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AMD asking partners to ramp up production, CEO says

TAIPEI, May 22 (Reuters) - Advanced Micro Devices CEO Lisa Su said on Friday in Taipei that the company was asking its partners to ramp up production given strong demand for AI. AMD is a major customer of TSMC, the world's largest contract chipmaker. (Reporting ...
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Republican revolt over Trump ‘anti-weaponization’ fund stalls ICE funding vote

By Richard Cowan, David Morgan, Bo Erickson and Jacob Bogage WASHINGTON, May 21 (Reuters) - U.S. Senate Republicans abandoned plans to vote on funding for immigration enforcement on Thursday in a revolt against one of President Donald Trump's priorities: a $1.8 billion fund for victims ...
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Democrats release ‘autopsy’ on 2024 US election loss but reject findings

By Joseph Ax May 21 (Reuters) - Bowing to pressure from within its ranks, the Democratic National Committee released on Thursday its long‑withheld "autopsy" of Kamala Harris' loss to Donald Trump in the 2024 presidential race - only to quickly disavow it. ...
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Cencora revises forecast for 2026, approves $2 billion share buyback

May 21 (Reuters) - U.S. drug distributor Cencora on Thursday raised the lower end of its fiscal 2026 earnings forecast citing recent share repurchases, and also approved a new $2 billion stock buyback plan. • It now sees adjusted earnings per share of $17.70 to ...
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Kelun, Merck’s lung cancer combo improves survival in late-stage China trial

By Siddhi Mahatole May 21 (Reuters) - Sichuan Kelun-Biotech Biopharmaceutical said on Thursday its experimental treatment combined with partner Merck's Keytruda improved progression-free survival in patients with advanced lung cancer, meeting the main goal of a late-stage study. Shares of Merck rose nearly 4% in after-hours ...
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Hengli, China’s silk-to-petrochemicals empire, faces the chill of US sanctions

By Colleen Howe and Chen Aizhu BEIJING/SINGAPORE, May 22 (Reuters) - The Hengli Group, built by a husband and wife duo over three decades from a bankrupt textile mill into a Fortune Global 500 giant and one of China's largest private oil refiners, has been ...
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Australia fines Coles over milk supply deals; flags Brownes’ pricing practices

May 22 (Reuters) - Australia's competition watchdog said on Friday that Coles and dairy firm Brownes Foods Operations each paid A$39,600 ($28,270.44) after receiving infringement notices for restrictive milk supply terms and unclear pricing, respectively. Here are some details: • The Australian Competition & Consumer Commission ...
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WATCH: Trying to save money on gas? Previously-banned fuel conversion kits could be allowed on California cars

(The Center Square) - As average gas prices in California continue to hover above $6 a gallon, one lawmaker's solution is an E85 fuel conversion kit. Assemblymember Rhodesia Ransom, ...
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Biogen, Denali scrap Parkinson’s drug after failure in mid-to-late stage study

May 21 (Reuters) - Biogen and Denali Therapeutics said on Thursday they will discontinue development of their Parkinson's drug after it failed to meet the main goal in a mid-to-late stage study. The drug, BIIB122, did not slow disease progression compared with placebo, missing the ...
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What to know about the Japanese-style scalp massages catching on in the US

SAN FRANCISCO (AP) - Getting a scalp or face massage is often a relaxing highlight of getting a haircut or a facial. Now, head spas are popping up across the country offering deep cranial and facial relaxation. "Typically, when you go get a massage, the ...
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Lam Research focused on adding AI to chipmaking tools as it eyes US expansion, CEO says

By Stephen Nellis FREMONT, California, May 21 (Reuters) - Lam Research is focused on adding sensing and AI capabilities to its semiconductor manufacturing tools to make them more productive as it plans expanded operations in Arizona and California, its chief executive told Reuters on Thursday. Shares ...
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Florida biologist fired over Charlie Kirk post after his death wins $485,000 settlement

Florida officials will pay nearly half a million dollars to a biologist who was fired by a state agency for criticizing conservative activist Charlie Kirk on social media after his death. The state's Fish and Wildlife Conservation Commission fired biologist Brittney Brown in September after ...
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