Reuters US Business

By Kenrick Cai and Krystal Hu SAN FRANCISCO (Reuters) -OpenAI plans to add Alphabet’s Google cloud service to meet its growing needs for computing capacity, three sources told Reuters, marking a surprising collaboration between two prominent competitors in the artificial intelligence sector. The deal, which has been under discussion for a few months, was finalized …

Exclusive-OpenAI taps Google in unprecedented cloud deal despite AI rivalry, sources say Read More »

By Sneha S K (Reuters) -The U.S. Food and Drug Administration has paused Gilead Sciences’ trials testing a combination of two of its experimental HIV treatments due to low levels of a type of white blood cell in some patients, the company said on Tuesday. Shares of the company, a global leader in HIV drugs, …

US FDA pauses Gilead trials testing experimental HIV pill combination Read More »

By Sriparna Roy and Bhanvi Satija (Reuters) -Shares of global vaccine makers were mixed on Tuesday, as investors assessed U.S. Health Secretary Robert F. Kennedy Jr.’s surprising decision to fire all 17 members of a key expert panel late on Monday. Shares of U.S. vaccine maker Moderna fell 2%, while Novavax was down marginally. Merck …

Vaccine stocks muted as investors assess Kennedy’s overhaul of key panel Read More »

By Arasu Kannagi Basil (Reuters) -Insurance broker Brown & Brown will buy rival Accession Risk Management in a $9.83 billion cash-and-stock deal, the companies said on Tuesday, adding to a string of mega-mergers in recent years as industry players look to consolidate. While small buyouts are typical in the highly fragmented industry, the deal highlights …

Brown & Brown signs nearly $10 billion deal for rival broker Accession Read More »

By Indradip Ghosh BENGALURU (Reuters) -The U.S. Federal Reserve will keep interest rates on hold for at least another couple of months, according to most economists polled by Reuters, as risks linger that inflation may resurge due to President Donald Trump’s tariff policies.  With most trade negotiations incomplete as the July 9 deadline for a …

Fed to keep rates on hold at least until September as inflation risks linger: Reuters poll Read More »

By Jonathan Stempel NEW YORK (Reuters) -Tom Bodett, known for his radio and TV ads telling travelers that at Motel 6 “we’ll leave the light on for you,” has sued the motel chain for using his name and voice without permission, after their nearly four-decade relationship broke down. In a complaint filed on Monday night …

Longtime Motel 6 spokesman Tom Bodett sues chain over using his name, voice Read More »

By Gabriel Araujo SAO PAULO (Reuters) -Brazil’s inflation rate slowed more than expected in May, but the 12-month gauge remained above the central bank’s target, raising questions about what stance policymakers will take at their interest rate-setting meeting next week. Consumer prices in Latin America’s largest economy rose 0.26% last month and 5.32% in the …

Brazil’s inflation undershoots forecasts as investors look ahead to central bank decision Read More »