Reuters UK Business

By David Shepardson WASHINGTON (Reuters) -Stellantis said Tuesday it is recalling 375,000 plug-in hybrid Jeep Wrangler and Grand Cherokee SUVs worldwide over battery failure after 19 reports of fires, and urged owners to park outdoors until a fix is completed. The recall covers some 2020 through 2025 Jeep Wrangler 4xe and 2022-2026 Jeep Grand Cherokee …

Stellantis recalls 375,000 Jeep SUVs over fire risks, urges owners to park outside Read More »

By Giulio Piovaccari and Keith Weir MILAN (Reuters) -Luxury sports carmaker Ferrari posted a better-than-expected 5% increase in third-quarter core earnings on Tuesday, with pricier models in its SF90 XX and 12Cilindri family helping to offset the impact of U.S. import tariffs. Increased personalisations – finishing touches that come at an extra cost – also …

Ferrari shares rise as luxury pricing power drives Q3 earnings beat Read More »

(Amends paragraph 6 after Metsera corrects Novo’s previous CVR offer to $21.25 from $22.50) (Reuters) -Novo Nordisk and Pfizer have revised their bids for Metsera, the obesity drug developer said on Tuesday. Novo’s revised offer brings the deal value to about $10 billion, while Pfizer is now willing to shell out $8.1 billion. The revised …

Novo Nordisk, Pfizer sweeten bid for Metsera as bidding war heats up Read More »

By Anuja Bharat Mistry (Reuters) -Capri Holdings reported an unexpected quarterly loss on Tuesday and warned that tariffs could impact current quarter margins, amid rising economic uncertainty affecting consumer sentiment and business operations in the retail industry. The company – which imports the majority of products sold in the U.S. from countries including Vietnam and …

Capri Holdings posts surprise quarterly loss, warns of tariff hit Read More »

By Zaheer Kachwala (Reuters) -Palantir Technologies fell around 6% on Tuesday as a strong quarterly update from the company failed to extend its record-breaking rally. The company, which has more than doubled in value this year, forecast fourth-quarter revenue above market expectations on Monday, driven by a rapid AI adoption boosting demand for its data …

Palantir’s bull run stalls as Burry bets against the AI darling Read More »

By Harshita Mary Varghese and Kritika Lamba (Reuters) -Amazon’s $38 billion cloud deal with OpenAI marks a major endorsement for the e-commerce giant’s cloud business after recent setbacks, including ceding market share to rivals and an outage that disrupted large parts of the internet. After years of leading the cloud computing industry with its highly …

Analysis-Amazon’s $38 billion OpenAI deal shows it is no longer an AI laggard Read More »