Novo Nordisk to invest $158 million in insulin plant in Brazil
SAO PAULO (Reuters) – Danish drugmaker Novo Nordisk will invest 864 million reais ($158.2 million) to revamp a plant in…
Business
Boeing-Lockheed JV’s Vulcan rocket launches second mission
(Reuters) – Boeing and Lockheed Martin’s joint venture, United Launch Alliance, said on Friday its Vulcan rocket successfully launched its…
Rivian lowers annual production forecast due to parts shortage, shares drop
By Zaheer Kachwala (Reuters) -Rivian slashed its full-year production forecast on Friday and missed third-quarter deliveries expectations due to a…
Stellantis shares drop to over 2-year low as investors question dividend
MILAN (Reuters) – Stellantis shares fell further on Thursday amid concerns over the sustainability of the automaker’s dividend following a…
Levi Strauss shares fall on sluggish holiday quarter forecast
(Reuters) – Levi Strauss’ shares slumped about 11% in premarket trading on Thursday after it forecast tepid holiday quarter revenue…
Tesla misses estimates for third-quarter deliveries on stiff competition
By Akash Sriram (Reuters) -Tesla handed over fewer vehicles than analysts expected in the third quarter as stiff competition in…
OpenAI closes $6.6 billion funding haul at valuation of $157 billion with investment from Microsoft and Nvidia
By Krystal Hu (Reuters) – OpenAI has raised $6.6 billion from investors at a post-money valuation of $157 billion, cementing…
SoFi debuts platform for companies to offer expanded access to IPOs
By Hannah Lang (Reuters) -California fintech giant SoFi is teaming up with British capital markets platform PrimaryBid Technologies to expand…
OpenAI closes $6.6 billion funding haul with investment from Microsoft and Nvidia
By Krystal Hu (Reuters) -OpenAI, the company behind ChatGPT, has raised $6.6 billion from investors, which could value the company…
Lilly to invest $4.5 billion on new facility to scale-up pipeline drug production
(Reuters) -U.S. drugmaker Eli Lilly said on Wednesday it will invest $4.5 billion to create a new center in Indiana…