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16 states, DC sue Trump over EV charging station funds
WASHINGTON, May 7 (Reuters) - California and 15 other states sued the Trump administration on Wednesday, saying the federal government is illegally withholding billions in previously awarded funds to states for electric vehicle charging.In February, the U.S. Transportation Department said it was sus...Reuters
Wed, May 7
Osisko Development Corp expected to post breakeven results a share - Earnings Preview
Osisko Development Corp ODV.V is expected to report results for the period ending March 31 2025LSEG's mean analyst estimate for Osisko Development Corp is for breakeven results per share. The current average analyst rating on the shares is "buy" and the breakdown of recommendations is ...Reuters
Wed, May 7
Bumble forecasts second-quarter revenue below estimate
May 7 (Reuters) - Bumble BMBL.O forecast second-quarter revenue below analysts' estimate on Wednesday, signaling that the dating app operator's turnaround is taking longer than expected to yield results.The company expects second-quarter revenue to be between $235 million and $243 million, c...Reuters
Wed, May 7
MercadoLibre beats profit estimates in first quarter as Argentina business booms
SAO PAULO, May 7 (Reuters) - Latin American e-commerce giant MercadoLibre MELI.O posted on Wednesday a 44% net profit increase in the first quarter from a year earlier, above analysts' estimates as operations in Argentina bounced back. MercadoLibre, Latin's America most valuable company by...Reuters
Wed, May 7
urban-gro Inc expected to post a loss of 20 cents a share - Earnings Preview
urban-gro Inc UGRO.OQ UGRO.O is expected to show a fall in quarterly revenue when it reports results on May 9 (estimated) for the period ending June 30 2024The Lafayette Colorado-based company is expected to report a 3.4% decrease in revenue to $18.197 million from $18.84 million a year ago, accor...Reuters
Wed, May 7
Orla Mining Ltd expected to post earnings of 10 cents a share - Earnings Preview
Orla Mining Ltd OLA.TO is expected to show a rise in quarterly revenue when it reports results on May 9 for the period ending March 31 2025The Vancouver British Columbia-based company is expected to report a 142.2% increase in revenue to $163.012 million from $67.3 million a year ago, according t...Reuters
Wed, May 7
Gilead boosts planned US investments by $11 billion amid tariff threat
May 7 (Reuters) - Gilead Sciences GILD.O announced $11 billion in new planned investment in the U.S. to add to its domestic manufacturing and research heft, becoming the latest company to announce spending plans in reaction to President Donald Trump's tariff policy.The new investments, unveiled ...Reuters
Wed, May 7
Chip tech provider Arm forecasts first-quarter revenue below estimates
May 7 (Reuters) - Arm Holdings first-quarter sales and profit below Wall Street estimates on Wednesday, as global trade tensions threaten revenue from its chip architecture used across the smartphone and data center industries.While Arm's fourth-quarter revenue slightly beat analysts' estima...Reuters
Wed, May 7
FBI needs more money than White House requested, Patel tells lawmakers
Asks for $1 billion more in funding than White House sought, in rare riftSenator Durbin asks congressional watchdog to look into whether Patel is complying with rules on non-official tripsFBI director required to reimburse government for personal travel By Sarah N. Lynch and Andrew Goudsward WASH...Reuters
Wed, May 7
Invivyd Inc expected to post a loss of 3 cents a share - Earnings Preview
Invivyd Inc IVVD.OQ IVVD.O is expected to show a rise in quarterly revenue when it reports results on May 9 (estimated) for the period ending March 31 2025The Waltham Massachusetts-based company is expected to report revenue of $34.45 million, according to the mean estimate from 3 analysts, based ...Reuters
Wed, May 7
Nkarta Inc expected to post a loss of 44 cents a share - Earnings Preview
Nkarta Inc NKTX.OQ NKTX.O is expected to show no change in quarterly revenue when it reports results on May 9 (estimated) for the period ending March 31 2025LSEG's mean analyst estimate for Nkarta Inc is for a loss of 44 cents per share. The current average analyst rating on the shares is "...Reuters
Wed, May 7
Cadrenal Therapeutics Inc expected to post a loss of $1.64 a share - Earnings Preview
Cadrenal Therapeutics Inc CVKD.OQ CVKD.O is expected to show no change in quarterly revenue when it reports results on May 9 (estimated) for the period ending March 31 2025LSEG's mean analyst estimate for Cadrenal Therapeutics Inc is for a loss of $1.64 per share. The current average analyst r...Reuters
Wed, May 7
Trump signals China initiated planned trade meeting
Trump says "no" to tariff cuts to get China to negotiating tablePlanned talks seen as effort toward trade de-escalationTrump's China envoy Perdue touts personal ties to presidentBy Michael Martina and Jeff Mason WASHINGTON, May 7 (Reuters) - U.S. President Donald Trump on Wednesday su...Reuters
Wed, May 7
Boeing taps Wisk Aero CEO to head commercial airplane product development
By Dan Catchpole SEATTLE, May 7 - Boeing-owned Wisk Aero announced Wednesday that its CEO Brian Yutko is leaving to take over product development for Boeing's BA.N commercial airplanes division. In his new role, Yutko will still oversee Wisk, which is developing an autonomous air taxi, Boeing...Reuters
Wed, May 7
Trump administration will rescind Biden-era AI chip export curbs, Bloomberg News reports
May 7 (Reuters) - U.S. President Donald Trump's administration plans to rescind Biden-era AI chip curbs, which set restrictions on the export of advanced AI chips, Bloomberg News reported on Wednesday.Reuters
Wed, May 7
Tufts student challenging immigration detention must be sent to Vermont, court rules
Court orders Trump administration to transfer Rumeysa Ozturk to VermontVermont judge had scheduled a bail hearingBy Nate Raymond May 7 (Reuters) - A federal appeals court has ordered President Donald Trump's administration to transfer a Turkish student at Tufts University to Vermont for a bai...Reuters
Wed, May 7
UnitedHealth sued by shareholders over its reaction to backlash from executive's killing
Shares sank 22.4% after UnitedHealth cut profit forecastInsurer said to conceal changes after Brian Thompson deathLuigi Mangione pleaded not guilty to murdering ThompsonBy Jonathan Stempel NEW YORK, May 7 (Reuters) - UnitedHealth Group UNH.N was sued on Wednesday for allegedly concealing how back...Reuters
Wed, May 7
Israeli PM Netanyahu says 21 hostages alive, doubts over three others
JERUSALEM, May 7 (Reuters) - Three Israeli hostages in Gaza previously thought to be living may be dead, leaving 21 definitely believed to be alive, Prime Minister Benjamin Netanyahu said on Wednesday, confirming comments made by U.S. President Donald Trump.Speaking at an event at the White House on...Reuters
Wed, May 7
Immigrant rights advocates ask judge to block deportations to Libya
BOSTON, May 7 (Reuters) - Immigrant rights advocates asked a federal judge in Boston on Wednesday to block the Trump administration from sending migrants subject to final orders of deportation to Libya or any country en route to there, including Saudi Arabia.The advocates made the request to a feder...Reuters
Wed, May 7
Trump's Middle East envoy to brief U.N. Security Council members on Wednesday
WASHINGTON, May 7 (Reuters) - U.S. President Donald Trump's Middle East envoy Steve Witkoff will informally brief members of the United Nations Security Council on Wednesday on Gaza and other regional issues, a U.S. administration official said.The briefing, to which a diplomatic source said all...Reuters
Wed, May 7
