Reuters US Business

By Kamal Choudhury (Reuters) -Novavax shares jumped more than 15% on Monday after the company secured a long-awaited U.S. regulatory approval for its COVID-19 vaccine, albeit with new conditions, which helped allay some investor concerns over the future of the shot. The U.S. Food and Drug Administration approved the vaccine, Nuvaxovid, but limited its use …

Novavax shares jump after long-awaited FDA approval of its COVID-19 vaccine Read More »

(Reuters) -Chipmaker Qorvo said on Monday it will nominate activist investor Starboard Value’s managing member Peter Feld to its board, ending a boardroom battle as the Apple supplier’s stock shows signs of recovery. Stiff competition and a shift in demand towards entry-tier smartphones pushed Qorvo shares down about 38% last year. However, the possibility of …

Qorvo nominates Starboard’s Peter Feld to board, ends boardroom battle Read More »

By Jonathan Saul LONDON (Reuters) -A joint venture project developing the first marine fuel facility for liquefied natural gas in the U.S. Gulf Coast has secured final permits and construction is expected to begin later this year, executives involved said on Monday. The global shipping industry has been looking for fuel solutions to cut carbon …

First LNG ship bunkering hub in US Gulf Coast secures permits to start work Read More »

(Reuters) -AMD will sell the server-manufacturing business of recently acquired ZT Systems to Sanmina in a $3 billion deal, making the U.S.-based contract manufacturer its partner for building AI hardware as the chip designer works to onshore supply chains. The deal, announced on Monday, highlights AMD’s efforts to produce more of its chips on American …

AMD to sell ZT Systems’ server-manufacturing business to Sanmina in $3 billion deal Read More »

By Che Pan and Brenda Goh BEIJING (Reuters) -Huawei launched two new laptop models on Monday, the first sold with its own Harmony operating system, in a bid to take on well-established Western Big Tech rivals even as the United States seeks to limit its access to crucial chips. Despite its emergence as the world’s …

Huawei launches first laptops using home-grown Harmony operating system Read More »

TOKYO (Reuters) -Toyota Industries Corp plans to accept a tender offer by Toyota Motor Corp, the automaker’s Chairman Akio Toyoda and others, and is making arrangements to announce its intention as early as May, Kyodo news agency reported on Monday. Both Toyota Motor and auto parts supplier Toyota Industries declined to comment on the report, …

Toyota Industries to accept Toyota group offer, Kyodo says Read More »

By Nupur Anand NEW YORK (Reuters) -JPMorgan Chase investors will be keen to learn how the largest U.S. lender and the world’s biggest economy are likely to be impacted by U.S. tariffs on its trading partners at the bank’s investor day on Monday as economic uncertainty remains. Financial markets have been volatile in the initial …

JPMorgan investors look for clarity on tariff impact, succession plan Read More »