Porsche shares rise 3% as CEO says ongoing challenges are ‘not a storm that will pass’

A looming ‘patent cliff’ could trigger a wave of biotech mergers and acquisitions, but innovation has also been humming along and could lift some stocks.

Meta is investing $14.3 billion into Scale AI, landing the startup’s CEO Alexandr Wang to help the company’s artificial intelligence efforts.

As OpenAI pushes toward a for-profit structure, the company is adding Adebayo Ogunlesi, founding partner of Global Infrastructure Partners, to its board.