Reuters US Business

Lilly partners with Nvidia on AI supercomputer to speed up drug development

(Reuters) -Eli Lilly said on Tuesday it was collaborating with Nvidia to build a supercomputer to help with drug discovery and shorten development cycles, getting medicines to people faster. Using the supercomputer, scientists at Lilly will be able to train AI models on millions of experiments to test potential medicines, expanding the scope of drug …

Lilly partners with Nvidia on AI supercomputer to speed up drug development Read More »

Hundreds of air traffic controllers take second jobs as US shutdown continues

By Doyinsola Oladipo and David Shepardson NEW YORK/ARLINGTON, Virginia (Reuters) -Hundreds of U.S. air traffic controllers have taken second jobs after missing their first full paychecks due to the government shutdown, intensifying strain on an already stretched aviation safety system, a union official said.  Air traffic controllers and trainees are taking side hustles like waiting …

Hundreds of air traffic controllers take second jobs as US shutdown continues Read More »

‘Battlefield’ maker EA misses quarterly bookings estimates on uncertain gamer spend

By Zaheer Kachwala (Reuters) -Electronic Arts missed Wall Street expectations for second-quarter bookings on Tuesday, weighed down by uncertain spending on its core sports portfolio and difficult growth comparisons to a strong launch of “College Football 25” last year. The results are EA’s first since announcing its decision to be acquired by a group of …

‘Battlefield’ maker EA misses quarterly bookings estimates on uncertain gamer spend Read More »

FCC chair says no decision made on whether to lift local TV ownership cap

By David Shepardson WASHINGTON (Reuters) -Federal Communications Commission chair Brendan Carr said on Tuesday the commission had made no decision on whether to lift the current cap on television station ownership, which is necessary for Nexstar Media to merge with smaller rival Tegna. Acquiring Tegna would expand Nexstar’s presence covering 80% of TV households across key …

FCC chair says no decision made on whether to lift local TV ownership cap Read More »

PPG Industries beats third-quarter profit estimates on higher sales

(Reuters) -Global paint supplier PPG Industries beat Wall Street expectations for third-quarter profit on Tuesday, driven by higher sales and prices in its performance coatings and global architectural coatings segments. U.S. manufacturing activity increased in August and September amid a rebound in the output of motor vehicles and some nondurable goods, even as tariffs continued …

PPG Industries beats third-quarter profit estimates on higher sales Read More »

Booking Holdings beats results estimates on steady travel demand, shares up

(Reuters) -Online travel agent Booking Holdings beat Wall Street estimates for third-quarter revenue and profit on Tuesday, helped by more customers bundling their reservations on its platform and steady travel demand. Shares of the company rose nearly 5% in after-hours trading. “While there remains some uncertainty in the macroeconomic and geopolitical backdrop, we are pleased …

Booking Holdings beats results estimates on steady travel demand, shares up Read More »

Seagate forecasts second-quarter results above estimates on AI strength

(Reuters) -Seagate Technology forecast second-quarter revenue and profit above analysts’ estimates on Tuesday, betting on robust demand for its storage devices as cloud providers expand investments in hardware to support generative AI development.  Shares of the company rose over 3% in extended trading.  Cloud providers are pouring hundreds of billions of dollars into hardware that …

Seagate forecasts second-quarter results above estimates on AI strength Read More »

Texas sues Tylenol makers J&J and Kenvue, claiming they hid drug’s autism risks

By Jonathan Stempel (Reuters) -The makers of Tylenol, Johnson & Johnson and Kenvue, were sued on Tuesday by Texas Attorney General Ken Paxton, who accused them of knowingly hiding the drug’s supposed links to autism and attention deficit hyperactivity disorder. Paxton, a Republican, sued five weeks after Republican President Donald Trump said using Tylenol during …

Texas sues Tylenol makers J&J and Kenvue, claiming they hid drug’s autism risks Read More »

BofA makes executive changes in technology and telecom investment banking teams, memo shows

(Reuters) -Bank of America announced a host of executive changes to its global corporate and investment banking team, according to an internal memo seen by Reuters on Tuesday, as it divided leadership responsibilities for technology and telecom. Matthew Sharnoff and Johnny Williams were appointed as co-heads of global technology investment banking, and Daniel Kelly and …

BofA makes executive changes in technology and telecom investment banking teams, memo shows Read More »

Close Bitnami banner
Bitnami