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Analysis-Trump’s vision for a twin-engine F-55 fighter jet faces reality check

By Mike Stone WASHINGTON (Reuters) -U.S. President Donald Trump’s vision of a new, twin-engine version of Lockheed Martin’s F-35 fighter jet may need to be scaled back due to cost and engineering realities, according to two people familiar with the matter. Speaking in Doha last month, Trump said the new “F-55” would feature “two engines …

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Merck’s potential blockbuster cholesterol pill succeeds in late-stage studies

(Reuters) -Merck’s oral cholesterol pill succeeded in two late-stage studies, marking a win for the drugmaker as it focuses on the development of growth drivers beyond its cancer drugs and vaccines. The company is searching for its next blockbuster candidate as its major revenue driver, Keytruda, is expected to lose patent protection by the end …

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US seeking ‘handshake’ on rare earths from China, White House aide says

WASHINGTON (Reuters) -The three top U.S. trade negotiators are seeking a handshake with China in London talks to seal the agreement on rare earths reached by Presidents Donald Trump and Xi Jinping, White House economic adviser Kevin Hassett said on Monday. “The purpose of the meeting today is to make sure that they’re serious, but …

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Getty argues its landmark UK copyright case does not threaten AI

By Sam Tobin LONDON (Reuters) -Getty Images’ landmark copyright lawsuit against artificial intelligence company Stability AI began at London’s High Court on Monday, with Getty rejecting Stability AI’s contention the case posed a threat to the generative AI industry. Seattle-based Getty, which produces editorial content and creative stock images and video, accuses Stability AI of …

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Argentina set for M&A boom under Milei, with energy in focus, PwC says

By Eliana Raszewski and Peter Henderson BUENOS AIRES (Reuters) -Argentina’s mergers and acquisitions market could grow significantly in the coming years if President Javier Milei’s economic reforms continue, Juan Tripier, director of M&A and corporate finance at PricewaterhouseCoopers (PwC) Argentina, told Reuters. Investors have shown renewed interest in Argentina following Milei’s measures, which include sharp …

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Morning Bid: London showdown

By Mike Dolan LONDON (Reuters) – What matters in U.S. and global markets today I’m excited to announce that I’m now part of Reuters Open Interest (ROI), an essential new source for data-driven, expert commentary on market and economic trends. You can find ROI on the Reuters website, and you can follow us on LinkedIn and X.  Soothed …

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Exclusive-Chevron CEO warned staff of rising safety issues before fatal Angola platform fire

By Sheila Dang HOUSTON (Reuters) -Chevron CEO Mike Wirth told employees they needed to reinforce safety standards after a growing number of injury near-misses in an internal video message on April 29, just weeks before three workers died due to a fire on one of the company’s oil platforms in Angola. “We’ve seen a concerning increase …

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Analysis-Wall Street, Main Street push for foreign tax rethink in US budget bill

By Carolina Mandl and Bo Erickson NEW YORK/WASHINGTON (Reuters) -Industry groups representing sectors including real estate, finance and multinational companies are pushing for the reduction or exclusion of a retaliatory tax targeting foreign investors in the U.S. in the Republican tax bill, as they see it as a threat to their businesses and to the …

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