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KKR-backed ambulance giant GMR slashes US IPO valuation target to $3.3 billion
May 12 (Reuters) - Emergency medical services provider GMR Solutions on Tuesday slashed the valuation target of its U.S. initial public offering to about $3.3 billion from $5 billion, as investors remain selective about new listings.The Lewisville, Texas-based company, known as Global Medical Resp...Reuters
Tue, May 12
REFILE-Third UK minister resigns as pressure mounts on PM Starmer
LONDON, May 12 (Reuters) - A junior minister in Britain's justice department resigned on Tuesday in protest at Prime Minister Keir Starmer's leadership, adding to pressure on Starmer."We have needed to do more and therefore it is with a very, heavy heart that I feel I have no choice but ...Reuters
Tue, May 12
BREAKINGVIEWS-IPO trio unleashes undiscerning AI zeal
By Robert CyranNEW YORK, May 12 (Reuters Breakingviews) - Chipmaker Cerebras, geothermal power producer Fervo and a Blackstone data-center REIT aim to raise some $8 bln combined this week. The enthusiasm for largely speculative ventures is a worrying sign of herd mentality. If the fever fades, renew...Reuters
Tue, May 12
Leidos receives $2.7 billion hypersonic weapons contract
May 12 (Reuters) - Leidos Holdings LDOS.N said on Tuesday the U.S. Army has awarded a $2.7 billion contract to the defense contractor to move its hypersonic weapons from prototype development into production.Hypersonic weapons, which are at the center of an arms race between the U.S. and China, can ...Reuters
Tue, May 12
Palestinian law grad sues DLA Piper over rescinded job offer
By Karen Sloan May 12 (Reuters) - A former DLA Piper U.S. summer associate sued the prominent international law firm on Monday, claiming it wrongfully terminated her full-time associate job offer in 2024 after learning of her public advocacy for Palestinians.Northwestern University law graduate Y...Reuters
Tue, May 12
Italian rocket maker Avio's quarterly earnings rise 30%
May 12 (Reuters) - Italian rocket maker Avio AVI.MI said on Tuesday its first-quarter core earnings rose from the year before as stronger revenue offset higher costs tied to its U.S. business.Earnings before interest, taxes, depreciation and amortisation (EBITDA) rose about 30% to 5.2 million euros ...Reuters
Tue, May 12
Lotus scales back EV plans, targets 2028 supercar launch
May 12 (Reuters) - Lotus said on Tuesday it plans to launch its first supercar in 2028 and will scale back its all-electric ambitions, as the UK-based sports car maker pivots to a hybrid-led strategy amid slowing EV demand and shrinking government subsidies.The Geely [RIC:RIC:GEELY.UL]-owned company...Reuters
Tue, May 12
Anthropic expands Claude's AI tools for law firms, lawyers
New features include access to Thomson Reuters' CoCounsel and Westlaw, Harvey, Box, Everlaw, DocuSignTwelve new legal practice plug-ins launched for corporate counsel, other areasAnthropic reports strong AI adoption in legal sectorBy Mike Scarcella WASHINGTON, May 12 (Reuters) - Artificial in...Reuters
Tue, May 12
Germany edges closer to KNDS stake with offer, sources say
BERLIN, May 12 (Reuters) - The German state has moved closer to buying a stake in Franco-German tank maker KNDS after Berlin sent an offer letter to its German owner families, sources familiar with the matter told Reuters on Tuesday.The letter outlines the German government's interest in acquiri...Reuters
Tue, May 12
Orbotix looks to sell Ukraine-tested attack drones in EU and beyond
Orbotix Romanian plant to become operational in 3-6 monthsIn talks with Ukrainian drone makers for joint productionEU needs single defence market to compete -Polish officialBy Luiza Ilie GHIMBAV, Romania, May 12 (Reuters) - In his defence startup's new production plant in central Romania, Bog...Reuters
Tue, May 12
US has finalized tariff refunds of $35.5 billion as of May 11
May 12 (Reuters) - The U.S. customs agency has processed refunds including interest worth $35.46 billion as of May 11 for tariffs imposed by President Donald Trump last year that were deemed illegal, according to a Tuesday court filing.As of 7 a.m. ET on May 11, the U.S. Customs and Border Protectio...Reuters
Tue, May 12
UK's Lammy says PM Starmer has his full support
LONDON, May 12 (Reuters) - British Deputy Prime Minister David Lammy said on Tuesday that Keir Starmer had his full support, adding that no potential challenger appeared to have enough backing to mount a serious challenge to the Labour leader. "It's been 24 hours now and nobody has come f...Reuters
Tue, May 12
Who is on the 2026 Cannes Film Festival jury headed by Park Chan-wook?
CANNES, France, May 12 (Reuters) - As Cannes Film Festival jury president, South Korean director Park Chan-wook will lead eight other top industry figures in selecting one of 22 films for the prestigious Palme d'Or prize. Below are details of the nine jury members of the festival's 79th edit...Reuters
Tue, May 12
UK's Lammy says PM Starmer has his full support
LONDON, May 12 (Reuters) - British Deputy Prime Minister David Lammy said on Tuesday that Keir Starmer had his full support, adding that no potential challenger appeared to have enough backing to mount a serious challenge to the Labour leader.Reuters
Tue, May 12
Demi Moore calls fighting AI a losing battle ahead of Cannes opening
Role of AI in film dominates Cannes Film Festival discussionsJury president Park Chan-wook highlights rise of Korean film Festival's Palme d'Or top prize to be awarded on May 23By Francesca Halliwell CANNES, France, May 12 (Reuters) - Demi Moore urged the film industry to find ways to wor...Reuters
Tue, May 12
US House lawmakers press Paramount CEO on Warner Brothers acquisition
By David Shepardson WASHINGTON, May 12 (Reuters) - Two U.S. House Democrats asked Paramount Skydance PSKY.O CEO David Ellison on Tuesday to disclose if he or the company offered to make changes to CNN's coverage of President Donald Trump in exchange for approval of a tie-up with Warner Brothe...Reuters
Tue, May 12
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