Reuters US Business

By Bhanvi Satija LONDON (Reuters) -Metsera has become the obesity drug market’s hottest ticket. The New York-based biotech is at the centre of a bidding war between Novo Nordisk and Pfizer, both vying for access to its pipeline of experimental treatments as competition intensifies in the booming $150 billion weight-loss drug market. Metsera’s lead candidate, …

Metsera the US obesity biotech at centre of Novo, Pfizer bidding war Read More »

By Stephen Nellis, Akash Sriram and Kenrick Cai WASHINGTON (Reuters) -Apple Chief Executive Tim Cook on Thursday gave forecasts for holiday quarter iPhone sales and overall revenue that surpass Wall Street expectations, powered by orders for iPhone 17 models that the company is racing to fulfill amid continuing supply constraints.  The constraints, as well as …

Apple CEO forecasts holiday quarter iPhone sales that top Wall Street estimates Read More »

(Corrects third bullet to say YouTube TV, not Disney, claims that Disney’s terms, not Google’s, benefit Hulu + Live TV) By Shubham Kalia and Dawn Chmielewski (Reuters) -Disney’s networks went dark on Google’s pay-TV platform YouTube TV after negotiations to reach a licensing deal failed, the companies said in separate statements late on Thursday. The …

Disney networks go dark on YouTube TV after failed talks Read More »

By Lauren Young NEW YORK (Reuters) -The U.S. Federal Reserve cut its key interest-rate target by a quarter of a percentage point on Wednesday. But Fed Chair Jerome Powell cautioned that another move in 2025 is not guaranteed.  “A further reduction in the policy rate at the December meeting is not a foregone conclusion. Far …

What the latest Fed rate cut means for your money — even if the next one is not certain Read More »

By Scott Murdoch and Rishav Chatterjee (Reuters) -Australia’s ANZ Group on Friday said it would take a A$1.11 billion ($721.28 million) after-tax profit hit in the second half due to charges related to restructuring, staff cuts and a major regulatory settlement. The lender, Australia’s fourth-largest by market capitalisation, said it is streamlining its core business units …

ANZ flags $721 million hit to second-half profit from restructuring, compliance costs Read More »

(Reuters) -Australian embattled casino group Star Entertainment on Friday narrowed its first-quarter loss sequentially on better performance across its operations but investor concerns around the firm’s operational viability continued to linger.  The company reported a loss before interest, taxes, depreciation and amortization for the three months ended September 30 of A$13 million ($8.45 million), compared …

Australia’s Star Entertainment narrows Q1 losses sequentially, warns of AUSTRAC’s impact Read More »

By Dharna Bafna (Reuters) -First Solar, the biggest U.S.-based solar panel maker, beat expectations for third-quarter sales on Thursday, driven by robust demand for its products, sending its shares up more than 5% in extended trading. Solar-generated electricity is one of the fastest-growing segments of the U.S. energy industry, driven by strong demand from corporations …

First Solar sales top estimates, company to open another US factory Read More »