By Deborah Mary Sophia (Reuters) -Restaurant Brands International topped market estimates for quarterly results on Tuesday, signaling its Burger King turnaround plans were bearing fruit, with the chai[...]
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August 8, 2023
Novo’s Wegovy shows heart benefit alongside weight loss in trial
By Maggie Fick and Nikolaj Skydsgaard COPENHAGEN/LONDON (Reuters) -Wegovy maker Novo Nordisk said on Tuesday a large study had shown the highly effective obesity treatment also had a clear cardiovascu[...]
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Nvidia launches new AI chip configuration
By Max A. Cherney (Reuters) – Nvidia announced a new configuration on Tuesday for its advanced artificial intelligence chips that is designed to speed generative AI applications. The new version[...]
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New York Times signals ad market rebound with strong second-quarter results
By Akash Sriram (Reuters) -New York Times Co signaled on Tuesday that advertising spending was picking up faster than market expectations after the news publisher beat Wall Street estimates for second[...]
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Italy shocks banks with 40% windfall tax for 2023
By Angelo Amante, Valentina Za and Giuseppe Fonte ROME (Reuters) -Italy dealt a surprise blow to its banks and sent shockwaves across the sector in Europe by setting a one-off 40% tax on profits reape[...]
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Exclusive-As US navigates summer of strikes, Biden’s top labor adviser exits, source says
By Nandita Bose (Reuters) -President Joe Biden’s top labor adviser, Celeste Drake, has stepped down, according to a source with direct knowledge of the matter, as the administration attempts to[...]
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US dollar gains broadly as risk sentiment turns sour after poor Chinese data
By Gertrude Chavez-Dreyfuss and Samuel Indyk NEW YORK/LONDON (Reuters) – The U.S. dollar firmed across the board on Tuesday, garnering safe-haven bids, after a disappointing set of Chinese trade[...]
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US business owners seek increased insurance protection amid mounting risks – study
(Reuters) – An overwhelming number of business owners in the United States are looking to expand their insurance coverage amid risks ranging from climate change to cyber attacks, a study by glob[...]
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Security firm ADT’s commercial unit to be taken private by GTCR for $1.6 billion
(Reuters) – Home and small business security firm ADT said on Tuesday it will sell its commercial security, fire and life safety unit to private equity firm GTCR for $1.6 billion. ADT expects to[...]
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