Reuters US Business

By Stephanie Kelly NEW YORK (Reuters) -U.S. crude imports from Canada fell to the lowest in two years as U.S. net crude imports also sank, after President Donald Trump’s administration imposed tariffs on imported crude from its northern neighbor. Despite the fall in imports, U.S. crude inventories rose more than expected last week as domestic …

US crude imports from Canada fall to two-year low after tariff developments, EIA data shows Read More »

By David Shepardson WASHINGTON (Reuters) -Amazon.com’s self-driving unit Zoox agreed to recall 258 vehicles due to issues with its automated driving system that could cause unexpected hard braking, after a U.S. investigation, according to a company filing Wednesday. The recall affects vehicles equipped with self-driving software versions released before November 5. The California-based company said …

Amazon’s robotaxi unit Zoox agrees recall over braking issue Read More »

By Jonathan Stempel and Niket Nishant NEW YORK (Reuters) -Ripple Labs said on Wednesday the U.S. Securities and Exchange Commission ended its appeal from a court ruling that the regulator’s prior chief had said would make it harder to oversee cryptocurrency markets. The SEC had been appealing a July 2023 decision by U.S. District Judge …

Ripple Labs says US SEC ends appeal over crypto oversight Read More »

By Dietrich Knauth NEW YORK (Reuters) -Bankrupt drugmaker Purdue Pharma filed a new bankruptcy plan on Tuesday, a major step towards finalizing a proposed opioid settlement of at least $7.4 billion after a setback in the U.S. Supreme Court last year. The payments are aimed at resolving thousands of lawsuits alleging that the company’s pain …

Purdue Pharma files new bankruptcy plan for $7.4 billion opioid settlement Read More »

By Niket Nishant and Manya Saini (Reuters) -Oppenheimer said on Wednesday it no longer expects growth in U.S. investment banking revenue this year and slashed its earlier estimate of a 32% jump due to uncertainty stemming from tariffs. The U.S. brokerage downgraded Goldman Sachs, Jefferies and Carlyle, citing a threat to dealmaking. The move highlights …

Oppenheimer slashes 2025 US investment banking forecast on tariff worries Read More »

By Foo Yun Chee BRUSSELS (Reuters) – Apple was ordered by EU antitrust regulators on Wednesday to open up its closed ecosystem to rivals, with the latter spelling out details on how to go about it in line with the bloc’s landmark rules and where non-compliance could lead to an investigation and fines. The move …

Apple ordered by EU antitrust regulators to open up to rivals Read More »

FRANKFURT (Reuters) -A consortium that includes Allianz, BlackRock and T&D Holdings are investing in Viridium Group in a 3.5 billion euro ($3.82 billion) deal that will see the private equity company Cinven exit as a majority investor, the companies said on Wednesday. Viridium is a company that specializes in buying existing life insurance portfolios, and …

Allianz, BlackRock and T&D in consortium for Cinven’s Viridium stake Read More »

(Reuters) -Drugmaker Pfizer has sold its entire stake in Haleon for about 2.5 billion pounds ($3.24 billion) to institutional investors and the consumer healthcare firm at 385 pence per share, a bookrunner for the deal said on Wednesday. Under the deal, Sensodyne maker Haleon has agreed to buy back 44 million shares from Pfizer, currently …

Pfizer sells entire Haleon stake for $3.24 billion Read More »