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Gilead Bixlenvo drugCourtesy: GileadThe Food and Drug Administration approved a once-daily HIV pill from Gilead that could help simplify care for some patients, the company announced Thursday. The drug, marketed as Bixlenvo, is aimed at patients whose virus is already under control but who remain on complicated treatment regimens. It could also appeal to those who simply want to switch to a new treatment alternative. The tablet combines bictegravir, the backbone of Gilead’s blockbuster HIV pill Biktarvy, with lenacapavir, a first-in-class capsid inhibitor that has become a centerpiece of the company’s long-term strategy for HIV treatment and prevention. The approval makes the…

Ndamukong Suh wasn’t taking any chances before his first meeting with Warren Buffett.While still a college student, the soon-to-be NFL star arrived at Buffett’s office two to three hours early because he refused to risk being late, he said.The wait paid off, though. Suh said he and Buffett hit it off, talking for hours during that first meeting. Before it ended, Buffett agreed to Suh’s request to become his mentor.That was more than 15 years ago.Suh went on to spend 13 years in the NFL, establishing himself as one of the league’s most dominant defensive linemen while playing for five…

Meta has a message for the public: Don’t forget about TikTok and YouTube.After Meta’s surprise settlement of up to $18 billion in a teen addiction lawsuit on Wednesday, the company is going on the offensive to shape the narrative with a series of ads on social media and in print newspapers.The advertisements, which Meta began running as a paid ad on its own platforms starting Wednesday, call for the two rival social media platforms to “join us in supporting teens.” The ad links out to Meta’s website announcing the settlement agreement.”We want to ensure teens benefit from this new industry…

Gap on Thursday announced a new CEO for its Old Navy banner, effective Nov. 2, as the retailer tries to reinvigorate sluggish sales performance at the brand.Michael Francis, who was appointed the chief customer officer at Old Navy in May, will take over the reins from current CEO Haio Barbeito, who will become an advisor to the company. Barbeito has held the position since 2022. Gap CEO Richard Dickson told CNBC the move was “a planned and thoughtful transition” to better equip Old Navy for its next chapter.”We’ve been working — from fixing fundamentals to building momentum and ultimately looking…

What does $13 billion buy Nvidia these days? A bigger say in what AI gets built and what it runs on.Business Insider reported on Wednesday that the chip giant was in talks to acquire Hugging Face, which hosts open-source AI models. That lines up with Nvidia’s strategy as of late, as it has been beating the drum about open-source AI — models that anyone can use and build on.Open models could stave off a future dominated by giants like OpenAI and Anthropic, both of which create closed, proprietary models. If top AI labs dominate the models being used and build…

Dollar General is doubling down on the $1 price point.A selection of 600 items priced at $1 each, which the chain calls “Value Valley,” had comparable sales growth of 16% during the company’s second quarter — a much faster clip than broader same-store sales growth of 3.5%, it said on Thursday.In total, Dollar General stocks about 2,000 items that cost $1 each. It expects to grow that number by 40% in the second half of 2026 in time for the holiday shopping season, COO Emily Taylor said on the retailer’s earnings call.Expect that selection to grow “even more so into…

There’s a social media app I like using more than Instagram or TikTok — and it’s attracted serious investor interest.The app, called Retro, is an Instagram alternative for sharing photos and videos with close friends or family.The startup behind the app, Lone Palm Labs, has raised at least $21 million in venture capital funding, according to recent financial filings viewed by Business Insider. On the startup’s website, the company lists investors such as Josh Kushner’s Thrive Capital, Scribble Ventures, Imaginary Ventures, and Uncommon Projects, as well as angels including Figma CEO Dylan Field.Retro did not respond to requests for comment.Retro was…

Deciding whether to rent or buy a home is one of the biggest financial and lifestyle choices most people ever make. While homeownership can offer long-term stability and the opportunity to build equity, renting may provide the flexibility some people need during certain stages of life.There’s no one-size-fits-all answer. The right choice depends on your financial situation, goals, and personal preferences. No matter which way you’re leaning, it can be helpful to connect with a local home loan expert who can explain your options. Here, we break down some of the pros and cons of renting vs. buying to help…

Growing up, I was always taught that challenging myself was the key to growth. If something was uncomfortable, to me, that probably meant it was worthwhile.Investment banking seemed to fit that bill perfectly.So, after I graduated from college, I accepted a job as an investment-banking analyst, jumping into an industry full of intensity and rigor that I thought would serve as a launchpad toward a life of long-term success.Drawn to the challenge that the role offered, I dove right in. The prospect of gaining financial intuition and building the analytical toolkit of a mini CFO sounded like the ultimate accomplishment.Rather…

The New York Stock Exchange on April 14, 2025.View Press | Corbis News | Getty ImagesA version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.Family offices boosted their stock holdings in the second quarter and trimmed their exposure to real estate and private market investments, according to the latest CNBC Family Office Portfolio Tracker.Single family offices held 37% of their portfolios in stocks in the second quarter, up from 34% in the first quarter, according to the CNBC…