Business

Merck exec says company is discussing use of COVID antiviral drug in Ebola response

Monday, June 1 by SRN News

By Julie Steenhuysen CHICAGO, June 1 (Reuters) - Merck is in discussions with various global health authorities about making its COVID antiviral pill molnupiravir available as an Ebola treatment to address the widening outbreak in the Democratic Republic of Congo, a senior executive told... Read More.

Last call? States look to extend bar and restaurant hours during the World Cup

Monday, June 1 by SRN News

PROVIDENCE, R.I. (AP) - World Cup fans in a growing number of U.S. cities won't have an issue finding a well-poured pint to go with their late-night match. State leaders across the U.S. are signing off on extending bar and restaurant hours during the... Read More.

Egypt unveils a striking trove of ancient artifacts as the country tries to boost tourism industry

Monday, June 1 by SRN News

CAIRO (AP) - Archaeologists unearthed a set of ancient artifacts in Egypt including Pharaonic funerary furniture, remains of a Roman basilica and a marble head of Aphrodite, the ancient Greek goddess of love and beauty. The discoveries, announced Sunday, are part of the Egyptian government's... Read More.

Anthropic races toward a Wall Street debut with a confidential SEC filing

Monday, June 1 by SRN News

Artificial intelligence company Anthropic is moving toward going public on Wall Street, the latest chapter in its meteoric rise from a little-known research laboratory to one of the leading AI companies valued at $965 billion. Anthropic said Monday it has submitted a confidential filing with... Read More.

New Berkshire Hathaway CEO Greg Abel makes first deal since taking over from Warren Buffett

Monday, June 1 by SRN News

OMAHA, Neb. (AP) - Berkshire Hathaway's new CEO Greg Abel hinted that he may depart from Warren Buffett's longtime hands-off operating model at the conglomerate as he announced a $6.8 billion acquisition of homebuilder Taylor Morrison. Abel suggested in the deal announcement he plans... Read More.

Seagate reaches $175 million settlement of shareholder claims it concealed sales to China’s Huawei

Monday, June 1 by SRN News

By Jonathan Stempel June 1 (Reuters) - Seagate Technology reached a $175 million settlement of a lawsuit claiming it defrauded shareholders by concealing it violated U.S. export control laws by selling more than $1.1 billion of hard disk drives to China's Huawei Technologies. A preliminary settlement... Read More.

Exclusive-Barrick Mining weighs London listing as it negotiates Africa business sale, sources say

Monday, June 1 by SRN News

By Divya Rajagopal and Clara Denina TORONTO, June 1 (Reuters) - Barrick Mining, one of the world's leading gold miners, is weighing a possible London listing for its African business, with a potential all-share transaction with UK-listed Endeavour Mining seen as one option under consideration,... Read More.

Private credit lent $560 billion to US businesses since 2023, MFA report shows

Monday, June 1 by SRN News

June 1 (Reuters) - Private credit funds provided nearly $560 billion in new loans to U.S. businesses over the last three years, helping create more than 6.5 million jobs, according to a Managed Funds Association report seen by Reuters. The report illustrates the crucial role... Read More.

US construction spending beats expectations in April

Monday, June 1 by SRN News

WASHINGTON, June 1 (Reuters) - U.S. construction spending increased more than expected in April, boosted by single-family homebuilding, though rising mortgage rates amid the war with Iran continued to cast a shadow over the housing market. The Commerce Department's Census Bureau said on Monday that... Read More.

Media mogul Barry Diller’s People offers to buy MGM Resorts for over $18 billion

Monday, June 1 by SRN News

June 1 (Reuters) - Media mogul Barry Diller's People Inc said on Monday it has proposed to buy MGM Resorts, valuing the casino operator at more than $18 billion. The offer comes just weeks after Diller, the digital media company's chairman, told shareholders in an... Read More.

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Merck exec says company is discussing use of COVID antiviral drug in Ebola response

Last call? States look to extend bar and restaurant hours during the World Cup

Egypt unveils a striking trove of ancient artifacts as the country tries to boost tourism industry

Anthropic races toward a Wall Street debut with a confidential SEC filing

New Berkshire Hathaway CEO Greg Abel makes first deal since taking over from Warren Buffett

Seagate reaches $175 million settlement of shareholder claims it concealed sales to China’s Huawei

Exclusive-Barrick Mining weighs London listing as it negotiates Africa business sale, sources say

Private credit lent $560 billion to US businesses since 2023, MFA report shows

US construction spending beats expectations in April

Media mogul Barry Diller’s People offers to buy MGM Resorts for over $18 billion

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