Obesity drug maker Novo Nordisk ousts CEO as competition weighs
COPENHAGEN (Reuters) – Wegovy-maker Novo Nordisk said on Friday its CEO Lars Fruergaard Jorgensen will step down over concerns the company is losing its first-mover advantage in the highly competitive obesity drug market.Under Jorgensen’s leadership, Novo...
Tesla to add Chipotle executive Jack Hartung to board
(Reuters) – Tesla will add Chipotle executive Jack Hartung to its board of directors and audit committee in June, the electric vehicle maker said on Friday.Hartung’s addition will expand Tesla’s board to nine members. Joe Gebbia, the co-founder of...
Rubio says Russia-Ukraine talks at ‘logjam,’ Trump-Putin meeting needed for breakthrough
By Humeyra PamukANTALYA, Turkey (Reuters) – U.S. Secretary of State Marco Rubio said on Thursday the only way a breakthrough will happen in the efforts to end Russia’s war in Ukraine would be through direct talks between President Donald Trump and Russian...
Coinbase says it strongly believes US SEC investigation should not continue
(Reuters) -Coinbase said on Thursday it strongly believes a regulatory investigation by the U.S. securities regulator into its disclosures of monthly transacting users should not continue.The statement follows a New York Times report that said the U.S. Securities and...
FDA plans to review chemicals in US food supply, official says
By Tom PolansekROSEMONT, Illinois (Reuters) – The U.S. Food and Drug Administration plans to step up safety reviews on chemicals in foods, including one widely used as a preservative in products containing fats, said Kyle Diamantas, the agency’s top food...
Meta delays release of its ‘Behemoth’ AI model, WSJ reports
(Reuters) -Meta Platforms is delaying the release of its flagship “Behemoth” AI model due to concerns about its capabilities, the Wall Street Journal reported on Thursday, citing people familiar with the matter.Company engineers are struggling to...
How Walmart handles Trump’s tariffs could offer clues on retail health
By Ananya Mariam Rajesh(Reuters) – Results from Walmart, a bellwether for the U.S. retail industry, will offer proof on Thursday why the Arkansas behemoth is best placed to navigate the uncertainty from the Trump administration’s tariffs. Walmart is among...
AI chipmaker AMD unveils $6 billion buyback plan
(Reuters) – Advanced Micro Devices on Wednesday announced a new $6 billion stock buyback plan, joining a string of chipmakers that are looking to reduce their float as the AI trade that has powered their shares shows some signs of slowing. Shares of the Santa...