Technology

Race to launch weight-loss pill heats up as Lilly wins US approval

Eli Lilly on Wednesday became the second company to gain approval for a weight-loss pill, as the multibillion-dollar market shifts toward more convenient oral therapies.

McCormick bets on flavor in $65 billion Unilever tie-up amid shifting tastes

McCormick's merger with Unilever's food business to create a $65 billion sauce-and-spice giant is a bet that access to rising global demand for flavor-rich,

Intel to buy back Apollo stake in Ireland factory for $14.2 billion

Intel said it would spend $14.2 billion to buy back the 49% stake it had sold to Apollo Global Management in its Ireland manufacturing facility, taking full ownership of the plant

Switzerland says cancelling U.S. Patriot missile system order an option

The Swiss government will continue to withhold payments to the United States for a Patriot missile system order until Washington provides binding delivery dates, adding

Peloton wins dismissal of lawsuit claiming it concealed bike rust that heralded big recall

A federal judge dismissed a lawsuit accusing Peloton Interactive of intentionally concealing quality control and safety problems with its exercise

'Long live the movies': Paramount's David Ellison makes big promises to theater owners at CinemaCon

Paramount Skydance CEO David Ellison has promised to release 30 movies a year between Paramount and Warner Bros

Tesla March car registrations soar in key European markets, showing changing trend

New registrations of Tesla cars tripled in France during March to just shy of a two-year-old record high, and more than

SpaceX will host analyst day on April 21, source says

Rocket company SpaceX will host an analyst day on April 21, and will offer analysts a visit to its "Macrohard" xAI datacenter in Memphis, Tennessee two

Italian bill proposes curbs on social media addiction

Italian senators on Wednesday presented a draft law to tackle social media addiction that seeks to increase the responsibility of online platforms for the way content is

From filing to first trade: Inside the US IPO process

Elon Musk's SpaceX confidentially filed for what could be a record-breaking U.S. listing, a person familiar with the matter told Reuters on Wednesday, spotlighting

SpaceX's business and finances: rockets, satellite communications and budding AI

SpaceX is gearing up for a stock market debut that could value it at more than $1.75 trillion, as the Elon Musk-led company reaches for the stars in what could be the

The road to SpaceX's juggernaut IPO

Elon Musk's SpaceX has confidentially filed for its hotly anticipated U.S. initial public offering, a person familiar with the matter told Reuters on Wednesday, taking space

SpaceX seen as make-or-break test for mega IPOs

The global IPO market has needed a win for years and Elon Musk's SpaceX could be the breakthrough.

SpaceX IPO buzz lifts aerospace shares on spillover bets

Shares of aerospace companies jumped on Wednesday as mounting anticipation of a blockbuster IPO from Elon Musk's SpaceX stirred hopes that the industry could see a renewed wave of

Franklin Templeton to acquire CoinFund spinoff to expand crypto push

Investment manager Franklin Templeton said on Wednesday it had agreed to acquire cryptocurrency investment unit 250 Digital, spun out of venture firm CoinFund, as it steps up its

ChatGPT maker OpenAI shifts its focus to business users amid Anthropic pressure

OpenAI executives say they will introduce a new artificial intelligence model for “high-value professional work” as the company faces heightened competition with rival Anthropic in attracting corporate customers to adopt AI assistants in their workplaces

SpaceX’s orbital data centers could face same hurdles as Microsoft’s abandoned undersea project

SpaceX on Wednesday filed for an IPO that Elon Musk says will bankroll an effort to turn the rocket maker into an AI powerhouse, launching up to 1 million

Automakers plan billions in US investments but seek clear trade rules

Global automakers plan billions of dollars in new U.S. investments to boost production and avoid President Donald Trump's tariffs, but

SpaceX files for IPO, sources say, offering investors stake in Musk's space ambitions

Elon Musk's SpaceX has confidentially filed for a U.S. initial public offering, two people familiar with the matter told Reuters on

Microsoft, Chevron and Engine No. 1 sign exclusive deal for power supply

Microsoft, Chevron and investment fund Engine No. 1 have entered into an exclusivity agreement for power generation and supply, the three companies said on Tuesday.

US trade panel to probe Roku, Hisense streaming and display imports for patent violations

The U.S.

Hasbro investigates cybersecurity incident, takes some systems offline

Toymaker Hasbro said on Wednesday it was investigating a cybersecurity incident after identifying unauthorized access to its network on March 28, with help from third-party

Related Digital nears $16 billion financing for Oracle data center, source says

Data center developer Related Digital is closing in on $16 billion of financing for an Oracle data center in Michigan, a source familiar with the matter said on Wednesday. 

Wall Street ends higher on speculation about end to Iran war

Wall Street ended higher on Wednesday, with strong gains in Alphabet and other heavyweights, after U.S.

South Korea's Lee says he seeks to work together with France on AI, nuclear energy

South Korean President Lee Jae Myung said ties with France must go beyond partnership and become a pursuit of strategic collaboration that includes artificial intelligence

Key milestones in NASA's Artemis moon program

NASA's Artemis program is the U.S. effort to return astronauts to the moon for the first time since the Apollo era and eventually establish a sustained human presence there, a goal

Intel looks to put millions more into SambaNova startup chaired by CEO Tan

By Jeffrey Dastin and Max A.

NASA launches first crewed lunar mission in half a century

Four astronauts blasted off from Florida on Wednesday on NASA's Artemis II mission, a high‑stakes 10-day trip around the moon that marks

Sam Altman's sister amends lawsuit accusing OpenAI CEO of sexual abuse

Sam Altman's sister amended her civil lawsuit accusing the OpenAI chief executive of sexually abusing her more than two decades ago, after the judge said she

Europe has 'maybe 6 weeks of jet fuel left,' energy agency head warns

The head of the International Energy Agency has warned that Europe has about six weeks of jet fuel left

AI is a gold mine for spammers and scammers, but Google is using it as a tool to fight back

Artificial intelligence is playing a big role in creating online spam and scams — but also in combatting it

Singapore charges one more individual with AI chip fraud 

Singapore prosecutors charged one more person with fraud on Thursday for making false representations to U.S. server supplier Dell Technologies, linking

NASA launches four astronauts on world's first crewed lunar mission in half a century

Four astronauts blasted off from Florida on Wednesday on NASA's Artemis II mission, a high-stakes voyage around the moon

China says it supports law-abiding transnational deals after reports of Meta deal review

The Chinese government supports companies with transnational operations and technology cooperation deals according to needs and the law, commerce ministry spokesperson He

Light at last for Hong Kong's Central office market after 7-year slump

Hong Kong's Grade-A office market in the city's financial core is finally hitting a floor after nearly seven years of decline, buoyed by a roaring capital

Libya's Haftar acquires combat drones despite UN embargo

Eastern Libya's military leader, Khalifa Haftar, has acquired what appear to be Chinese and Turkish combat drones,

Automakers unveil new EVs for US market despite sales downturn

Major automakers unveiled new electric vehicles at the New York Auto Show on Wednesday, despite lagging consumer demand and a sharp

Sweden to buy air defence systems for 8.7 billion crowns, defence minister says

Sweden will buy air defence and anti-drone systems worth 8.7 billion Swedish crowns ($916 million) from among others Saab and BAE Systems, the

Amazon eyes $9 billion Globalstar deal to rival SpaceX's Starlink, FT reports

Amazon is in talks to buy satellite telecom group Globalstar as it ramps up efforts to build its own low-earth-orbit satellite business to rival SpaceX's Starlink, the Financial

Russian nuclear missile forces hold drills in Siberia

Russian strategic missile forces have conducted drills in Siberia involving camouflaged movements of Yars intercontinental ballistic missiles that are capable of delivering

Tesla's China-made EV sales rise for second straight quarter

Tesla's China-made electric vehicle sales rose for a second consecutive quarter, holding up despite intensifying competition as the U.S. automaker broadened its focus

QVC prepares for bankruptcy protection in the era of influencers, TikTok and Temu

The owner of home shopping network pioneer QVC _ which for years garnered the attention of millions of TV viewers looking for a deal on baubles and housewares, is planning to file for Chapter 11 bankruptcy protection

Paramedics can now give blood on scene. It's transforming trauma care.

Paramedics can now give blood on scene. It's transforming trauma care.

Stellantis, Microsoft sign five-year partnership for AI push

Stellantis and Microsoft said on Thursday they agreed to a five‑year strategic partnership to co-develop artificial intelligence (AI), cybersecurity and engineering

Israel's El Al to buy up to 12 more Boeing 787s for $1.5 billion

El Al Israel Airlines said on Thursday it would buy up to 12 more 787 Dreamliner aircraft from Boeing in a deal worth $1.5 billion, taking advantage of

Boeing hiring more than 100 factory workers a week to boost output, replace retirees

Boeing is hiring around 100 to 140 factory workers a week, the highest pace since 2024, as the U.S. jetmaker replaces retirees and

How the US could clear mines from the Strait of Hormuz

As the United States embarks on clearing mines from the Strait of Hormuz, it could draw on an arsenal of drones, explosive‑laden robots and helicopters to

Google, Pentagon discuss classified AI deal, the Information reports

Alphabet's Google is negotiating an agreement with the Department of Defense that would allow the Pentagon to deploy its Gemini AI models in classified settings, the Information

Switch off and read, France's Macron tells teenagers

French President Emmanuel Macron urged high school pupils on Thursday to switch off their phones and read,

Two Americans sentenced to prison for North Korean tech worker scheme

Two Americans sentenced to prison for North Korean tech worker scheme

TPG invests $100 million in student mobility company Zum

Private equity firm TPG has made a $100 million investment in Zum, in a deal that values the student transportation company at around $1.7 billion

Starlink user growth accelerates as SpaceX eyes public market debut, report says

Starlink, the satellite internet unit of Elon Musk's SpaceX, is seeing a surge in global user growth and app downloads, market research firm Apptopia said in a report,

Charles Schwab posts record quarterly profit, set to launch spot crypto trading

Brokerage Charles Schwab on Thursday posted record first-quarter profit on the back of robust client growth and trading activity and said it would roll out spot crypto trading in

U.S. lawmakers scale back bill targeting Chinese chipmaking

A U.S. bill to keep more chipmaking equipment from China has been scaled back, according to the latest version seen by Reuters, but still includes a

AmEx to buy Altman-backed Hyper in push for AI-powered expense tools

Credit card giant American Express said on Thursday it would buy Hyper, an artificial intelligence-focused expense management startup backed by OpenAI Chief Executive Sam Altman.

Boeing unveils satellite platform, targets 26 deliveries in 2026

Boeing and its unit Millennium Space Systems are working together to expand production capacity and launch a new satellite platform as they look to fulfill a growing backlog of

Meta to raise Quest VR headset prices in US on rising component costs

Meta Platforms said on Thursday it would increase the prices of its virtual reality headsets from April 19 in the United States due to rising costs of memory chips.

Myseum takes flight after Allbirds in fresh AI rebrand wave 

A day after footwear maker Allbirds rose 582% on its plan to "pivot its business to AI compute infrastructure," social media firm Myseum was up 146% early on

Abbott trims 2026 profit forecast on Exact deal hit, shares fall

Abbott cut its annual profit forecast on Thursday due to an impact from its $23 billion acquisition of cancer test maker Exact Sciences,

Gucci-owner Kering aims to launch luxury Google glasses next year, CEO says

Kering aims to launch smart glasses under the Gucci brand in partnership with Google next year, CEO Luca de Meo told Reuters, becoming

Goldman Sachs completes Innovator Capital acquisition, lifting ETF assets to $90 billion

Goldman Sachs said on Thursday it has completed the acquisition of active exchange-traded fund provider Innovator Capital Management, expanding the Wall Street bank's presence in

Wall Street sees multi-billion dollar debut for Lilly's obesity pill despite Novo lead

Eli Lilly's newly approved weight-loss pill is expected to generate billions in sales as soon as this year, with analysts betting it will quickly narrow Novo

Russia will ask US and Israel to cease fire while it evacuates staff from Iranian nuclear plant, RIA reports

Russia will ask the United States and Israel to ensure a ceasefire while it evacuates more Russian staff from the Bushehr nuclear power plant in Iran, RIA news agency

Reactions as Artemis II astronauts lift off on historic lunar mission

Four astronauts blasted off from Florida on Wednesday on NASA's Artemis II mission, a 10-day trip around the moon that would be the farthest humans have ever traveled and a major

Rivian beats quarterly delivery estimates as EV demand stabilizes

Rivian Automotive exceeded analysts' expectations for first-quarter vehicle deliveries, indicating stabilized demand for its SUVs and R1T pickup trucks

Tesla deliveries mark weakest quarter in a year, inventory swells

Tesla kicked off 2026 with its weakest quarterly deliveries in a year, missing Wall Street expectations as fading U.S. incentives and intensifying global

Netflix searches for franchises after losing out on Harry Potter

After losing its bid for Warner Bros

Australia's regulator says ASX favoured shareholder returns over system resilience

The Australian Securities Exchange has an 'insular and defensive' culture that prioritised delivering higher shareholder returns over ensuring critical market

Amazon must negotiate with Staten Island warehouse workers, NLRB says

Amazon must negotiate with a labor union representing some 5,000 workers at a company warehouse on Staten Island, the National Labor Relations

SpaceX has held talks with Saudi fund for possible $5 billion investment in IPO, sources say

Billionaire Elon Musk’s SpaceX has had discussions with Saudi Arabia’s Public Investment Fund about PIF potentially taking an anchor stake

Coinbase gets conditional US approval for trust charter

Coinbase Global has received conditional approval from banking regulators for a national trust company charter, it said on Thursday, a move that could boost the top U.S.

OpenAI acquires technology talk show TBPN in surprise move

OpenAI, jostling with Anthropic for enterprise customers, has bought TBPN, an online tech talk show that has built a loyal Silicon Valley following through interviews with industry

Blue Owl limits withdrawals from two funds after historic surge in redemption requests

Blue Owl told investors Thursday that it is limiting withdrawals from two of its funds after a historic level of redemption requests came in for the first

Broadcom taps Alphabet executive Amie Thuener as next CFO

U.S. chip designer Broadcom on Thursday named Alphabet executive Amie Thuener as its next finance chief, effective June 12, when incumbent Kirsten Spears retires.

Zelenskiy offers Ukraine's maritime expertise with Strait of Hormuz

President Volodymyr Zelenskiy on Thursday offered to provide Ukraine's expertise in dealing with freedom of navigation in the Black Sea to countries considering how to keep the

Ahead of Greek social media ban, parents desperate to separate children from phones

Greek mother Georgia Efstathiou has tried everything to loosen the grip that social media has on her 14-year-old son: heart-to-

SpaceX targets more than $2 trillion valuation in IPO, Bloomberg News reports

Elon Musk's SpaceX boosted its target IPO valuation above $2 trillion, Bloomberg News reported on Thursday, citing people familiar with the matter, setting the stage for what could

Brazil's Braskem boosted by petrochemical prices, but debt problem looms

Rising petrochemical prices have buoyed the long-term prospects for Brazil's Braskem, even as the company is racing against the clock to deal with

Brazil's Embraer posts 47% increase in first-quarter deliveries

Brazilian planemaker Embraer delivered 44 aircraft in the first quarter, up 47% from the same period last year, it said in a securities filing on Thursday.

Tesla eyes Japan's top imported-car spot as it expands store, service network

Tesla plans to expand in Japan to at least 60 stores as it seeks to become the country's biggest imported car brand by as early as next year, the head of its Japan business

Microsoft to invest $10 billion in Japan for AI and cyber defence expansion

Microsoft on Friday said it will invest 1.6 trillion yen ($10 billion) in Japan between 2026 and 2029 to expand artificial intelligence infrastructure and strengthen

US targets Chinese chipmaking with proposed export restrictions on ASML and others

A cross-party group of U.S. politicians have proposed a law to impose further restrictions on exports of computer chipmaking equipment to China,

Moscow shoppers and travellers hit by payment system problem

A problem with payment systems sowed chaos on Friday for some Russian shoppers, forcing the turnstiles on the Moscow metro to allow people to enter without payment and even

North American farmers pinch pennies on farm machinery as profitless growing season approaches

Farm machinery salespeople are wrapping up a dismal season of farm shows across North America as farmers gear up for spring planting without much

Trump administration proposes expanding Chinese tech gear crackdown

The Federal Communications Commission on Friday proposed to ban the import of Chinese equipment from a group of manufacturers after previously

United Airlines to introduce tiered fare categories for premium cabins

United Airlines said on Friday that it plans to introduce a new tiered fare structure in premium cabins starting this year.

South Korea, France agree to deepen defence and energy ties amid Middle East conflict

South Korean President Lee Jae Myung and

French Open prize money up 10% to $72 million overall

French Open prize money has increased by about 10% for an overall pot of 61.7 million euros ($72.1 million)

Chinese Politburo member Ma Xingrui under investigation by anti-graft watchdog

Ma Xingrui, a member of China's elite Politburo who had risen rapidly through the ranks after working as a rocket scientist, is under investigation over suspected "serious

DeepSeek's V4 model will run on Huawei chips, The Information reports

China's DeepSeek's new model called V4 will run on the latest chips designed by Huawei Technologies, U.S. digital news outlet The Information reported on Friday.

Simple ways to make meetings work better for employees on the autism spectrum

Employees on the autism spectrum and employers that want to embrace neurodiversity can make work environments more welcoming for people who may struggle with job-related social interactions

Musk asks SpaceX IPO banks to buy Grok AI subscriptions, NYT reports

Elon Musk is requiring banks and other advisers working on SpaceX’s planned IPO to buy subscriptions to Grok, his artificial intelligence chatbot, the New York Times reported on

China moves to regulate digital humans, bans addictive services for children

China's cyberspace regulator issued draft regulations on Friday to oversee the development online of digital humans, requiring clear labelling and banning services that

SpaceX delays next Starship test launch by a month, Musk says

SpaceX CEO Elon Musk said on Friday that the company's next Starship test flight will take place in May and not April as originally scheduled.

Consumer megadeals make a rare comeback in the first quarter

Two blockbuster mergers involving U.S. food companies, struck within 24 hours, gatecrashed the ranks of the biggest global transactions of the

Telegram's Durov says Russia triggered payment system problem by blocking VPNs

Telegram founder Pavel Durov said on Saturday Russia's attempt to block Virtual Private Networks triggered a problem with a domestic payment system, adding that tens of

Lucid misses first-quarter vehicle delivery estimates on supplier disruptions

Lucid Group missed expectations for first-quarter vehicle deliveries on Friday, hurt by a temporary sales halt and recall tied to an unauthorized supplier change.

Cyberattack targeted Italy's Uffizi but nothing stolen, museum says

Florence's Uffizi Galleries said on Friday they had been hit by a cyberattack earlier this year, but denied a newspaper report that the incident caused a major security

Russia evacuates 198 more staff from Iran's Bushehr nuclear plant, agencies report

Russia's state nuclear company Rosatom evacuated a further 198 of its staff from Iran's Bushehr nuclear power plant on Saturday, Russian news agencies reported.

Foxconn first-quarter revenue jumps, company cautions on geopolitics

Taiwan's Foxconn, the world's largest contract electronics maker, reported a 29.7% on-year rise in first-quarter revenue on strong demand for artificial intelligence

Two more detained over arson attack on Czech defence factory

Authorities detained two more people in connection with the arson attack on a Czech optics and drone factory last month, Czech police and a public prosecutor's office said

Satellite firm Planet Labs to indefinitely withhold Iran war images

Satellite imaging firm Planet Labs said on Saturday it will indefinitely withhold visuals of Iran and the region of conflict in the Middle East to

Britain woos Anthropic expansion after US defence clash, FT says

Britain is trying to tempt Anthropic to expand its presence in the country, as it seeks to capitalise on a fight between the maker of artificial intelligence app Claude and the U.S

Samsung Elec likely to report stupendous surge in quarterly profit to record level

Samsung Electronics, benefiting from red-hot chip prices stoked by the AI boom, is expected to book a six-fold jump in operating profit for January-March - a

Iran accuses UN nuclear watchdog of inaction, warns of risk from attacks

Inaction by the UN nuclear watchdog "emboldens aggression" against nuclear facilities such as the Bushehr power plant, Iran's atomic energy chief Mohammad Eslami said on

North Korea working on carbon-fibre ICBM for multi-warhead delivery, Seoul says

North Korea's test of a solid-fuel rocket engine is intended for intercontinental ballistic missiles (ICBM) built with carbon fibre to extend range and allow for delivery of

IAEA confirms impact of recent strikes near Iran's Bushehr nuclear power plant

The International Atomic Energy Agency on Monday said it can confirm recent impacts of military strikes close to Iran's Bushehr nuclear power plant, but said that the plant itself

US nuclear power regulator phases out agency-led commando drills at plants

The U.S. nuclear power regulator voted last week to phase out agency-led security

Neurocrine expands into metabolic diseases with $2.9 billion Soleno buyout

Neurocrine Biosciences will acquire rare-disease drugmaker Soleno Therapeutics for $2.9 billion in cash, the companies said on Monday, marking the neuroscience-

Goldman Sachs' private credit fund defies sector-wide spike in redemptions

Goldman Sachs' private credit fund disclosed on Monday that investors sought to repurchase just under 5% of shares in the first quarter, setting it

Astronomers measure the mind-blowing power and speed of black hole jets for the first time

Scientists for the first time have measured the instantaneous mind-blowing power of jets blasting from a black hole

Larry Gies' Madison Air targets $13.2 billion valuation in US IPO

Ventilation and filtration systems provider Madison Air Solutions said on Monday it was targeting a valuation of up to $13.2 billion in its U.S. initial

Car site Edmunds tests a Chinese SUV, says it should worry US automakers

Popular car-shopping website Edmunds put a Chinese vehicle through a series of

Oracle hires Schneider Electric's Maxson as CFO amid AI spending boom

Oracle on Monday named Hilary Maxson as its chief financial officer, tapping an executive with deep experience in infrastructure and energy as it ramps up

Health information delivered as a video game can bridge the communication gap between patients and providers

By letting people make choices and experience the outcomes of those choices, gaming provides a much more hands-on way of learning about health.

Investors press Amazon, Microsoft and Google on water, power use in US data centers

New Jersey cannot regulate Kalshi's prediction market, US appeals court rules

A federal appeals court ruled on Monday that New Jersey gaming regulators cannot prevent Kalshi from allowing people in the state to use its prediction market to

Maker of Stanley tumblers prevails in lawsuit over lead scare

A federal judge dismissed a proposed class-action lawsuit accusing the maker of Stanley tumblers of concealing that the popular water bottles contained lead.

Ukraine missile maker targets 'game changer' air defence system by 2027

Fire Point, maker of Ukraine's Flamingo cruise missile, is in talks with European companies to launch a new air defence system by next year, a senior

Nvidia acquisition of SchedMD sparks worry among AI specialists about software access

By Max A.

US ends probe into Tesla remote driving feature after software updates

The U.S.

Washington DC’s 240 million-gallon sewage spill is a symptom of nationwide trouble

The largest sewage spill in US history wasn’t the first, and it won’t be the last.

HVAC firm Madison Air raises $2.2 billion in US IPO

Indoor air systems provider Madison Air Solutions said on Wednesday it had raised $2.23 billion in the biggest U.S. initial public offering so far this year.

Aerospace parts maker Arxis raises $1.13 billion in US IPO

Aerospace parts maker Arxis said on Wednesday it raised $1.13 billion in its U.S. initial public offering after pricing shares at $28 each.