Paramount Global to raise prices for its streaming plans
(Reuters) – Paramount Global is raising subscription rates for its flagship streaming services, the media giant said on Monday, as it looks to recalibrate its business and pay off debt.…
Rite Aid defeats MedImpact in $200 million Elixir sale dispute
By Dietrich Knauth NEW YORK (Reuters) – MedImpact’s attempt to recoup about $200 million related to its purchase of Rite Aid’s pharmacy benefit unit failed after a judge ruled on…
Wegovy-maker Novo Nordisk to spend $4.1 billion to boost US manufacturing
By Isabelle Yr Carlsson and Maggie Fick COPENHAGEN/LONDON (Reuters) – Obesity drug-maker Novo Nordisk will spend $4.1 billion to build a U.S. facility to fill injection pens for its hugely…
Electric-vehicle maker Rivian simplifies output, cuts costs, aiming for first profit
By Abhirup Roy NORMAL, Illinois (Reuters) -Electric-vehicle maker Rivian’s drive to cut costs and turn its first profit has removed over 100 steps from the battery-making process, 52 pieces of…
US aircraft carrier arrives in South Korea for military drills
SEOUL (Reuters) – A nuclear-powered U.S. aircraft carrier, the Theodore Roosevelt, arrived in the South Korean port city of Busan on Saturday to take part in joint military exercises later…
Drone attack causes damage to vessel west of Yemen’s Hodeidah
CAIRO (Reuters) – A drone attack caused damage to a merchant vessel 65 nautical miles west of Yemen’s Hodeidah, the United Kingdom Maritime Trade Operations (UKMTO) and British security firm…
Apple and Meta have discussed AI partnership, WSJ reports
(Reuters) -Facebook parent Meta Platforms has discussed integrating Meta’s generative AI model into Apple Inc’s recently announced AI system for iPhones, the Wall Street Journal reported on Sunday. Apart from…
Nvidia to launch in Middle East amid U.S. curbs on AI exports to region, Ooredoo CEO says
By Andrew Mills DOHA (Reuters) – Nvidia has signed a deal to deploy its artificial intelligence technology at data centres owned by Qatari telecoms group Ooredoo in five Middle Eastern…
Biden, Trump prep for presidential debate that will highlight mental fitness
By Nathan Layne and Trevor Hunnicutt (Reuters) – President Joe Biden is hunkered down with aides at Camp David for several days to get ready to debate rival Donald Trump,…
US imposes sanctions on Russia’s AO Kaspersky Lab executives over cyber risks
WASHINGTON (Reuters) – The United States slapped sanctions on 12 people in senior leadership roles at AO Kaspersky Lab on Friday, citing cybersecurity risks a day after the Biden administration…