AbbVie takes $2.1 billion charge on cancer drug ahead of US price negotiation
By Leroy Leo and Christy Santhosh (Reuters) -AbbVie, girding for government price negotiations on its big-selling cancer drug Imbruvica, on…
Author: Trading Reports Daily
Amazon rallies on cloud optimism as it chases Microsoft for AI business
By Aditya Soni (Reuters) -Amazon.com rose 7% on Friday on a pick up in growth at its most profitable cloud…
Ford again warns on EV results, withdraws 2023 forecast
By Paul Lienert and Nathan Gomes DETROIT (Reuters) -Ford Motor on Thursday withdrew its full-year results forecast due to “uncertainty”…
Amazon’s cloud stabilizing, shoppers cautious heading into holiday season
By Jeffrey Dastin and Akash Sriram (Reuters) -Amazon.com on Thursday said growth in its cloud business is stabilizing as it…
US, China need ‘comprehensive’ dialogue to stabilize ties, China’s Wang says
WASHINGTON (Reuters) – The United States and China have disagreements but they also share common interests, and the two countries…
Chipotle quarterly results shine as burrito cravings defy high prices
By Deborah Mary Sophia (Reuters) -Chipotle Mexican Grill surpassed market expectations for quarterly results on Thursday, as unwavering demand for…
OPEC+ members send less oil to U.S., adding to tight supply outlook
By Stephanie Kelly and Alex Lawler NEW YORK (Reuters) – U.S. waterborne imports of crude from OPEC+ members including Saudi…
Tesla gets $100 million US ultra-fast charger order from BP EV charging unit
By Nick Carey LONDON (Reuters) – BP’s electric vehicle charger unit is ordering $100 million worth of Tesla ultra-fast chargers…
FedEx says U.S. Express service disrupted, blames FAA IT outage overnight
LOS ANGELES (Reuters) -FedEx Corp on Wednesday said its U.S. Express deliveries could be delayed due to an overnight Federal…
U.S. will extend EU metals tariff exemption if needed -envoy
BRUSSELS (Reuters) – The United States will roll over its suspension of tariffs on European Union steel and aluminium if…