Reuters US Business

By Sneha S K and Siddhi Mahatole (Reuters) -Peter Marks, the former top vaccine regulator who was ousted from the U.S. Food and Drug Administration earlier this year, has joined Eli Lilly, the drugmaker told Reuters on Tuesday. Marks will oversee molecule discovery and infectious diseases at Lilly, starting this month. “Peter’s expertise strengthens our …

Eli Lilly taps former US FDA official Peter Marks to head infectious disease Read More »

(Reuters) -Australia’s Lynas Rare Earths has partnered with U.S.-based manufacturer Noveon Magnetics to supply rare earth permanent magnets to defence and commercial sectors in the U.S., the two companies said on Wednesday. The deal includes provision of both light and heavy rare earth materials and the production and supply of finished magnets to end-users across …

Australia’s Lynas partners with Noveon for rare earth magnets supply to US Read More »

(Reuters) -Gold surged above $4,000 an ounce to hit a record on Wednesday, driven by investors seeking safety from mounting economic and geopolitical uncertainty, alongside expectations of further interest rate cuts by the U.S. Federal Reserve. Bullion, which typically performs well when interest rates are low, has risen 52% this year, which in addition to …

How investors buy gold and what drives the market Read More »

(Reuters) -Anthropic, the artificial intelligence startup backed by Alphabet’s Google and Amazon.com, said on Tuesday it will open its first office in India next year, aiming to tap into the country’s growing appetite for AI tools. The move comes as AI adoption in India accelerates, fueled by rising enterprise tech spending, a growing pool of …

Anthropic to open first India office in 2026 as demand for AI tools grows Read More »

(Corrects to add dropped word ‘million’ in paragraph 2) By Shariq Khan NEW YORK (Reuters) -U.S. oil production is expected to hit a larger record this year than previously expected, the Energy Information Administration said on Tuesday, even as the agency warned that a glut of oil will weigh on prices in the months ahead. …

EIA hikes US oil output forecast, says oversupply will slash prices Read More »

By Valerie Volcovici, David Shepardson and Nichola Groom WASHINGTON (Reuters) –  The U.S. government is considering cancelling billions of dollars in funding for clean energy programs, including awards for auto manufacturing and carbon capture, according to a list of targeted projects seen by Reuters. Projects on the list include two major direct air capture hubs …

Trump mulls cutting billions in funds from list of clean energy projects Read More »

By Stephen Culp NEW YORK (Reuters) -U.S. stocks closed lower on Tuesday as investors, deprived of economic data resulting from the shuttered government, looked to secondary indicators and remarks from U.S. Federal Reserve officials for clues regarding economic weakness and monetary policy. All three indexes ended in negative territory after a consumer expectations survey from …

Wall Street retreats from record closing highs as economic worries mount Read More »

(Reuters) -Toymaker Mattel is partnering with OpenAI to test the ChatGPT maker’s artificial-intelligence video model Sora 2, OpenAI CEO Sam Altman said at the company’s Developer Day conference on Monday. “Mattel has been a great partner working with us to test Sora 2 in the API (application programming interface) and see what they can do …

Mattel partners with OpenAI on Sora 2 AI video model Read More »

(Reuters) -Elon Musk’s AI startup xAI is raising more financing than initially planned, including an equity investment from Nvidia, to bring its ongoing funding round to $20 billion, Bloomberg News reported on Tuesday, citing people with knowledge of the matter. Nvidia is investing as much as $2 billion in the equity portion of the deal, …

Musk’s xAI nears $20 billion capital raise tied to Nvidia chips, Bloomberg News reports Read More »