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Waters Corp raises annual profit forecast on stronger lab equipment demand

(Reuters) -Lab equipment maker Waters Corp raised its annual profit forecast on Tuesday, after beating third-quarter profit estimates on improved demand from biotech clients for its tools used in drug development and research.  The Milford, Massachusetts-based company expects annual adjusted profit per share in the range of $13.05 to $13.15, up from its prior forecast …

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Stanley Black & Decker lowers annual profit forecast on higher production costs

(Reuters) -Power tools maker Stanley Black & Decker lowered its annual profit forecast on Tuesday, citing higher production costs, sending its shares down nearly 4% in premarket trading. As companies adjust to President Donald Trump’s changing tariff policies through supply chain and pricing measures, production costs have increased. The company, however, said it expects the …

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Sarepta slumps as trial failure deepens woes for drugmaker

(Reuters) -Sarepta Therapeutics’ shares plunged nearly 40% in premarket trading on Tuesday as failure of two of its approved drugs for a muscle wasting disorder in a key trial raised concerns about the strength of the company’s portfolio. The latest setback compounds Sarepta’s woes as it is already facing intense scrutiny over its top-selling gene …

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Exclusive-US not ready to lift Mexican cattle ban over screwworm, Agriculture Secretary Rollins says

By Brendan O’Boyle and Cassandra Garrison MEXICO CITY (Reuters) -The U.S. is not yet ready to reopen its border to Mexican cattle amid an outbreak of the flesh-eating New World screwworm parasite, Agriculture Secretary Brooke Rollins said, but she is pleased with Mexico’s efforts to contain the pest. Rollins, in Mexico City for meetings with …

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Leidos lifts annual profit forecast after third-quarter beat on resilient demand

(Reuters) -Defense contractor Leidos Holdings lifted its annual profit forecast on Tuesday, backed by resilient demand for its munitions. Its shares rose about 2.7% before the bell. Leidos and its competitors have benefited from the global rise in defense spending amid the Russia-Ukraine war and unabated tensions in the Middle East. It sees annual diluted …

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From pickaxes to AI, COP30 host state holds past and future of Amazon mining

By Jorge Silva SERRA PELADA, Brazil (Reuters) -With a voice more youthful than his 72 years would suggest, Lucindo Lima sings about the untold riches he never made in Brazil’s Serra Pelada mine, a site made famous by a 1980s gold rush immortalized by the late photographer Sebastiao Salgado. “Under those mountains all our riches …

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Poll shows 47% of Americans see large US trade deficit as economic emergency

WASHINGTON (Reuters) -About half of Americans view the large U.S. trade deficit with other countries as an economic emergency, according to a poll released on Tuesday, a day before the Supreme Court is due to consider the legality of sweeping tariffs imposed by President Donald Trump under a law meant for emergencies. The poll, commissioned …

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US manufacturing mired in weakness as tariff gloom spreads

By Lucia Mutikani WASHINGTON (Reuters) -U.S. manufacturing contracted for an eighth straight month in October as new orders remained subdued, and suppliers were taking longer to deliver materials to factories against the backdrop of tariffs on imported goods. Accounts from manufacturers in the Institute for Supply Management survey on Monday painted a dire picture of …

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Eaton beefs up data center segment with $9.5 billion Boyd Thermal deal

By Aishwarya Jain and Kane Wu (Reuters) -Eaton will acquire Boyd Corporation’s thermal business from Goldman Sachs Asset Management for $9.5 billion, the fourth deal this year for the power management firm seeking to bolster its data center segment to cater to AI demand surge. The global appetite for energy-intensive data centers has sparked a …

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