By Blake Brittain (Reuters) – Amgen Inc sued Novartis AG’s Sandoz in New Jersey federal court Monday, accusing Sandoz’s proposed versions of its multibillion-dollar bone-strengthenin[...]
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May 2, 2023
Clorox rethinks strategy on Kingsford charcoal ahead of summer grilling season
By Jessica DiNapoli NEW YORK (Reuters) – Clorox Co is revamping its sales plans for its Kingsford grilling briquettes and pellets, staples at summer barbecues across the United States, after hik[...]
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Cryptoverse: Digital coins lure inflation-weary Argentines and Turks
By Medha Singh and Lisa Pauline Mattackal (Reuters) -Can inherently volatile cryptocurrencies become safe-havens? Apparently they can in some parts of the world, such as Argentina and Turkey, where so[...]
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Morgan Stanley in talks to resolve probes into block trading practices – filing
(Reuters) – Morgan Stanley is looking to resolve more than a year long investigation by U.S. regulators into its block trading practices, the Wall Street bank said in a filing on Tuesday. The co[...]
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Fund managers at Milken eye fixed income as stocks, real estate lose luster
By Svea Herbst-Bayliss and Carolina Mandl BEVERLY HILLS (Reuters) – Prominent investors including hedge fund and private equity managers at a major industry conference say they are shying away f[...]
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Cineworld gets US court approval to raise $2.26 billion after bankruptcy
By Dietrich Knauth (Reuters) – Bankrupt movie theater chain Cineworld received U.S. court approval on Tuesday to raise $2.26 billion as part of its exit from bankruptcy, after reaching a settlem[...]
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Marketmind: Crisis over? Don’t bank on it
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Maybe the U.S. banking turmoil of March 2023 wasn’t boxed up, tied with a bow, and neatly shelve[...]
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Hoffman and Suleyman’s AI startup Inflection launches ChatGPT-like chatbot
By Krystal Hu (Reuters) – Inflection AI, the artificial intelligence startup founded by LinkedIn co-founder Reid Hoffman and Google DeepMind co-founder Mustafa Suleyman, has released its first A[...]
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Livent boosts forecast on bullish outlook for lithium prices, demand
By Ernest Scheyder (Reuters) -Lithium producer Livent Corp boosted its annual forecast on Tuesday after reporting better-than-expected quarterly profit, a bullish outlook fueled by rising prices and d[...]
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