Business

Makary exit may temporarily lift biotech sentiment but FDA leadership vacuum looms

Wednesday, May 13 by SRN News

By Christy Santhosh May 13 (Reuters) - U.S. Food and Drug Administration Commissioner Dr. Marty Makary's departure comes as a positive move after a period of turmoil in the biotech sector, but until a permanent replacement is found, the industry could be under pressure, analysts... Read More.

Broadcom sues EU antitrust regulators over request for US legal documents

Wednesday, May 13 by SRN News

By Foo Yun Chee BRUSSELS, May 13 (Reuters) - Broadcom is suing EU antitrust regulators over their requests for documents containing legal advice from its U.S. lawyers in a case related to VMware, which it acquired in 2023, the U.S. chip company said on Wednesday. Broadcom,... Read More.

Fed’s Kashkari says labor market looking better, inflation worse

Wednesday, May 13 by SRN News

May 13 (Reuters) - Minneapolis Federal Reserve President Neel Kashkari said on Wednesday that the U.S. labor market looks "a bit better" than it did earlier this year, while the Iran war has worsened inflation that already was running too high, views that underscore... Read More.

US dollar rises as inflation jumps; Trump-Xi talks begin

Wednesday, May 13 by SRN News

By Chuck Mikolajczak NEW YORK, May 13 (Reuters) - The dollar gained on Wednesday after hitting a two-week high following the latest hot U.S. inflation reading, with markets focusing on the talks set to begin in Beijing between President Donald Trump and China's President Xi... Read More.

FedEx sets one-for-two share ratio for freight unit spinoff

Wednesday, May 13 by SRN News

May 13 (Reuters) - FedEx said on Wednesday it would allot its shareholders one share of the trucking unit it is hiving off for every two shares they hold in the parcel delivery firm. The unit, FedEx Freight, will list as an independent company on... Read More.

Analysis-Iran, Ukraine wars deliver worst hit in years to oil refining output

Wednesday, May 13 by SRN News

By Seher Dareen and Robert Harvey LONDON, May 13 (Reuters) - Refinery attacks tied to the wars in Iran and Ukraine have knocked out nearly 9% of global oil refining capacity in recent months, deepening a fuel supply crunch and likely delaying recovery by... Read More.

Meta launches WhatsApp ‘incognito’ mode to address privacy concerns for AI chats

Wednesday, May 13 by SRN News

LONDON (AP) - Meta Platforms said Wednesday it's rolling out an "incognito" mode for WhatsApp users to have private conversations with its AI chatbot, a move intended to ease privacy concerns about sensitive information that users share in chats. The social media company said... Read More.

EU commissioner warns of potential jet fuel shortage in the long term

Wednesday, May 13 by SRN News

NICOSIA, Cyprus (AP) - The European Union's energy commissioner said Wednesday that while there is no immediate threat to jet fuel supplies, the possibility of a longer-term shortage cannot be ruled out. Commissioner Dan Jørgensen told reporters that any shortage will depend on how the... Read More.

Palestinian man shot dead while climbing West Bank barrier into Israel in search of work

Wednesday, May 13 by SRN News

RAMALLAH, West Bank (AP) - Palestinian authorities said that Israeli police have shot and killed a Palestinian man as he attempted to climb the concrete barrier separating the occupied West Bank from Jerusalem. The Palestinian Health Ministry and the Palestinian Red Crescent identified the man... Read More.

Sazerac to invest in cocktail brand SIPMARGS backed by TikTok star Alix Earle

Wednesday, May 13 by SRN News

By Abigail Summerville NEW YORK, May 13 (Reuters) - Spirits company Sazerac has agreed to invest in canned cocktail brand SIPMARGS, which counts social media influencer Alix Earle as an investor, as the Buffalo Trace Bourbon maker continues to pursue Gen Z consumers, the company... Read More.

Current Weather

Makary exit may temporarily lift biotech sentiment but FDA leadership vacuum looms

Broadcom sues EU antitrust regulators over request for US legal documents

Fed’s Kashkari says labor market looking better, inflation worse

US dollar rises as inflation jumps; Trump-Xi talks begin

Analysis-Iran, Ukraine wars deliver worst hit in years to oil refining output

Meta launches WhatsApp ‘incognito’ mode to address privacy concerns for AI chats

EU commissioner warns of potential jet fuel shortage in the long term

Palestinian man shot dead while climbing West Bank barrier into Israel in search of work

Sazerac to invest in cocktail brand SIPMARGS backed by TikTok star Alix Earle

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