(Reuters) -Novo Nordisk said on Tuesday the U.S. FDA has approved its blockbuster drug Ozempic to lower the risk of progression of chronic kidney disease and the organ’s failure, and death due to heart problems in adults with type 2 diabetes. Ozempic belongs to a class of drugs known as GLP-1 receptor agonists and has…
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Monday’s massive selloff in AI-darling Nvidia’s shares did little to blunt options traders’ enthusiasm for the chipmaker’s shares, with traders quick to pile back into bullish Nvidia contracts as the stock recovered on Tuesday. Nvidia shares slumped about 17% or close to $593 billion in market value…
By Will Dunham WASHINGTON (Reuters) – Atomic scientists on Tuesday moved their “Doomsday Clock” closer to midnight than ever before, citing Russian nuclear threats amid its invasion of Ukraine, tensions in other world hot spots, military applications of artificial intelligence and climate change as factors underlying the risks of global catastrophe. The Bulletin of the…
By Shashwat Chauhan (Reuters) – Short sellers of artificial intelligence-related stocks raked in bumper profits after the smashing debut of low-cost AI models from China’s DeepSeek spooked Wall Street, with bets against Nvidia yielding record profits totaling more than $6 billion. Traders betting against AI-darling Nvidia earned profits of about $6.6 billion – the biggest…
By Marie Mannes, Christina Amann and Emma-Victoria Farr STOCKHOLM/BERLIN/FRANKFURT (Reuters) – Northvolt asked more than 100 shareholders at a meeting this month to provide $1.29 billion over the next two years to help restore the bankrupt Swedish battery maker’s business, two sources familiar with the matter told Reuters. Considered Europe’s best shot at a home-grown…
By Stephen Nellis (Reuters) – Helion, a startup working to generate electricity from nuclear fusion, on Tuesday said it has raised $425 million in venture funding from a group of investors including SoftBank Group’s Vision Fund 2. The Everett, Washington-based Helion said the funding will help it speed up the development of its next generation…
By Tom Polansek and Juveria Tabassum (Reuters) – Smithfield Foods does not plan to close more U.S. pork processing plants, Chief Executive Shane Smith said on Tuesday, as the company returned to a U.S. exchange after more than a decade in a spinoff by Hong Kong-based WH Group. The biggest U.S. pork processor also is…
NEW YORK (Reuters) – Lamb Weston shareholders love the French fry maker’s products but are unhappy with management, activist investor Jana Partners told the company’s board on Monday, signaling that it may launch a board fight later this year. The investment firm, which owns more than 5% of the roughly $9 billion company, polled Lamb…
WASHINGTON (Reuters) -The Justice Department is firing more than a dozen officials who worked on Special Counsel Jack Smith’s cases against President Donald Trump on charges of trying to overturn his 2020 election defeat and mishandling of classified documents, Fox News reported on Monday. The officials were fired after Acting Attorney General James McHenry said…
NEW YORK/LONDON (Reuters) -Technology shares around the world slid on Monday as a surge in popularity of a Chinese discount artificial intelligence model shook investors’ faith in the AI sector’s voracious demand for high-tech chips. Startup DeepSeek has rolled out a free assistant it says uses lower-cost chips and less data, seemingly challenging a widespread…
