By Maggie Fick and Bhanvi Satija SEATTLE (Reuters) -U.S. prices for obesity-treatment pills that Eli Lilly and Novo Nordisk aim to launch next year likely will be on par with their weight-loss injections, analysts and investors say, in a departure from the usual practice of charging more for new medicines despite pressure to cut prices. …
Wall Street sees new obesity pills as priced near Wegovy and Zepbound Read More »
HOUSTON (Reuters) -A U.S. judge on Monday authorized a court officer overseeing an auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum to receive and negotiate improved bids this week before confirming or changing the winner recommendation he made last month. A final winner recommendation in the complex court-organized auction is expected to …
US court reopens Citgo parent auction for bids, winner to be recommended this month Read More »
By Zaheer Kachwala (Reuters) -A Google Cloud survey showed that 87% of videogame developers are using artificial intelligence agents to streamline and automate tasks, as the industry focuses on optimizing costs following a wave of record layoffs. Most of the respondents in the report, published on Monday, said AI was helping automate cumbersome and repetitive …
Nearly 90% of videogame developers use AI agents, Google study shows Read More »
By Ateev Bhandari (Reuters) -Black Rock Coffee Bar’s revenue rose over 24% in the first half of 2025, the coffee chain disclosed on Monday in its U.S. initial public offering paperwork, aiming to list on the Nasdaq as the IPO markets continue to show strength. Reuters reported last month that Black Rock Coffee had filed …
Black Rock Coffee Bar discloses revenue jump in US IPO filing Read More »
BRASILIA (Reuters) -Brazil’s central bank is still assessing whether the benchmark interest rate at 15% is appropriate to bring inflation down to its 3% target, economic policy director Diogo Guillen said on Monday. Policymakers kept rates unchanged in late July at a near 20-year high after 450 basis points in hikes since last September. They …
Brazil central bank still assessing if 15% interest rate is appropriate, says official Read More »
By Christine Chen SYDNEY (Reuters) -A court ordered Australia’s largest airline, Qantas Airways, on Monday to pay a record fine of A$90 million ($58.64 million) for illegally sacking 1,800 ground staff during the COVID-19 pandemic and criticised it for a lack of contrition. In imposing the penalty, the largest ordered by a court on a …
Qantas to pay record fine of $58 million for pandemic sackings criticised by judge Read More »
By Scott Murdoch (Reuters) -National Australia Bank warned its full-year expenses would be up to A$130 million ($84.7 million) higher after it discovered it had underpaid some of its staff, as it reported a slight increase in third-quarter earnings. NAB, Australia’s top business lender, said a review of its payroll systems and remediation was ongoing …
Australia’s NAB sees $85 million cost increase to fix staff underpay issue Read More »
By Byron Kaye and Himanshi Akhand SYDNEY (Reuters) -Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country’s two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy …
Google agrees $36 million fine for anti-competitive deals with Australia telcos Read More »
By John Biju and Byron Kaye (Reuters) -Australian steel producer Bluescope said annual profit plummeted 90%, blaming a “maze” of tariffs imposed by U.S. President Donald Trump for lower demand and a hefty writedown on the value of its U.S. metal coatings unit. Shares in the company slid 5%, though Bluescope reiterated its position that …
Australia’s BlueScope logs profit plunge as tariff ‘maze’ hits demand, forces writedown Read More »
By Howard Schneider WASHINGTON (Reuters) -Fed Chair Jerome Powell used the central bank’s annual Wyoming research conference to promise inflation-fighting rigor when it was needed in 2022, then last year he came to the defense of the job market with promises of lower interest rates when the unemployment rate seemed on a steady rise. In …
