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India’s Cipla posts steeper-than-expected quarterly profit slump on tumour drug supply crunch
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Wednesday, October 15
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Scientists hope underwater fiber-optic cables can help save endangered orcas
SAN JUAN ISLAND, Wash. (AP) — As dawn broke over San Juan Island, a team of scientists stood on the deck of a barge and unspooled over a mile of fiber-optic cable into the frigid waters of the Salish ...
Wednesday, October 15
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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 ...
Wednesday, October 15
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SRN News
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 ...
Wednesday, October 15
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Novo Nordisk begins round of layoffs in United States, sources say
By Maggie Fick and Dan Levine LONDON/SAN FRANCISCO (Reuters) -Drugmaker Novo Nordisk has begun a round of layoffs in its most important market, the United States, with affected staff set to be notified between this week and next, according to ...
Wednesday, October 15
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SRN News
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 ...
Wednesday, October 15
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SRN News
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 ...
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Wednesday, October 15
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SRN News
EIA expects heating US homes by electricity to cost more this winter than last year
NEW YORK (Reuters) -U.S. households heated mainly by electricity will spend about 4% more this year to stay warm over the winter due to higher power price forecasts, the Energy Information Administration said on Wednesday in its winter fuels ...
Wednesday, October 15
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Colorado joins new governors’ alliance to strengthen public health coordination
(Reuters) -Colorado has joined a new bipartisan alliance of U.S. governors with 14 other states, aimed at improving public health coordination and emergency preparedness, its governor Jared Polis said on Wednesday. The alliance will serve as a hub for ...
Wednesday, October 15
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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 ...
Wednesday, October 15
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SRN News
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 ...
Wednesday, October 15
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SRN News
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 ...
Wednesday, October 15
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SRN News
Novo Nordisk signs up to $2.1 billion licensing deal with Omeros in rare disease push
(Reuters) -Danish drugmaker Novo Nordisk and Omeros have signed a licensing deal worth up to $2.1 billion for the U.S.-based company’s experimental drug, which is being developed for rare blood and kidney disorders, they said on Wednesday. As part of ...
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