By Sriparna Roy and Sneha S K (Reuters) -Linda Yaccarino is taking the top job at eMed Population Health, a telehealth startup focused on GLP-1 weight loss drugs, nearly a month after stepping down as CEO of social media platform X. Yaccarino, an advertising industry veteran, exited Elon Musk’s X after two turbulent years during …
Former X CEO Yaccarino takes helm at GLP-1 focused telehealth firm eMed Read More »
By Karl Plume and Katha Kalia (Reuters) -Archer-Daniels-Midland posted its lowest second-quarter profit in five years on Tuesday as U.S. trade upheaval and uncertainty around biofuel policies slowed sales and crimped trading and crop processing margins. The company warned that full-year 2025 adjusted earnings would drop to around $4.00 per share, the lowest since 2020, …
ADM Q2 profit falls to 5-year low amid trade turmoil Read More »
By Arasu Kannagi Basil and Ateev Bhandari (Reuters) -Modular building startup Boxabl will go public in the U.S. through a $3.5 billion merger with special purpose acquisition company FG Merger II, the companies said on Tuesday. Modular housing is widely recognized for its potential to deliver affordable, timely, and scalable housing solutions in both emergency …
Modular building startup Boxabl to list on Nasdaq in $3.5 billion SPAC deal Read More »
By Katha Kalia (Reuters) -The U.S. Department of Defense said on Tuesday it has awarded up to $10 million to Elk Creek Resources, a unit of NioCorp Developments, to increase domestic supply of scandium as it looks to reduce reliance on China for critical minerals. The funding will help improve design and processes at NioCorp’s …
US awards NioCorp unit up to $10 million for scandium project in Nebraska Read More »
By Shivansh Tiwary and Doyinsola Oladipo (Reuters) -Frontier Group, parent of discount carrier Frontier Airlines, forecast a bigger-than-expected loss for the third quarter on Tuesday, as soft domestic travel demand weighs on fares, causing its shares to slump 13% in afternoon trading. Several major U.S. carriers, including Frontier, scrapped their financial forecasts in April, citing …
Frontier Group forecasts bigger-than-expected Q3 loss on soft domestic demand Read More »
By Matt Tracy (Reuters) -Top-rated U.S. companies have financed their acquisitions mostly with equity and cash instead of debt this year, and could continue doing so even as M&A activity and hopes of interest rate cuts rise, bankers and investors said. High debt costs and worries of credit-rating downgrades for taking on debt made funding …
High-grade US firms finance new M&A with more equity and cash, less debt Read More »
By Arunima Kumar (Reuters) -Shale driller Diamondback Energy said on Tuesday it should remain the Permian Basin’s “consolidator of choice” as shale activity slows and the company focuses on shareholder returns following its $26 billion merger with Endeavor Energy. “We should naturally be the consolidator of choice as we execute a lower-cost and better overall …
Diamondback says it should be Permian’s ‘consolidator of choice’ as oil outlook dims Read More »
By Sarupya Ganguly BENGALURU (Reuters) -The U.S. dollar will weaken steadily over the coming months on mounting concerns over the Federal Reserve’s independence, the credibility of official statistics, ballooning fiscal debt and rising bets on interest rate cuts, a Reuters survey of foreign exchange analysts showed on Tuesday. Underscoring those concerns, President Donald Trump’s dismissal …
Trump’s attacks on Fed, data integrity weigh on US dollar forecasts: Reuters poll Read More »
By Apratim Sarkar and Abhinav Parmar -U.S. truck engine maker Cummins Inc on Tuesday reported second-quarter revenue above Wall Street estimates, driven by strong demand for its power generation systems, despite uncertainties surrounding the impact of tariffs. Shares of the company were up about 3% in afternoon trading. The company’s power generation products, such as …
Cummins beats quarterly revenue estimates on generator demand; tariff concerns linger Read More »
By Jonathan Stempel (Reuters) -Elon Musk and Tesla were sued by shareholders who accused them of securities fraud for concealing the significant risk that the company’s self-driving vehicles, including the Robotaxi, were dangerous. The proposed class action was filed on Monday night, following Tesla’s first public test of its robotaxis in late June in the …
Tesla, Elon Musk sued by shareholders over Robotaxi claims Read More »
