Amazon sets ultra-low pricing plans for Temu rival store, The Information reports
(Reuters) – Amazon.com is imposing severe price caps on what merchants can charge for their products on a new low-cost…
Category: Business
Starboard Value CEO says Pfizer’s board should hold management accountable
By Michael Erman and Svea Herbst-Bayliss NEW YORK (Reuters) – Activist hedge fund Starboard Value’s chief investment officer Jeffrey Smith…
US Cellular to sell select spectrum assets to Verizon for $1 billion
(Reuters) – United States Cellular said on Friday it has agreed to sell some of its spectrum licenses to Verizon…
Nvidia hits record high as chip stocks rally on TSMC’s rosy AI-powered outlook
(Reuters) -Shares of Nvidia hit a record high amid a rally in U.S. chip stocks on Thursday after industry bellwether…
Google shifts Gemini app team to DeepMind
(Reuters) – Alphabet’s Google said on Thursday it will move the team behind the Gemini app to its artificial intelligence…
Amazon.com joins push for nuclear power to meet data center demand
By Timothy Gardner WASHINGTON (Reuters) – Amazon.com said on Wednesday it has signed three agreements on developing the nuclear power…
Starboard seeks probe after former Pfizer execs pull support for its campaign
(Reuters) – Starboard Value has asked Pfizer to set up a special committee to investigate allegations that two of its…
S&P 500 earnings to put investor focus on tech, AI
By Caroline Valetkevitch NEW YORK (Reuters) – Investors will be looking for evidence that investment in artificial intelligence among S&P…
Lilly to invest $4.5 billion on new facility to scale-up pipeline drug production
(Reuters) -U.S. drugmaker Eli Lilly said on Wednesday it will invest $4.5 billion to create a new center in Indiana…
Tesla misses estimates for third-quarter deliveries on stiff competition
By Akash Sriram (Reuters) -Tesla handed over fewer vehicles than analysts expected in the third quarter as stiff competition in…