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Microchip forecasts quarterly net sales below estimates as inventory clearing weighs

7 Nov 2025

(Reuters) -Microchip Technology forecast third-quarter net sales below Wall Street estimates on Thursday, indicating tepid demand for its chips as customers in the automotive and industrial markets continue to clear excess inventory. Clients have been working to lower chip inventory levels, after excessive buying during the pandemic led to a supply glut, hampering demand for …

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Monster Beverage beats quarterly results estimates on strong demand for sugar-free energy drinks

7 Nov 2025

(Reuters) -Monster Beverage beat Wall Street estimates for third-quarter revenue and profit on Thursday, helped by resilient demand for its sugar-free energy drinks and new flavors even amid economic uncertainty. WHY IT’S IMPORTANT Monster benefited from the recent shift in consumer preference as they become more health-conscious and opt for energy and sugar-free drinks over …

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Starlink signs landmark global direct-to-cell deal with Veon as satellite-to-phone race heats up

7 Nov 2025

By Gianluca Lo Nostro and Leo Marchandon (Reuters) -Elon Musk’s Starlink, a subsidiary of SpaceX, secured its largest direct-to-cell deal yet with telecoms group Veon, granting access to over 150 million potential customers, both companies said on Thursday, as competition in satellite-to-smartphone connectivity intensifies.  Direct-to-cell technology allows smartphones to connect to satellite networks in space …

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Texas sues gaming platform Roblox for allegedly concealing safety risks from parents

7 Nov 2025

By Jonathan Stempel (Reuters) -Roblox has been sued by Texas Attorney General Ken Paxton, who on Thursday accused the online gaming platform of deceiving parents about the safety risks it poses to children. Paxton joined the attorneys general of Kentucky and Louisiana, as well as many private plaintiffs, who have alleged that Roblox’s platform has …

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Pfizer, Novo again raise Metsera bids in intensifying obesity drug battle

6 Nov 2025

By Sabrina Valle and Maggie Fick NEW YORK/LONDON (Reuters) -The Pfizer and Novo Nordisk battle for obesity drug developer Metsera intensified on Thursday after a fresh round of sweetened bids. Novo raised its offer for the U.S. biotech on Thursday just hours after New York-based Pfizer matched the Danish drugmaker’s previous $10 billion proposal late …

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Fed’s Hammack leans against more rate cuts because of high inflation

6 Nov 2025

By Michael S. Derby NEW YORK (Reuters) -Cleveland Federal Reserve President Beth Hammack said on Thursday ongoing high levels of inflation argue against the U.S. central bank cutting interest rates again. “I remain concerned about high inflation and believe policy should be leaning against it,” Hammack said in the text of a speech to be …

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Exclusive-Comcast hires bankers to explore bid for Warner Bros Discovery

6 Nov 2025

By Dawn Chmielewski, Amy-Jo Crowley, Dawn Kopecki and Milana Vinn NEW YORK (Reuters) -Comcast has retained financial advisors and gained access to financial information as it explores a bid for Warner Bros Discovery’s studio and streaming businesses, according to four sources familiar with the matter. NBCUniversal’s parent company has hired Goldman Sachs and Morgan Stanley to evaluate …

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Novavax delays profitability target with eyes on Sanofi-led launches

6 Nov 2025

By Mariam Sunny and Siddhi Mahatole (Reuters) -Novavax on Thursday provided preliminary adjusted revenue for 2026 and pushed back its profitability target by a year to 2028 as the biotech awaits key product launches from its partnership with Sanofi. The company is banking on the rollout of a COVID-19-influenza combination vaccine, which includes its shot, …

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A Trump Supreme Court tariff defeat would add to trade uncertainty

6 Nov 2025

By David Lawder, Andrea Shalal and Ann Saphir WASHINGTON (Reuters) -The U.S. Supreme Court’s tough questioning of President Donald Trump’s global tariffs fueled increased speculation that they will be struck down, but raised the specter of additional chaos as he is widely expected to shift to other trade tactics in the wake of an adverse …

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