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US defense contractor tells Musk panel that Pentagon bureaucracy is the problem

Wall St WarriorJanuary 15, 20250

By Mike Stone WASHINGTON (Reuters) – The CEO of one of the world’s biggest defense contractors, L3Harris Technologies, told President-elect…

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Apple, Amazon fight off $600 million UK lawsuit over alleged ‘collusion’

Wall St WarriorJanuary 14, 20250

LONDON (Reuters) – Apple and Amazon have successfully fought off a mass lawsuit in Britain over alleged collusion between the…

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Over half a million ‘TikTok refugees’ flock to China’s RedNote 

Wall St WarriorJanuary 14, 20250

By Eduardo Baptista, Katie Paul and Krystal Hu (Reuters) – New users have piled in to Chinese social media app…

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Microsoft halts hiring in US consulting unit as cost-cutting measure, CNBC reports

Wall St WarriorJanuary 14, 20250

(Reuters) – Microsoft is planning to halt hiring in part of its consulting business in the U.S. in a bid…

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Wall Street bankers say merger outlook has already jumped in 2025

Wall St WarriorJanuary 14, 20250

By Nupur Anand MIAMI (Reuters) – Wall Street bankers are already upbeat about a revival in mergers and acquisitions this…

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Lilly shares on track for worst day since 2021 after downbeat Zepbound sales forecast

Wall St WarriorJanuary 14, 2025January 14, 20250

By Bhanvi Satija and Patrick Wingrove (Reuters) -Eli Lilly’s stock tumbled 8% on Tuesday after it forecast fourth-quarter sales of…

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US FTC finds major pharmacy benefit managers inflated drug prices for $7.3 billion gain

Wall St WarriorJanuary 14, 2025January 14, 20250

By Ahmed Aboulenein and Amina Niasse WASHINGTON (Reuters) -The nation’s three largest pharmacy benefit managers have significantly marked up the…

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OpenAI rolls out assistant-like feature ‘Tasks’ to take on Alexa, Siri

Wall St WarriorJanuary 14, 2025January 14, 20250

(Reuters) – Generative artificial intelligence bellwether OpenAI said on Tuesday that it is introducing a beta feature called Tasks to…

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Musk, Bezos and Zuckerberg to attend Trump’s inauguration

Wall St WarriorJanuary 14, 2025January 14, 20250

By Jarrett Renshaw WASHINGTON (Reuters) -Tech CEOs Elon Musk, Jeff Bezos and Mark Zuckerberg will attend U.S. President-elect Donald Trump’s…

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Eli Lilly to buy Scorpion Therapeutics’ cancer therapy for up to $2.5 billion

Wall St WarriorJanuary 13, 20250

(Reuters) -Eli Lilly said on Monday it plans to buy Scorpion Therapeutics’ experimental cancer therapy for up to $2.5 billion…

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