Ford exec expects software to boost revenue for commercial trucks, vans
By Paul Lienert (Reuters) – Ford Motor expects to incorporate more and better software into the trucks and vans in…
Month: August 2023
US FDA approves Johnson & Johnson’s blood cancer therapy
By Mariam Sunny (Reuters) -Johnson & Johnson said on Thursday the U.S. Food and Drug Administration had approved its antibody-based…
Biden orders ban on certain US tech investments in China
By Karen Freifeld, Andrea Shalal and David Shepardson NEW YORK/WASHINGTON (Reuters) -President Joe Biden on Wednesday signed an executive order…
Wall Street ends lower as investors await US inflation data
By Echo Wang (Reuters) – U.S. stocks closed lower on Wednesday, the day after a report showed Americans borrowed more…
Congresswoman Waters ‘deeply concerned’ about PayPal’s stablecoin launch
(Reuters) – Democrat Congresswoman Maxine Waters said on Wednesday she was “deeply concerned” about payment giant PayPal launching its own…
Exclusive-Private equity firm STG nears $1.4 billion deal for Avid Technology -sources
By Milana Vinn and Anirban Sen NEW YORK (Reuters) – Private equity firm Symphony Technology Group (STG) is nearing a…
Rivian lifts 2023 EV production target, reassures on liquidity
By Abhirup Roy and Akash Sriram (Reuters) – Rivian Automotive on Tuesday raised its full-year production forecast, and its chief…
Lyft falls as fears of price war with Uber overshadow strong forecast
By Yuvraj Malik (Reuters) -Lyft signaled on Tuesday it would double down on competitive pricing to catch up with larger…
Oil edges up on higher US economic growth outlook; China import slump weighs
By Stephanie Kelly NEW YORK (Reuters) -Oil prices edged higher on Tuesday as a U.S. government agency projected a rosier…
Lilly hits record high after Mounjaro fuels forecast raise, rival data
By Bhanvi Satija and Mariam Sunny (Reuters) -Eli Lilly on Tuesday raised its annual forecasts as demand for new diabetes…