Reuters US Business

By Jaspreet Singh (Reuters) -Palo Alto Networks forecast fiscal 2026 revenue and profit above analysts’ estimates on Monday, betting on growing demand for its artificial intelligence-powered cybersecurity solutions, sending its shares up 5% in extended trading. The company has been benefiting from an AI-driven upgrade cycle as enterprises accelerate their cloud adoption and modernize security …

Palo Alto’s forecasts signal AI boost for cybersecurity tools, shares rise Read More »

RIO DE JANEIRO (Reuters) -Brazil’s Petrobras is leaning toward corn as the raw material for a renewed foray into ethanol, potentially sidelining sugarcane and beleaguered sugar producer Raizen, three Petrobras sources familiar with the matter said, citing preliminary evaluations. Energy company Petrobras, majority-owned by Brazil’s government, has previously said its potential return to ethanol would …

Petrobras favors corn over cane for ethanol, may exclude Raizen, sources say Read More »

(Reuters) -The Trump administration is in talks to take a 10% stake in Intel by converting some or all of the struggling company’s Chips Act grants into equity, Bloomberg News reported, citing a White House official and other people familiar with the matter. Shares of Intel closed about 3.7% lower on Monday, after rallying last …

Trump administration in talks to take 10% stake in Intel, Bloomberg News reports Read More »

(Reuters) -Shares of U.S. solar energy companies rose on Monday after the Trump administration released new subsidy rules for clean energy projects that were not as stringent as many investors had feared. Late on Friday, the Treasury Department narrowed the definition for what it means for a solar or wind project to be considered under …

Clean energy investors relieved by Trump tax rule changes Read More »

By Jody Godoy (Reuters) -The U.S. Federal Trade Commission sued ticket reseller Key Investment Group for evading purchasing limits to buy up thousands of tickets to live events including Taylor Swift’s Eras tour and resell them at a markup, according to a complaint filed in Maryland federal court on Monday. The Baltimore, Maryland-based company, which …

US FTC sues ticket reseller for evading Taylor Swift’s Eras tour ticket limits Read More »

By Jonathan Stempel (Reuters) -CVS Health is not entitled to coverage from insurers, including AIG and Chubb, against thousands of lawsuits over its role in the nation’s opioid crisis, Delaware’s highest court ruled on Monday. The Delaware Supreme Court concluded that governments, hospitals, doctors and benefit plans that sued CVS sought damages for economic losses, …

CVS insurance policies don’t provide opioid coverage, top Delaware court rules Read More »