yachts, private jets, multiple marriages, and ownership of the Hawaiian island of Lanai. Ellison, 81, made his fortune in software development starting in the 1970s. He co-founded Oracle after…
Charlie Kirk, 31, was shot while speaking at an outdoor event during his nationwide “American Comeback Tour.” The tour, organized by the conservative group he co-founded, Turning Point USA, includes at least 15 stops across the United States. The first event drew about 3,000 attendees and began just after noon local time (18:10 GMT). Before the event, a petition called for the university hosting the talk to block Kirk from speaking. However, the university allowed him to speak under its free speech policies. Moments after the shooting, surveillance video captured from a nearby building shows an individual running across the…
Apple is changing the way iPhones look. For years, new iPhone models have mostly looked the same. While the technology inside improved, the shape stayed similar. The new iPhone 17 line now breaks that trend with fresh designs for fans and users. The most talked-about model is the iPhone Air. It is much thinner than other models, measuring only 5.64 mm. The standard iPhone 17 is 7.95 mm thick, and the iPhone 17 Pro and Pro Max are 8.75 mm. That small difference in numbers feels much bigger when you hold the phone. The iPhone Air also has a slightly…
Mexico announced on Wednesday that it will increase tariffs on cars from China and other Asian countries to 50%. The decision is part of a wider overhaul of import duties designed to protect jobs and local manufacturers. Analysts say the move may also help Mexico align with U.S. trade interests in the region. The Economy Ministry said the changes would affect goods across multiple sectors, including automobiles, textiles, and steel. The new measures are expected to impact $52 billion in imports. Economy Minister Marcelo Ebrard explained that the current tariff on Chinese cars is 20%. He said the new rate…
LONG BEACH, Calif. — A cargo vessel at the Port of Long Beach experienced a container collapse on Tuesday, disrupting terminal operations and prompting an immediate response from authorities. Around 67 containers shifted or fell from the ship Mississippi while it was docked at Pier G, officials said. The event occurred near midday, and fortunately, no workers were hurt. A Unified Command including port officials and the U.S. Coast Guard mobilized to secure the scene, assess environmental risks, and coordinate recovery efforts. Pier G remained closed until the area could be stabilized. “The safety of our staff and the harbor…
Oracle co-founder Larry Ellison overtook Elon Musk after Oracle shares jumped 40% in early trading.Ellison’s 41% stake in Oracle is now valued at $393bn, slightly above Musk’s $384bn, per Bloomberg.The rise marked Oracle’s largest single-day increase and the biggest one-day wealth gain on Bloomberg’s index.Ellison, 81, also holds Tesla shares, a sailing team, the Indian Wells Open, and a Hawaiian island.He has long been close to Musk, serving on Tesla’s board and investing $1bn in Musk’s Twitter purchase.Both men have ties to Donald Trump, though Musk’s relationship reportedly soured earlier this year.Oracle’s growth is fueled by AI demand, supplying cloud…
Donald Trump is calling on the European Union to apply tariffs of up to 100 percent on China and India. He aims to increase pressure on Russian President Vladimir Putin and push for an end to the war in Ukraine. Trump demands stronger measures against Moscow The US president raised his demand during a meeting with EU officials on Tuesday. Both sides explored new strategies to weaken Russia’s economy. According to a source, Trump pressed for the highest possible tariffs on China and India. He had promised to end the conflict on the “first day” of his presidency. Peace talks…
WASHINGTON, Sept 9 — The U.S. labor market is showing clear signs of deceleration, with August job gains slowing significantly and the unemployment rate climbing to a level not seen since late 2021, according to the Bureau of Labor Statistics (BLS). Nonfarm payrolls increased by just 22,000 last month, a sharp drop from the roughly 147,000 monthly gains reported earlier in the year. June’s numbers were revised down to a loss of 13,000 jobs, marking the first monthly decline since December 2020. Over the past four months, average monthly job growth has been only 27,000, signaling a marked slowdown in…
Apple will reveal its thinnest iPhone yet at Tuesday’s annual event in Cupertino.The iPhone 17 series will include standard, Pro, Pro Max, and the new iPhone Air.iPhone Air is predicted to be the lightest Apple flagship, inspired by slim MacBooks.Apple will also launch Apple Watch series 11 and refreshed AirPods earbuds.The updated AirPods may offer live translation, similar to Google’s Pixel Buds.Apple plans to announce release dates for iOS 26 and macOS Tahoe.Tariffs on China threaten to increase iPhone costs and disrupt Apple’s supply chain.Tim Cook moved production to India and shipped iPhones to the US to limit tariff effects.Apple…
