Author Archives: Syndicated Content
Natgas producer BKV valued at $1.56 billion in NYSE debut
(Reuters) -Shares of BKV rose 3.1% in their debut on the New York Stock Exchange on Thursday, giving the U.S. natural gas producer a market capitalization of $1.56 billion. The beginning of the U.S. F...
Sep 26, 2024
Fed's Barr: Discount window can be source of normal funding for banks
By Michael S. Derby NEW YORK (Reuters) - The Federal Reserve's point man on bank oversight, Michael Barr, said on Thursday that banks should use the central bank's discount window whenever they need i...
Sep 26, 2024
EU regulator recommends suspension of Pfizer's sickle cell disease treatment
(Reuters) - The European Medicines Agency (EMA) recommended suspending the marketing authorization for Pfizer's sickle cell disease drug Oxbryta on Thursday. EMA said new data raise serious concerns a...
Sep 26, 2024
Microsoft to make $2.7 billion cloud, AI investments in Brazil
SAO PAULO (Reuters) - Microsoft on Thursday pledged to invest 14.7 billion reais ($2.70 billion) in Brazil over three years to enhance its cloud infrastructure and artificial intelligence (AI) in Lati...
Sep 26, 2024
Yellen says economy on 'soft landing' path, Fed's policy rate will fall to neutral level
By Susan Heavey and David Lawder WASHINGTON (Reuters) - U.S. Treasury Secretary Janet Yellen said on Thursday that labor market and inflation data suggest the U.S. economy is on a path to a "soft land...
Sep 26, 2024
Chevron agrees Hess CEO will not join board in deal with US regulator, Bloomberg News reports
(Reuters) - U.S. energy major Chevron has agreed Hess CEO John Hess will not join its board in an agreement with the U.S. Federal Trade Commission to proceed with the $53 billion takeover deal, Bloomb...
Sep 26, 2024
Evergrande EV unit's liquidators still in talks with potential stake buyers
(Reuters) -Liquidators of the electric vehicle arm of debt-laden China Evergrande are still in talks with a potential buyer to take a stake in the company with a view to provide a new credit line to s...
Sep 26, 2024
Pfizer's Oxbryta exit may hasten trials of rival experimental sickle cell drugs, analysts say
By Kashish Tandon and Christy Santhosh (Reuters) - Pfizer's decision late on Wednesday to withdraw its sickle cell disease treatment due to the risk of death could help speed up trials of new experime...
Sep 26, 2024
Accenture unveils $4 billion share buyback as AI powers strong quarterly revenue
(Reuters) -IT services firm Accenture on Thursday unveiled a $4.0 billion share buyback and reported better-than-expected fourth-quarter revenue thanks to demand from companies looking to adopt genera...
Sep 26, 2024
Micron fuels chip stock rally as AI demand powers revenue forecast
By Arsheeya Bajwa (Reuters) - Micron Technology surged 15% on Thursday in premarket trading, leading a rally in chip stocks after its strong revenue forecast signaled robust demand for semiconductors ...
Sep 26, 2024
