(Reuters) -Gilead Sciences announced $11 billion in new planned investment in the U.S. to boost its domestic manufacturing and research heft, becoming the latest company to announce spending plans in reaction to President Donald Trump’s tariff policy. The new investments, unveiled on Wednesday, will supplement an already planned spending of $21 billion in U.S. manufacturing…
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BEVERLY HILLS, California (Reuters) – Pockets of the U.S. corporate debt market are flashing warning signs that a cooling economy is squeezing the most fragile borrowers, a BlackRock executive said, despite broader market hopes that the turbulence from tariffs has subsided. Credit spreads – the premium investors demand to hold corporate debt rather than safer…
SAN FRANCISCO (Reuters) -Intel shareholders on Tuesday approved a measure by the chipmaker aimed at topping up share reserves to attract and retain new employees, and compensation for its new CEO Lip-Bu Tan. Intel shares fell 1.6% in early afternoon trading after dropping 36% in the past year. Shareholders approved the Santa Clara, California-based company’s board…
By Stephen Nellis SAN FRANCISCO (Reuters) -Microsoft on Tuesday said it will release a new laptop and tablet with chips from Qualcomm at lower prices than before, aiming to get new AI features to a broader set of customers. The newest Surface 13-inch laptop and Surface Pro 12-inch tablet will go on sale on May…
By Joey Roulette WASHINGTON (Reuters) -SpaceX received key U.S. regulatory approval on Tuesday to increase the annual rate of Starship rocket launches from Texas and booster landings in various bodies of water, allowing Elon Musk’s space company to significantly expand development of its giant Mars rocket. The Federal Aviation Administration, capping a years-long review, said…
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By Shankar Ramakrishnan and Matt Tracy (Reuters) -Apple is planning a four-tranche bond offering on Monday, its first in two years, using proceeds to repurchase stock and repay outstanding debt, among other purposes, the company said in an SEC filing. The offering size was not stated but CreditSights analysts expect it to raise nearly $5…
(Reuters) -UBS said on Monday Credit Suisse Services will pay $511 million as part of an agreement with the U.S. Department of Justice for implementation of its 2014 plea around helping ultra-wealthy Americans evade taxes. The settlement comes after a U.S. Senate Finance Committee in 2023 had found Credit Suisse violated its 2014 deal made…
By Nupur Anand NEW YORK (Reuters) -JPMorgan Chase’s artificial-intelligence tools enabled it to boost sales to wealthy clients and manage scores of requests from worried customers even during April’s market rout, the bank’s CEO of asset and wealth management said. The largest U.S. lender has been ramping up its use of AI, along with its…
