Reuters US Business

(Reuters) -Sherwin-Williams on Tuesday beat Wall Street estimates for first-quarter profit, helped by higher prices for its industrial paints, sending the company’s shares up 5%. Sales of U.S. single-family homes increased more than expected in March as buyers rushed to take advantage of a decline in mortgage rates, boosting demand for products such as paints …

Paintmaker Sherwin-Williams reports first-quarter beat boosted by higher prices Read More »

(Reuters) -Universal Music Group beat first-quarter sales expectations on Tuesday, saying more people went to concerts, bought vinyl records and subscribed to its digital services. The world’s biggest music label, whose artists include Taylor Swift, BTS and Drake, said revenues grew 11.8% from the year-ago quarter to 2.90 billion euros ($3.31 billion) in the period …

Universal Music first-quarter revenue grows with concerts, vinyl sales Read More »

By Mariam Sunny (Reuters) -Regeneron’s first-quarter results missed Wall Street estimates on Tuesday due to stiff competition for its blockbuster drug Eylea, further stoking investor worries as U.S. regulators denied approval for a more convenient version of the eye therapy. Shares of Regeneron were down nearly 8%. Regeneron has been looking to switch patients to …

Regeneron’s first-quarter results miss on lower Eylea demand Read More »

(Reuters) -U.S. drugmaker Merck said on Tuesday it is investing $1 billion in a new Delaware plant to expand domestic production as it prepares to deal with President Donald Trump’s tariffs. The new facility will produce biologic drugs and Keytruda, becoming Merck’s first in-house U.S. site to make the blockbuster cancer treatment, the company said. …

Merck to invest $1 billion in new Delaware plant to boost US manufacturing Read More »

By Utkarsh Shetti (Reuters) -Honeywell on Tuesday raised its 2025 profit forecast despite flagging a $500 million exposure to tariffs, saying it aims to cushion the impact through a mix of higher pricing and local sourcing. Shares rose 6% as the industrial and aerospace giant surpassed first-quarter expectations for revenue and profit and said its …

Honeywell lifts 2025 profit forecast despite $500 million tariff hit Read More »

By David Shepardson WASHINGTON (Reuters) -GM is recalling 721,000 SUVs and trucks worldwide due to engine issues that could lead to a loss of power and boost the risk of a crash, the company announced on Tuesday. The Detroit automaker is recalling 2021 through 2024 model-year Cadillac Escalade and Escalade ESV, Chevrolet Silverado 1500, Suburban, …

GM recalling 721,000 vehicles over engine issue Read More »

By John Kruzel WASHINGTON (Reuters) -When the U.S. Supreme Court rules on President Donald Trump’s effort to remove two federal labor board members, Federal Reserve Chair Jerome Powell will be watching for clues about his own job security. The court fight over Trump’s firings of two Democratic labor board members despite legal protections for these …

US Supreme Court fight may shape Trump’s ability to fire Fed chair Read More »