By Deena Beasley, Mariam Sunny and Siddhi Mahatole (Reuters) -The U.S. Food and Drug Administration has approved expanded use of Amgen’s drug, Uplizna, to help reduce the risk of flares in patients with a rare immune system-related condition, the regulator said on Thursday. The drug, also known as inebilizumab, has now become the first FDA-approved…
By Nell Mackenzie and Carolina Mandl LONDON (Reuters) -Turbulent March markets stalled positive returns for some of the biggest global hedge funds while systematic and some smaller, more nimble funds ended the first quarter with positive returns, according to sources familiar with the matter. As investors adjusted to seismic shifts in German policies and growing…
By David Lawder WASHINGTON (Reuters) -The Trump administration on Wednesday said it was slapping a 25% tariff on all beer imports, adding the beverage and empty aluminum cans to a list of derivative products subject to its tariffs on aluminum. The Commerce Department said in a Federal Register notice that duties on beer and empty…
By Akash Sriram and Abhirup Roy (Reuters) -Tesla’s quarterly sales plunged 13% to the weakest in nearly three years, hurt by a backlash against CEO Elon Musk’s politics, rising global competition, and people waiting for a refresh to its highest-selling electric vehicle Model Y. The stumbling sales indicate that the one-time leading brand is reeling…
By Dawn Chmielewski, Anna Tong and Greg Bensinger (Reuters) -As the weekend deadline for TikTok to find a buyer approaches, bidders for the short-video social media site are piling up. Amazon and, separately, a consortium led by OnlyFans founder Tim Stokely are the latest to throw their hats into the ring for TikTok. The site…
MILAN (Reuters) – Tesla’s new car registrations in Italy rebounded sharply in March after a plunge the previous month to stand down 7% year-on-year in the quarter as a whole, data from the Transport Ministry showed on Tuesday. The quarterly number adds to signs that drivers are shunning Elon Musk’s electric vehicle brand as competition…
(Reuters) – Meta Platforms’ head of artificial intelligence research, Joelle Pineau, plans to leave the company, at a time when the tech giant is aggressively investing and competing in the AI space. Pineau, who has been with the company for eight years and has led Meta’s Fundamental AI Research group (FAIR) since 2023, will depart…
(Reuters) -China’s tech and e-commerce giant Alibaba Group is planning to release Qwen 3, an upgraded version of its flagship AI model, as soon as this month, Bloomberg News reported on Tuesday, citing a person familiar with the matter. The new release may arrive later in April, although the exact timing could still change, the…
(Reuters) – U.S. President Donald Trump will consider on Wednesday a final proposal related to TikTok, CBS News reported on Tuesday, citing sources, ahead of an April 5 deadline for the app to find a non-Chinese buyer or face a U.S. ban. There will be a meeting at the Oval Office involving Vice President JD…
By Saqib Iqbal Ahmed NEW YORK (Reuters) -As Wall Street draws the curtain on a tumultuous quarter in which stocks logged a record high before tumbling into correction, investors are faced with a mountain of policy uncertainty that clouds the outlook for coming quarters. The S&P 500 Index finished the quarter down 4.6%, its worst…
