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Microsoft wins appeal in FTC challenge to $69 bln Activision Blizzard deal
By Mike Scarcella May 7 (Reuters) - A federal appeals court on Wednesday rejected a legal challenge by the Federal Trade Commission to Microsoft's MSFT.O $69 billion purchase of “Call of Duty” maker Activision Blizzard.The San Francisco-based 9th U.S. Circuit Court of Appeals upheld a lower j...Reuters
May 7, 2025
Other
US FDA advisers to discuss COVID-19 vaccine recommendations
May 7 (Reuters) - The U.S. Food and Drug Administration said on Wednesday it will hold a meeting of experts to discuss COVID-19 vaccine recommendations for the 2025-2026 vaccination season.The meeting will be held virtually on May 22.Reuters
May 7, 2025
Other
Column: Lawsuits test Airbnb’s alleged liability in carbon monoxide deaths
By Jenna Greene May 7 (Reuters) - Sebastian Mejia died in the shower of an Airbnb rental in Brazil in 2022, the alleged victim of carbon monoxide poisoning from a faulty water heater. A Fulbright scholar, the 24-year-old Florida native was studying the country’s indigenous communities.That same y...Reuters
May 7, 2025
Commodities
GRAINS-Chicago soybeans choppy amid US-China trade optimism
Soybeans gained support from signs of warming trade relationsCorn, wheat lose ground on favorable weather conditionsBy Heather Schlitz CHICAGO, May 7 (Reuters) - Chicago soybean, corn and wheat futures chopped up and down on Wednesday as signs of a thaw in the trade standoff between China and the...Reuters
May 7, 2025
Commodities
Oil market 'smile' suggests Saudi Arabia's output shift was well timed
OPEC+ agreed another accelerated oil output hike for JuneOil market shows tight immediate balances Driving season boosts demand, can absorb extra OPEC+ oilNew oil from Brazil, Guyana to hit market by end 2025By Robert Harvey and Dmitry Zhdannikov LONDON, May 7 (Reuters) - The oil market appears t...Reuters
May 7, 2025
Stocks
Why Opendoor Technologies Stock Is Soaring Today
Shares of Opendoor Technologies (NASDAQ: OPEN) were soaring today after the online home flipper posted better-than-expected results in its first-quarter earnings report.The stock had fallen sharply in recent months, but the latest round of results gave investors some hope that the company can build ...The Motley Fool
May 7, 2025
Commodities
US farm secretary says new dietary guidelines coming hopefully in early fall
Rollins and Kennedy working on revision of dietary guidelines$20 billion in disaster aid to farmers to begin flowing by end of month, Rollins saysLawmakers challenge significant staff departures at farm agencyBy Leah Douglas WASHINGTON, May 7 (Reuters) - U.S. Agriculture Secretary Brooke Rollins ...Reuters
May 7, 2025
Stocks
Sensei Biotherapeutics Inc reports results for the quarter ended March 31 - Earnings Summary
Sensei Biotherapeutics Inc SNSE.OQ reported a quarterly adjusted loss of 27 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -32 cents. The mean expectation of three analysts for the quarter was for a loss of 22 cents per sha...Reuters
May 7, 2025
Stocks
Bioatla Inc reports results for the quarter ended March 31 - Earnings Summary
Bioatla Inc BCAB.OQ reported a quarterly adjusted loss of 26 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -48 cents. The mean expectation of three analysts for the quarter was for a loss of 35 cents per share. Wall Street...Reuters
May 7, 2025
Other
Newark airport flight woes drive FAA to take drastic measures
United CEO says only FAA can fix NewarkFAA limiting flights at New Jersey airportAirport has been hit by hundreds of flight cancellations, diversions since April 28By David Shepardson WASHINGTON, May 7 (Reuters) - The Federal Aviation Administration said Wednesday it is taking immediate steps to ...Reuters
May 7, 2025
Indices
Dow Jones Industrial Average holds steady ahead of Fed rate call
The Dow Jones Industrial Average (DJIA) trimmed into the midrange during early Wednesday trading, treading water just above the 41,000 major handle as investors await the latest rate call from the Federal Reserve (Fed).Fxstreet
May 7, 2025
Other
US senator says US intel should not help Germany monitor far-right party
By Patricia Zengerle WASHINGTON, May 7 (Reuters) - The Republican chairman of the U.S. Senate intelligence committee called on Wednesday for American spy agencies to "pause" intelligence sharing with Germany's domestic intelligence agency that could be used to target the far right Alt...Reuters
May 7, 2025
Technical Analysis
USD/JPY struggles as Fed policy decision and US-China trade talks loom
The USD/JPY pair is trading in a tight range as markets await the US Federal Reserve’s (Fed) policy decision on Wednesday. Investors widely expect the central bank to keep its policy rate unchanged in the 4.25%-4.50% range for the third consecutive meeting, despite rising economic uncertainties.
Fxstreet
May 7, 2025
Other
Cadence unveils new Nvidia-based supercomputer as it pushes into engineering, biotech software
By Stephen Nellis SANTA CLARA, California, May 7 (Reuters) - Cadence Design Systems CDNS.O unveiled on Wednesday a new supercomputer based on chips from Nvidia NVDA.O that will speed up its software offerings for everything from designing chips to jets to new drugs.Cadence supplies software that ...Reuters
May 7, 2025
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