By Blake Brittain (Reuters) – Moderna Inc failed to persuade a Delaware federal judge on Wednesday to shift liability from the company to the U.S. government for alleged patent infringement by Moderna’s COVID-19 vaccine. Chief Judge Colm Connolly’s ruling for Alnylam Pharmaceuticals Inc came just over a month after a different judge in Delaware rejected…
SEOUL (Reuters) – South Korea’s Hyundai Motor Co plans to exit Russia and sell its manufacturing plants there to a Kazakh company, South Korean media reported on Wednesday. South Korean TV network MBC reported that negotiations to sell Hyundai’s factories in Russia are in the final stage, adding that the automaker has been waiting for…
By Yuvraj Malik (Reuters) -EBay Inc on Wednesday forecast current-quarter revenue above Wall Street projections after beating March-quarter earnings estimates, as it benefits from its strategy of focusing on product categories including sneakers and watches. A selective push from the ecommerce firm also on items like collectibles and refurbished products is helping it drive sales…
By David Shepardson WASHINGTON (Reuters) -Elon Musk, the billionaire CEO of electric vehicle maker Tesla and social media platform Twitter, discussed artificial intelligence issues and electric vehicles with U.S. Senate Majority Leader Chuck Schumer on Wednesday. “We talked about the future,” Musk told reporters after exiting the meeting that lasted about an hour. “We talked…
By Jonathan Stempel and Jack Queen NEW YORK (Reuters) – A writer explained in graphic detail on Wednesday how Donald Trump allegedly raped her nearly 30 years ago, at a civil trial to determine whether the former U.S. president assaulted her and then lied about it. “I’m here because Donald Trump raped me, and when…
By Duncan Miriri MALINDI, Kenya (Reuters) – The leader of a Kenyan cult told his followers the world would end on April 15 and instructed them to starve themselves to be the first to go to heaven, a relative of cult members and hospital staff told Reuters on Wednesday. Eighty-nine followers of the Good News…
By Liz Hampton (Reuters) -Scott Sheffield, who built U.S. oil producer Pioneer Natural Resources into the largest producer in Texas, will retire at the end of the year, the company said on Wednesday. His departure likely will reignite perennial Wall Street talk that the Dallas-based company could become a takeover target. With its $52 billion…
MEXICO CITY (Reuters) -Walmart’s Mexico unit on Wednesday posted a 3.7% rise in first quarter net profit as same-store sales rose in all markets, but it flagged inflation concerns after falling behind competitors in Mexico. Walmart de Mexico, known as Walmex, recorded 11.5 billion pesos ($639 million) in net profit for the first three months…
By Sinéad Carew, Ankika Biswas and Sruthi Shankar (Reuters) – The tech-heavy Nasdaq closed slightly higher on Wednesday after strong Microsoft Corp results boosted technology shares, but the S&P 500 and the Dow fell on lingering concerns about a weakening U.S. economy and the banking sector. Economically sensitive transport stocks had their weakest day in…
SAO PAULO (Reuters) -Brazil’s Vale, one of the world’s largest miners, reported a first quarter net profit down 59% from a year earlier, far below analyst expectations, as profits were dragged down by weaker sales and lower iron ore prices. The company posted a net profit of $1.8 billion for the first three months of…
