News
Important Only
Stealth Bio to cut jobs after FDA rejects therapy for rare disorder
By Sriparna Roy May 29 (Reuters) - Privately held Stealth BioTherapeutics said on Thursday the U.S. Food and Drug Administration had declined to approve its therapy for an ultra-rare condition called Barth Syndrome, prompting it to cut 30% of its workforce.Barth syndrome, which is estimated to a...Reuters
Thu, May 29
EXCLUSIVE-Thoma Bravo explores $3 billion-plus sale of software firm Apryse, sources say
Thoma Bravo may retain minority stake in ApryseCompany generates over $100 million in EBITDA, growing over 20% annuallyApryse completed over a dozen acquisitions to expand functionalityBy Milana VinnMay 29 (Reuters) - Buyout firm Thoma Bravo is exploring a $3 billion-plus sale of Apryse, after recei...Reuters
Thu, May 29
FACTBOX-How big global companies are dealing with tariff trauma
May 29 (Reuters) - Major companies across the world are laying out plans to tackle the fallout from the Trump administration's trade war , highlighting how rapid tariff changes are deepening uncertainty around financial planning. An analysis by Reuters showed the impact stretches int...Reuters
Thu, May 29
Afreximbank tells investors Ghana 'up to date' on loans, risking creditors' ire
Afrexim says it is exempt from losses, others disagreeDispute underscores "grey zone" around multilateral lendersAny payments could impact bondholder, official creditor dealsGhana, Zambia have said they will restructure Afrexim loansBy Karin Strohecker and Libby George LONDON, May 29 (Reu...Reuters
Thu, May 29
Amazon's robotaxi unit Zoox issues second software recall after San Francisco crash
By David Shepardson WASHINGTON, May 29 (Reuters) - Amazon.com's AMZN.O self-driving unit Zoox issued a second software update to improve how its vehicles track nearby pedestrians and prevent movement when someone is close, following a crash in San Francisco earlier this month, the company sai...Reuters
Thu, May 29
Fed's Powell meets Trump at White House, Fed says
WASHINGTON, May 29 (Reuters) - Federal Reserve Chair Jerome Powell met with U.S. President Donald Trump at the White House on Thursday, his office said in a statement."Chair Powell did not discuss his expectations for monetary policy, except to stress that the path of policy will depend entirely...Reuters
Thu, May 29
Southwest Airlines CEO Says Seeing Stability In Demand In Last Few Weeks - Bernstein Conf
May 29 (Reuters) - Southwest Airlines Co LUV.N:SOUTHWEST AIRLINES CEO SAYS SEEING STABILITY IN DEMAND IN LAST FEW WEEKS - BERNSTEIN CONFSOUTHWEST AIRLINES CEO SAYS BUSINESS BOOKINGS ARE HOLDING UP WELLSOUTHWEST CEO SAYS NOT GETTING BOEING AIRCRAFT AT THE RATE WE WOULD LIKE BUT WE DO SEE MUCH BETTER ...Reuters
Thu, May 29
Athletics-Richardson signs on to women's-focused Athlos as owner-advisor, as startup expands
By Amy Tennery NEW YORK, May 29 (Reuters) - American fan favourite Sha'Carri Richardson is signing on to become an owner-advisor for Athlos, as the women-focused athletics startup moves to a multi-meet, team-based format beginning in 2026.The brainchild of Reddit co-founder and women's sp...Reuters
Thu, May 29
Nike's longtime design and innovation chief John Hoke to retire
May 29 (Reuters) - Nike's NKE.N chief innovation officer, John Hoke, is retiring, the world's largest sportswear company said on Thursday.Hoke, who joined Nike in 1992, has served as the company's chief design officer before being named chief innovation officer in 2023.Earlier this month...Reuters
Thu, May 29
DIARY-Political and General News Events from May 29
May 29 (Reuters) - For other diaries, please see:Political and General News POL/DIARYTop Economic Events M/DIARYEmerging Markets Economic Events EMRG/DIARYGovernment Debt Auctions D/DIARYU.S. Federal Reserve FED/DIARYToday in Washington WASH/DIARY ---------...Reuters
Thu, May 29
REFILE-Ex-Goldman banker Leissner sentenced to prison in 1MDB case
By Saeed AzharNEW YORK, May 29 (Reuters) - Former Goldman Sachs GS.N banker Tim Leissner was sentenced to two years in prison by a judge in a New York court on Thursday after he pleaded guilty in 2018 for his involvement in a multi-billon dollar scandal involving Malaysia's sovereign fund 1MDB.Reuters
Thu, May 29
Soccer-Man United boss Amorim says it is tough to face team's angry fans around the world
HONG KONG, May 29 (Reuters) - Manchester United boss Ruben Amorim said his team cannot hide after they were booed off in their defeat in Malaysia ahead of their friendly with Hong Kong on Friday. Three days after they concluded their worst Premier League season with a 15th-placed finish, Amorim'...Reuters
Thu, May 29
Grammarly secures $1 billion from General Catalyst to build AI productivity platform
Grammarly plans strategic acquisitions and AI tool expansionGeneral Catalyst's investment return linked to Grammarly's revenue growthGrammarly aims for public offering, no immediate plansBy Krystal HuMay 29 (Reuters) - Grammarly has raised $1 billion in non-dilutive financing from General Ca...Reuters
Thu, May 29
Northrop Grumman invests $50 million in space startup Firefly Aerospace
May 29 (Reuters) - U.S. defense contractor Northrop Grumman NOC.N has invested $50 million into space startup Firefly Aerospace to aid the production of their jointly developed rocket, the companies said on Thursday.The medium launch vehicle, dubbed "Eclipse", is built upon Northrop Grumman...Reuters
Thu, May 29
Nike's longtime design and innovation chief John Hoke to retire, Bloomberg News reports
May 29 (Reuters) - Nike's NKE.N chief innovation officer, John Hoke, is retiring after more than three decades shaping new products at the world's largest sportswear company, Bloomberg News reported on Thursday, citing an internal memo.Nike did not immediately respond to a Reuters request fo...Reuters
Thu, May 29
Second woman tells jury Sean 'Diddy' Combs sexually abused her
Trial highlights Combs' alleged coercion and abuseLawyers for hip-hop artist claim Freak Offs were consensualHe pleads not guilty to racketeering and sex trafficking chargesBy Jack Queen and Luc Cohen NEW YORK, May 29 (Reuters) - A second woman testified on Thursday that Sean “Diddy” Combs se...Reuters
Thu, May 29
