By Sabrina Valle HOUSTON (Reuters) – Exxon Mobil’s write-down of about $2.5 billion of troubled California properties aims to end five decades of offshore oil production in the state, but[...]
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January 9, 2024
GSK boosts respiratory portfolio with $1.4 billion Aiolos Bio deal
(Reuters) -GSK on Tuesday said it would acquire asthma drug maker Aiolos Bio in a deal worth up to $1.4 billion, as the British drugmaker boosts its growing respiratory diseases portfolio. Founded in[...]
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Microsoft, US lab use AI to speed search for new battery materials
By Stephen Nellis (Reuters) – Microsoft has worked with a U.S. national laboratory to use artificial intelligence to rapidly identify a material that could mean producing batteries that require[...]
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Cryptoverse: Bitcoin derivatives traders bet billions on ETF future
By Lisa Pauline Mattackal and Medha Singh (Reuters) – Will they, won’t they? U.S. regulators are keeping crypto players on the edge of their seats as they weigh whether to give their bless[...]
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Trans Mountain oil pipeline request heads to Friday regulatory hearing
By Rod Nickel WINNIPEG, Manitoba (Reuters) – The Canada Energy Regulator (CER) will conduct a hearing on Friday about Trans Mountain Corp’s request for a change in construction to complete[...]
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Juniper soars on reports Hewlett Packard Enterprise close to $13 billion deal
(Reuters) -Juniper Networks’ shares climbed nearly 21% on Tuesday after reports Hewlett Packard Enterprise was nearing a $13 billion deal for the networking gear maker to capitalize on the boom[...]
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Too early to declare victory over inflation or recession, PIMCO says
By Davide Barbuscia NEW YORK (Reuters) – U.S. bond manager PIMCO said on Tuesday it was too early to declare victory over inflation and that recession risks persist, despite market expectations[...]
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Quakes and storms cause $95 billion in insurance losses in 2023 -Munich Re
By Alexander Hübner and Tom Sims MUNICH (Reuters) -Earthquakes in Turkey and Syria, storms in the United States and other natural disasters caused an estimated $95 billion in insured losses in 2023, d[...]
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World Bank forecasts 2024 global growth to slow for third consecutive year
By David Lawder WASHINGTON (Reuters) – The World Bank warned on Tuesday that global growth in 2024 is set to slow for a third year in a row, prolonging poverty and debilitating debt levels in ma[...]
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