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(Reuters) -Mikael Dolsten, Pfizer’s former research and development chief, has withdrawn his candidacy for Novo Nordisk’s board, citing personal reasons, the Danish drugmaker said on Thursday. Dolsten, who led Pfizer’s R&D operations until 2024, informed Novo that he would not seek election at Friday’s extraordinary general meeting. He has previously held senior R&D roles at …

Pfizer’s former R&D chief Dolsten pulls out of Novo Nordisk board race Read More »

By Juveria Tabassum and Waylon Cunningham (Reuters) -More than 1,000 Starbucks unionized baristas in over 40 U.S. cities launched an indefinite strike on Thursday, intensifying their push for a collective bargaining agreement over increasing pay and staffing levels at the coffee giant. The walkout will begin with 65 stores, the Starbucks Workers United said, coinciding …

Starbucks union baristas walk out on Red Cup Day in push for contract talks Read More »

By Sinéad Carew and Marc Jones NEW YORK/LONDON (Reuters) -Wall Street indexes suffered their biggest one-day decline in a month on Thursday, pushing down MSCI’s global equities gauge while U.S. Treasury yields rose as investor bets for a December rate cut took a dive after hawkish comments by Federal Reserve officials. In currencies, the dollar …

Equities tumble, bond prices dip as hopes fade for Fed rate cut in December Read More »

By Noel Randewich (Reuters) -Wall Street ended sharply lower on Thursday, with steep losses in Nvidia and other AI heavyweights, as investors scaled back expectations of interest rate cuts due to inflation worries and divisions among central bankers about the U.S. economy’s health. All three major U.S. stock indexes posted their steepest daily percentage declines …

Wall Street tumbles as Nvidia slides, investors fret that Fed may slow rate cuts Read More »

By Mike Scarcella (Reuters) -Apple and ChatGPT maker OpenAI on Thursday failed to convince a federal judge to dismiss a lawsuit by Elon Musk’s X Corp accusing them of conspiring to monopolize markets for smartphones and generative AI chatbots. In his ruling, U.S. District Judge Mark Pittman in Fort Worth, Texas, said Musk’s social media …

Apple and OpenAI must face X Corp’s lawsuit for now, US judge rules Read More »

By David Shepardson WASHINGTON (Reuters) -U.S. airlines have cut far fewer flights for Friday than the requirement that they cut 6% of domestic flights at the 40 busiest American airports, according to aviation analytics firm Cirium and airline officials. The Federal Aviation Administration late on Wednesday said it would freeze mandatory flight cuts at 6%, …

US airlines reduce flight cuts for Friday despite 6% FAA order Read More »

By Andre Romani SAO PAULO (Reuters) -Nu Holdings, the listed entity which runs Brazilian digital lender Nubank, posted on Thursday an increase in its third-quarter net income driven by its Brazilian and Mexican businesses, beating analysts’ projections. The company reported a $783 million net income for the July-September period, up 39% year-on-year on a currency-neutral …

Digital lender Nubank posts Q3 income beat, record profitability Read More »

By Rae Wee and Ankur Banerjee SINGAPORE (Reuters) -Investors laid a record wager on Japan’s yen rising to take advantage of a long-overdue economic revival that coincided with expectations for a U.S. slowdown.  Instead, what’s unfolded is a cautionary tale of the Trump era. The yen is struggling at nine-month lows and speculators are back-pedalling …

How the yen tripped up investors…again Read More »

(Reuters) -Warner Bros Discovery said on Thursday it has amended CEO David Zaslav’s employment agreement as the entertainment company undertakes a strategic review of its business. As part of this process, Zaslav has agreed to amend his tenure and nonqualified stock option agreements, originally entered in June. The company said it would extend Zaslav’s agreement …

Warner Bros Discovery amends CEO Zaslav’s contract amid strategic review Read More »

By Lisa Richwine and Dawn Chmielewski LOS ANGELES (Reuters) -Walt Disney signaled on Thursday it was girding for a potentially prolonged fight with YouTube TV over distribution of its television networks, worrying investors about the outlook for its already declining TV business. The company also missed quarterly revenue expectations as the cable weakness overshadowed strong …

Disney warns of potentially long dispute with YouTube TV, shares fall Read More »