Reuters US Business

By Daniel Wiessner (Reuters) – A federal judge in California on Friday temporarily blocked the U.S. State Department from implementing an agency-wide reorganization plan that includes nearly 2,000 layoffs. U.S. District Judge Susan Illston in San Francisco said during a virtual hearing that her May ruling barring federal agencies from laying off tens of thousands …

US judge blocks State Department’s planned overhaul, mass layoffs Read More »

By Siddhi Mahatole and Mariam Sunny (Reuters) -Anne Wojcicki is set to regain control of 23andMe after a $305 million bid from a nonprofit she controls topped Regeneron Pharmaceuticals’ offer for the DNA-testing company in a bankruptcy auction. Last month, Regeneron agreed to buy the firm for $256 million, topping a $146 million bid from …

23andMe’s founder Anne Wojcicki wins bid for bankrupt DNA testing firm Read More »

(Reuters) -The U.S. Justice Department antitrust enforcers are reviewing whether Google’s planned acquisition of cybersecurity company Wiz would illegally limit competition in the marketplace, Bloomberg News reported on Friday, citing people familiar with the matter. The deal, valued at about $32 billion, would be Alphabet’s largest acquisition. It will integrate Wiz into Google’s cloud unit, …

Google’s $32 billion deal for Wiz gets antitrust review, Bloomberg News reports Read More »

By Siddhi Mahatole (Reuters) -Amazon said on Friday its healthcare business will be divided into six new units as part of a restructuring effort, in a move that comes after recent top health executive departures. The company’s chief medical officer, Sunita Mishra, stepped down last month, while Aaron Martin, who has been the vice president …

Amazon’s healthcare business to be divided into six units after losing top health executives Read More »

By Doyinsola Oladipo NEW YORK (Reuters) -A U.S. crackdown on foreign-born workers could spell trouble for the hotel and hospitality industry, which has lobbied for years to expand the pathways for immigration to the United States to help fill over 1 million job vacancies. U.S. President Donald Trump said on Thursday he would issue an …

How crucial is immigration for the US hotel industry? Read More »

By Twesha Dikshit (Reuters) -Adobe’s shares dropped 7% in early trading on Friday as investors’ concern that the company’s AI adoption into its software tools could take longer to fetch returns, overshadowed a raised annual revenue forecast. “(We see) increasing concerns surrounding competitive pressures and a longer time horizon to reach notable AI monetization,” said …

Adobe shares slide as investors skeptical of quicker AI-adoption returns Read More »