(Reuters) – Google will showcase artificial intelligence features, and updates to its Pixel devices and the Android platform at a special event on Aug. 13, according to invites shared online by the Verge and tech commentator Marques Brownlee. The event will be held at Google’s Mountain View headquarters, and have a keynote beginning at 10…
By Joey Roulette WASHINGTON (Reuters) – RTX Corp subsidiary Collins Aerospace is in talks with NASA to back out of its contract to build new spacesuits for astronauts on the International Space Station, setting back the agency’s bid to modernize its decades-old spacesuits, according to two people familiar with the discussions. The contract was part…
(Reuters) – U.S. companies borrowed 11% more to finance equipment investments in May compared to a year ago, industry body Equipment Leasing and Finance Association (ELFA) said on Tuesday. Companies signed up for new loans, leases and lines of credit worth $10.2 billion in May, down 7% from a month ago. “The drop in volume…
(Reuters) – Paramount Global is raising subscription rates for its flagship streaming services, the media giant said on Monday, as it looks to recalibrate its business and pay off debt. The revision in pricing comes at a time when merger talks between Non-Executive Chairwoman Shari Redstone and David Ellison’s Skydance Media for a potential sale…
By Dietrich Knauth NEW YORK (Reuters) – MedImpact’s attempt to recoup about $200 million related to its purchase of Rite Aid’s pharmacy benefit unit failed after a judge ruled on Monday that it took on Elixir’s debts when it bought the company. U.S. Bankruptcy Judge Michael Kaplan at a hearing in Trenton, New Jersey said…
By Isabelle Yr Carlsson and Maggie Fick COPENHAGEN/LONDON (Reuters) – Obesity drug-maker Novo Nordisk will spend $4.1 billion to build a U.S. facility to fill injection pens for its hugely popular weight-loss treatment Wegovy and diabetes drug Ozempic, it said on Monday. Construction of the plant at Novo’s existing main U.S. manufacturing site in Clayton,…
By Abhirup Roy NORMAL, Illinois (Reuters) -Electric-vehicle maker Rivian’s drive to cut costs and turn its first profit has removed over 100 steps from the battery-making process, 52 pieces of equipment from the body shop and over 500 parts from the design of its flagship SUVs and pickups. The result of Rivian retooling its manufacturing…
SEOUL (Reuters) – A nuclear-powered U.S. aircraft carrier, the Theodore Roosevelt, arrived in the South Korean port city of Busan on Saturday to take part in joint military exercises later this month with the host nation and Japan, naval officials said. The leaders of the three countries agreed at a summit last August to hold…
CAIRO (Reuters) – A drone attack caused damage to a merchant vessel 65 nautical miles west of Yemen’s Hodeidah, the United Kingdom Maritime Trade Operations (UKMTO) and British security firm Ambrey said on Sunday. “All crew members are reported safe, and the vessel is proceeding to its next port of call,” UKMTO said in an…
(Reuters) -Facebook parent Meta Platforms has discussed integrating Meta’s generative AI model into Apple Inc’s recently announced AI system for iPhones, the Wall Street Journal reported on Sunday. Apart from Google and Meta, AI startups Anthropic and Perplexity have also been in discussions with Apple to bring their generative AI to Apple Intelligence, the Journal…
