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Uber bets on affordability with shared fixed-route rides, expanded passes
May 14 (Reuters) - Uber Technologies UBER.N on Wednesday unveiled a range of new offerings such as shared fixed-route rides and expanded membership passes, targeting consumers seeking cost-effective ways to travel. The ride-sharing app has been looking to invest in more affordable transport and...Reuters
Wed, May 14
Commodities
US health department to reverse federal layoffs of coal safety workers, senator says
Over 100 federal employees at NIOSH reinstated permanentlyReinstatements include workers from coal mine health surveillance unitMost NIOSH planned layoffs to proceed despite reinstatementsBy Valerie Volcovici WASHINGTON, May 13 (Reuters) - Over 100 federal employees who screen coal miners for bla...Reuters
Wed, May 14
Economic Indicator
US crude stocks rise, gasoline and distillate inventories fall - EIA
NEW YORK, May 14 (Reuters) - U.S. crude stocks rose while gasoline and distillate inventories fell last week, the Energy Information Administration said on Wednesday.Crude inventories rose by 3.5 million barrels to 441.8 million barrels in the week ended May 9, the EIA said, compared with analysts&#...Reuters
Wed, May 14
Other
Advocacy group threatens Meta with injunction over data-use for AI training
Meta rejects the advocacy group's argumentsHas cited legitimate interest under EU privacy rulesCampaigners says damage claims could be many billions of eurosBy Foo Yun Chee BRUSSELS, May 14 (Reuters) - Austrian advocacy group NOYB will seek an injunction against Meta Platforms META.O, it said...Reuters
Wed, May 14
Economic Indicator
Environmental activism heats up as energy policies shift
By Rebecca DelaneyMay 9 - (The Insurer) – As policy changes begin to feed through from the ‘super-year’ of elections in 2024, the scope of environmental activism is evolving, with potential to impact a rising number of insurance classes.The movement was previously characterised by peaceful strikes o...Reuters
Wed, May 14
Other
Neuralink Says Launching Our First Clinical Trial In The Middle East At Cleveland Clinic Abu Dhabi
May 14 (Reuters) - NEURALINK: LAUNCHING OUR FIRST CLINICAL TRIAL IN THE MIDDLE EAST AT CLEVELAND CLINIC ABU DHABINEURALINK: UAE-PRIME TRIAL EXPLORES HOW INDIVIDUALS WITH MOTOR AND SPEECH IMPAIRMENT CAN USE THOUGHT TO CONTROL DEVICES & COMMUNICATESource text: https://tinyurl.com/bdmwwc66Further ...Reuters
Wed, May 14
Stocks
AI chipmaker AMD unveils $6 billion buyback plan
May 14 (Reuters) - Advanced Micro Devices AMD.O on Wednesday announced a new $6 billion stock buyback plan, joining a string of chipmakers that are looking to reduce their float as the AI trade that has powered their shares shows some signs of slowing. Shares of the Santa Clara, California-based com...Reuters
Wed, May 14
Stocks
Aerospace parts maker Loar falls as top holders to trim stakes
** Shares of Loar Holdings LOAR.N fall 7.5% to $86.18 early Weds after aerospace parts suppler launches secondary offering** White Plains, New York-based firm late Tues said certain stockholders to sell 9 mln shares** Hedge fund Abrams Capital Management, a 40% holder, Blackstone BX.N and GPV Loar, ...Reuters
Wed, May 14
Stocks
Exelixis hits 25-year high after lifting 2025 revenue forecast
** Shares of cancer drugmaker Exelixis EXEL.O rise as much as 19.2% to near 25-year high of $45.29 ** Stock is set for its best day in over five years, if gains hold** Co late on Tuesday raised 2025 rev. forecast between $2.25 billion and $2.35 billion, compared with prior view of between $2.15 bill...Reuters
Wed, May 14
Other
Warner Bros Discovery revives HBO Max branding for global push
May 14 (Reuters) - Warner Bros Discovery WBD.O is hitting rewind on Max's branding, bringing back the HBO name it dropped from the streaming service two years ago.The company will rebrand its streaming platform as HBO Max this summer, betting that the iconic brand's global reputation will dr...Reuters
Wed, May 14
Stocks
US STOCKS-S&P flat as investors focus on trade developments
Indexes up: Dow 0.07%, S&P 500 0.03%, Nasdaq 0.26%Three Fed speakers scheduled to speak on WednesdayAmerican Eagle Outfitters drops after withdrawing FY forecastBy Shashwat Chauhan and Pranav Kashyap May 14 (Reuters) - The S&P 500 was flat in choppy trading on Wednesday after the week...Reuters
Wed, May 14
Economic Indicator
Domino's India operator posts higher profit on strong online sales, new stores
By Shivani TannaMay 14 (Reuters) - India's Jubilant FoodWorks JUBI.NS reported increased fourth-quarter profit and sales growth on Wednesday, as the Domino's Pizza franchisee benefited from strong online sales due to discounts and free deliveries, as well as new store additions.India's f...Reuters
Wed, May 14
Stocks
Legend Biotech slips after brokerages cut PT
** Shares of biopharmaceutical company Legend Biotech LEGN.O slip 5.6% to $29.33 after at least two brokerages cut PT following Q1 results** Truist cuts PT to $71 from $88; says co's multiple myeloma cancer drug Carvykti's U.S. growth was slower with manufacturing facility in partnership wit...Reuters
Wed, May 14
Other
US health secretary Kennedy says he will spend any money Congress appropriates for NIH
WASHINGTON, May 14 (Reuters) - U.S. health secretary Robert F. Kennedy Jr. said at a House Appropriations Committee hearing on Wednesday he would spend any funds appropriated by Congress for biomedical research at the National Institutes for Health.Kennedy was responding to a question from Represent...Reuters
Wed, May 14
Other
China pauses some non-tariff measures on US entities
BEIJING, May 14 (Reuters) - China on Wednesday paused some non-tariff measures taken against 17 U.S. entities put on its unreliable entity list in April and 28 U.S. entities on its export control list, the commerce ministry said.Reuters
Wed, May 14
Commodities
INSIGHT-Rogue communication devices found in Chinese solar power inverters
Rogue communication devices found in Chinese solar invertersUndocumented cellular radios also found in Chinese batteries U.S. says continually assesses risk with emerging technologyU.S. working to integrate 'trusted equipment' into the gridBy Sarah McFarlane LONDON, May 14 (Reuters) - U.S...Reuters
Wed, May 14
Other
Trump envoy Witkoff says he will go to Turkey on Friday for Russia-Ukraine talks
DOHA, May 14 (Reuters) - U.S. President Donald Trump's envoy Steve Witkoff said he and Secretary of State Marco Rubio would travel to Istanbul on Friday for Russia-Ukraine talks. Witkoff told reporters in Doha that it was unclear if Russian President Vladimir Putin will attend the planned talks...Reuters
Wed, May 14
