Reuters US Business

By Manya Saini (Reuters) -PayPal on Tuesday posted softness in quarterly branded volume growth, while broader concerns that sweeping tariffs could dent e-commerce spending later this year overshadowed its profit forecast hike and market-beating results. The digital payments company’s shares were down 8% in early trading. U.S. consumers are starting to tighten their purse strings, …

PayPal lifts 2025 profit target; branded volume softness weighs on shares Read More »

COPENHAGEN (Reuters) -Obesity drugmaker Novo Nordisk on Tuesday cut its full-year sales and operating profit forecasts for the second time this year, sending its shares down as much as 17%. The maker of weight-loss drug Wegovy is struggling to convince investors it can remain competitive in the obesity drug boom against U.S. rival Eli Lilly. …

Obesity drugmaker Novo Nordisk plunges as it cuts forecasts again Read More »

By Jonathan Stempel (Reuters) -Amazon.com urged a federal judge to dismiss a proposed class action over its alleged sale of rice tainted by arsenic and other “heavy metals,” denying the accusation it fraudulently concealed contamination. In a filing late on Friday in Seattle federal court, Amazon said the presence of heavy metals in rice was …

Amazon.com seeks to end lawsuit claiming rice contaminated by heavy metals Read More »

(Reuters) -Drugmaker Bristol Myers Squibb and private equity firm Bain Capital will launch an independent company focused on developing immunology drugs, backed by Bain’s $300 million financing round, the companies said on Monday. The new company will work on five experimental drugs licensed from Bristol Myers, including a late-stage lupus treatment and a mid-stage psoriasis …

Bristol Myers, Bain Capital form new company to develop immunology drugs Read More »

WASHINGTON (Reuters) -President Donald Trump will make his trade deal decisions this week even as separate negotiations with China and the European Union continue, U.S. Commerce chief Howard Lutnick said on Tuesday ahead of Trump’s self-imposed Aug. 1 deadline. U.S. and EU officials were still discussing steel and aluminum tariffs as well as digital services …

Trump eyes Aug 1 trade deals as EU, China talks continue, US Commerce chief says Read More »

By Aishwarya Jain (Reuters) -JetBlue and United Airlines have cleared the U.S. Department of Transportation’s review of their planned partnership which allows them to proceed with the implementation, the companies said on Tuesday.  JetBlue had been seeking partnerships after a federal judge blocked its alliance with American Airlines in 2023. In May, JetBlue and United …

JetBlue, United partnership gets go-ahead from U.S. Transportation Department Read More »