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Trump Taps Billionaire SpaceX Astronaut to Run NASA

(Bloomberg) -- President-elect Donald Trump will nominate financial technology billionaire Jared Isaacman, a longtime SpaceX astronaut, to serve as the next NASA administrator.Most Read from BloombergAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsIf confirmed, Isaacman would oversee a US agency with a roughly $24.8 billion budget and a suite of human and robotic space exploration programs, including the flagship Artemis

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Intel’s CEO shakeup puts foundry plans, CHIPS Act cash at risk

Intel's CHIPS Act funding could disappear if the company ditches its plans to expand its manufacturing footprint.

Citigroup rolls out artificial intelligence tools for employees in eight countries

Citigroup began rolling out on Wednesday new artificial intelligence tools to be used by employees in eight countries, senior executives said. Around 140,000 employees will have access to the tools. In a memo to staff sent on Wednesday, Tim Ryan, head of technology and business enablement, explained how each of them works.

Trump Taps Vance Aide Gail Slater as Top DOJ Antitrust Cop

(Bloomberg) -- President-elect Donald Trump has selected Gail Slater, an Oxford-educated economic policy adviser to Vice President-elect JD Vance, to head up antitrust enforcement at the Justice Department.Most Read from BloombergAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsSlater was a tech policy adviser on the National Economic Council during Trump’s first term, and has been advising his transition team on antitrus

Apple CEO Tim Cook asked about his future, says 'hard to imagine life without Apple'

After 13 years at the helm, CEO Tim Cook says it's difficult for him to imagine a life without Apple.

Airbus to cut 2,043 jobs in Defence and Space, sources say

Airbus is cutting just over 2,000 Defence and Space jobs, or 6% of its second-largest division, including hundreds of management posts while drawing back from an original target of up to 2,500 job cuts, two people familiar with the matter said on Wednesday. More than half of the 2,043 total job reductions - affecting 1,128 positions - will fall in the struggling Space Systems business following extensive losses, they told Reuters, asking not to be named. An Airbus spokesperson declined to comment on the figures, provided to unions during the first of two days of briefings.

Marvell Soars to Record High After AI Demand Bolsters Outlook

(Bloomberg) -- Marvell Technology Inc. shares jumped to a record high after the chipmaker delivered better-than-expected results and an upbeat earnings forecast, citing demand for artificial intelligence computing. Most Read from BloombergAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsThird-quarter profit was 43 cents a share, excluding some items, the company said in a statement Tuesday. That beat the 41-cent average e

Exclusive-Shell slows offshore wind spending, splits power business in CEO review

LONDON (Reuters) -Shell is stepping back from new offshore wind investments and is splitting its power division following an extensive review of the business that was once seen as a key driver of the company's energy transition strategy. “While we will not lead new offshore wind developments, we remain interested in offtakes where commercial terms are acceptable and are cautiously open to equity positions, if there is a compelling investment case,” a company spokesperson said in a statement. Shell and other major energy companies have in the past touted offshore wind as a key market they can invest in as part of the world's energy transition, drawing on their decades-long experience in offshore oil and gas production.

Salesforce Hits Record High With AI Boom Fueling Strong Growth

(Bloomberg) -- Salesforce Inc. shares hit a record high on Wednesday after the company reported better-than-expected quarterly revenue, boosting hopes for the company’s much-hyped artificial intelligence strategy.Most Read from BloombergAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsSales increased 8.3% to $9.44 billion in the period ended Oct. 31, the company said Tuesday in a statement. Analysts, on average, estimated

Salesforce Paid $344 Million in Zoomin Startup Acquisition

(Bloomberg) -- Salesforce Inc. spent $344 million to buy data management startup Zoomin Software Ltd. last month, a previously undisclosed sum that underscores the company’s new approach to dealmaking.Most Read from BloombergAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsThe expense for outstanding shares of Zoomin was disclosed in a filing on Wednesday. Salesforce had previously invested in the company, and already own

TotalEnergies to buy German renewables developer VSB for $1.65 billion

PARIS (Reuters) -French oil major TotalEnergies has agreed to buy German renewable developer VSB Group for 1.57 billion euros ($1.65 billion) from Swiss asset manager Partners Group, it said on Wednesday, as it expands in a priority market. The French firm has identified Germany as a priority growth market for its integrated power business, and said the acquisition would also deepen its expertise in building onshore wind. While most oil and gas companies roll back green targets, Total has bucked the trend, steadily expanding renewables in locations where it can sell the power directly to consumers and profit off electricity trading during volatile price swings.