Reuters US Business

By Dietrich Knauth NEW YORK (Reuters) -Genetic testing company 23andMe agreed on Tuesday to allow a court-appointed overseer to take charge of ensuring customers’ genetic data remains protected during the company’s bankruptcy, settling a dispute with several U.S. states. Those states had argued the company was not taking data security seriously enough. U.S. Bankruptcy Judge …

23andMe will have court-appointed overseer for genetic data in bankruptcy Read More »

(This April 29 story has been corrected to say that the Siren System store revamp program was launched by Howard Schultz, not Laxman Narasimhan, in paragraph 4) By Juveria Tabassum (Reuters) – Starbucks faces challenges in reviving its business, CEO Brian Niccol said on Tuesday, after the coffee giant posted disappointing global comparable sales and …

Starbucks earnings disappoint as CEO Niccol’s strategy faces US hurdles Read More »

By Wen-Yee Lee and Ben Blanchard TAIPEI (Reuters) -Taiwan’s ASE Technology Holding Co. has yet to decide how it will support a plan by Nvidia to build artificial intelligence servers worth as much as $500 billion in the U.S. over the next four years, it said on Wednesday. The company, the world’s largest chip packaging …

Taiwan’s ASE: evaluating how it will support Nvidia’s $500 billion US plan Read More »

SAO PAULO (Reuters) -Lender Santander Brasil on Wednesday reported a 27.8% year-on-year rise in its first-quarter net profit, landing slightly ahead of market expectations despite what it called a more challenging global macroeconomic scenario. Santander Brasil’s bottom line for the period came in at 3.86 billion reais ($686.83 million), it said in a securities filing, …

Santander Brasil’s net profit up in Q1 despite ‘challenging’ macro scenario Read More »

By Kanishka Singh WASHINGTON (Reuters) -U.S. President Donald Trump said on Tuesday there were referrals for fraud made to the Justice Department based on the findings of the Department of Government Efficiency, the cost-cutting agency that Trump ally and billionaire Elon Musk spearheaded. KEY QUOTE “Of course there have been,” Trump said in an interview …

Trump says DOGE work led to fraud referrals to Justice Department Read More »

By Pushkala Aripaka and Maggie Fick (Reuters) – GSK on Wednesday said it was “well positioned” to absorb potential U.S. pharmaceutical tariffs, citing AI-driven cost cuts and dual sourcing for its medicines, but offered few details. The British drugmaker reported stronger-than-expected first-quarter results and reaffirmed its 2025 outlook, sending its shares up 3.8% by 0900 GMT. …

GSK ‘well positioned’ for potential tariffs after beating forecasts Read More »