(Reuters) -Pfizer said on Monday it would acquire weight-loss drug developer Metsera for up to $4.9 billion to secure its position in the lucrative obesity treatment market. (Reporting by Mariam Sunny in Bengaluru; Editing by Shilpi Majumdar)
LONDON (Reuters) -The U.S. Defense Logistics Agency is seeking to buy scandium oxide worth up to $40 million over the next five years from a unit of mining giant Rio Tinto to secure supplies of the critical material for addition to the national stockpile. Scandium is one of the rare earth elements, whose importance to …
US agency wants to buy scandium oxide from Rio Tinto for defence stockpile Read More »
(Reuters) -U.S. President Donald Trump is expected to approve a deal for TikTok through an executive order, declaring that it satisfies the requirements of law later this week, the Wall Street Journal reported on Monday, citing a senior White House official. This would cap months of U.S.- China deliberations that underscored wider trade talks and …
Trump expected to approve TikTok deal via executive order later this week, WSJ reports Read More »
By Anna Szymanski What matters in U.S. and global markets today By Anna Szymanski While investors last week welcomed the Federal Reserve’s first rate cut of 2025 and signals of further easing, sentiment is more cautious today, with U.S. stock futures easing slightly before the bell. President Donald Trump said on Friday that U.S. companies …
By Chris Kirkham (Reuters) -Tesla CEO Elon Musk tantalized investors in July with a robotaxi update: After a small-scale test in Austin, Texas, Tesla would rapidly expand driverless cabs to markets including the San Francisco Bay Area, where it was “getting the regulatory permission to launch.” Musk posted on X earlier that month that Tesla …
Musk’s robotaxi plans for San Francisco alarmed, confused regulators, emails show Read More »
By Howard Schneider WASHINGTON (Reuters) -U.S. Federal Reserve officials this week are set to accelerate the debate over whether to cut interest rates again in just over five weeks with at least a dozen policymakers speaking, including Chair Jerome Powell and new Governor Stephen Miran continuing a heavy public schedule just days into his new …
Powell, Miran among slew of Fed officials speaking this week as policy shifts Read More »
By Daren Butler ISTANBUL (Reuters) -Turkey said on Monday it had terminated retaliatory tariffs imposed in 2018 on U.S. imports ranging from passenger cars to fruit, in a sign of warming bilateral ties as President Tayyip Erdogan travels to the United States. Erdogan is due to attend the United Nations General Assembly in New York …
Turkey ends some tariffs on US imports ahead of Erdogan-Trump meeting Read More »
By Alessandro Parodi (Reuters) -At least a third of surveyed companies have paused or delayed stainless steel orders because of U.S. import tariffs of up to 50%, while more than half are reassessing their sourcing strategy, Finnish steelmaker Outokumpu said on Monday. Outokumpu President and CEO Kati ter Horst told Reuters the slowing global demand …
(Reuters) -China’s Chery Automobile is planning to price its shares at HK$30.75 ($3.96) each to raise $1.2 billion in a Hong Kong initial public offering, two sources with direct knowledge of the matter said on Monday. The company last week sold 297.4 million shares in a price range of HK$27.75 to HK$30.75 each, according to …
China’s Chery Automobile to price shares at top of range in Hong Kong IPO, sources say Read More »
By Federico Maccioni DUBAI (Reuters) -Abu Dhabi’s Technology Innovation Institute and Nvidia have launched a joint research lab in the United Arab Emirates that will focus on developing next-generation AI models and robotics platforms, TII said on Monday. The joint research hub is the first Nvidia AI Technology Center in the Middle East, TII said …
Nvidia and Abu Dhabi institute launch joint AI and robotics lab in the UAE Read More »
