Business

GM, Lockheed to collaborate on defense projects

Tuesday, June 16 by SRN News

By Kalea Hall DETROIT, June 16 (Reuters) - General Motors and defense company Lockheed Martin are collaborating on projects to strengthen the U.S. manufacturing and defense industrial base, the companies said Tuesday. GM Defense, the automaker's defense business unit, and Lockheed said the U.S. Department... Read More.

EssilorLuxottica, Applied Materials strike deal to develop smart glasses, AR technology

Tuesday, June 16 by SRN News

June 16 (Reuters) - EssilorLuxottica, the world's largest eyewear maker, has signed a long-term deal with chipmaking equipment company Applied Materials to develop augmented reality display technology and AI glasses, the companies said on Tuesday. Here are some details: • EssilorLuxottica and Applied Materials will scale... Read More.

What happens after UniCredit’s takeover offer for Commerzbank ends on Tuesday

Tuesday, June 16 by SRN News

By Valentina Za MILAN, June 16 (Reuters) - UniCredit's €40 billion buyout offer for Commerzbank concludes on Tuesday. Here are key takeaways from the process: WHAT NEXT? UniCredit said that shares tendered under its Commerzbank bid stood at 12.41% at the usual 1200 GMT cut-off on... Read More.

Moderna flu shot data may support use in older adults, US FDA staff says

Tuesday, June 16 by SRN News

By Christy Santhosh and Mariam Sunny June 16 (Reuters) - Staff of the U.S. Food and Drug Administration said on Tuesday that data demonstrating a strong immune response to Moderna's flu shot may support effectiveness in adults 65 years and older. Moderna's shot, mFlusiva, also showed... Read More.

Latin America’s trade with China surges but US dominance holds, IDB finds

Tuesday, June 16 by SRN News

By Sarah Morland MEXICO CITY, June 16 (Reuters) - China was the fastest-growing buyer of Latin American and Caribbean goods in the first three months of 2026, a report by the Inter-American Development Bank (IDB) showed on Tuesday, but the U.S. remained the region's top... Read More.

Olin to buy Huntsman in a $2.43 billion deal amid challenging chemicals market

Tuesday, June 16 by SRN News

By Pooja Menon June 16 (Reuters) - Olin said on Tuesday it will acquire Huntsman in an all-stock deal valued at about $2.43 billion, combining two U.S. chemical producers as the industry seeks scale and cost savings amid a challenging environment. Under the terms of... Read More.

From YouTube to Hollywood: Digital creators are remaking the movie business

Tuesday, June 16 by SRN News

NEW YORK (AP) - Some of the most promising young filmmakers in the movie business are arriving in Hollywood already experts at entertaining audiences and going viral. The twin sensations of "Obsession" and "Backrooms" - both by 20-something YouTubers-turned-filmmakers - has put a new... Read More.

‘Obsession’ is a sensation. Everyone, including Curry Barker, is trying to figure out what it means

Tuesday, June 16 by SRN News

NEW YORK (AP) - Days before "Obsession" opened in theaters, its 26-year-old director, Curry Barker, made a bet with his manager and agent. They said if the movie opened above $20 million, they would all get tattoos. "Obsession" fell just short. It debuted with $17... Read More.

Yum Brands to sell Pizza Hut for $2.7 billion after prolonged demand slump

Tuesday, June 16 by SRN News

June 16 (Reuters) - Yum Brands said on Tuesday it would sell its Pizza Hut chain for $2.7 billion, as the unit struggles with stiff competition in the fast-food market and cautious consumer spending. Pizza Hut in Mainland China will be acquired by Yum... Read More.

Nvidia’s Huang pledges AI will boost manufacturing jobs. A test will come in Texas

Tuesday, June 16 by SRN News

SHERMAN, Texas (AP) - Jensen Huang's company Nvidia makes the computer chips that unleashed a revolution in artificial intelligence. Now he's wagering that an AI buildout can revive U.S. manufacturing, pushing past limits facing science and society. That vision might hinge on a factory groundbreaking... Read More.

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GM, Lockheed to collaborate on defense projects

EssilorLuxottica, Applied Materials strike deal to develop smart glasses, AR technology

What happens after UniCredit’s takeover offer for Commerzbank ends on Tuesday

Moderna flu shot data may support use in older adults, US FDA staff says

Latin America’s trade with China surges but US dominance holds, IDB finds

Olin to buy Huntsman in a $2.43 billion deal amid challenging chemicals market

From YouTube to Hollywood: Digital creators are remaking the movie business

‘Obsession’ is a sensation. Everyone, including Curry Barker, is trying to figure out what it means

Yum Brands to sell Pizza Hut for $2.7 billion after prolonged demand slump

Nvidia’s Huang pledges AI will boost manufacturing jobs. A test will come in Texas

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