Meta CEO Mark Zuckerberg and different executives reached a settlement with a bunch of the corporate’s shareholders Thursday, ending a long-running, probably blockbuster $8 billion trial over allegations Facebook knowingly harvested person information. An legal professional representing Meta shareholders informed Judge Kathaleen McCormick in Delaware’s Chancery Court a settlement was reached with Zuckerberg and different members of the corporate’s management, a number of retailers reported, although particulars of the settlement weren't instantly out there. Sam Closic, the shareholders’ legal professional, stated an settlement was reached shortly, in line with Reuters. Facebook shareholders sued Zuckerberg, former COO Sheryl Sandberg and different billionaires tied...

President Donald Trump introduced a $12 billion help package deal for farmers, providing much-needed monetary help to a core constituency hit arduous by the administration’s tariff coverage, though members of the administration sought to attach current struggles to Biden-era insurance policies. Up to $11 billion of the help package deal will likely be allotted for an help program for farmers producing row crops, resembling corn, wheat and soybeans, by means of a Farmer Bridge Assistance program. Those funds will transfer by Feb. 28, 2026, Agriculture Secretary Brooke Rollins stated at a roundtable with the president and Treasury Secretary Scott Bessent, however farmers will likely be knowledgeable how a lot they'll obtain earlier. The different $1 billion will likely be reserved ...

Biocon—managed by Indian pharmaceutical billionaire Kiran Mazumdar-Shaw—is shopping for the remainder of privately held subsidiary Biocon Biologics to consolidate its biosimilars and generics drug companies. The Bengaluru, India-based firm will purchase the stakes held by Serum Institute Life Sciences, Tata Capital and Activ Pine by swapping 70.28 Biocon shares for each 100 Biocon Biologics shares, at a worth of 405.78 rupees ($4.51) per Biocon share, in response to a assertion launched over the weekend. The deal, slated to be accomplished in March topic to regulatory approvals, values Biocon Biologics at $5.5 billion, it stated. Separately, India-listed Biocon additionally stated it is going to additionally purchase the shares held by Pittsburgh-based Viatris in Bioc...

The Tesla mogul now solely has a paltry $385 billion fortune. Tuesday was an excellent day for Oracle CEO Larry Ellison. The firm introduced throughout an analyst name on Tuesday that it had signed 4 multi-billion-dollar contracts throughout the fiscal first quarter, which elevated bookings 4 occasions over final yr, in response to Business Insider. As a end result, buyers jumped on the inventory huge time, in response to Axios, to the purpose the place it elevated 41% by noon on Wednesday, in response to Business Insider. The rising inventory boosted Ellison’s web value by $101 billion on Wednesday alone, placing the 81-year-old Oracle mogul’s fortune at $393 billion, making him the world’s richest man for the primary time. For these preserving rating, that’s $8 billion gr...