Nvidia-backed cloud firm CoreWeave reveals revenue surge in US IPO filing

By Arasu Kannagi Basil (Reuters) -Nvidia-backed CoreWeave’s revenue surged more than eight-fold in 2024, the cloud provider disclosed on Monday in its U.S. initial public offering paperwork, as the startup presses ahead with the first major artificial intelligence listing in New York this year. The filing lays the groundwork for what could be one of…

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Pfizer could use existing US manufacturing to counter potential tariff hit

By Christy Santhosh (Reuters) -Pfizer CEO Albert Bourla said on Monday the drugmaker might move overseas manufacturing to its existing plants in the United States, if required, as the Trump administration threatens numerous tariffs on imported goods. Bourla’s comments come as drugmakers brace for the possibility of 25% tariff on pharmaceutical imports. A company with…

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Tesla rises 2% as Morgan Stanley backs AI, robotics efforts with ‘top pick’ status

By Kanchana Chakravarty and Aditya Soni (Reuters) – Tesla shares rose 2% on Monday after Morgan Stanley reinstated the electric-vehicle maker as its top U.S. auto pick, saying the company’s artificial intelligence and robotics efforts could power growth even as the mainstay car business stumbles. The note dated Sunday was the latest from analyst Adam…

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Fox CEO expects new streaming service to attract users in mid-single-digit millions

(Reuters) – Fox Corp’s upcoming subscription streaming service is expected to draw subscribers in the mid-single-digit millions range, CEO Lachlan Murdoch said on Monday at the Morgan Stanley Technology, Media & Telecom Conference. Fox is planning to launch the yet-to-be-named service by the end of 2025 to diversify its revenue streams and attract an audience…

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