WASHINGTON (Reuters) – The Biden administration said on Tuesday it has responded to offers from the manufacturers of 10 high-cost drugs selected for the U.S. Medicare program’s first-ever[...]
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April 3, 2024
Exclusive-Frontier’s flight attendants oppose operations overhaul, demand negotiations
By Rajesh Kumar Singh CHICAGO (Reuters) – Flight attendants at Frontier Airlines are opposing an overhaul to the airline’s operations – a key element of its turnaround strategy[...]
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Lilly’s weight-loss drug Zepbound to face supply crunch through April-end, US FDA says
(Reuters) -Two doses of Eli Lilly’s weight-loss drug Zepbound are expected to remain in short supply through April-end, the U.S. Food and Drug Administration’s website showed on Wednesday,[...]
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Auto industry must halve EV battery weight over next decade, Stellantis CEO says
MILAN (Reuters) – The automotive industry will have to reduce the weight of EV batteries by 50% in the next 10 years to make electrification environmentally meaningful, the head of Stellantis sa[...]
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Amazon Web Services lays off several hundred tech, sales staff
(Reuters) – Amazon Web Services has eliminated several hundred sales, marketing and tech roles, it said on Wednesday, the latest in a series of job cuts by its parent Amazon.com. The impacted st[...]
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Ford’s pickups, hybrids drive 6.8% rise in first-quarter US sales
(Reuters) -Ford Motor Co reported a 6.8% rise in first-quarter U.S. auto sales on Wednesday, powered by demand for its pickup trucks, crossover SUVs and hybrids. Sales of the automaker’s afforda[...]
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TSMC halts work at construction sites in Taiwan after earthquake
(Reuters) – Taiwan Semiconductor Manufacturing Co, the world’s biggest contract chipmaker, said on Wednesday it has suspended work at its construction sites in Taiwan as a fallout of the 7[...]
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Intel slides as foundry business loss spotlights wide gap with rival TSMC
By Arsheeya Bajwa (Reuters) -Intel shares fell nearly 7% on Wednesday, as ballooning losses at its contract chip-making business signaled the company could take years to catch up with the profitabilit[...]
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Analysis-Wall Street gears up for US tax season liquidity test
By Davide Barbuscia NEW YORK (Reuters) – Wall Street is bracing for a potential bout of stress in money markets by putting some cash on the side ahead of U.S. tax day, when high tax-related outf[...]
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