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LIVE MARKETS-US stocks start out mixed after inflation report
Nasdaq up ~0.7%, S&P 500 modestly green, Dow declinesCons Disc leads S&P 500 sector gainers; Healthcare weakest groupEuro STOXX 600 index up ~0.1%Dollar down; gold ~flat; bitcoin, crude both up ~1%US 10-Year Treasury yield edges up to ~4.47%Welcome to the home for real-time coverage of marke...Reuters
Tue, May 13
Stocks
Bernstein says market overreacting to Trump order, sees limited new impact on PBMs
Investing.com -- Bernstein analysts say the market has overreacted to President Trump’s latest executive order on drug pricing, arguing that the directive poses limited new risks to pharmacy benefit mInvesting.com
Tue, May 13
Cryptocurrencies
Deals of the day-Mergers and acquisitions
May 13 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Tuesday : ** Borletti Group has acquired a minority stake in U.S. denim and casual wear brand True Religion, the investment firm, which has stakes in department stores Rinascente and Printemps...Reuters
Tue, May 13
Other
Honeywell's India unit posts smaller fourth-quarter profit as costs surge
May 13 (Reuters) - Honeywell Automation India HONE.NS reported a fall in fourth-quarter profit on Tuesday as rising expenses outpaced revenue growth.Profit at the Indian subsidiary of U.S. conglomerate Honeywell International HON.O fell 5.6% year-on-year to 1.4 billion rupees ($16.4 million) for the...Reuters
Tue, May 13
Stocks
Atossa Therapeutics Inc reports results for the quarter ended March 31 - Earnings Summary
Atossa Therapeutics Inc ATOS.OQ reported a quarterly adjusted loss of 5 cents per share for the quarter ended March 31, identical to the same quarter last year. The mean expectation of three analysts for the quarter was for a loss of 6 cents per share. Wall Street expected results to range from -...Reuters
Tue, May 13
Other
Funding cuts leave women's aid organisations 'stretched to brink'
By Olivia Le Poidevin GENEVA, May 13 (Reuters) - Funding cuts have hit aid organisations that help the world's most vulnerable women especially hard, with over half of those surveyed at risk of closure within six months, a report by the United Nations agency for women said on Tuesday.Since U....Reuters
Tue, May 13
Stocks
First Solar rises after Wolfe Research upgrades rating
** Shares of solar panel maker First Solar FSLR.O rise 17% to $182.83 after Wolfe Research upgrades rating to "outperform" ** Brokerage attributes the upgrade to better clarity on 45X credit rules, adding co stands to earn $10 bln or ~$92/share of credits through 2031** 45X tax credits offe...Reuters
Tue, May 13
Other
Colombia's Nutresa Sells Stake In Starbucks Franchise Operator To Alsea Unit
May 13 (Reuters) - Grupo Nutresa SA NCH.CN late on Monday:NUTRESA SAYS IT SOLD 30% STAKE IN ESTRELLA ANDINA, STARBUCKS FRANCHISE OPERATOR IN COLOMBIA, TO UNIT OF MEXICO'S ALSEANUTRESA DID NOT DETAIL THE DEAL VALUEReuters
Tue, May 13
Stocks
2 Monster Stocks in the Making to Buy Now and Hold for 10 Years
Investing in promising companies before their stock prices soar is an excellent recipe for earning life-changing returns. However, with hundreds of companies vying for investors' attention, separating the wheat from the chaff can be challenging.Recognizing those corporations with long-term market-be...The Motley Fool
Tue, May 13
Other
RPT-INSIGHT-China's AI-powered humanoid robots aim to transform manufacturing
China's humanoid robots aim to boost economic growth, manufacturing edgeAdvances in AI help to make humanoid robots economically valuableGovernment subsidies, funds support humanoid robot developmentRobots' rise spurs talk of AI unemployment insuranceBy Brenda Goh, Eduardo Baptista, Qiaoyi L...Reuters
Tue, May 13
Other
DIARY-Political and General News Events from May 13
May 13 (Reuters) - For other diaries, please see:Political and General News POL/DIARYTop Economic Events M/DIARYEmerging Markets Economic Events EMRG/DIARYGovernment Debt Auctions D/DIARYU.S. Federal Reserve FED/DIARYToday in Washington WASH/DIARY ---------...Reuters
Tue, May 13
Other
US trade negotiator says 10% universal tariff will rebuild domestic manufacturing
US says moving quickly in talks with other countriesSectoral tariffs, universal 10% duty to stay in placeUS not trying to encircle China, Greer saysBy Andrea Shalal and Doina ChiacuWASHINGTON, May 13 (Reuters) - U.S. Trade Representative Jamieson Greer said on Tuesday a 10% universal tariff on goods...Reuters
Tue, May 13
Other
Trump administration terminates another $450 million in grants to Harvard
BOSTON, May 13 (Reuters) - U.S. President Donald Trump's administration said on Tuesday that eight federal agencies will terminate another $450 million in grants to Harvard University, on top of $2.2 billion in federal funding that it canceled last week.Reuters
Tue, May 13
Stocks
Fennec Pharma rises after Q1 sales beat
** Shares of drugmaker Fennec Pharmaceuticals FENC.O rise 3.3% to $6.47** Company reports Q1 sales rose 18% to $8.8 million, compared with analysts' estimates of $8.2 million - data compiled by LSEG** Company posts quarterly net loss of 4 cents per share vs estimated loss of 9 cents per share** ...Reuters
Tue, May 13
Other
Origin Specialty gets Emerald Bay capacity for quick-service restaurant property program
By Chris MunroMay 1 - (The Insurer) - Origin Specialty Underwriters has launched an exclusive property program targeted at quick-service restaurants, with the offering backed by non-admitted AM Best A-minus rated capacity from Emerald Bay Specialty Insurance Company.The monoline property program off...Reuters
Tue, May 13
Other
China, Brazil agree to defend free trade as leaders meet in Beijing
Xi, Lula pledge to defend free trade, multilateralismChina, Brazil sign 20 deals including on agriculture exportsTwo sides voice support for direct talks between Russia, Ukraine BEIJING/BRASILIA, May 13 (Reuters) - China and Brazil pledged on Tuesday to defend free trade and multilateralism, sign...Reuters
Tue, May 13
Other
Sweden to propose EU membership of Pacific rim free trade group CPTPP
STOCKHOLM, May 13 (Reuters) - Sweden said on Tuesday it would propose that the European Union join a Pacific rim-based trading group with the aim of forming the world's biggest free trade area to help counter the impact of U.S. President Donald Trump's tariffs.The Comprehensive and Progressi...Reuters
Tue, May 13
Other
UnitedHealth Says Including Higher Cost Expectations In 2026 Medicare Advantage Bid - Conf Call
May 13 (Reuters) - UnitedHealth Group Inc UNH.N:UNITEDHEALTH EXEC SAYS CO IS INCLUDING HIGHER COST EXPECTATIONS IN ITS 2026 MEDICARE ADVANTAGE BID DUE IN A FEW WEEKS - CONF CALLUNITEDHEALTH EXEC SAYS CO IS SEEING INCREASED DEMAND FOR MEDICAL CARE FROM NEW MEMBERS AND FROM PEOPLE WITH COMPLEX CONDITI...Reuters
Tue, May 13
Stocks
MIDEAST STOCKS-Most Gulf Markets settle higher as investors weigh U.S.-China trade truce
May 13 (Reuters) - Most stock markets in the Gulf settled higher on Tuesday, although gains were limited as investors paused to weigh whether a temporary pause in the U.S.- China trade war would lead to a long-lasting agreement.Brent crude futures rose about 1%, to $65.61 a barrel by 1209 GMT, but g...Reuters
Tue, May 13
