(Reuters) – French drugmaker Sanofi said on Thursday it would restructure the U.S. commercial operations for its vaccines and cut an undisclosed number of jobs. Sanofi would implement a “streamlined strategic sales structure” to better support its customers and patients, it said without disclosing any details on the changes to be made, the timeframe and …
Sanofi to overhaul US operations of vaccines, cut jobs Read More »
By Diego Oré MEXICO CITY (Reuters) – (This April 17 story has been corrected to remove the language regarding the cash-on-hand balance being used to pay expenses and short-term debt, which the CEO did not refer to, in paragraph 2 and adds a quote clarifying that the CEO provided details on risk management in paragraph …
Fintech Revolut bets on Mexico growth, expects remittances as driver Read More »
By Katie Paul NEW YORK (Reuters) -Meta Platforms on Thursday released early versions of its latest large language model, Llama 3, and an image generator that updates pictures in real time while users type prompts, as it races to catch up to generative AI market leader OpenAI. The models will be integrated into its virtual …
Meta releases early versions of its Llama 3 AI model Read More »
WASHINGTON (Reuters) -German Finance Minister Christian Lindner rejected on Thursday Brazil’s proposal to tax the super-rich. “We do not think it is suitable,” he said at a press conference alongside Bundesbank President Joachim Nagel in Washington. “We have an appropriate taxation of income.” Brazil, heading the presidency of the Group of Twenty (G20), is aiming …
German finance minister rejects Brazil’s proposal to tax super-rich Read More »
WASHINGTON (Reuters) – The European Central Bank will most likely cut interest rates several times, but it does not need to chart its course precisely yet, ECB policymaker Gediminas Simkus said on Thursday. “Most likely we’re going to have several cuts,” he said at an event in Washington. “But we don’t need to be precise. …
ECB’s Simkus says several interest rate cuts are most likely Read More »
By Tom Hals and Jody Godoy (Reuters) – Tesla and Elon Musk are seizing upon an obscure provision in corporate law to attempt to restore Musk’s $56 billion pay package, in an untested move that could again mire the company in litigation, legal experts said. The electric vehicle maker on Wednesday proposed putting Musk’s 2018 …
Analysis-Tesla tries legal ‘Band-Aid’ to revive Musk’s huge pay deal Read More »
(Reuters) – Alphabet-owned Google said on Thursday it would consolidate teams that focus on building artificial intelligence models across its Research and DeepMind divisions in its latest push to develop its AI portfolio. Google will relocate its Responsible AI teams – which focuses on safe AI development – from Research to DeepMind so that they …
Google consolidates its DeepMind and Research teams amid AI push Read More »
By Ron Bousso LONDON (Reuters) -BP said on Thursday its head of natural gas and low carbon energy Anja-Isabel Dotzenrath will step down after just over two years as CEO Murray Auchincloss seeks to simplify its management structure in a cost-cutting drive. Dotzenrath, who joined BP in March 2022 from RWE Renewables to lead its …
BP’s gas and renewables boss steps down as CEO shrinks leadership Read More »
By Richa Naidu, Agata Rybska and Dominique Vidalon LONDON/PARIS (Reuters) -France’s Danone reported stronger-than-expected first quarter sales on Thursday and said consumers would see “very little” change in prices of its products on shelves in stores in Europe and North America this year as cost inflation eases. The maker of Activia yoghurt, Evian water and …
Danone beats sales forecasts, sees end of sharp European, US price hikes Read More »
By John Revill ZURICH (Reuters) -ABB shares soared to their highest ever level on Thursday after the Swiss engineering group posted better-than-expected first quarter profit and signalled faster growth in the coming months. The maker of factory robots and electric motors for ships also raised its profit outlook, saying markets, such as the United States …
ABB shares hit record high after Swiss engineering group’s confident start to 2024 Read More »
