By Mike Stone and Shivansh Tiwary (Reuters) -U.S. weapons maker Lockheed Martin Corp’s first-quarter results surpassed Wall Street targets on Tuesday despite parts and labor shortages, as simmer[...]
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April 18, 2023
GSK bets $2 billion on Bellus cough drug to soothe pipeline fears
By Natalie Grover and Aby Jose Koilparambil (Reuters) -GSK plans to buy Canada-based drug developer Bellus Health Inc in an all-cash deal for $2 billion as the British drugmaker expands its bet on res[...]
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UK regulator probes Amazon’s planned purchase of iRobot
(Reuters) -Britain’s competition regulator said on Tuesday it has launched a “Phase 1” probe into Amazon.com Inc’s planned $1.7 billion acquisition of iRobot Corp, which makes[...]
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EU may struggle to catch up with U.S., Asia in chips subsidies race
By Foo Yun Chee and Supantha Mukherjee BRUSSELS/STOCKHOLM (Reuters) – The European Union agreed a 43-billion-euro ($47 billion) chip subsidies plan on Tuesday but the relatively modest budget, l[...]
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J&J issues cautious 2023 forecast, shares fall
By Bhanvi Satija and Manas Mishra (Reuters) – Healthcare conglomerate Johnson & Johnson on Tuesday raised the midpoint of its full-year earnings forecast by 10 cents despite beating first-qu[...]
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EU seeks to prevent taxpayer cash being used to save failing banks
By Huw Jones (Reuters) – The European Union proposed on Tuesday making it harder for governments to repeat pouring billions of euros of state aid into a bank as Italy did with Monte dei Paschi d[...]
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Teck’s base metals business attracts offers from Freeport, Vale, Anglo – sources
By Mrinmay Dey (Reuters) -Teck Resources Ltd has been approached by Vale SA, Anglo American Plc and Freeport-McMoRan Inc among others to explore deals for its base metals business if the Canadian copp[...]
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Microsoft developing its own AI chip – The Information
(Reuters) – Microsoft Corp is developing its own artificial intelligence chip code-named “Athena” that will power the technology behind AI chatbots like ChatGPT, the Information repo[...]
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Raytheon, Lockheed executives banned from China
BEIJING (Reuters) – China has banned senior executives of Raytheon Missiles & Defense and Lockheed Martin Corp from entering, working, staying and residing in the country since Feb. 16, the[...]
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