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Stellantis’ $13 billion investment plan in US wins nod from investors, analysts

(Reuters) -Stellantis’ new $13 billion investment plan in the U.S. marks a key step to countering tariffs imposed by President Donald Trump and to reviving the automakers’ sales in its main market, investors and analysts said on Wednesday. The plan, announced late on Tuesday, ...
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Archer Aviation to buy Lilium’s 300-patent portfolio for $21 million, shares jump

(Reuters) -Air taxi firm Archer Aviation on Wednesday said that it has won a bid to acquire rival Lilium’s portfolio of about 300 advanced air mobility patent assets for 18 million euros ($20.91 million), expanding its own portfolio to over 1,000 patent assets. Shares ...
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Broadway enters an anxious time as labor action threatens to roil theaters

NEW YORK (AP) — Broadway is a tense place these days after two major labor unions authorized strike action amid ongoing contract negotiations with producers. Actors’ Equity Association — which represents over 51,000 members, including singers, actors, dancers and stage managers — and American Federation ...
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Hong Kong lawmakers pass bill to regulate ride-hailing services like Uber

HONG KONG (AP) — Hong Kong lawmakers passed a bill Wednesday to regulate online ride-hailing services, requiring platforms like Uber, along with their vehicles and drivers, to be licensed, after years of backlash from the city’s taxi industry. The first licensed platforms are expected to ...
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South Korea, US make ‘meaningful progress’ in tariff talks, senior Seoul official says

By Yena Park and Heejin Kim SEOUL (Reuters) -South Korea and the United States made “meaningful progress” in negotiations over $350 billion of investments in the U.S. that Seoul pledged in a deal reached in July to secure reduced U.S. trade tariffs, Korea’s top policy ...
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Group including Nvidia, BlackRock buying Aligned Data Centers in deal worth about $40 billion

A group including BlackRock, Nvidia and Microsoft is buying Aligned Data Centers in an approximately $40 billion deal in an effort to expand next-generation cloud and artificial intelligence infrastructure. The acquisition comes amid a flurry of deals in recent months involving top AI developers that ...
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CVS polishes off deal to buy former Rite Aid stores, prescription files

CVS has finished buying customer prescription files from hundreds of closed Rite Aid drugstores and is now running 63 of the defunct chain’s locations. The company said Wednesday that it is operating former Rite Aid and Bartell Drugs stores in Idaho, Oregon and Washington. ...
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Japan, Spain, South Korea warn over unsustainable copper processing fees

By Yuka Obayashi TOKYO (Reuters) -Japan, Spain and South Korea issued a rare joint statement on Wednesday expressing deep concerns over tumbling copper treatment and refining charges (TC/RCs), warning both smelters and miners cannot develop sustainably under current conditions. Copper smelters worldwide are grappling with falling ...
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Lone Star to take Hillenbrand private for $2.3 billion

(Reuters) -Hillenbrand is being taken private by investment firm Lone Star Funds for $2.3 billion in cash, sending the industrial equipment maker’s shares surging about 19% in early trading. A Lone Star affiliate is offering $32 per Hillenbrand share, a 30% premium to its closing ...
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US, China are still committed to global debt efforts, IMF strategy chief says

By Andrea Shalal and Karin Strohecker WASHINGTON (Reuters) -Top U.S. and Chinese officials will join Wednesday’s meeting of the Global Sovereign Debt Roundtable, where a key topic will be the lack of transparency about bank loans that have complicated developing countries’ debt restructuring efforts. International Monetary ...
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Flare-up in US-China trade tensions poses a big risk to Thailand’s growth, deputy central bank governor says

By Karin Strohecker WASHINGTON (Reuters) -The fresh flare-up in trade tensions between the United States and China is a big risk to the outlook for Thailand’s economic growth, the country’s deputy central bank governor said, adding there was little room left to lower rates further. U.S. ...
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Dollar Tree forecasts upbeat fiscal 2026 earnings; reiterates annual targets

(Reuters) -Dollar Tree on Wednesday forecast fiscal 2026 profit above Wall Street estimates and upheld its annual targets, signaling steady demand for affordable groceries and essentials. Shares of the company soared 7% in premarket trading after it also maintained its current quarter forecast. They have ...
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