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Lilly becomes first healthcare firm to join trillion-dollar club, Wall Street reacts

(Reuters) -Eli Lilly hit $1 trillion in market value on Friday, making it the first drugmaker to enter the exclusive club dominated by tech giants and underscoring its rise as a weight-loss powerhouse. Here are some reactions to Lilly joining the trillion dollar club: ...
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Brazil fears losing US market share in instant coffee after Trump maintains tariffs

SAO PAULO (Reuters) -Brazil risks losing its market share in instant coffee sales in the U.S. after President Donald Trump retained 50% tariffs on the product while cutting duties for green coffee, the Brazilian Instant Coffee Association said on Friday. On Thursday, Trump removed his ...
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Eurovision plans changes to voting, security after allegations of Israeli government ‘interference’

GENEVA (AP) - Organizers of the Eurovision Song Contest announced plans to change the voting system of the popular musical extravaganza to ensure fairness, a move that follows allegations of "interference" by Israel's government. The European Broadcasting Union, a Geneva-based union of public broadcasters that ...
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Wall St opens higher as December rate cut bets strengthen

(Reuters) -Wall Street's main indexes opened higher on Friday as traders raised bets on an interest rate cut by the Federal Reserve in December following commentary from policymakers, with tech stocks stabilizing after last session's rout. The Dow Jones Industrial Average rose 56.4 points, or ...
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US factory activity slows in November, inventory piling up amid softening demand

By Lucia Mutikani WASHINGTON (Reuters) -U.S. factory activity slowed to a four-month low in November as higher prices because of tariffs on imports restrained demand, leading to a piling up of unsold goods that could hinder growth in the overall economy. S&P Global said on ...
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LA Olympics will keep ‘Intuit’ on Clippers arena as part of groundbreaking venue-naming deal

The Intuit Dome will be called just that for the Los Angeles Olympics, after organizers struck a deal with the makers of tax and business software as part of a groundbreaking arrangement to sell naming rights for venues at the upcoming Summer Games. Intuit ...
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Exclusive-Kering CEO plans ‘House of Dreams’ investment arm to help trim reliance on Gucci

By Tassilo Hummel and Emilio Parodi PARIS/MILAN (Reuters) -Kering's new CEO Luca De Meo plans to set up a new unit to scout for up-and-coming brands to invest in, documents seen by Reuters show, as he seeks to tap new revenue streams and trim the ...
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Fed’s Miran would back 25-bp rate cut if he were ‘marginal vote’ – BBG TV

(Reuters) -Federal Reserve Governor Stephen Miran on Friday said he would vote for a quarter-percentage-point interest rate cut at the December meeting if his vote meant the difference in securing a rate reduction, despite having dissented at both of his prior meetings in favor ...
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S&P 500, Nasdaq futures under pressure as tech selloff continues

(Reuters) -Futures tied to the Nasdaq and the S&P 500 fell on Friday, with most technology stocks, including Nvidia, remaining under pressure following a selloff in the previous session, as concerns over stretched valuations in the sector persisted. Nvidia shares dropped 2.8% in premarket trading ...
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Bitcoin bears dominate: odds of year-end price below $90,000 rise

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The likelihood of bitcoin ending the year below $90,000 has risen to 50%, according to online options platform Derive.xyz, as traders ramped up hedging against more declines in the world's largest cryptocurrency. On the other hand, the options market has ...
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Analysis-Jitters over AI spending set to grow as US tech giants flood bond market ​

By Davide Barbuscia NEW YORK (Reuters) -Investors are growing uneasy that the rapid rise in public debt used to bankroll AI investments could strain the U.S. corporate bond market and eventually dampen the appeal of tech stocks, despite leverage across most major companies remaining low ...
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Red Cross to shed nearly 3,000 jobs, scale back budget amid donor fatigue

GENEVA (Reuters) -The International Committee of the Red Cross will reduce its 2026 budget by 17% to 1.8 billion Swiss francs ($2.23 billion)and cut 2,900 jobs, it said in a statement on Friday. Aid budgets are facing an unprecedented shortfall as donors shift their focus ...
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