By Ludwig Burger (Reuters) -Novartis said it has agreed to acquire U.S. biotech firm Chinook Therapeutics for up to $3.5 billion to boost its late-stage drug development line-up, raising the stakes in[...]
Read more
June 12, 2023
Oracle beats quarterly revenue estimates on cloud services demand
(Reuters) -Oracle on Monday topped fourth-quarter revenue estimates and forecast an upbeat first quarter, driven by growing demand for its cloud offerings from companies deploying AI, sending its shar[...]
Read more
Harley-Davidson to run limited motorcycle manufacturing at its York facility
(Reuters) – Harley-Davidson said on Monday the motorcycle maker will be running limited motorcycle manufacturing operations at its York facility after being notified of an issue with parts from[...]
Read more
US Senate leaders unveil $107 billion aviation policy bill
By David Shepardson WASHINGTON (Reuters) -Leaders of the Senate Commerce Committee on Monday introduced a bipartisan aviation policy bill that would boost runway safety, track high-altitude balloons a[...]
Read more
S&P 500 and Nasdaq close at highest since April 2022
By Noel Randewich and Shristi Achar A (Reuters) – The S&P 500 and the Nasdaq rallied on Monday to their highest closing levels since April 2022, while Oracle hit a record high ahead of quart[...]
Read more
Analysis-EV charger makers guardedly look to adopt Tesla standard
By Abhirup Roy (Reuters) -Electric vehicle charging companies are cautiously embracing Tesla’s charging technology as the main U.S. standard, mere days after Ford and GM said they were adopting[...]
Read more
Marketmind: Inflation appetizer served before central bank main course
By Lewis Krauskopf (Reuters) – A look at the day ahead in Asian markets from Lewis Krauskopf, U.S. markets correspondent Markets face a question heading into Tuesday’s action — will[...]
Read more
Equities gain as investors look for cooler inflation, Fed ‘pause’
By Sinéad Carew and Elizabeth Howcroft NEW YORK/LONDON (Reuters) – Global stocks gained ground, hitting their highest level in more than a year on Monday, while U.S. Treasury yields and the doll[...]
Read more
Automaker group urges US EPA to ‘ease up’ on vehicle emissions rules
By David Shepardson WASHINGTON (Reuters) -The head of a trade group representing nearly all major automakers urged the U.S. Environmental Protection Agency to “ease up” on its aggressive p[...]
Read more