By Patrick Wingrove and Maggie Fick (Reuters) -As Denmark’s Novo Nordisk shops for its next CEO to replace Lars Fruergaard Jorgensen, it should look across the Atlantic for a leader deeply entrenched in the United States, by far its largest market, analysts told Reuters. Novo, which manufactures the popular weight-loss drug Wegovy, said on Friday…
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By Nichola Groom (Reuters) -Companies that put solar panels on U.S. homes say a Republican budget bill advanced in Congress this week would deal a massive blow to the industry by eliminating a generous subsidy for homeowners that had buttressed the industry’s growth. The bill would scrap a 30% federal credit for taxpayers who put…
(Reuters) -UnitedHealth Group shares fell nearly 7% in premarket trading on Thursday, after the Wall Street Journal reported that the U.S. Department of Justice was investigating the company for potential Medicare fraud. The latest news adds to the health insurer’s litany of woes, including multiple government inquiries, a sudden change in top leadership and a…
ROME (Reuters) – Stellantis Chairman John Elkann on Thursday denied there was any truth to rumours that the company is in merger talks with fellow European automaker Renault. “We are not discussing any merger,” Elkann said at the FT Future of the Car Summit in London, speaking in a panel discussion with Renault CEO Luca…
Market Briefing As we head into the back half of May, traders are juggling a mix of macro catalysts and sector-specific stories. CPI data gave some signs of cooling, but the market remains uncertain about the Fed’s next steps. Tech is showing resilience, energy is holding ground, and retail earnings are delivering mixed signals. This…
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By Foo Yun Chee BRUSSELS (Reuters) – Microsoft is set to stave off a possible hefty antitrust fine as EU regulators are likely to accept an offer on its Office and Teams products, three people familiar with the matter said on Wednesday, amid tensions with the United States over the EU’s scrutiny of Big Tech….
By Raphael Satter WASHINGTON (Reuters) -Alphabet’s Google said hackers responsible for paralyzing disruptions of UK retailers are turning their attention to similar companies in the United States. “US retailers should take note. These actors are aggressive, creative, and particularly effective at circumventing mature security programs,” John Hultquist, an analyst at Google’s cybersecurity arm, said in…
By Luciana Magalhaes SAO PAULO (Reuters) -Uber Technologies Inc and iFood, a Brazilian food delivery app, on Wednesday announced a strategic partnership in Brazil, where delivery and ride-hailing services have grown rapidly in recent years. Under the collaboration, iFood users will be able to book Uber rides directly from the iFood app, while Uber users…
