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Senators want Biden to lower South Korean import quota for piping products

WASHINGTON (Reuters) – Three Democratic U.S. senators on Friday urged the Biden administration to reduce the current import quota set on oil and gas drilling pipes from South Korea, saying it has impacted companies with operations in Ohio and Pennsylvania. The ...
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Ulta Beauty lowers annual forecasts on slowing demand for beauty products

(Reuters) -Ulta Beauty cut its annual sales and profit forecasts on Thursday, hurt by slowing demand for higher-priced cosmetics and fragrances at its stores. The company’s shares, which have already fallen about 22% this year, were down 7% in extended trading. Once pandemic-related restrictions were lifted ...
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Smokers under 30 need photo IDs to buy tobacco products, US FDA says

(Reuters) -The U.S. Food and Drug Administration has mandated more people show photo identification when buying tobacco products, as the health regulator raised the age verification requirement by three years. As part of a rule finalized by the agency on Thursday, the FDA now requires ...
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Smokers under 30 need photo IDs to buy tobacco products, US FDA says

(Reuters) -The U.S. Food and Drug Administration has mandated more people show photo identification when buying tobacco products, as the health regulator raised the age verification requirement by three years. As part of a rule finalized by the agency on Thursday, the FDA now requires ...
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Zoom raises annual revenue forecast on strong demand for its AI-powered products

(Reuters) -Zoom Video Communications raised its annual revenue forecast on Wednesday, driven by strong demand for its AI-powered collaboration tools deployed in hybrid work models, sending its shares up 4% in extended trading. The video-conferencing provider has been doubling down on efforts to integrate artificial ...
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Lockheed to buy satellite products maker Terran in $450 million deal

(Reuters) – Lockheed Martin on Thursday agreed to acquire satellite products maker Terran Orbital in a $450 million deal, months after the defense contractor withdrew it previous bid to take it private. Lockheed will pay 25 cents per share in cash, ...
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China will limit exports of antimony, a mineral used in products from batteries to weapons

BEIJING (AP) — China’s Commerce Ministry announced Thursday that it will restrict exports of a mineral used in a wide range of products from batteries to weapons. Export controls will be placed on antimony starting Sept. 15 to safeguard China’s security and interests and fulfill ...
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Palantir to deploy AI products on Microsoft Azure for U.S. government agencies

(Reuters) – Palantir Technologies said on Thursday it will offer its products, including the Artificial Intelligence Platform (AIP) on Microsoft’s cloud platforms, which cater to the U.S. government and federal agencies such as the Department of Defense. The data analytics ...
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Bio-Techne meets Q4 profit estimates on demand for its diagnostics products

(Reuters) – Bio-Techne reported fourth-quarter profit in line with estimates on Wednesday as growth in the diagnostics and genomics unit offset weakness in its protein sciences unit. The Minnesota-based company posted an adjusted profit of 49 cents per share, meeting ...
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Bio-Techne meets Q4 profit estimates on demand for its diagnostics products

(Reuters) – Bio-Techne reported fourth-quarter profit in line with estimates on Wednesday as growth in the diagnostics and genomics unit offset weakness in its protein sciences unit. The Minnesota-based company posted an adjusted profit of 49 cents per share, meeting ...
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Bio-Rad Labs cuts annual revenue forecast on weak demand for diagnostics products

(Reuters) – Bio-Rad Laboratories cut its annual revenue growth forecast on Thursday, dragged down by weak demand for clinical diagnostics products from biotech clients. Shares of the diagnostics company fell 20% after the bell. Bio-Rad expects its full-year 2024 adjusted revenue ...
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Bio-Rad Labs cuts annual revenue forecast on weak demand for diagnostics products

(Reuters) – Bio-Rad Laboratories cut its annual revenue growth forecast on Thursday, dragged down by weak demand for clinical diagnostics products from biotech clients. Shares of the diagnostics company fell 20% after the bell. Bio-Rad expects its full-year 2024 adjusted revenue ...
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