By Patrick Wingrove (Reuters) – Moderna on Thursday said it expects sales of between $2.5 billion and $3.5 billion next year, and forecast that new product launches would drive an average annual growth rate of 25% in revenue between 2026 and 2028. The vaccine maker last month projected sales of $3 billion and $3.5 billion…
(Reuters) -Microsoft-backed OpenAI said on Thursday it was launching a series of AI models designed to spend more time processing to solve hard problems. The models, dubbed o1 and o1-mini, can reason through complex tasks and solve harder problems than previous models in science, coding and math, the AI firm said. The o1 will be…
By Jonathan Stempel (Reuters) – Ajit Jain, the longtime top insurance executive at Warren Buffett’s Berkshire Hathaway, sold more than half of his Class A shares in the conglomerate this week. According to a Wednesday night regulatory filing, the 73-year-old Jain sold 200 Berkshire Class A shares on Sept. 9 for about $139.1 million, at…
WASHINGTON (Reuters) – A top Nippon Steel executive plans to meet with senior U.S. officials on Wednesday to try and salvage the firm’s $14.9 billion bid for U.S. Steel, a person familiar with the matter said. The meeting, which will feature Takahiro Mori, a key negotiator on the deal, is also expected to include Treasury…
By Simon Lewis WASHINGTON (Reuters) – The Biden administration on Wednesday notified the U.S. Congress that it will provide Egypt with $1.3 billion in military aid, a State Department spokesperson said, the first time since 2020 Egypt will receive the total amount of U.S. funding despite human rights conditions. The announcement comes as Washington has…
By Andrea Shalal and Nandita Bose NEW YORK (Reuters) – President Joe Biden, Vice President Kamala Harris and former President Donald Trump made a rare joint appearance on Wednesday at the New York City site that marks the Sept. 11 plane attacks in 2001 that killed nearly 3,000 people. Harris, the Democratic presidential nominee and…
(Reuters) – JPMorgan Chase has named David Bauer as its new co-head of equity capital markets in the Americas, according to an internal memo seen by Reuters on Wednesday. Bauer, who joins the largest U.S. bank from private equity giant KKR, will lead the unit along with Keith Canton, the memo said. He has spent…
By Joey Roulette and Gerry Doyle WASHINGTON (Reuters) -Four private astronauts blasted into space early on Tuesday in a modified SpaceX Crew Dragon capsule, kicking off the company’s five-day Polaris Dawn mission, which aims to test new spacesuit designs and conduct the first private spacewalk. The crew, a billionaire entrepreneur, a retired military fighter pilot…
By Noel Randewich (Reuters) – Shares of Trump Media & Technology Group, majority-owned by former U.S. President Donald Trump, surged for a second day on Tuesday ahead of a debate between the Republican presidential candidate and Vice President Kamala Harris. The stock jumped over 4% and lifted the value of Trump’s stake in the company…
By Nupur Anand and Pritam Biswas NEW YORK (Reuters) -JPMorgan Chase shares fell about 6% after the bank’s president on Tuesday tempered expectations about its income from interest payments. President and Chief Operating Officer Daniel Pinto said forecasts for net interest income (NII), or the difference between what the bank makes on loans and pays…
