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By David Shepardson (Reuters) -The National Highway Traffic Safety Administration said Wednesday it has certified Amazon.com’s self-driving unit Zoox vehicles for demonstration use and closed a probe into whether they had complied with federal requirements. The U.S. auto safety agency in 2022 began a probe into whether the self-driving vehicles lacking traditional driving controls had …

US issues exemption for self-driving Zoox vehicles, closes probe Read More »

By Max A. Cherney SAN FRANCISCO (Reuters) -U.S. Republican Senator Tom Cotton sent a letter to Intel’s board chair on Wednesday with questions about the chipmaker’s new CEO Lip-Bu Tan’s ties to Chinese firms and a recent criminal case involving his former company Cadence Design. Writing to “express concern about the security and integrity of …

Exclusive-US lawmaker questions Intel CEO’s ties to China in letter to company board chair Read More »

By Savyata Mishra (Reuters) -McDonald’s second-quarter global comparable sales beat Wall Street estimates on Wednesday, as affordable meal bundles and promotions drew in budget-conscious diners looking to stretch their dollars amid economic uncertainty. Its shares rose 2.3% in early trading as strong demand in the U.S. and international markets powered a 3.8% rise in global …

McDonald’s global sales top estimates as affordable meal options boost demand Read More »

By Manya Saini (Reuters) -Global insured losses from natural catastrophes reached $80 billion in the first half of 2025, preliminary estimates from Swiss Re Institute showed on Wednesday, driven by wildfires in California and severe thunderstorms in the United States. The estimate nearly doubles the 10-year average and underscores how the insurance industry has faced …

Global insured catastrophe losses hit $80 billion in first half of 2025, report shows Read More »

By Andrea Shalal and Howard Schneider WASHINGTON (Reuters) -U.S. President Donald Trump said on Tuesday he will decide on a nominee to fill a coming vacancy on the Federal Reserve’s Board of Governors by the end of the week, and had separately narrowed the possible replacements for Fed Chair Jerome Powell to a short list …

Trump set to fill Fed board vacancy by week’s end, has narrowed chair search to four Read More »

By Mariam Sunny (Reuters) -Novavax raised its full-year adjusted revenue forecast on Wednesday, betting on the strength of vaccine supply partnerships, including with Serum Institute of India and Japan’s Takeda, sending its shares surging 15%. The biotech has been shifting its focus to commercializing vaccine candidates through partnerships. It relies on revenue from its licensing …

Novavax banks on vaccine supply partnerships to boost 2025 revenue Read More »