Ad Behind the Markets
By Divya Rajagopal and Seher Dareen (Reuters) -Newmont Corp intends to divest eight non-core assets and trim its workforce to cut debt following its $17.14 billion purchase of Newcrest, the world’s largest gold miner said on Thursday, as the company beat quarterly profit estimates. Still, shares fell 7% with analysts highlighting a big impairment charge…
By Patrick Wingrove and Leroy Leo (Reuters) -Moderna on Thursday reported a surprise fourth-quarter profit, helped by cost cutting and deferred payments, and set out a commercial roadmap for its vaccines in Europe and experimental respiratory syncytial virus (RSV) shot. Shares jumped 8% to $94.65 in early trading, still well off the record high of…
(Reuters) -Google is pausing its AI tool that creates images of people following inaccuracies in some historical depictions generated by the model, the latest hiccup in the Alphabet-owned company’s efforts to catch up with rivals OpenAI and Microsoft. Google started offering image generation through its Gemini AI models earlier this month, but over the past…
By Stephen Nellis and Max A. Cherney (Reuters) -Intel said on Wednesday that Microsoft plans to use its services to manufacture a custom computing chip and that the company expects to beat an internal deadline of 2025 to overtake its biggest rival, Taiwan Semiconductor Manufacturing Co, in advanced chip manufacturing. The American chipmaker also gave…
