SHANGHAI (Reuters) -China’s auto market, the world’s largest, is accelerating toward an electric future – leaving established global brands stuck in the slow lane. When auto executives convene i[...]
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April 17, 2023
Big investors amp up California’s port truck-charging plan
By Lisa Baertlein LOS ANGELES (Reuters) – California’s bustling seaports, dominated by massive container vessels and soaring cranes, may seem an unlikely setting for investors seeking to c[...]
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Eli Lilly to invest additional $1.6 billion in 2 new plants
(Reuters) – Eli Lilly and Co said on Monday it will invest an additional $1.6 billion at its two new manufacturing sites in Indiana, United States to support the manufacturing of its recently ap[...]
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US regulator calls for greater scrutiny of hedge funds after bond turmoil- FT
(Reuters) – Gary Gensler, the chair of the U.S. Securities and Exchange Commission (SEC), said hedge funds and other parts of the shadow banking system need to face greater scrutiny after last m[...]
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US Supreme Court rebuffs Novartis bid to revive MS drug Gilenya patent
By Blake Brittain WASHINGTON (Reuters) -The U.S. Supreme Court on Monday declined to hear Novartis Pharmaceuticals Corp’s bid to revive a key patent on its blockbuster multiple sclerosis drug Gi[...]
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Juul, Altria settle with Minnesota over teen vaping addiction
By Brendan Pierson (Reuters) – E-cigarette company Juul Labs Inc and its former largest investor, Marlboro maker Altria Group Inc, on Monday settled claims by the state of Minnesota that they fu[...]
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Ryanair does not expect major disruption due to Boeing issues
DUBLIN (Reuters) – Ryanair does not expect to see major disruption this summer on account of Boeing’s decision to halt deliveries of 737 MAX jets over quality issues, a senior executive to[...]
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HSBC shareholder Ping An to vote for bank’s break-up at annual meeting -source
HONG KONG/LONDON (Reuters) – HSBC’s biggest shareholder Ping An is likely to vote in favour of splitting the bank up at its annual investor meeting on May 5, a source familiar with the Chi[...]
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Swiss government awards $9.7 million contract related to Credit Suisse – UBS merger
By Oliver Hirt ZURICH (Reuters) – The Swiss government has awarded an advisory mandate worth up to 8.7 million Swiss francs ($9.70 million) to Alvarez & Marsal Switzerland, linked to the res[...]
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