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In this Friday, Oct. 23, 2020, photo, the figure of the Ant Group's mascot is displayed at the office in Hong Kong. The world's largest fintech company, China's Ant Group, will try to raise nearly $35 billion in a massive public offering of stock that would shatter records. (AP Photo/Kin Cheung)

Here's why Ant Group is about to shatter IPO records

Oct. 27, 2020 6:35 AM EDT

HONG KONG (AP) — Stella Su, who lives and works in Shanghai, has used an ATM only once in the past year. Instead of cash, in recent years she has done almost all her business using the digital wallet Alipay –- shopping in a mall, buying stuff online or transferring money to friends. “Now when...

Sanford Health, Intermountain agree to merge organizations

Oct. 26, 2020 12:53 PM EDT

SIOUX FALLS, S.D. (AP) — Sanford Health and Intermountain Healthcare said Monday they plan to merge companies. If the deal is approved, it would unite Salt Lake City-based Intermountain with operations in Utah, Nevada and Idaho, with Sioux Falls-based Sanford, which operates in 24 states. The combined...

In this Oct. 7, 2020 photo, chef Sohla El-Waylly prepares Swedish meatballs during a taping of

'Babish' expands as pandemic boosts YouTube cooking shows

Oct. 26, 2020 10:27 AM EDT

NEW YORK (AP) — Mac and cheese, 18th-century style. A seven-course meal using only ingredients from a convenience store. A meal that is literally on fire. Four episodes into her new YouTube show, “Stump Sohla,” part of the expanding “Babish Culinary Universe" channel, Sohla El-Waylly...

FILE - This July 20, 2020, file photo, shows, the app for Alipay, the mobile payments service operated by Ant Group, on a smartphone in Beijing. China’s Ant Group will try to raise nearly $35 billion in its initial public offering in Shanghai and Hong Kong, which would make it the largest share offering in history. Alibaba-affiliated Ant Group, which operates a suite of financial products including the widely-used Alipay digital wallet in China and one of the world’s largest money market funds, will hold dual listings in Shanghai and Hong Kong.  (AP Photo/Ng Han Guan, File)

Chinese fintech could shatter records with $35B share offer

Oct. 26, 2020 10:26 AM EDT

HONG KONG (AP) — The world’s largest fintech company, China's Ant Group, will try to raise nearly $35 billion in a massive public offering of stock that would shatter records. Alibaba-affiliated Ant Group, which operates a suite of financial products including the widely-used Alipay digital wallet...

FILE - In this Oct. 14, 2020, file photo, a man wearing a face mask to protect against the coronavirus walks past a billboard advertising Chinese technology firm Huawei at the PT Expo in Beijing. Chinese tech giant Huawei, one of the biggest makers of smartphones and switching equipment, said Friday, Oct. 23, 2020 its revenue rose 9.9% in the first nine months of this year, but growth slowed due to U.S. sanctions and the coronavirus pandemic. (AP Photo/Mark Schiefelbein, File)

Huawei sales up, but growth slows under virus, US pressure

Oct. 23, 2020 5:08 AM EDT

BEIJING (AP) — Chinese tech giant Huawei, one of the biggest makers of smartphones and switching equipment, said Friday its revenue rose 9.9% in the first nine months of this year, but growth decelerated in the face of U.S. sanctions and the coronavirus pandemic. Huawei Technologies Ltd. gave no sales...

FILE - In this March 2020 photo provided by Gilead Sciences, rubber stoppers are placed onto filled vials of the investigational drug remdesivir at a Gilead manufacturing site in the United States. On Thursday, Oct. 22, 2020, the U.S. Food and Drug Administration has approved the first drug to treat COVID-19: remdesivir, an antiviral medicine given through an IV for patients needing hospitalization. The drug, which California-based Gilead Sciences Inc. is calling Veklury, cut the time to recovery by five days on average in a large study led by the U.S. National Institutes of Health. (Gilead Sciences via AP)

FDA approves first COVID-19 drug: antiviral remdesivir

Oct. 22, 2020 5:40 PM EDT

U.S. regulators on Thursday approved the first drug to treat COVID-19: remdesivir, an antiviral medicine given to hospitalized patients through an IV. The drug, which California-based Gilead Sciences Inc. is calling Veklury, cut the time to recovery by five days — from 15 days to 10 on average — in...

FDA approves remdesivir, the first drug for treating COVID-19.

Oct. 22, 2020 4:42 PM EDT
WASHINGTON (AP) — FDA approves remdesivir, the first drug for treating COVID-19.
FILE - This file photo combo shows the AT&T logo on the side of a corporate office in Springfield, Ill., left, and a DirecTV satellite dish atop a home in Los Angeles. AT&T is launching a new internet-delivered TV service Monday as it struggles with a shrinking DirecTV satellite business. The new service, AT&T TV, will have the same channels offered on DirecTV, but it'll come over the internet rather than a satellite dish. AT&T has been testing the service in about a dozen markets and is now making it available to anyone.  (AP Photo/File)

Pandemic hurts AT&T in 3rd quarter; wireless unit stable

Oct. 22, 2020 11:38 AM EDT

NEW YORK (AP) — The pandemic continued to hit AT&T through the third quarter as closed theaters, wary U.S. moviegoers and the Hollywood shutdown hurt its WarnerMedia movie and TV business. The Dallas company’s largest division, wireless, was stable. It added 131,000 prepaid phone customers and...

FILE- In this Aug. 8, 2018, file photo bottles of Coca-Cola sit on a shelf in a market in Pittsburgh.  The Coca-Cola Co. said on Thursday, Oct. 22, 2020, it saw gradual improvement in the third quarter, as it turned its focus to emerging leaner from the global pandemic. Atlanta-based Coke said its revenue fell 9% to $8.7 billion.  (AP Photo/Gene J. Puskar, File)

Coca-Cola recovery continues as it grows leaner in pandemic

Oct. 22, 2020 11:19 AM EDT

Coca-Cola measured gradual improvement in the third quarter as it focused on emerging leaner from the global pandemic. Revenue fell 9% to $8.7 billion, topping Wall Street expectations of $8.4 billion, according to analysts polled by FactSet. It was far better than the 28% drop in revenue in the second quarter....

The new Huawei Mate 40 Pro smartphone is held for a photo, in London, Wednesday Oct. 21, 2020. Huawei, has unveiled its Mate 40 line of phones, Thursday Oct. 22, 2020, a product release that comes at a crucial moment for the company. (AP Photo/James Brooks)

New Huawei phone comes at crucial time for Chinese company

Oct. 22, 2020 11:02 AM EDT

LONDON (AP) — Huawei’s new smartphone has an upgraded camera, its latest advanced chipset and a better battery. What it may not have outside the Chinese tech giant’s home market is very many buyers. Huawei, which recently became the world’s No. 1 smartphone maker, on Thursday unveiled...