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Analysis-Hims & Hers says its weight-loss business can grow as US market changes

10 Jun 2025

By Amina Niasse (Reuters) -Hims & Hers Health is betting that the cash-pay market for weight-loss drugs will drive up customer demand although some analysts see a need for the online website to adjust to changing competition in the U.S. Hims has thrived in the market for cheaper compounded versions of highly in-demand weight-loss drugs, …

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European stocks flat as investors await outcome of US-China talks

10 Jun 2025

By Purvi Agarwal and Pranav Kashyap (Reuters) -European shares closed little changed on Tuesday in cautious trade as investors awaited the outcome of the second day of U.S.-China trade talks in London. The continent-wide STOXX 600 index closed unchanged for the second straight day, at 553.12 points. The two-day London meeting between the world’s two …

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Macro hedge funds navigate choppy May with positive returns, say sources

10 Jun 2025

LONDON (Reuters) -Macro hedge funds returned positive results during a volatile trading month, said sources on Tuesday familiar with their performance. Rokos Capital Management returned a positive 1.28% for May, taking this year’s return to May-end to a positive 9.46%, said a source who declined to be named. Separately, hedge fund EDL Capital was down …

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Syngenta group expects minimal impact from U.S tariffs in 2025, executive says

10 Jun 2025

CAMPINAS, Brazil (Reuters) -Agrochemicals company Syngenta Group expects a minimal impact from tariffs imposed by U.S. President Donald Trump on its business in 2025, Steven Hawkins, global president of Syngenta’s crop protection business, said on Tuesday. While the company is growing and investing in its portfolio of biological products, these are not a substitute for …

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UK’s FTSE 100 closes near record highs after labour data raises rate-cut bets

10 Jun 2025

(Reuters) -London shares gained on Tuesday, with the FTSE 100 within touching distance of its all-time high after soft labour market data added to bets of more interest rate cuts in the year, while investor attention remained on U.S.-China trade talks. The blue-chip FTSE 100 closed 0.2% higher, sitting close to 20 points from its …

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Former Expedia CEO Peter Kern to rescue Italian lingerie company La Perla

10 Jun 2025

ROME (Reuters) -Italy’s troubled luxury lingerie company La Perla will be rescued and taken over by Peter Kern, the former chief executive of U.S. travel technology company Expedia, the Italian government said on Tuesday. Kern submitted the best offer for the firm through his luxury holding LLC, Industry Minister Adolfo Urso said after a meeting …

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Russian MPs back new state messaging app to combat WhatsApp and Telegram

10 Jun 2025

By Alexander Marrow (Reuters) -Russian lawmakers on Tuesday voted for the development of a state-backed messaging app that would be closely integrated with government services, as Moscow strives to reduce its dependency on platforms like WhatsApp and Telegram. Russia has long sought to establish what it calls digital sovereignty by promoting home-grown services. Its push …

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Russia fines Apple for violating ‘LGBT propaganda’ law, TASS reports

10 Jun 2025

MOSCOW (Reuters) -A Russian court on Tuesday fined U.S. tech giant Apple six million roubles ($76,510) for violating Russian rules on what Moscow calls “LGBT propaganda,” the state TASS news agency reported. Russia in 2023 widened existing restrictions on the promotion of “non-traditional sexual relations” amid a broader crackdown on LGBT rights, part of President …

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US-China trade talks going well, says Lutnick

10 Jun 2025

LONDON (Reuters) -U.S. Commerce Secretary Howard Lutnick told reporters that trade talks with China that are taking place in London were going well and were expected to last all day on Tuesday. (Reporting by Alistair Smouth, writing by Sam Tabahriti; Editing by Sachin Ravikumar)

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