Business

Domino’s Pizza falls short of US sales estimates as diners curb spending

Monday, April 27 by SRN News

By Anuja Bharat Mistry April 27 (Reuters) - Domino's Pizza missed same-store sales estimates for the first quarter on Monday, as higher living costs tied to ongoing geopolitical and economic uncertainties prompted budget-strained customers to cut discretionary spending, including dining out. Shares of the pizza giant,... Read More.

Eli Lilly to acquire Ajax Therapeutics for up to $2.3 billion

Monday, April 27 by SRN News

April 27 (Reuters) - Eli Lilly said on Monday it would buy privately-held blood cancer treatment developer Ajax Therapeutics for up to $2.3 billion in cash. (Reporting by Christy Santhosh in Bengaluru; Editing by Maju Samuel) Brought to you by www.srnnews.com

Drug developer Seaport Therapeutics targets $912 million valuation in US IPO

Monday, April 27 by SRN News

April 27 (Reuters) - Drug developer Seaport Therapeutics said on Monday it was aiming for a valuation of $912 million in its initial public offering in the United States. The Boston-based company is seeking to raise up to $212.4 million by offering 11.8 million shares... Read More.

US refiners’ first-quarter profits expected to jump as war lifts fuel margins

Monday, April 27 by SRN News

By Nicole Jao NEW YORK, April 27 (Reuters) - Top U.S. independent refiners are expected to report stronger first-quarter results than a year ago, helped by supply disruptions tied to the war in the Middle East that drove fuel margins to multi-year highs. Refiners came out... Read More.

Big fuel bill, Spirit bailout may upend JetBlue Airways return to profitability

Monday, April 27 by SRN News

By Doyinsola Oladipo NEW YORK, April 27 (Reuters) - Just as JetBlue Airways was nearing its first profitable year since the pandemic, a spike in fuel prices has revived questions about its turnaround, forcing the airline to raise more debt and quash bankruptcy speculation. The New... Read More.

India and New Zealand sign a free trade agreement to deepen economic ties

Monday, April 27 by SRN News

NEW DELHI (AP) - India and New Zealand on Monday signed a free trade agreement to deepen economic ties and expand market access, as both countries navigate mounting global trade disruptions. The deal comes as New Delhi moves to diversify export markets to offset the... Read More.

China blocks Meta from acquiring AI startup Manus

Monday, April 27 by SRN News

HONG KONG (AP) - China on Monday blocked Meta's acquisition of the artificial intelligence startup Manus, which has Chinese roots but is Singapore-based. In a short statement, China's National Development and Reform Commission, the country's top planning agency, said it was prohibiting a foreign acquisition... Read More.

US stock index futures muted on stalled US-Iran peace talks

Monday, April 27 by SRN News

April 27 (Reuters) - Wall Street futures were muted early on Monday as peace talks between the U.S. and Iran stalled, while investors awaited a flood of earnings as well as commentary from the Federal Reserve meeting this week. With a peace agreement still... Read More.

Taiwan court sentences ex-Tokyo Electron staff to 10 years in TSMC trade secrets case

Monday, April 27 by SRN News

NEW TAIPEI CITY, Taiwan (AP) - A court in Taiwan sentenced a former employee of Japanese computer chip equipment maker Tokyo Electron to 10 years in prison on Monday in a landmark case over trade secrets of the island's leading chipmaker TSMC. Tokyo Electron was... Read More.

DeepSeek’s new AI model does not wow markets in fast-changing industry

Monday, April 27 by SRN News

By Eduardo Baptista BEIJING, April 27 (Reuters) - Market reaction to DeepSeek's preview of its long-awaited next-generation artificial intelligence model has so far been subdued compared with the Chinese startup's outsized global breakthrough last year after the launch of its low-cost AI models. The release and... Read More.

Current Weather

Domino’s Pizza falls short of US sales estimates as diners curb spending

Eli Lilly to acquire Ajax Therapeutics for up to $2.3 billion

Drug developer Seaport Therapeutics targets $912 million valuation in US IPO

US refiners’ first-quarter profits expected to jump as war lifts fuel margins

Big fuel bill, Spirit bailout may upend JetBlue Airways return to profitability

India and New Zealand sign a free trade agreement to deepen economic ties

China blocks Meta from acquiring AI startup Manus

US stock index futures muted on stalled US-Iran peace talks

Taiwan court sentences ex-Tokyo Electron staff to 10 years in TSMC trade secrets case

DeepSeek’s new AI model does not wow markets in fast-changing industry

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