Elliott lays out its case for leadership change at Southwest Airlines
By Svea Herbst-Bayliss NEW YORK (Reuters) -Elliott Investment Management, which now holds voting power over roughly 9.7% of Southwest Airlines,…
2024
Fed most likely to cut rates by quarter percentage point next month, Daly says
By Ann Saphir (Reuters) – San Francisco Federal Reserve President Mary Daly on Monday said “the time is upon us”…
Wall Street ends sharply higher as Powell cements September rate cut hopes
By Stephen Culp NEW YORK (Reuters) -U.S. stocks rallied on Friday as dovish remarks from U.S. Federal Reserve Chair Jerome…
Apple targets Sept. 10 debut for new iPhones, AirPods and watches, Bloomberg News reports
(Reuters) – Apple is planning its biggest product launch event of the year on Sept. 10, during which it will…
Eli Lilly Alzheimer’s drug to be blocked for use by NHS, The Telegraph reports
(Reuters) -Eli Lilly’s treatment for early Alzheimer’s is expected to be blocked for use by Britain’s National Health Service (NHS),…
Exclusive-Top U.S. general makes unannounced Middle East trip as Iran threat looms
By Phil Stewart AMMAN (Reuters) – The top U.S. general began an unannounced visit to the Middle East on Saturday…
Microsoft to host cybersecurity summit after CrowdStrike-induced IT outage
(Reuters) -Microsoft said on Friday it would hold a summit in September on improving cybersecurity systems, after a faulty update…
Analysis-Fed’s dovish shift a mixed blessing for BOJ rate hike plan
By Leika Kihara JACKSON HOLE, Wyoming (Reuters) – The U.S. Federal Reserve’s dovish shift will likely give the Bank of…
Musk’s Neuralink says second trial implant went well, no thread retraction issue
(Reuters) – Elon Musk’s brain technology startup Neuralink said its implant, designed to allow paralyzed patients to use digital devices…
J&J in talks with holdouts to $6.5 billion talc settlement
By Dietrich Knauth and Mike Spector NEW YORK (Reuters) – Johnson & Johnson said on Friday it is negotiating with…