Musk’s X accuses advertisers of illegal boycott in new lawsuit
By Mike Scarcella (Reuters) – Elon Musk’s social media platform X on Tuesday sued a global advertising alliance and several…
Business
Sleepy utilities sector shines as haven from US stock turbulence
By Lewis Krauskopf NEW YORK (Reuters) – Shares of utilities companies are presenting investors with a rare bright spot in…
Lucid gets up to $1.5 billion in funding from Saudi shareholder
(Reuters) -Lucid Group said on Monday its largest shareholder, Saudi Arabia’s Public Investment Fund, will inject up to $1.5 billion…
Nvidia’s AI chip demand to face limited impact from potential production delay, analysts say
(Reuters) – Worries over a delay in the launch of Nvidia’s upcoming artificial-intelligence chips may be exaggerated, analysts said, as…
Lilly CEO says weight-loss drug shortage to end ‘very soon’, Bloomberg News reports
(Reuters) – U.S. drugmaker Eli Lilly expects its blockbuster weight-loss drug to officially come out of shortage in the United…
BNP Paribas in talks to buy AXA Investment Managers for 5.1 billion euros
By Mathieu Rosemain PARIS (Reuters) – BNP Paribas is in exclusive talks with French insurer AXA to buy 100% of…
Spirit forecasts steeper loss on ‘intense competitive battle’ for leisure travelers
By Shivansh Tiwary and Rajesh Kumar Singh (Reuters) -Spirit Airlines on Thursday warned of a steeper loss in the current…
US mulls new curbs on China’s access to AI memory chips, Bloomberg News says
(Reuters) -The U.S. is considering unilateral restrictions on China’s access to AI memory chips such as those made by Micron…
PayPal’s turnaround plan faces challenges from competition, analysts say
By Niket Nishant and Manya Saini (Reuters) -As PayPal embarks on an ambitious turnaround strategy to revitalize growth after a…
Ackman’s Pershing Square USA withdraws US IPO
(Reuters) – Pershing Square USA said on Wednesday it was withdrawing its initial public offering, a day after hedge fund…