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By Kalea Hall DETROIT (Reuters) -U.S. new-vehicle prices surged in April, data released on Monday showed, a sign that the effects of President Donald Trump’s auto-tariff measures are rippling through the car market. The average price consumers paid, after discounts and promotions, rose 2.5% from March, more than double the typical 1.1% increase over those…
By Amina Niasse NEW YORK (Reuters) -President Donald Trump on Monday delivered a blow to the private-sector middlemen who negotiate U.S. drug prices in his executive order on drug pricing, saying he would cut them out as part of a goal to bring the U.S. in line with other countries. The news drove their shares…
By Kalea Hall DETROIT (Reuters) -Mercedes executives on Monday said the company will add production of its GLC SUV for North America at its plant in Tuscaloosa, Alabama. Earlier this month, the German automaker said it would bring a new vehicle to the Alabama plant in 2027 that would “deepen our commitment to the U.S.” …
(Corrects to remove reference to Amazon in paragraph 6) (Reuters) -Amazon said on Monday it has struck a new partnership with FedEx in late February to handle some parts of its package deliveries. FedEx shares rose 1.7% after the closing bell. Business Insider first reported the news on Monday, citing an internal document. The deal…
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By Suzanne McGee (Reuters) -Investors are hopeful that U.S.-China trade talks this weekend will cool a trade war between the world’s two largest economies and dispel some of the uncertainty clouding financial markets, though few expect a major breakthrough just yet. The highly anticipated meeting in Switzerland could mark one of the biggest developments since…
CAIRO (Reuters) -Talks between Hamas and the U.S. administration regarding a ceasefire in Gaza and the entry of humanitarian aid to the besieged enclave were underway, a senior Palestinian official familiar with the discussions told Reuters on Sunday. U.S. President Donald Trump recently repeated a pledge to help get food to Palestinians in Gaza. A…
By Leah Douglas, Tim Reid, Nichola Groom, Nathan Layne WASHINGTON (Reuters) -The U.S. federal disaster agency FEMA has sharply reduced training for state and local emergency managers ahead of the start of the hurricane season on June 1, according to current and former officials, memos seen by Reuters, and three sources familiar with the situation. The…
(Reuters) -OpenAI and Microsoft are rewriting the terms of their multibillion-dollar partnership in a high-stakes negotiation designed to allow the ChatGPT maker to launch a future IPO, while protecting the software giant’s access to cutting-edge AI models, the Financial Times reported on Sunday. A critical issue is how much equity in OpenAI’s new for-profit business…
