Reuters US Business

(Corrects to remove errant phrase “single-source” from 9th paragraph) By Mike Stone WASHINGTON (Reuters) -President Donald Trump’s order for the Defense Department to start testing nuclear weapons could lead to billions of dollars’ worth of contracts for a handful of specialized companies that dominate the United States’ nuclear weapons infrastructure.     The Trump announcement Wednesday night …

Trump nuclear testing order may boost Honeywell, BWX Technology and others Read More »

By Anuja Bharat Mistry (Reuters) -Colgate-Palmolive cut its annual sales forecast on Friday, in a sign that rising economic uncertainty is reducing consumer spending on higher-priced items, even in essential categories such as oral and personal care. The maker of Colgate toothpaste and Palmolive soap has been raising prices in most markets to counter the …

Colgate-Palmolive cuts annual sales forecast as consumers balk at price hikes Read More »

By Shashwat Chauhan (Reuters) -Shares of data storage companies such as Seagate and Western Digital have sharply outperformed the broader market this year, powered by the staggering demand for hard drives in the global race to scale up AI-related infrastructure. Both Seagate and Western Digital stocks were trading at record highs, having surged more than …

Data storage firms Western Digital, Seagate soar on AI-driven demand spike Read More »

By Mrinalika Roy and Patrick Wingrove (Reuters) -Eli Lilly said on Thursday its experimental weight-loss pill met most criteria for the U.S. Food and Drug Administration’s new national priority voucher, suggesting it is a strong candidate for a significantly accelerated approval review. Lilly said it will submit its review package for the pill, orforglipron, to …

Eli Lilly says weight-loss pill a candidate for speedy approval under new US program Read More »

By Dawn Kopecki, Dawn Chmielewski and Amy-Jo Crowley (Reuters) -Netflix is actively exploring a bid for Warner Bros Discovery’s studio and streaming business, retaining a financial advisor and gaining access to financial information, according to three sources familiar with the matter. The video streaming service has hired Moelis & Co, the investment bank that advised Skydance …

Exclusive-Netflix taps bank to explore bid for Warner Bros Discovery Read More »

SYDNEY (Reuters) -U.S. defence firm Anduril Industries on Friday opened a new manufacturing facility in Sydney to produce undersea drones known as “Ghost Sharks” and deliver on its A$1.7 billion ($1.1 billion) supply contract with Australia’s navy. Australia in September awarded Anduril the contract to co-develop a fleet of Ghost Shark vessels over the next …

Anduril opens Australian factory to build undersea ‘Ghost Shark’ drones Read More »