By Dawn Chmielewski and Lisa Richwine (Reuters) -Walt Disney Co sued Florida Republican Governor Ron DeSantis on Wednesday, asking a court to overturn state efforts to control Disney World and intensifying a battle between a global entertainment giant and a likely White House contender. In its lawsuit, Disney accused DeSantis and his supporters of illegally…
By Katie Paul and Akash Sriram (Reuters) -Meta Platforms Inc CEO Mark Zuckerberg said on Wednesday that AI was helping the company boost traffic to Facebook and Instagram and earn more in ad sales, as it forecast quarterly revenue well above analyst expectations. Meta shares surged 12% in after hours trading, adding over $50 billion…
(Reuters) -Bristol Myers Squibb Co said on Wednesday CEO Giovanni Caforio will step down in November and be succeeded by Chief Commercialization Officer Christopher Boerner. Boerner, who has been CCO since 2018, was named chief operating officer until he takes the top job. He joined the company in 2015 and previously served in leadership roles…
(Reuters) -The U.S. health regulator on Wednesday approved Seres Therapeutics Inc’s pill for treating a type of bacterial infection, giving an easier and standardized option to patients who often have to rely on individual donors for fecal transplants. The drug, branded as Vowst, was approved for treating 18 years and older for recurrent Clostridioides difficile…
By Jacqueline Thomsen (Reuters) – Former U.S. appeals court judge and prominent conservative J. Michael Luttig on Wednesday said he believes U.S. Supreme Court justices should “be bound by higher standards of conduct” than lower-ranked federal judges, adding to calls for tighter high court ethics rules. “It’s the titular head of the judicial branch of…
By Trevor Hunnicutt and Nandita Bose WASHINGTON (Reuters) -U.S. President Joe Biden suggested on Wednesday that he could defeat Donald Trump again in a 2024 rematch, and warned the former Republican president was a threat to the country. One day after launching his re-election bid, Biden marked the occasion not on the campaign trail but…
By Stephen Nellis SANTA CLARA, California (Reuters) – Taiwan Semiconductor Manufacturing Co on Wednesday said it will release new software this year to help customers working on advanced computer chips for cars take advantage of its newest technologies more quickly. TSMC is the world’s biggest contract manufacturer of semiconductors. Many of the automotive industry’s biggest…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. The top-tier Asian economic data cupboard on Thursday is bare, meaning regional markets will probably feed off U.S. earnings, banking sector woes, debt ceiling developments and geopolitical events for direction. From a corporate perspective, Wall Street this week…
By Mimosa Spencer NEW YORK (Reuters) – Tiffany & Co. lifted the lid on its newly renovated New York city flagship on Wednesday, the centerpiece of a broad brand reset orchestrated by its owner, the world’s biggest luxury group LVMH. “Wonder Woman” film actress Gal Gadot presided over the early morning ribbon cutting ceremony, flanked…
By Phuong Nguyen HANOI (Reuters) -Vietnamese electric vehicle maker VinFast said on Wednesday it had received a fresh round of funding pledges worth $2.5 billion for its future development, in a move that may signal a new delay to its planned listing in the United States. Two people familiar with the matter had previously told…
