Larry Ellison’s massive net worth, Huawei’s new smartphone, and the WeWork founder’s crypto bust: Business news roundup

By temporary On Sep 15, 2024 12

Image for article titled Larry Ellison's massive net worth, Huawei’s new smartphone, and the WeWork founder's crypto bust: Business news roundup — Photo: Aubrey Gemignani/NASA (Getty Images), Richard Baker/In Pictures (Getty Images), Phillip Faraone (Getty Images), Kevin Frayer (Getty Images), Aubrey Gemignani/NASA (Getty Images), Kelly Sullivan for the WeWork Creator Awards (Getty Images), Chesnot (Getty Images), Michael M. Santiago (Getty Images), Image: Smith Collection/Gado / Contributor (Getty Images)

A photo of Starliner after landing back on Earth. — Back where it belongs.

An Airbus A220 with a Pratt & Whitney PW1500G engine

close up of Larry Ellison looking to his right and laughing — Oracle co-founder and chairman Larry Ellison at the Rebels With A Cause Gala 2019 on October 24, 2019 in Los Angeles, California.

The artificial intelligence boom has sent some shares and net worths soaring this year, including that of Oracle (ORCL) and its co-founder, Larry Ellison.

A man wearing a white t shirt talks on a Huawei mobile phone while waiting in line in front of a Huawei store — People line up to buy or reserve a Mate 60 smartphone and other products outside a Huawei flagship store on September 25, 2023 in Beijing, China.

Apple’s AAPL main competition in China has over 3 million preorders for its smartphone as the iPhone maker prepares to unveil its latest model.

Huawei’s tri-fold Mate XT smartphone has received over 3.18 million preorders since September 7, according to its website. The Mate XT will be unveiled at an event on Tuesday, Richard Yu, Huawei executive director, said on Weibo.

Logo on building exterior at the Silicon Valley headquarters of pharmaceutical company Roche, Santa Clara, California.

Image: Smith Collection/Gado / Contributor (Getty Images)

Roche stock slid Monday morning after a conference poster highlighted data regarding the side effects patients experienced during an early-stage trial of its experimental weight loss drug.

This handout image supplied by NASA shows Boeing and NASA teams work around NASA's Boeing Crew Flight Test Starliner spacecraft after it landed uncrewed at White Sands Space Harbor, on September 6, 2024 at White Sands, New Mexico. — Photo: Aubrey Gemignani/NASA (Getty Images)

The Boeing Starliner finally plopped down in the New Mexico desert last week after spending three months in orbit. The beleaguered spacecraft suffered technical problems during its rendezvous with the International Space Station. It drastically prolonged the eight-day mission as engineers raced to identify the issue and fix a solution. Despite NASA allowing the Starliner to return, the space agency wasn’t willing to have astronauts Butch Wilmore and Suni Williams for their safety.

WeWork co-founder and former CEO Adam Neumann in 2018

Former WeWork CEO Adam Neumann’s Flowcarbon — a climate tech startup that aimed to put carbon credits on the blockchain — has reportedly started refunding investors after failing to deliver on its promises.

The Airbus logo

Photo: Chesnot (Getty Images)

Airbus (AIR) really wants to achieve dominance in the space industry the way that it has in the commercial airline industry. Bloomberg reports that CEO Guillaume Faury said that its European Union competitors should consider merging to take on SpaceX the way it took on Boeing (BA).

Ozempic maker Novo Nordisk has an experimental anti-obesity pill with noteworthy early trial results

The pharma giant presented more details of a small trial of its weight loss pill

The Boeing company logo displayed on the floor of the New York Stock Exchange

Photo: Michael M. Santiago (Getty Images)

Besides a huge 25% pay bump, machinists at Boeing scored another big win in their new union contract. The tentative agreement released by the International Association of Machinists and Aerospace Workers shows that the planemaker has promised its workers a seat at the table regarding safety practices.