By Dawn Chmielewski and Lisa Richwine LOS ANGELES (Reuters) – The tentative deal Hollywood writers reached with the major studios and streaming services could serve as a template for actors, who have been on strike since mid-July. Writers and actors share common concerns, including the desire for higher pay and for curbs on the use …
Hollywood writers’ deal may set a template for talks with striking actors Read More »
By Lisa Richwine and Dawn Chmielewski LOS ANGELES (Reuters) -Hollywood’s writers union said its members could return to work on Wednesday while they decide whether to approve a three-year deal that provides pay raises and some protections around use of artificial intelligence among other gains. The Writers Guild of America (WGA) leadership voted unanimously to …
Hollywood writers guild ends strike ahead of final contract vote Read More »
By Nate Raymond (Reuters) -Consulting firm McKinsey & Co has agreed to pay $230 million to resolve lawsuits by hundreds of U.S. local governments and school districts alleging it fueled an epidemic of opioid addiction through its work for bankrupt OxyContin maker Purdue Pharma and other drug companies. The settlements, which require a judge’s approval, …
Consulting firm McKinsey to pay $230 million in latest US opioid settlements Read More »
WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission said on Tuesday it settled fraud charges against Hyzon Motors of misleading investors. The company, a maker of hydrogen fuel cell electric vehicles, was charged with misleading investors about its business relationships and vehicle sales before and after a July 2021 merger with a publicly traded …
US SEC settles fraud charges against Hyzon Motors over misleading investors Read More »
By Andrew Goudsward and Mike Scarcella WASHINGTON (Reuters) – The U.S. Federal Trade Commission’s monopoly lawsuit against Amazon.com filed on Tuesday poses perhaps the biggest legal test so far for the platoons of lawyers who have defended the technology giant for years against allegations of antitrust and consumer protection violations. The long-awaited FTC case against …
Amazon has deep bench of defense lawyers to fight US FTC lawsuit Read More »
By Blake Brittain (Reuters) – Drugmaker Eli Lilly convinced a federal judge in Massachusetts on Tuesday to overturn a $176.5 million jury verdict for Teva Pharmaceutical that found Lilly’s migraine drug Emgality infringed three patents related to Teva’s rival drug Ajovy. U.S. District Judge Allison Burroughs said in a post-trial ruling that the Teva patents …
US judge overturns Eli Lilly’s $176.5 million loss in Teva patent case Read More »
(Reuters) -Grocery delivery platform Instacart’s stock on Tuesday closed for the first time below the price in its initial public offering. Shares of Instacart, formally called Maplebear, dropped 1.65% to end the session at $29.89, compared to the company’s IPO price of $30 on Sept. 18. Chip designer Arm Holdings’ <ARM.O> stock dipped 1.69% to …
Instacart’s stock ends below IPO price for first time Read More »
(Reuters) – More than 25 years ago, two students at Stanford University brainstormed in their dormitory and came up with an idea – to create an internet search engine that would organize web pages and also rank them. Initially called BackRub, the startup grew into one of the world’s most valuable and influential companies, Google. …
Google’s 25-year journey from dorm to internet dominance Read More »
By Nupur Anand NEW YORK (Reuters) -JPMorgan Chase reorganized the leadership in its investment bank, promoting a new head in North America to succeed Fernando Rivas, who plans to retire, according to a memo seen by Reuters. Rivas, who previously ran the financial institutions group, was one of JPMorgan’s lead negotiators in its purchase of …
OTTAWA (Reuters) – The Canadian government will review a planned merger between U.S. grains merchant Bunge and Glencore-backed Viterra, the transport minister said in a statement on Tuesday. As part of the review, the transport ministry will launch a public interest assessment of the proposed acquisition, which must be completed by June 2, 2024, Canada’s …
Canadian government to review proposed Bunge-Viterra merger – transport minister Read More »
