(Reuters) -The U.S. Federal Trade Commission is planning to sue UnitedHealth, Cigna and CVS Health – the three largest pharmacy-benefit managers – over their tactics for negotiating prices for drugs including insulin, the Wall Street Journal reported on Wednesday. Pharmacy benefit managers, or PBMs, act as middlemen between drug companies and consumers. They negotiate fees and…
(Reuters) -Neuralink, Elon Musk’s brain-chip company, is working on a new device that it believes will require half the number of electrodes to be implanted in the brain to make it more efficient and powerful, the company’s executives said. The company is also taking risk mitigation measures such as skull sculpting and reduce the carbon…
By Daina Beth Solomon and Ernest Scheyder SALAR CENTENARIO, Argentina (Reuters) – In a dusty plain in northern Argentina’s mountains, black tubes stretching two stories high fill a massive tank with salty brine sucked from deep below ground. The brine contains lithium, a silvery white metal essential for making electric vehicle batteries and in high…
(Reuters) -The National Basketball Association has finalized a $76 billion deal that will make Comcast’s NBC and Amazon.com’s Amazon Prime Video new partners, while maintaining Disney’s ESPN as the home of the NBA finals, the Athletic reported on Wednesday, citing sources. The deal worth $76 billion will extend for 11 seasons, the report said, citing…
By Sinéad Carew and Tom Wilson NEW YORK/LONDON (Reuters) -MSCI’s global equities index bumped around in a narrow range on Tuesday while the benchmark U.S. 10-year yield ticked higher after U.S. Federal Reserve Chair Jerome Powell said that more good data would strengthen the case for rate cuts but gave no hints on the timing…
By Noel Randewich and Lisa Pauline Mattackal (Reuters) -The S&P 500 and Nasdaq hit record highs on Tuesday, propelled by gains in Nvidia and other megacaps after U.S. Federal Reserve Chair Jerome Powell told lawmakers that more “good” economic data would strengthen the case for rate cuts. AI heavyweight Nvidia climbed 1.4%, offsetting declines in…
(Reuters) -Billionaire Elon Musk’s artificial intelligence startup xAI and tech giant Oracle have ended talks on a potential $10 billion server deal, The Information reported on Tuesday. The startup and Oracle have ended talks to expand an existing arrangement under which xAI has been renting Nvidia’s AI chips from the cloud provider, the report said,…
WASHINGTON (Reuters) – NATO has placed an order for Stinger anti-aircraft missiles worth almost $700 million dollars in the name of several member states, the alliance’s Secretary-General Jens Stoltenberg said on Tuesday. “Just today, the (NATO procurement agency) NSPA signed a new multinational contract for Stinger missiles worth almost 700 million dollars,” he told a…
By David Shepardson WASHINGTON (Reuters) -Boeing is in talks with the U.S. Defense Department over how the planemaker’s planned guilty plea could affect its extensive government contracts, a person briefed on the matter said. Late on Sunday, the Justice Department said in a court filing that Boeing had agreed to plead guilty to a criminal…
(Reuters) -Eli Lilly will acquire Morphic Holding for $3.2 billion, the companies said on Monday, giving the U.S. drugmaker access to an experimental drug for inflammatory bowel disease. Shares of drug developer Morphic surged 76% to $56.15 premarket on Lilly’s offer of $57 per share, which represents a 79% premium to stock’s last closing price….
