By Caroline Valetkevitch NEW YORK (Reuters) -Wall Street started off September on a sharply lower note on Tuesday as investors weighed the future of President Donald Trump’s tariffs after a federal appeals court ruled most of his sweeping tariffs illegal. A divided U.S. appeals court made the ruling on Friday, but allowed for the levies to …
Wall Street ends lower as ruling on Trump tariffs raises concerns Read More »
(Reuters) -U.S. Treasury Secretary Scott Bessent will launch a series of interviews on Friday to select the next Federal Reserve chair, with the process extending into next week, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. Reuters could not immediately verify the report. (Reporting by Bipasha Dey in BengaluruEditing by …
U.S. Treasury Secretary to begin Fed chair interviews Friday, WSJ reports Read More »
By Jody Godoy (Reuters) – A ruling in the U.S. search antitrust case against Alphabet’s Google on Tuesday is a win for mobile phone manufacturers including Apple and Samsung, who a judge said Google can keep paying to be the default search engine on new devices. Google has said it will file an appeal in …
Factbox-What Apple, Samsung wanted from Google search case Read More »
By Jody Godoy (Reuters) -A U.S. lawsuit where Alphabet’s Google was ordered on Tuesday to share search data with competitors is just one of the major efforts by U.S. antitrust enforcers to challenge Big Tech companies over their dominance. Here are the statuses of the U.S. antitrust cases or probes against some of the world’s …
Factbox-How Big Tech is faring against US antitrust lawsuits Read More »
By Sneha S K and Puyaan Singh (Reuters) -Drug developers are increasing adoption of AI technologies for discovery and safety testing to get faster and cheaper results, in line with an FDA push to reduce animal testing in the near future. Within the next three to five years, using AI and cutting back on animal …
AI-driven drug discovery picks up as FDA pushes to reduce animal testing Read More »
By Kanishka Singh WASHINGTON (Reuters) -Walt Disney will pay $10 million to settle U.S. Federal Trade Commission allegations that the company unlawfully allowed personal data to be collected from children who viewed kid-directed videos on YouTube without notifying parents or obtaining their consent, the FTC said on Tuesday. Axios was the first to report the …
(Reuters) -Enbridge said on Tuesday it has reached a final investment decision to go ahead with Algonquin gas transmission (AGT) pipeline expansion to capitalize on the growing natural gas demand in the United States. Even as oil production starts to plateau, gas production in the U.S. is predicted to increase to meet increased electricity use …
Enbridge to go ahead with Algonquin gas transmission pipeline expansion project Read More »
By Johann M Cherian and Shashwat Chauhan (Reuters) -U.S. investors returning from Labor Day break on Tuesday were hit with fresh uncertainty in trade policy after a federal appeals court ruled most of President Donald Trump’s sweeping tariffs illegal, setting up a potential showdown at the Supreme Court. Wall Street’s main indexes fell about 1% …
US court ruling on Trump’s tariffs fuels market uncertainty Read More »
By Rajesh Kumar Singh CHICAGO (Reuters) -Abu Dhabi’s Etihad Airways CEO Antonoaldo Neves said on Tuesday the Gulf airline has no timeline for going public as it enjoys enough resources to “self-fund” its $20 billion growth plans for the next decade. In an interview, Neves said while the carrier is ready for an initial public …
Exclusive-Etihad Airways CEO sees no rush for IPO with ample self-funding Read More »
By Juveria Tabassum and Abigail Summerville (Reuters) -Elliott Management on Tuesday disclosed a $4 billion stake in PepsiCo and urged the beverage maker to revive its soda business, boost its share price and become more competitive. PepsiCo’s stock performance has lagged that of its biggest rival, Coca-Cola, over the past five years, as the Quaker …
Elliott calls for turnaround at PepsiCo after building $4 billion stake Read More »
