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Speculators turn net long on yen for first time since February
6+ hour, 36+ min ago (148+ words) TOKYO, Sept 13 (Reuters) – Speculators turned to a net long position on the yen for the first time since February, data showed late on Friday, a display of growing momentum behind Japan’s beleaguered currency. The yen has surged this month on…...
OpenAI IPO will not happen in 2026 amid AI safety fears, Altman says
13+ hour, 5+ min ago (387+ words) “I actually think that, given everything happening with safety, right now would be an ill-advised moment to go public, and we don’t feel pressure on that,” Altman told Fortune. Growing numbers of U.S. lawmakers are calling for new rules…...
Boeing and engineers’ union reach tentative contract agreement
1+ day, 9+ hour ago (66+ words) SEATTLE, Sept 11 (Reuters) - Boeing and its engineering union reached a tentative contract agreement on Friday, union officials said. (Reporting by Dan Catchpole in Seattle; Editing by Tom Hogue)... Boeing and engineers’ union reach tentative contract agreement SEATTLE, Sept 11 (Reuters) – Boeing…...
Exclusive-Nvidia in talks to invest in Anthropic’s mega IPO, sources say
1+ day, 10+ hour ago (315+ words) By Krystal Hu and Milana Vinn Sept 11 (Reuters) – Anthropic is in talks to bring Nvidia as an anchor investor into what could be the largest IPO in history, two people familiar with the matter told Reuters. Anthropic is seeking to…...
Apollo Global in talks to acquire J&J’s orthopedics unit, Bloomberg News reports
1+ day, 10+ hour ago (147+ words) Sept 11 (Reuters) – Apollo Global Management is in talks to acquire Johnson & Johnson’s orthopedics unit in a deal that could value it at close to $20 billion, Bloomberg News reported on Friday, citing sources. Several private equity firms are interested to potentially…...
US FDA approves Scholar Rock’s muscle weakness drug
1+ day, 12+ hour ago (80+ words) Sept 11 (Reuters) - The U.S. Food and Drug Administration on Friday approved Scholar Rock's therapy to treat a rare genetic condition that causes muscle weakness. (Reporting by Sneha S K in Bengaluru; Editing by Tasim Zahid)... US FDA approves Scholar…...
JPMorgan cut off Situational Awareness lending after AI losses, FT reports
1+ day, 12+ hour ago (87+ words) Sept 11 (Reuters) - JPMorgan Chase cut off its lending activity for Leopold Aschenbrenner's hedge fund Situational Awareness after large losses tied to his AI bets, the Financial Times reported on Friday. (Reporting by Utkarsh Shetti... JPMorgan cut off Situational Awareness lending…...
Astrazeneca’s breast cancer drug fails late-stage trial
1+ day, 12+ hour ago (77+ words) Sept 11 (Reuters) - AstraZeneca said on Friday its breast cancer drug failed to meet the main goal of improving progression-free survival during a late-stage trial. (Reporting by Christy Santhosh in Bengaluru; Editing by Tasim Zah... Astrazeneca’s breast cancer drug fails late-stage…...
Zara owner Inditex looks to US for next phase of growth
2+ day, 3+ hour ago (567+ words) LONDON, Sept 11 (Reuters) – Fast fashion giant Inditex is investing in the United States as a key growth market, CEO Oscar Garcia Maceiras told Reuters, as the Zara owner opens new stores and revamps existing outlets to woo more aspirational shoppers....
France’s economy not a catastrophe but deficit must be reduced, France’s Moulin says
2+ day, 2+ hour ago (139+ words) PARIS, Sept 11 (Reuters) – Emmanuel Moulin, France’s central bank chief, said on Friday that France was not in catastrophic economic danger but the government must act to reduce the country’s public deficit. Moulin, speaking to RTL radio, was speaking after INSEE…...