By Siddharth Cavale BENTONVILLE, Arkansas (Reuters) – Initial public offerings of Walmart’s Flipkart marketplace and PhonePe digital payments platform could take a couple of years, a Walmart executive said. “This is something we’re looking at over the next couple of years,” Walmart’s executive vice president for corporate affairs, Dan Bartlett, said on the sidelines of…
By Maha El Dahan DUBAI (Reuters) – Saudi Arabia placed over half of an $11.2 billion share sale in Aramco with foreign investors, two people with knowledge of the matter told Reuters on Saturday. Saudi Arabia has been seeking to lure international investment to pour tens of billions of dollars into projects to diversify away…
(Reuters) – Virgin Galactic flew four tourists to the edge of space and back aboard its spaceplane, marking the second flight this year, the Richard Branson-founded company said on Saturday. The Galactic 07 mission carried Turkish, U.S. and Italian passengers to an altitude of about 55 miles (88.51 km) on a flight lasting slightly more…
(Reuters) – Walgreens Boots Alliance has shelved plans for a potential initial public offering of its UK-based Boots drugstore chain as sale talks continue, Bloomberg News reported on Friday citing people with knowledge of the matter. The pharmacy chain is now exploring other options for Boots and has continued informal talks with potential buyers, including…
By Michael Erman (Reuters) – A 15-day course of Pfizer’s COVID-19 antiviral treatment Paxlovid did not relieve symptoms of long COVID, according a study by Stanford University researchers. Currently, there are no proven treatments specifically for long COVID in which a host of symptoms can last for many months after initial coronavirus infection. Scientists and…
(Reuters) -Tesla will likely spend between $3 billion and $4 billion on its purchases of chip company Nvidia’s hardware this year, CEO Elon Musk said in a post on X on Tuesday. Musk also said that out of the $10 billion in artificial intelligence-related capital expenditure this year, around half would be internal spend. “For…
(Reuters) – Short video app TikTok has taken measures to stop a cyberattack targeting several brand and celebrity accounts, including news network CNN, a spokesperson for the company said on Tuesday. “We have been collaborating closely with CNN to restore account access and implement enhanced security measures to safeguard their account moving forward,” the spokesperson…
By Elizabeth Howcroft and Hannah Lang AMSTERDAM/NEW YORK (Reuters) – The president of U.S. crypto firm Ripple is “optimistic” that a lobbying push by the crypto industry will yield results in this year’s U.S. elections, after her company helped the industry lead a record fundraising haul to back political candidates who are crypto-friendly. San Francisco-based…
(Reuters) – JetBlue Airways on Monday forecast a smaller drop in second-quarter revenue than it had previously forecast due to healthy travel demand, sending its shares up 2.3% in premarket trading. Major U.S. carriers expect record passenger numbers for the summer season but uneven demand on certain routes has led to overcapacity and is hurting…
(Reuters) -Spotify raised prices for its premium plans in the United States on Monday, the latest step by the Swedish music-streaming service in its push to increase margins. On a monthly basis, Spotify has raised prices of its individual plan to $11.99 from $10.99, duo plan to $16.99 from $14.99 and its family plan to…
