Author: Admin

  Updated 4m ago Smithsonian museums close due to government shutdown Smithsonian museums, research centers and the National Zoo closed Sunday due to the government shutdown. The Smithsonian Institution had previously announced it was using prior-year funding to keep the locations open to the public through Oct. 11.    Updated 4m ago Vance accuses Democrats of “hostage-taking” Vice President JD Vance on Sunday accused Democrats of “hostage-taking” with their posture in the government shutdown, as Democratic leaders in Congress have pushed for serious negotiations with Republican leaders and the White House to end the stalemate.”We don’t negotiate with a person…

Salesforce unveiled its artificial intelligence platform, “Agentforce 360”, across the cloud software provider’s suite of tools on Monday, aiming to help clients with automation of routine tasks and attract more customers.Software firms are strengthening their products with new features to better compete in the industry where clients are looking to rein in costs by deploying AI agents, which can take actions on behalf of users.

[STOCKHOLM] Joel Mokyr, Philippe Aghion and Peter Howitt won the 2025 Nobel economics prize for “having explained innovation-driven economic growth”, the Royal Swedish Academy of Sciences said on Monday (Oct 13).The prestigious award, formally known as the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, is the final prize to be given out this year and is worth 11 million Swedish kronor (S$1.5 million).“The laureates have taught us that sustained growth cannot be taken for granted,” the prize-awarding body said in a statement. Economic stagnation, not growth, has been the norm for most of human history. Their…

The college football season has hit the halfway point with 11 teams still undefeated. Only two of them, UNLV and Navy, are not in The Associated Press Top 25 poll this week.UNLV has flown under the radar while starting 6-0 in Dan Mullen’s first season. A road win this week against Mountain West standard bearer Boise State would change that.No. 19 South Florida, No. 22 Memphis, Tulane and, until last week, North Texas — all from the American Conference — have generated most of the discussion about Group of Five candidates for the 12-team College Football Playoff. UNLV and Navy…

[PARIS/LONDON] Global airlines face more than US$11 billion in extra costs from supply chain disruption this year, a leading industry group said on Monday (Oct 13), in a report likely to rekindle debate over competition in the US$250-billion aerospace industry.The study by the International Air Transport Association (Iata), produced with consultants Oliver Wyman, marks the first attempt to quantify the impact of a five-year supply chain crisis that has driven up fares and led to flight cancellations.Iata director general Willie Walsh said he was surprised by the extent of the findings and told Reuters there may be grounds to revisit…

LAUSANNE, Switzerland, Oct. 13, 2025 /PRNewswire/ — ADC Therapeutics SA (NYSE: ADCT), a commercial-stage global leader and pioneer in the field of antibody drug conjugates (ADCs), today announced that it has entered into securities purchase agreements for the sale of its equity securities to certain institutional investors in a $60.0 million private investment in public equity (“PIPE”) financing. In the PIPE, ADC Therapeutics is selling 11.3 million common shares at $4.00 per share and pre-funded warrants to purchase 3.8 million common shares at $3.90 per pre-funded warrant, which is the price per common share in the PIPE minus the exercise price of…

Regardless of what happens in the next several years, AI is likely to pay off big for long-term investorsA LOT of people are watching this meteoric US stock market with amazement as it shakes off one worry after another – slowing labour market, sagging consumer sentiment, continuing trade uncertainty, geopolitical tensions and now a US government shutdown – on its way to new record highs. Some see a replay of the late 1990s Internet bubble, but this time fuelled by artificial intelligence (AI). Investors seem to be asking, in various ways, if this rally is overdone and, by implication, if the market is due a pullback. 

Michael Wilson says the market was poised for a pullback, given elevated investor exposure and high valuationsUS STOCKS are at risk of sinking as much as 11 per cent if trade tensions between the US and China aren’t resolved before a November deadline, according to Morgan Stanley’s Michael Wilson.The bank’s chief US equity strategist said the market was poised for a pullback given elevated investor exposure and high valuations, while Friday’s trade-war escalation “was unexpected by the consensus, and us”. Wilson has maintained a bullish view on US stocks this year, and was among the few strategists who correctly predicted…

LONDON — LONDON (AP) — The NFL has been spicing up its international games with halftime performers, a bit like mini-Super Bowls.British rapper Giggs performed Sunday at halftime of the game between the New York Jets and Denver Broncos at Tottenham Hotspur Stadium. The Broncos won 13-11.“It’s a huge moment to be a part of the London Games,” Giggs said. “I’ve been on a journey with my music, and to get to share that with my city and the NFL fans is something I’m really proud of.”The south London native’s 2007 single “Talkin’ da Hardest” remains a popular anthem among…

WASHINGTON — WASHINGTON (AP) — A Republican attack on a core provision of the Voting Rights Act that is designed to protect racial minorities comes to the Supreme Court this week, more than a decade after the justices knocked out another pillar of the 60-year-old law.In arguments Wednesday, lawyers for Louisiana and the Trump administration will try to persuade the justices to wipe away the state’s second majority Black congressional district and make it much harder, if not impossible, to take account of race in redistricting.“Race-based redistricting is fundamentally contrary to our Constitution,” Louisiana Attorney General Elizabeth Murrill wrote in…