SAO PAULO (Reuters) – Danish drugmaker Novo Nordisk will invest 864 million reais ($158.2 million) to revamp a plant in Brazil responsible for pumping out a quarter of its insulin production globally, the firm said on Friday. The funds will overhaul the Montes Claros factory, in the southeastern state of Minas Gerais, and implement sustainable…
(Reuters) – Former U.S. President Barack Obama will campaign for vice president and Democratic presidential candidate Kamala Harris in the month leading up to the Nov. 5 U.S. election, the Washington Post reported on Friday. Obama will kick off his efforts with a trip to Pittsburgh on Thursday, the Washington Post said, citing a senior…
(Reuters) – Boeing and Lockheed Martin’s joint venture, United Launch Alliance, said on Friday its Vulcan rocket successfully launched its second mission, in what is a crucial step to receive certification for Pentagon missions. Vulcan, developed to replace ULA’s workhorse Atlas V rocket and rival the reusable Falcon 9 from Elon Musk’s SpaceX, took off…
By Zaheer Kachwala (Reuters) -Rivian slashed its full-year production forecast on Friday and missed third-quarter deliveries expectations due to a parts shortage and slowing growth in electric-vehicle demand, sending shares of the startup down nearly 9%. The company said the shortage of the part, used in its R1 SUV and R1T pickups as well as…
MILAN (Reuters) – Stellantis shares fell further on Thursday amid concerns over the sustainability of the automaker’s dividend following a profit warning earlier this week. The shares dropped over 4% to their lowest level since July 2022, bringing their fall this year to more than 43% and cementing their position as worst performers among European…
(Reuters) – Levi Strauss’ shares slumped about 11% in premarket trading on Thursday after it forecast tepid holiday quarter revenue as the denim maker grapples with weak demand from retailers with consumers paring back spending. The company, whose stock has risen about 27% so far this year and was trading at $18.77 premarket, also said…
By Trevor Hunnicutt and Gabriella Borter (Reuters) – Vice President Kamala Harris plans to campaign with former Congresswoman Liz Cheney on Thursday in Wisconsin as the Democratic presidential candidate tries to court Republican and centrist voters in a battleground state for the Nov. 5 election. Cheney and her father Dick Cheney, former Vice President under…
(Reuters) -Tesla said on Thursday it would recall more than 27,000 Cybertrucks due to delayed rear-view camera images that could impair driver visibility and increase crash risks, adding that a software update would resolve the issue. The recall affects most Cybertrucks in the U.S. and is the biggest one for the electric truck. Tesla had…
By Lisa Richwine LOS ANGELES (Reuters) – One of two California doctors who were among the five people charged in the overdose death of “Friends” star Matthew Perry is expected to plead guilty on Wednesday to a charge of illegally distributing the drug ketamine. Dr. Mark Chavez has signed an agreement with prosecutors to plead…
By Akash Sriram (Reuters) -Tesla handed over fewer vehicles than analysts expected in the third quarter as stiff competition in China and Europe hit demand for its aging models, putting the electric-vehicle maker at risk of its first-ever decline in annual deliveries. Shares of the world’s most valuable automaker fell more than 6% in morning…
