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By Marisa Taylor WASHINGTON (Reuters) – U.S. Food and Drug Administration inspectors found problems with record keeping and quality controls for animal experiments at Elon Musk’s Neuralink, less than a month after the startup said it was cleared to test its brain implants in humans, according to an agency report reviewed by Reuters. The inspectors …

Exclusive-Musk’s Neuralink brain implant company cited by FDA over animal lab issues Read More »

By Danilo Masoni MILAN (Reuters) – A series of potential deals across Europe’s fragmented telecoms industry has put the battered sector in the spotlight, as consolidation could help boost profit margins. European telecoms stocks are at fresh record lows relative to the market after years of investor neglect in markets dominated by megacaps that offer …

M&A may breathe new life into Europe’s neglected telecoms Read More »

NEW YORK (Reuters) – The Nasdaq posted a record high finish on Thursday, closing above its prior record high of 16,057.44 set on Nov. 21, 2021. The index has been boosted by technology stocks linked to artificial intelligence including Nvidia and Microsoft. (Reporting by Caroline Valetkevitch)

(Reuters) -Electric-vehicle startup Fisker on Thursday raised substantial doubts about its ability to continue as a going concern, sending its shares down around 17% in extended trading. The company, which missed analysts’ expectations for quarterly revenue, also also announced plans to reduce its workforce by about 15%. (Reporting by Zaheer Kachwala in Bengaluru; Editing by …

EV startup Fisker raises going concern doubts, shares drop Read More »

By Greg Bensinger (Reuters) -General Motors’ Cruise saw its internal share price cut by more than half from a quarter ago as the fallout from an October accident continues to weigh on the self-driving car company. Cruise employees were told the share price had been estimated by a third party at $11.80, according to an …

Exclusive-GM’s Cruise valuation slashed by more than half, adding to woes Read More »

By David Lawder WASHINGTON (Reuters) -The Internal Revenue Service said on Thursday it will crack down on high-income earners who have failed to file tax returns in 125,000 cases since 2017, resurrecting a non-filer enforcement program that was idled for years by past budget cuts. The IRS said that the $80 billion in funding over …

US IRS aims to collect on 125,000 unfiled high-income tax returns Read More »

By Jonathan Stempel (Reuters) -A U.S. judge on Thursday signaled he may dismiss X Corp’s lawsuit against a nonprofit group that has criticized a rise in hate speech on the social media platform once known as Twitter since Elon Musk took it over. X sued the Center for Countering Digital Hate last July, accusing it …

US judge signals Elon Musk’s X may lose case against hate speech watchdog Read More »

By Svea Herbst-Bayliss (Reuters) -Institutional Shareholder Services, a proxy advisory firm, on Thursday threw its support behind Starbucks Corp by recommending that investors elect all of management’s directors instead of a group of labor unions’ nominees. The Strategic Organizing Center (SOC), a coalition of North American labor unions, last year nominated three director candidates amid …

Proxy advisor ISS backs Starbucks in board challenge from labor group Read More »

By David Shepardson WASHINGTON (Reuters) -Major automakers said on Wednesday that a California plan to end the sale of gasoline-only vehicles by 2035 might be unworkable in 11 other states that adopted it, citing insufficient consumer demand. The Alliance for Automotive Innovation, which represents most major automakers except Tesla, raised concerns in comments filed with …

Automakers question feasibility of California 2035 EV sales mandate plan Read More »

By Chuck Mikolajczak and Noel Randewich NEW YORK (Reuters) -The S&P 500 and Nasdaq closed higher on Thursday, buoyed by tech stocks linked to AI, while inflation data and comments from Federal Reserve officials helped shape expectations for the timing of the central bank’s interest rate cuts. Heavweight chipmaker Nvidia advanced as the biggest boost …

S&P, Nasdaq close higher as inflation data tightens rate cut view Read More »