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REFILE-Luxury sector faces more gloom as Bain cuts sales forecast
By Mimosa Spencer, Elisa Anzolin MILAN/PARIS, May 14 (Reuters) - Sales of luxury goods worldwide are likely to fall between 2% and 5% this year, consultancy Bain & Co forecast on Wednesday, sharply downgrading its previous estimate for 0-4% growth and signalling further gloom for the sector a...Reuters
Wed, May 14
Alnylam drops Covid vaccine patent case against Pfizer, BioNTech for now
By Blake Brittain May 14 (Reuters) - Biotech company Alnylam Pharmaceuticals ALNY.O conceded defeat for now in a lawsuit against Pfizer PFE.N and BioNTech 22UAy.DE over technology in their COVID-19 vaccine, asking a Delaware federal court on Tuesday to enter a judgment that they did not infringe ...Reuters
Wed, May 14
EXCLUSIVE-Legal startup Harvey AI in talks to raise funding at $5 billion valuation
Harvey AI's valuation jumps from $3 billion to $5 billion in monthsHarvey's ARR reached $75 million in April, up 50% from earlier this yearAI adoption fuels venture capital interest in legal tech sectorBy Anna Tong and Krystal HuMay 14 - Harvey AI, a fast-growing legal startup, is in advance...Reuters
Wed, May 14
Pentagon hotline to Washington DC airport controllers inoperable since 2022
By David Shepardson WASHINGTON, May 14 (Reuters) - A hotline connecting the Pentagon and Federal Aviation Administration air traffic controllers at Reagan Washington National Airport has been inoperable since March 2022, an FAA official told a Senate committee on Wednesday.The U.S. Army said on M...Reuters
Wed, May 14
Matan a tiros a influencer mexicana durante transmisión en vivo en TikTok
CIUDAD DE MÉXICO, May 14 (Reuters) - Una joven influencer mexicana, conocida por sus videos sobre consejos de belleza y maquillaje, murió al ser blanco de varios disparos durante una transmisión en vivo a través de TikTok.La muerte de Valeria Márquez, de 23 años, se investiga bajo los protocolos de ...Reuters
Wed, May 14
Telefonica says it is satisfied with VMO2 tie-up, with 'no deal on the table'
MADRID, May 14 (Reuters) - Spanish telecoms company Telefonica's TEF.MC Chief Executive Emilio Gayo said on Wednesday that his company was satisfied with its Liberty Global LBTYA.O tie-up to run Britain's Virgin Media O2 and is not seeking to take control."We’re very happy with the curre...Reuters
Wed, May 14
Sanofi to invest at least $20 billion in the US through 2030
May 14 (Reuters) - French drugmaker Sanofi SASY.PA said on Wednesday it plans to invest at least $20 billion in the United States through 2030, which includes an increase in research and development spending and the allocation of billions of dollars to US manufacturing.The announcement makes Sanofi ...Reuters
Wed, May 14
Perplexity, PayPal partner to provide easy payment checkouts to users
May 14 (Reuters) - Perplexity AI said on Wednesday it had partnered with payments firm PayPal PYPL.O to enable direct purchases within its chat interface.The deal will strengthen Perplexity's agentic commerce offering, a rapidly growing trend where AI agents not only help consumers with shopping...Reuters
Wed, May 14
Google says hackers that targeted UK retail sector are now targeting US retailers
WASHINGTON, May 14 (Reuters) - Alphabet's Google GOOGL.O says that the hackers who have targeted the UK retail sector are now turning their attention to American retailers.In an email sent Wednesday, Google's cybersecurity arm said that the hackers "are aggressive, creative, and particul...Reuters
Wed, May 14
Sanofi To Invest At Least $20 Billion In The Us Through 2030
May 14 (Reuters) - Sanofi SASY.PA:SANOFI TO INVEST AT LEAST $20 BILLION IN THE US THROUGH 2030, GROWING INVESTMENTS IN SCIENCE AND EXPANDING DOMESTIC MANUFACTURINGSANOFI: OF TOTAL INVESTMENT, WILL SUBSTANTIALLY INCREASE SPENDING IN US ON RESEARCH AND DEVELOPMENT TO ACCELERATE ITS SCIENCESANOFI SA - ...Reuters
Wed, May 14
Americans worry about Trump's handling of measles outbreak, Reuters/Ipsos poll finds
Poll shows skepticism about Trump administration's handling of measles outbreakMMR vaccine seen as safe by 86% of AmericansVaccination rates drop, fueling outbreak concernsBy Jason Lange and Julie Steenhuysen WASHINGTON, May 14 (Reuters) - Americans worry about the Trump administration's ...Reuters
Wed, May 14
FACTBOX-Trump's Gulf tour sparks AI, finance and energy deals
RIYADH/DUBAI, May 14 (Reuters) - U.S. President Donald Trump secured a $600 billion commitment from Saudi Arabia to invest in the United States on the first day of a four-day tour of the Gulf, opening the way for a series of business deals. Here is an overview of major deals and announcements made ...Reuters
Wed, May 14
Carlyle nears deal to sell Italian premium brand Twinset, sources say
MILAN, May 14 (Reuters) - U.S. private equity group Carlyle Group is expected to clinch in the coming days an accord to sell Italian fashion brand Twinset to local investment firms Borletti Group and Quadrivio, two sources close to the matter said on Wednesday. Under the deal, the two investment fir...Reuters
Wed, May 14
HSBC to cut 10% of its workforce in France
PARIS, May 14 (Reuters) - HSBC HSBA.L plans to cut 348 jobs in France through a voluntary redundancy scheme, amounting to about 10% of its workforce in the country, the bank said on Wednesday. The job losses are part of a cost-cutting drive led by CEO Georges Elhedery, who aims to reduce expenses by...Reuters
Wed, May 14
MNTN Inc Sees IPO Of 11.7 Mln Shares Of Class A Common Stock
May 14 (Reuters) - MNTN Inc:MNTN INC - IPO PRICE EXPECTED BETWEEN $14 AND $16 PER SHARE - SEC FILINGMNTN INC - OFFERING 11.7 MILLION SHARES OF CLASS A COMMON STOCK - SEC FILINGMNTN INC - SUBSIDIARIES OF BLACKROCK INDICATES INTEREST IN PURCHASING UP TO $30 MILLION IN CLASS A COMMON STOCK AT IPO PRICE...Reuters
Wed, May 14
REFILE-Indian travel firms report drop in Turkey bookings over Pakistan support
By Hritam Mukherjee BENGALURU, May 14 (Reuters) - Indians are cancelling holidays in popular resorts in Turkey and Azerbaijan after the countries supported Pakistan during its recent conflict with New Delhi, two booking firms said. Ties between India and Pakistan nosedived after a deadly attack i...Reuters
Wed, May 14
