News
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Intelligent Protection Management Corp expected to post a loss of 8 cents a share - Earnings Preview
Intelligent Protection Management Corp IPM.OQ IPM.O is expected to show a rise in quarterly revenue when it reports results on May 14 for the period ending March 31 2025The Jericho New York-based company is expected to report a 122.3% increase in revenue to $5.774 million from $2.6 million a year ...Reuters
Mon, May 12
Celcuity Inc expected to post a loss of 86 cents a share - Earnings Preview
Celcuity Inc CELC.OQ CELC.O is expected to show no change in quarterly revenue when it reports results on May 14 for the period ending March 31 2025LSEG's mean analyst estimate for Celcuity Inc is for a loss of 86 cents per share. The current average analyst rating on the shares is "buy...Reuters
Mon, May 12
Trump calls out weight-loss drugs as target of price-cut push
U.S. weight-loss drug prices exceed those in other developed countriesDrugmakers say they support fairer cost-sharing across countriesSome 40% of Americans estimated to have obesityExecutive order to focus on drugs with largest price disparities, expenditures By Deena Beasley May 12 (Reuters) - T...Reuters
Mon, May 12
CORRECTED-Grifols says on course to meet 2025 outlook as net profit triples
MADRID, May 12 (Reuters) - Grifols's net profit almost tripled from a year earlier, which the Spanish drugmaker said reinforced its confidence in meeting its full-year guidance.Reported group profit grew by 179% in the first three months of the year to 60 million euros ($66.41 million) while adj...Reuters
Mon, May 12
'Black Swan' hedge fund Universa reaps 100% return amid tariff chaos, investor says
Universa uses options to profit from severe market dislocations'Black Swan' author Taleb is Universa's scientific adviserUniversa gained 4,000% during March 2020 COVID market crashBy Carolina Mandl NEW YORK, May 12 (Reuters) - "Black Swan" hedge fund Universa Investments poste...Reuters
Mon, May 12
Cannes Film Festival director wants more details on Trump tariff plans
CANNES, France, May 12 (Reuters) - Cannes Film Festival director Thierry Fremaux wants more details before discussing President Donald Trump's proposed tariffs on films made outside the United States, he said on Monday. Fremaux, speaking to journalists one day before the festival is due to start...Reuters
Mon, May 12
Soccer-15,000 Argentine fans to be banned from Club World Cup
May 12 (Reuters) - Argentine Security Minister Patricia Bullrich handed the United States Embassy in Buenos Aires on Monday a list of 15,000 violent football fans who will be banned from stadiums during the upcoming Club World Cup.The newly-expanded tournament, to be held on U.S. soil from June 14 t...Reuters
Mon, May 12
EXCLUSIVE-Pentagon halting gender-affirming healthcare for transgender troops, memo says
By Phil Stewart and Idrees Ali WASHINGTON, May 12 (Reuters) - The Pentagon is halting gender-affirming healthcare for transgender troops as it moves to kick them out of the U.S. military, according to a memo seen by Reuters on Monday."I am directing you to take the necessary steps to immediat...Reuters
Mon, May 12
EXCLUSIVE-Pentagon halting gender-affirming health care for transgender troops, memo says
By Phil Stewart and Idrees AliWASHINGTON, May 12 (Reuters) - The Pentagon is halting gender-affirming health care for transgender troops as it moves to kick them out of the U.S. military, according to a memo seen by Reuters on Monday."I am directing you to take the necessary steps to immediately...Reuters
Mon, May 12
Turkish, Russian top diplomats discuss Ukraine-Russia peace efforts, Turkish source says
ANKARA, May 12 (Reuters) - Turkish Foreign Minister Hakan Fidan and Russian counterpart Sergei Lavrov discussed efforts to achieve peace between Russia and Ukraine in a phone call on Monday, a Turkish diplomatic source said.The source gave no other details, but Ukrainian President Volodymyr Zelenski...Reuters
Mon, May 12
Insurance broker Hub valued at $29 billion in fresh investment round
T Rowe, Alpha Wave, Temasek lead investment in HubValuation has surged more than six-fold since 2013Buyout firm H&F will retain controlling interestBy Arasu Kannagi Basil and Pritam Biswas May 12 (Reuters) - Hub International has raised nearly $1.6 billion in a funding round that valued the H...Reuters
Mon, May 12
Buyers of $TRUMP meme spent $148 million to win dinner with President Trump
Top 220 $TRUMP holders to dine with TrumpCritics say $TRUMP meme coin allows foreign access to TrumpSenators propose bills to curb crypto profitsBy Michelle ConlinNEW YORK, May 12 (Reuters) - Buyers of U.S. President Donald Trump’s $TRUMP meme coin spent an estimated $148 million in the contest to w...Reuters
Mon, May 12
Fed survey finds tighter standards, weaker demand for loans in first quarter
By Michael S. Derby and Ann SaphirMay 12 (Reuters) - Top U.S. bank lending officers said credit standards tightened over the first three months of the year, according to a report released on Monday by the Federal Reserve. During the first quarter banks reported "on balance tighter lending standa...Reuters
Mon, May 12
Norway's Wealth Fund to engage Rio Tinto, South32 over environmental concerns
May 12 (Reuters) - Norway's sovereign wealth fund, managed by Norges Bank Investment Management (NBIM), has decided to actively engage with mining companies Rio Tinto RIO.AX and South32 S32.AX regarding their environmental practices, the fund operator said on Sunday.The executive board of the la...Reuters
Mon, May 12
Ukraine's Zelenskiy: Russia continues attacks, gives no response to proposal for direct talks
May 12 (Reuters) - Ukrainian President Volodymyr Zelenskiy said on Monday that Russia was continuing its attacks on Ukraine and had made no response to a proposal for direct talks in Turkey this week in a "strange silence.""Russian shelling and assaults continue," Zelenskiy said in h...Reuters
Mon, May 12
Mercedes to add GLC SUV production at Alabama plant
DETROIT, May 12 (Reuters) - Mercedes MBGn.DE executives on Monday confirmed the company will be adding GLC SUV production at its plant in Tuscaloosa, Alabama.The confirmation came after Mercedes earlier this month said it would bring "a core segment vehicle to Alabama by 2027."Reuters
Mon, May 12
BYD factory delayed in Brazil to be 'fully functional' by end-2026, says official
By Fabio Teixeira RIO DE JANEIRO, May 12 (Reuters) - Chinese electric car maker BYD's 002594.SZ new factory in Brazil will be "fully functional" by December 2026, after its operations were delayed because of an investigation into labor abuses, Bahia state labor secretary Augusto Vasco...Reuters
Mon, May 12
