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(Reuters) – Analysts at Cantor Fitzgerald, formerly headed by the Trump administration’s Secretary of Commerce Howard Lutnick, called for the dismissal of Secretary of Health and Human Services Robert F. Kennedy Jr. Kennedy, a well-known vaccine skeptic, last week announced plans to reshape the federal public health agencies, a move that could involve firing thousands …

Analysts at Cantor, formerly headed by Lutnick, call for Kennedy’s dismissal Read More »

By Heekyong Yang and Hyunjoo Jin SEOUL (Reuters) -Samsung Electronics appointed its mobile chief Roh Tae-moon as acting head of its consumer and smartphone business on Tuesday, following the death of his predecessor, Han Jong-Hee, a week ago. Han had also served as the company’s co-CEO. His death left newly appointed boss Jun Young-hyun solely …

Samsung Elec appoints mobile chief as interim head of consumer and smartphone division Read More »

By Dietrich Knauth NEW YORK (Reuters) -A U.S. bankruptcy judge on Monday rejected Johnson & Johnson’s $10 billion proposal to end tens of thousands of lawsuits alleging that its baby powder and other talc products cause ovarian cancer, marking the third time the company’s bankruptcy strategy has failed in court. J&J has been attempting to …

US judge rejects J&J’s $10 billion baby powder settlement Read More »

SYDNEY (Reuters) -Australian retail sales rose modestly for a second straight month in February as a long-awaited cut in interest rates combined with slower inflation to boost consumer sentiment and spending power. However, the recovery in consumer spending is still tepid, suggesting consumers remain cautious and would not be a bar to more policy easing. …

Australia retail sales edge higher as shoppers stay cautious Read More »

By Stephen Nellis SAN FRANCISCO (Reuters) – Lightmatter, a startup valued at $4.4 billion, on Monday released two pieces of technology aimed at speeding up the connections between artificial intelligence chips. Instead of moving information between computer chips as electrical signals, Lightmatter’s technology uses optical connections and what are known as silicon photonics to move …

Lightmatter releases new photonics technology for AI chips  Read More »

By Nelson Bocanegra and Carlos Vargas BOGOTA (Reuters) -Colombia’s central bank held the benchmark interest rate at 9.5% on Monday, surprising the market, which expected policymakers to resume cuts to borrowing costs despite inflation pressures and a difficult fiscal situation. The decision was backed by four of the seven members of the board. Three board …

Colombia central bank board holds rate at 9.5% on inflation, external concerns Read More »

By David French (Reuters) -The S&P 500 and the Nasdaq Composite posted on Monday their worst quarterly performances since 2022, as uncertainty around the Trump administration’s economic agenda roiled U.S. equity markets in the first quarter of 2025. The two benchmarks also suffered heavily in March, recording their biggest monthly percentage drops since December 2022, …

S&P, Nasdaq post big quarterly percentage drops on Trump tariff turmoil Read More »

By David Shepardson WASHINGTON (Reuters) -Two Michigan business groups urged President Donald Trump to halt plans to impose sweeping 25% tariffs on imported vehicles and parts, saying it would lead to dramatic price hikes, supply-chain disruptions and pain in the auto-heavy state. “The increased costs would cause significant disruption throughout the supply chain and, perhaps …

Trump’s auto tariffs will lead to autoworker pain, two Michigan business groups say Read More »