(Reuters) -AbbVie will buy drug developer Landos Biopharma for up to $212 million as the…
Category: Business
Global stocks catch breath after record-breaking week
By Alden Bentley and Elizabeth Howcroft NEW YORK/LONDON (Reuters) -Profit-taking capped global stock markets on…
Reddit may need to ramp up spending on content moderation, analysts say
By Niket Nishant (Reuters) -Reddit will need to spend heavily on content moderation as it…
FedEx tightens 2024 profit forecast on cost cuts, shares jump 13%
By Lisa Baertlein and Aishwarya Jain (Reuters) -FedEx narrowed its fiscal 2024 profit forecast on…
Lululemon warns of slowing North America sales as spending falters
By Annett Mary Manoj (Reuters) -Lululemon Athletica forecast annual revenue and profit below expectations on…
Wall Street extends overnight record setting after SNB cut, steady Fed
By Alden Bentley, Alun John and Tom Westbrook NEW YORK/LONDON/SINGAPORE (Reuters) -Global share benchmarks rallied…
BlackRock urges Texas fund managers to reconsider after $8.5 billion divestment
By Isla Binnie NEW YORK (Reuters) -A senior BlackRock executive said on Thursday the world’s…
Apollo offers $11 billion for Paramount’s Hollywood studio, source says
By Dawn Chmielewski (Reuters) – Private equity firm Apollo Global Management has offered $11 billion…
Wall St ends higher as Fed keeps three rate cuts on the horizon
By SinĂ©ad Carew and Bansari Mayur Kamdar (Reuters) -Wall Street’s main stock indexes closed higher…
Chipmaker Micron’s shares surge as AI boom drives strong forecast
By Arsheeya Bajwa and Harshita Mary Varghese (Reuters) -Memory chip maker Micron Technology tapped a…