Reuters US Business

By Mariam Sunny and Christy Santhosh (Reuters) – Biogen beat first-quarter profit and revenue expectations on Thursday, as strong demand for its rare disease drugs helped offset declining sales of its multiple sclerosis medicines. The drugmaker has focused on deals, cost-cutting measures and newer drugs to address investor pressure for growth as demand falls for …

Biogen’s results beat estimates on strength in rare disease drugs Read More »

By Dan Catchpole and Aatreyee Dasgupta (Reuters) -Canadian business jet manufacturer Bombardier reported higher first-quarter revenue on Thursday, owing to increased aircraft deliveries and growth in aftermarket services, but the company’s gains fell slightly short of investor expectations. Its shares were down 5% in early trading.  Bombardier President and CEO Eric Martel said he sees …

Bombardier’s quarterly revenue rises 19% on delivery strength, higher services revenue Read More »

By Tatiana Bautzer and Niket Nishant (Reuters) -Citigroup has hired former U.S. Trade Representative Robert Lighthizer as a senior adviser on global trade, the bank said in a statement. “Given our global presence, having Ambassador Lighthizer’s insights into the dynamics facing global trade is very valuable to us and our clients,” a Citi spokesperson said. …

Citi hires former US Trade Representative Robert Lighthizer as trade adviser Read More »

By Prakhar Srivastava (Reuters) -Intercontinental Exchange beat Wall Street estimates for first-quarter profit on Thursday, benefiting from strong trading volumes in energy and options segments.   Shares of the New York Stock Exchange parent were up 1.2%.  Global commodity and energy markets have experienced significant volatility due to shifting U.S. trade policies and concerns over the …

NYSE-parent ICE beats first-quarter profit estimates on robust trading volume Read More »

By Zaheer Kachwala (Reuters) -Roblox raised its annual bookings forecast on Thursday and beat quarterly results estimates, a sign that spending on its vast library of user-generated videogames was holding up despite economic uncertainty driven by U.S. tariffs. Shares of the company rose more than 4%. The platform has aggressively tried to lure deep-pocketed older …

Roblox lifts bookings forecast as spending defies tariff uncertainty Read More »

By Mike Stone and David Shepardson WASHINGTON (Reuters) -The U.S. government has tapped defense contractor L3Harris Technologies to overhaul a Boeing 747 formerly used by the Qatari government for use as an interim Air Force One, a source told Reuters. President Donald Trump, frustrated by repeated delays on Boeing’s Air Force One, wants to have …

L3Harris working on interim Air Force One sought by Trump — source Read More »