(Reuters) -Private equity group Advent International said on Sunday it has agreed to take over Switzerland’s U-Blox Holding in a cash offer worth some 1.05 billion Swiss francs ($1.30 billion). Advent said its public tender offer for U-Blox’s shares would be carried out by its indirect subsidiary ZI Zenith. The 135 Swiss francs per share…
(Reuters) -The U.S. Food and Drug Administration on Thursday announced a new program to speed up construction and review of drug manufacturing plants in the country to boost domestic drug supply. The program, called FDA PreCheck, aims to streamline review of domestic pharmaceutical plants and eliminate unnecessary regulatory requirements, in line with President Donald Trump’s…
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By Emma-Victoria Farr and Amy-Jo Crowley LONDON (Reuters) – Global dealmaking has reached $2.6 trillion, the highest for the first seven months of the year since the 2021 pandemic-era peak, as a quest for growth in corporate boardrooms and the impact of a surge in AI activity has overcome the uncertainty caused by U.S. tariffs….
(Reuters) -Israeli contract chipmaker Tower Semiconductor forecast third-quarter revenue above Wall Street expectations on Monday, driven by steady demand for its chips used in the automotive and industrial markets. The company’s U.S.-listed shares were up 5% in early trading. Tower Semiconductor has also seen higher demand for its advanced chip technologies used in optical fiber…
By Laila Kearney NEW YORK, August 4 (Reuters) -Google has signed agreements with two U.S. electric utilities to reduce its AI data center power consumption during times of surging demand on the grid, the company said on Monday, as energy-intensive AI use outpaces power supplies. Utilities in the country have been inundated with requests for…
By Max A. Cherney SAN FRANCISCO (Reuters) -Broadcom’s silicon division launched its next-generation Jericho networking chip on Monday, which is designed to connect data centers over 60 miles (96.5 km) apart and speed artificial intelligence computation. The company’s Jericho4 introduces and improves several features that increase the amount of networking traffic speeding across large networks…
By Karen Freifeld and Alexandra Alper (Reuters) -Thousands of license applications by U.S. companies to export goods and technology around the globe, including to China, are in limbo because turmoil at the agency in charge of approving them has left it nearly paralyzed, two sources said. While U.S. Commerce Secretary Howard Lutnick has become a…
By Michael S. Derby (Reuters) -The Federal Reserve said Friday that Governor Adriana Kugler is resigning early from her term and will exit the central bank on Aug. 8, potentially shaking up what was already a fractious succession process for Fed leadership amid difficult relations with President Donald Trump. The Fed said in a statement…
August 1 (Reuters) -Ford is recalling 312,120 vehicles in the U.S. as loss of power brake assist while driving can extend stopping distance and increase the risk of a crash, the U.S. National Highway Traffic Safety Administration said on Friday. The recall affects certain 2025 Lincoln Navigator, F-150, Expedition, Bronco, and Ranger vehicles. The agency…
