S&P, Nasdaq end lower as Nvidia drags the tech sector for second day
By Echo Wang (Reuters) -The S&P 500 and Nasdaq closed marginally lower on Friday, weighed down by a decline in Nvidia shares for a second straight day, which dragged down…
Tesla tells judge that shareholder vote should reverse Musk pay ruling
By Tom Hals WILMINGTON, Delaware (Reuters) – A Delaware judge should recognize a vote by Tesla shareholders in favor of Elon Musk’s $56 billion pay package and reverse her January…
Fisker heads toward liquidation as creditors fight over assets
By Dietrich Knauth NEW YORK (Reuters) – Electric vehicle startup Fisker is headed towards a liquidation, attorneys said in U.S. bankruptcy court on Friday, as two creditor factions previewed a…
TikTok says US ban is inevitable without a court order blocking law
By David Shepardson WASHINGTON (Reuters) – TikTok and Chinese parent ByteDance on Thursday urged a U.S. court to strike down a law they say will ban the popular short app…
Nestle, Coke take cautious approach to catering to Ozempic users
By Jessica DiNapoli NEW YORK (Reuters) -Nestle’s new food brand for people taking weight-loss drugs like Wegovy will note that the meals are high in protein, fiber and nutrients, but…
Tesla must face owners’ lawsuit claiming it monopolizes vehicle repairs and parts
By Jonathan Stempel (Reuters) – A U.S. judge said Tesla vehicle owners can pursue a proposed class action accusing billionaire Elon Musk’s electric car company of monopolizing markets for repairs…
Fed’s Harker: one interest rate cut this year my base case
(Reuters) – The U.S. Federal Reserve would be able to cut its benchmark interest rate once this year, Philadelphia Fed President Patrick Harker said on Monday, if his economic forecast…
US VP Harris announces $1.5 billion in Ukraine aid at Switzerland peace summit
By Steve Holland LUCERNE, Switzerland (Reuters) -U.S. Vice President Kamala Harris pledged America’s unwavering support for Ukraine and announced more than $1.5 billion in aid for the country’s energy sector…
Novo Nordisk CEO to testify in US Senate hearing on high cost of Ozempic, Wegovy
(Reuters) -The Senate Committee on Health, Education, Labor, and Pensions said on Friday that Novo Nordisk CEO Lars Jorgensen has agreed to testify voluntarily in a hearing focusing on U.S.…
Musk wins pay approval but still faces Tesla’s floundering stock and rich valuation
By Noel Randewich (Reuters) – Tesla shareholders approved CEO Elon Musk’s $56 billion pay package in a what was seen as an endorsement of his leadership, but the electric car…