(Reuters) – Johnson & Johnson said on Monday it had formally informed Emergent BioSolutions Inc of its decision to terminate agreement with the contract manufacturer to make COVID-19 vaccine for the drugmaker. The termination notice comes about a week after J&J had initially informed Emergent of its intent to end the pact based on the…
(In 25th paragraph, corrects name of person quoted and his agency to Jason Stomel, founder of tech talent agency Cadre, not Will Hunsinger, C.E.O. at recruiting firm Riviera Partners) By Hyunjoo Jin SAN FRANCISCO (Reuters) -Elon Musk needs to cut one in ten jobs at Tesla. Some may already have their eye on the exit….
By Daina Beth Solomon MEXICO CITY/WASHINGTON (Reuters) – The United States has asked Mexico to probe alleged worker rights violations at an auto-parts plant owned by Italian-French carmaker Stellantis, the fourth such complaint under a revised trade deal, U.S. officials said on Monday. The U.S. request for Mexico to examine possible abuses at Teksid Hierro…
BERLIN (Reuters) – Deutsche Bank has relocated several hundred Russian IT experts to Berlin, offering all employees of its Russian tech center a job in Germany, the Handelsblatt newspaper reported on Monday, citing sources close to the matter. A mid-three-digit number of the Russian technology center’s total of about 1,500 programmers have come to Germany,…
NEW YORK (Reuters) -Hedge funds AQR and Citadel posted rises in their flagship portfolios last month that outpaced the broader stock market’s double digit losses. Citadel’s multi-strategy Wellington fund had a modest rise in May and now boasts gains of 13% for the year. Ken Griffin’s Citadel told investors that the fund inched up 0.23%…
By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks ended slightly higher on Monday with gains in Amazon.com and other mega-cap growth shares offset by persistent worries over inflation. Shares of Amazon.com Inc rose in the stock’s first day of trading after adjusting to a 20-for-1 split. A solid jobs report on Friday lowered hopes…
By Luc Cohen and Karen Freifeld NEW YORK (Reuters) -A U.S. court on Monday issued warrants for the seizure of two luxury planes owned by Russian billionaire Roman Abramovich under U.S. measures imposed after Russia’s invasion of Ukraine, court records showed. But the U.S. government’s likelihood of gaining control of the aircraft worth nearly $400…
By Saqib Iqbal Ahmed and Lewis Krauskopf NEW YORK (Reuters) – Amazon’s stock split may provide some solace to shareholders who have seen the e-commerce giant’s shares battered this year. Amazon shares were up 3.1% to $126.17 in afternoon trading after the 20-for-1 split, announced earlier this year but which took effect Monday. They have…
MEXICO CITY/WASHINGTON (Reuters) – The U.S. government on Monday asked Mexico to review whether workers at an auto parts plant owned by Italian-French carmaker Stellantis were denied their rights under the terms of the North American trade agreement. The request by the Labor Department and U.S. Trade Representative’s Office to probe Teksid Hierro de Mexico…
By Stephen Nellis (Reuters) -Apple Inc on Monday announced it would more deeply integrate its software into the instrument cluster on the dashboard of cars that will start shipping next year, while analysts and developers are keenly awaiting any hints about how a future mixed-reality headset might work. Apple also announced that its new MacBook…
