By Prakhar Srivastava and Pritam Biswas (Reuters) -Metsera, which is developing weight-loss drugs, said on Monday it is seeking a valuation of up to $1.78 billion in its U.S. IPO, aiming to capitalize on Wall Street’s insatiable appetite for such treatments. Hopes of a soft landing for the U.S. economy and expectations of a more…
By Stephen Nellis SAN FRANCISCO (Reuters) -Nvidia on Monday said Chinese AI firm DeepSeek’s advances show the usefulness of its chips for the Chinese market and that more of its chips will be needed in the future to meet demand for DeepSeek’s services. Nvidia issued a statement on Monday after its shares tumbled 17% on…
By Aditya Soni and Zaheer Kachwala (Reuters) – Chinese startup DeepSeek’s cheaper AI is sharpening investor scrutiny of the billions U.S. tech giants are pouring to develop the technology and analysts say it will dominate this week’s much-awaited results from industry bellwethers. DeepSeek has claimed it took just two months and cost under $6 million…
(Reuters) -Siemens Energy, the world’s biggest maker of offshore wind turbines, reported on Monday a preliminary first-quarter revenue of 8.94 billion euros ($9.37 billion), up 18.4% on a comparable basis and slightly above consensus estimates. The firm’s preliminary order intake figures stood at 13.67 billion euros for the quarter, down 10.2% on a comparable basis,…
(Reuters) – Wall Street banks are preparing to sell a big portion of debt holdings in social media platform X, the Wall Street Journal reported on Friday, citing people familiar with the matter. Bankers at Morgan Stanley have contacted investors ahead of next week’s planned sale of up to $3 billion in debt that lenders…
By Erin Banco NEW YORK (Reuters) – The Palestinian militant group Hamas has recruited between 10,000 and 15,000 members since the start of its war with Israel, according to two congressional sources briefed on U.S. intelligence, suggesting the Iran-backed fighters could remain a persistent threat to Israel. The intelligence indicates a similar number of Hamas…
(Reuters) – Amazon’s Prime Video has shifted its strategic focus towards live sports and away from original television shows and movies, seeking to meet internal corporate profit targets, The Information reported on Friday. Amazon’s reported move marks a pivotal moment for the tech giant as it looks beyond its traditional focus on original content for…
(Reuters) – Meta Platforms will begin test launching ads on its social media platform Threads with a few brands in the U.S. and Japan, it said on Friday, as the app hits over 300 million monthly active users. During early testing starting Friday, image ads will appear in the Threads home feed, placed between content…
By Daniel Wiessner (Reuters) – A federal judge on Friday granted the U.S. Department of Justice’s request to pause a lawsuit by Elon Musk’s SpaceX claiming the agency lacks the power to pursue claims that the space technology company refused to hire certain immigrants. U.S. Magistrate Judge Ignacio Torteya in Brownsville, Texas, made the decision…
By Helen Reid and James Davey LONDON (Reuters) -Online fast-fashion retailer Shein requires its contract manufacturers to only source cotton from approved regions, which do not include China, for products it sells in the United States, its biggest market, the company said on Friday. Approved cotton sources include Australia, Brazil, India, the United States and,…
