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Lilly to buy gene-editing partner Verve for up to $1.3 billion in cardiac care push

17 Jun 2025

By Christy Santhosh and Sriparna Roy (Reuters) -Eli Lilly will acquire gene-editing startup Verve Therapeutics for up to $1.3 billion, the companies said on Tuesday, accelerating a push into experimental cardiovascular therapies. The companies were partnering to develop one-time, gene-editing therapies to reduce high cholesterol in people with heart disease, as part of Lilly’s efforts …

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US homebuilder sentiment skids to 2-1/2-year low, NAHB says

17 Jun 2025

(Reuters) -A gauge of U.S. homebuilder sentiment slid unexpectedly to its lowest level in two and a half years in June, with more than a third of residential construction firms cutting prices to lure buyers sidelined by high mortgage rates and economic uncertainty due to President Donald Trump’s tariffs. The National Association of Home Builders/Wells …

US homebuilder sentiment skids to 2-1/2-year low, NAHB says Read More »

Oracle cloud to add xAI’s Grok 3 model to lineup for corporate customers

17 Jun 2025

By Stephen Nellis SAN FRANCISCO (Reuters) -Oracle said on Tuesday that its cloud computing division is working with Elon Musk’s artificial intelligence firm xAI to offer the startup’s latest AI model to business customers. Grok 3, as the model is called, first came out February and aimed to rival the latest offerings from DeepSeek and …

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Citi sees gold below $3,000 after Q3 2025 on weak demand, growth optimism

17 Jun 2025

(Reuters) -Citi lowered its short-term and long-term price targets for gold, projecting prices could drop below $3,000 per ounce by late 2025 or early 2026, driven by declining investment demand and an improving global growth outlook, the bank said in a note dated Monday. The bank revised its 0-3 month and 6-12 month gold price …

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S.Korea trade chief expects talks with US to gather momentum in coming weeks

17 Jun 2025

By Jihoon Lee and Hyunjoo Jin SEOUL (Reuters) -South Korea will step up efforts to secure a trade deal in negotiations with the United States in the next few weeks, Seoul’s top negotiator said on Tuesday, after political turmoil at home had dampened its progress in tariff talks. His comments came after South Korea’s new …

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‘Deep pockets’ could help Abu Dhabi win regulatory approval for Santos bid, analysts say

17 Jun 2025

By Scott Murdoch and Christine Chen SYDNEY (Reuters) -Abu Dhabi National Oil Company, preparing an $18.7 billion bid for Santos, is likely to face close scrutiny from Australian regulators worried about local gas supply, but could win them over with pledges to speed up new projects, analysts say. Santos shares closed at A$7.73 on Tuesday, …

‘Deep pockets’ could help Abu Dhabi win regulatory approval for Santos bid, analysts say Read More »

Investors react to BOJ decision to stand pat on interest rates

17 Jun 2025

(Reuters) -The Bank of Japan kept its interest rates steady on Tuesday and said it would slow the pace of reduction in its bond purchases next year, signalling a cautious approach to unwinding its decade-long monetary stimulus. As widely expected, the central bank maintained short-term interest rates at 0.5% by a unanimous vote at the …

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G7 leaders agree on strategy to protect critical mineral supply, draft document says

17 Jun 2025

KANANASKIS, Alberta (Reuters) – Group of Seven leaders on Monday provisionally agreed on a strategy to help protect the supply of critical minerals and bolster their economies, according to a draft statement seen by Reuters. The draft, which a source said had not yet been approved by U.S. President Donald Trump, also said minerals markets …

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Chinese automakers build significant leads in zero-emission vehicle market, research finds

17 Jun 2025

By Amir Orusov (Reuters) -Chinese automakers are rapidly pulling ahead in the global zero-emission vehicle (ZEV) market, according to research firm International Council on Clean Transportation (ICCT). WHY IT’S IMPORTANT The global EV market is currently experiencing intense competition among its key players. China has a crucial role in the global EV transition, as it …

Chinese automakers build significant leads in zero-emission vehicle market, research finds Read More »

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