Reuters US Business

By Kritika Lamba (Reuters) -Perplexity will display pictures from Getty Images across its AI search and discovery tools under a multi-year deal that sent the visual content company’s shares 5% higher on Friday. The deal marks the latest in licensing tie-ups between AI startups and digital platforms, which are looking to create new revenue streams …

Getty, Perplexity sign multi-year licensing deal to boost AI-powered search visuals Read More »

(Reuters) -Ford Motor is recalling 79,781 vehicles in the U.S. that are at risk of having interior panels near the front doors that could detach and rear lights that may stop working, the National Highway Traffic Safety Administration said on Friday. The recall includes 14,843 F-150 Lightning BEV pickup trucks for the rear lightbar problem …

Ford to recall about 79,800 vehicles in US for door panel, lightbar defects, NHTSA says Read More »

By Leah Douglas and Jessica DiNapoli WASHINGTON (Reuters) -U.S. grocers and food companies ranging from Walmart to Smithfield Foods are bracing for a dip in November sales if federal food aid benefits lapse for the first time due to the ongoing government shutdown. The shutdown has imperiled next month’s Supplemental Nutrition Assistance Program, also known …

US grocers brace for sales dip as food aid set to lapse Read More »

By Rashika Singh and Deborah Mary Sophia (Reuters) -Amazon shares surged more than 11% in early trading on Friday after strong growth at its cloud unit and a bullish sales outlook eased fears that the tech giant was falling behind rivals in the AI race. Revenue at Amazon Web Services, the hub of the company’s …

Amazon shares soar as AI boom fuels stellar growth in AWS cloud unit Read More »

By Sheila Dang HOUSTON (Reuters) -Chevron beat analyst estimates on Friday as record oil and gas production, boosted by its $55 billion acquisition of Hess, and stronger refining margins lifted the No. 2 U.S. oil producer’s results for the third quarter. Adjusted earnings for the three-month period ended September 30 were $3.6 billion or $1.85 per …

Chevron tops Q3 earnings estimates with record production after Hess deal Read More »

By Patrick Wingrove and Puyaan Singh (Reuters) -AbbVie said on Friday the Trump administration was pushing for steeper cuts in this year’s Medicare drug price negotiations, which in 2024 yielded discounts of as much as 79%. AbbVie’s irritable bowel syndrome drug Linzess and antipsychotic medication Vraylar were among the 15 drugs targeted this year for …

AbbVie says Trump pressing for larger Medicare drug price cuts Read More »

By Isla Binnie and Arasu Kannagi Basil NEW YORK (Reuters) -Investment manager Carlyle Group  forecast on Friday a pickup in dealmaking into the end of the year after lower earnings at its private equity business in the third quarter offset growth in other areas. CEO Harvey Schwartz said he expected the group to beat its financial …

Carlyle sees more deals ahead, shares drop on quarterly results Read More »

By Tim McLaughlin and Timothy Gardner (Reuters) -A huge nuclear deal announced by the Trump administration earlier this week provides a multi-billion-dollar incentive for the U.S. government to issue permits and approvals for new Westinghouse reactors – an unprecedented structure that critics say poses environmental and safety risks. Under the agreement with Westinghouse Electric’s owners, …

Analysis-Trump’s big nuclear reactor push raises safety concerns Read More »