News
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INSTANT VIEW-Novo Nordisk CEO's surprise exit after setbacks in weight-loss market
LONDON, May 16 (Reuters) - Wegovy-maker Novo Nordisk NOVOb.CO said on Friday its CEO Lars Fruergaard Jorgensen will step down over concerns the company is losing its first-mover advantage in the highly competitive obesity drug market.Here are reactions to the news from analysts and investors in alph...Reuters
Fri, May 16
Other
US SEC buyouts hit legal, investment divisions hardest, data shows
By Douglas Gillison, Chris Prentice May 15 (Reuters) - Wall Street's top regulator saw the biggest drop in staff numbers at divisions handling legal affairs, investment management and trading and markets following buyout programs offered by the Trump administration, data showed on Thursday.Th...Reuters
Fri, May 16
Other
Exclusive: Allied World the latest carrier to mandate five in-office days for employees
By Isha MaratheMay 16 - (The Insurer) - Allied World has become the latest carrier to mandate its employees go back to a five-day in-office work week, with the action taking effect from September 29, based on an internal memo the company sent to its U.S. and Canada employees.Sources with knowledge ...Reuters
Fri, May 16
Other
Iran says it has not received proposal from US over nuclear deal
May 16 (Reuters) - Iran has not received any written proposals from the United States over a possible nuclear deal, Iran's Foreign Minister Abbas Araqchi Friday, a few hours after President Donald Trump said Iran had a proposal. Araqchi said on X there were no proposals "whether directly or ...Reuters
Fri, May 16
Cryptocurrencies
Ethereum Looks Ready To Break Out Of 4-Year Consolidation, Analyst Says Price Will ‘Go Insane’
Ethereum is again looking bullish following its gains of over 17% in the last seven days and the break above $2,500. Analysts have provided a positive outlook for the second-largest crypto by market cap, predicting that its price could soon go parabolic after an extended consolidation period. Ethere...NewsBTC
Fri, May 16
Cryptocurrencies
Sovereign Wealth Funds Are Racing For Bitcoin, Reveals Eric Trump
Speaking to a packed auditorium at Consensus 2025, Eric Trump said the quiet part out loud: “Everybody in the world is trying to hoard Bitcoin right now. Everybody. I hear it from sovereign wealth funds. I hear it from the wealthiest families. I hear it from the biggest companies. I mean the adoptio...Bitcoinist
Fri, May 16
Other
DIARY-Canada corporate earnings week ahead
May 16 (Reuters) - Diary of Canada (.GSPTSE) corporate earnings for the week ahead CANADA EARNINGS Start DateStart Time(GMT)RICCompany NameEvent Name20-May-2025BMONXE.TONexgen Energy LtdQ1 2025 Nexgen Energy Ltd Earnings Release22-May-2025BMOLSPD.TOLightspeed Commerce IncQ4 2025 Lightspeed Com...Reuters
Fri, May 16
Other
DIARY-U.S. earnings week ahead
May 16 (Reuters) - Diary of U.S. (.SPX) corporate earnings for the week ahead. ** Please Note - All times given are in U.S. EDT unless otherwise stated ** U.S. EARNINGS Start DateStart Time (GMT)RICCompany NameEvent Name20-May-2025BMOHD.NHome Depot IncQ1 2025 Home Depot Inc Earnings Releas...Reuters
Fri, May 16
Other
Assailant who stabbed author Salman Rushdie sentenced to 25 years
Hadi Matar was found guilty of the attack in FebruaryDistrict attorney says Rushdie was traumatized by the incidentRushdie had spent years in hiding following threats over 'Satanic Verses' May 16 (Reuters) - The man who stabbed and partially blinded novelist Salman Rushdie onstage at a W...Reuters
Fri, May 16
Stocks
Netflix up after Canaccord raises price target
** Shares of Netflix NFLX.O up 1.1% at $1,190.96** Canaccord Genuity raises PT on NFLX to $1,380 from $1,200** Brokerage believes NFLX's ad tier may be approaching an inflection point and emerging as a key driver of its long-term growth strategy ** NFLX has been growing its investment in U.S. pr...Reuters
Fri, May 16
Other
Apple Asked Epic Sweden Resubmit Fortnite App Update Without Including US Storefront Of App Store- Bloomberg News Reporter On X
May 16 (Reuters) - APPLE: ASKED EPIC SWEDEN RESUBMIT FORTNITE APP UPDATE WITHOUT INCLUDING US STOREFRONT OF APP STORE- BLOOMBERG REPORTER ON XAPPLE DID NOT TAKE ANY ACTION TO REMOVE LIVE VERSION OF FORTNITE FROM ALTERNATIVE DISTRIBUTION MARKETPLACES IN THE EC - BLOOMBERG NEWS REPORTER ON XSource tex...Reuters
Fri, May 16
Other
Russia says Ukraine talks yielded a prisoner swap deal and an agreement to keep talking
Russia says it is satisfied with talksSays two sides agreed to keep talkingSays each side will set out vision of future ceasefire By Vladimir Soldatkin and Andrew Osborn ISTANBUL, May 16 (Reuters) - Russia said on Friday that the first direct talks with Ukraine in more than three years had yield...Reuters
Fri, May 16
Stocks
Assura takeover battle heats up as UK peer PHP outbids US suitors
New PHP offer is 4.7% higher than KKR-Stonepeak bidAnalyst says PHP offer is more attractiveAssura says its board is reviewing PHP's new offer By Yamini Kalia and Yadarisa Shabong May 16 (Reuters) - British healthcare real estate investor Primary Health Properties (PHP) PHP.L has offered to b...Reuters
Fri, May 16
Forex
USD/CHF Price Forecast: Rejection at resistance risks fresh downside
The US Dollar (USD) is trading higher against the safe-haven Swiss Franc (CHF) on Friday, as markets continue to digest the ongoing developments in tariff negotiations, interest rate expectations, and broader risk sentiment.
Fxstreet
Fri, May 16
Stocks
Doximity falls on FY26 revenue forecast miss
** Shares of telehealth firm Doximity DOCS.N slump 14.7% to $49.84 after co's forecast misses expectations** Co forecasts FY26 revenue between $619 mln and $631 mln vs analysts' estimate of $635 mln - data compiled by LSEG ** Midpoint of Q1 revenue outlook also below estimate ** At least fou...Reuters
Fri, May 16
Other
NATO allies need to close defence spending gaps, Italy and Germany say
By Angelo Amante ROME, May 16 (Reuters) - Boosting defence spending is a task for all NATO members willing to close gaps with allies, ministers from historic low-spenders Italy and Germany said on Friday, following a round of talks with European counterparts.Germany's Boris Pistorius and Ital...Reuters
Fri, May 16
