By Blake Brittain (Reuters) -Johnson & Johnson has settled its lawsuit over Amgen Inc’s proposed biosimilar version of J&J’s top-selling treatment Stelara for psoriasis and other a[...]
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May 23, 2023
Former Fed chief Bernanke says labor costs becoming more prominent in inflation
By Howard Schneider WASHINGTON (Reuters) -A tight U.S. job market and rising wages are beginning to have more of an impact on inflation and could embed faster rising prices if the demand for workers i[...]
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Boeing CEO predicts supply chain pressure through 2024
By Andrew Mills and Tim Hepher (Reuters) – Boeing Chief Executive Dave Calhoun on Tuesday said it could take until the end of 2024 to iron out sector-wide supply chain problems that have hampere[...]
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Alibaba’s cloud unit to cut 7% of staff in overhaul – source
(Reuters) – Alibaba Group Holding Ltd’s cloud unit has started a round of downsizing that will impact 7% of the staff as it streamlines its business in preparation for an IPO, a source fam[...]
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Fed’s jobs-weighted framework caused more problems than it fixed -research
By Howard Schneider WASHINGTON (Reuters) – The U.S. Federal Reserve’s 2020 move to put more weight on jobs in setting monetary policy “created more problems than it solved” as[...]
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Barclays hires McDavid as equities head from Morgan Stanley
LONDON (Reuters) -Barclays has appointed a Morgan Stanley veteran Scott McDavid as its new global head of equities, the British bank said on Tuesday, the latest in a series of high-profile hires at it[...]
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Alphabet-backed AI startup Anthropic raises $450 million as funding freeze thaws
(Reuters) – Anthropic, an artificial intelligence startup backed by Google parent Alphabet Inc, said on Tuesday it had raised $450 million, in the latest sign of a recovery in the startup fundin[...]
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Microsoft beefs up ChatGPT and Bing in wide-ranging AI product launch
By Yuvraj Malik and Jeffrey Dastin (Reuters) – Microsoft Corp on Tuesday started making available to users a host of AI upgrades, including to ChatGPT, its search engine Bing as well as to cloud[...]
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Lowe’s cuts annual forecasts as home improvement demand falters
By Deborah Mary Sophia (Reuters) -Lowe’s Cos Inc cut its annual sales and profit forecasts on Tuesday, joining larger rival Home Depot in highlighting waning demand for home improvement tools wi[...]
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