By Sriparna Roy (Reuters) – Eli Lilly is betting big on its experimental oral weight-loss drug even before reporting data from its late-stage trial by recording nearly $550 million in “pre-launch inventory” in its financial statements, a filing showed on Wednesday. The move is unusual as it comes more than a year before the drug,…
By David Shepardson WASHINGTON (Reuters) -Personnel from Elon Musk’s government downsizing team DOGE will make additional visits to Federal Aviation Administration facilities as they assist in efforts to modernize U.S. national airspace, the acting head of the agency said on Wednesday. Acting FAA Administrator Chris Rocheleau said the DOGE team — which visited the Air…
By Howard Schneider and Ann Saphir WASHINGTON (Reuters) -President Donald Trump’s initial policy proposals raised concern at the Federal Reserve about higher inflation, with firms telling the U.S. central bank they generally expected to raise prices to pass through the cost of import tariffs, policymakers said at a meeting held about a week after Trump’s…
By Saqib Iqbal Ahmed NEW YORK (Reuters) – U.S.-listed exchange-traded funds focused on China have drawn bullish options flows as the emergence of artificial intelligence startup DeepSeek brightens the outlook for Chinese tech shares, and tariff-related news seemed less threatening than before. Traders have been loading up in recent weeks on bullish options on the…
(Reuters) – Amazon said it would stop support for its unified communications service, Chime, next year and will not accept new customers beginning Wednesday. Amazon employees have long used Chime, which lets users meet, chat and place business calls inside and outside the organization, as a preferred service for video calls. “After careful consideration, we…
By Sara Merken (Reuters) – U.S. personal injury law firm Morgan & Morgan sent an urgent email this month to its more than 1,000 lawyers: Artificial intelligence can invent fake case law, and using made-up information in a court filing could get you fired. A federal judge in Wyoming had just threatened to sanction two…
(Reuters) – Thinking Machines Lab, an AI startup founded by former OpenAI chief technology officer Mira Murati, has tapped about 30 leading researchers and engineers from competitors such as OpenAI, Meta and Mistral, it said in a blog post on Tuesday. The startup said it would also focus on making artificial intelligence systems and products…
By Nora Eckert DETROIT (Reuters) – About half the middle managers at Ford Motor will not get stock bonuses this year in what is seen internally as CEO Jim Farley’s latest attempt to cut the automaker’s bloated costs, according to six people familiar with the matter. The stock awards are usually paid in March, but senior…
By Pete Schroeder, Nathan Layne and Joey Roulette WASHINGTON – President Donald Trump’s administration targeted bank regulators, rocket scientists and tax enforcers on Tuesday as it sought to fire thousands more federal employees in an unprecedented assault on the U.S. civil service. With tax-filing season underway, senior officials at the Internal Revenue Service identified 7,500…
By Steven Scheer TEL AVIV (Reuters) – Israel’s economy posted scant growth in 2024, with the war in Gaza against Palestinian Islamist group Hamas taking a toll on investment and exports, but growth is expected to bounce back this year following ceasefire deals. Gross Domestic Product grew 1% last year to $565 billion, sustained mainly…
