By Dietrich Knauth and Mike Spector NEW YORK (Reuters) – Johnson & Johnson said on Friday it is negotiating with plaintiffs’ lawyers who have opposed the company’s proposed settlement of lawsuits alleging its baby powder and other talc products caused cancer, seeking to eliminate holdouts to the deal. J&J has announced plans to finalize a…
(Reuters) – Apple is planning its biggest product launch event of the year on Sept. 10, during which it will unveil the latest iPhones, watches and AirPods, Bloomberg News reported on Friday, citing people familiar with the situation. The company is making preparations for that date, even though the timing has not yet been announced,…
KYIV (Reuters) – Ukraine’s military said its troops were subjected to dozens of attacks by Russian forces on Monday around Toretsk and Pokrovsk, two settlements in eastern Ukraine where Moscow is gaining ground against embattled Ukrainian forces. In a statement, the military said Russian troops attacked Ukrainian defenders 21 times over the course of Monday…
By Max A. Cherney (Reuters) -AMD on Monday said it plans to acquire server maker ZT Systems for $4.9 billion as the company seeks to expand its portfolio of artificial intelligence chips and hardware and battle Nvidia. AMD plans to pay for 75% of the ZT Systems acquisition with cash and the remainder in stock….
(Reuters) -Palo Alto Networks forecast fiscal 2025 revenue and profit above Wall Street estimates on Monday, a sign of growing demand for its comprehensive cybersecurity products as digital threat landscape evolves. Shares of Santa Clara, California-based Palo Alto Networks rose about 4% in extended trading, as the company also announced an additional $500 million for…
(Reuters) – Republican presidential candidate Donald Trump on Monday said he would consider ending a $7,500 tax credit for electric vehicle purchases, calling it “ridiculous.” “Tax credits and tax incentives are not generally a very good thing,” Trump said in an interview with Reuters after a campaign event in York, Pennsylvania when asked about the…
(Refiles to add missing word in paragraph 4) MCLEAN, VIRGINIA (Reuters) – A running joke among residents of McLean, Virginia is that the most secretive organization headquartered in their Washington D.C. suburb is not the Central Intelligence Agency, but rather a confectionery and pet products company. Here, the second-richest U.S. family runs Mars Inc, maker…
By Sriparna Roy and Christy Santhosh (Reuters) -Eli Lilly has sent cease-and-desist letters to U.S. healthcare providers in recent days to stop the promotion of the compounded versions of its drugs for weight loss and diabetes, as their supply increases, the company said on Wednesday. The letters were sent to telehealth companies, wellness centers and…
(Reuters) -Barclays drew up plans to pull out of future Israeli government bond auctions as it reviewed its exposure to the country under pressure from pro-Palestinian activists, the Financial Times reported on Wednesday, citing people familiar with the matter. Barclays informed Israeli officials that it planned to continue to work as a so-called primary dealer,…
(Reuters) – Another swathe of broker-dealer and investment advisers have agreed to pay over $470 million to U.S. regulators to settle civil charges they violated recordkeeping rules, the U.S. Securities and Exchange Commission and Commodity Futures Trading Commission said in statements on Wednesday. Toronto-Dominion Bank’s TD Securities, BNY Mellon and Truist were among the among…
