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Nasdaq to invest $100 million in Kraken parent to deepen tokenization push
3+ day, 21+ hour ago (198+ words) Sept 10 (Reuters) – Nasdaq said on Thursday its venture arm agreed to invest $100 million in Payward, parent company of cryptocurrency exchange Kraken, deepening a partnership aimed at developing infrastructure for trading tokenized equities. • Nasdaq said the companies aim to build infrastructure…...
ECB raises interest rates to fight off inflation jump
3+ day, 21+ hour ago (420+ words) FRANKFURT, Sept 10 (Reuters) – The European Central Bank raised interest rates for the second time this year in a widely flagged move on Thursday, hoping to tame an inflation rise driven entirely by higher energy costs from the Iran war. Surging…...
DOJ probes Nvidia’s licensing deal with AI startup Groq, NYT reports
4+ day, 7+ hour ago (174+ words) Sept 9 (Reuters) – The U.S. Justice Department is investigating whether Nvidia structured its licensing deal with AI chip startup Groq to avoid antitrust scrutiny, the New York Times reported on Wednesday, citing two people familiar with the matter. Nvidia announced a…...
Amazon raises almost $6 billion in first sterling bond sale, lead manager says
4+ day, 10+ hour ago (390+ words) LONDON, Sept 9 (Reuters) – Amazon raised £4.25 billion ($5.76 billion) from its first-ever sterling bond sale on Wednesday, slightly more than initially expected, according to a bank managing the deal, as hyperscalers rush to diversify their funding sources to finance the AI boom....
Finland says GNSS jamming, wind caused Ukrainian drones to enter its airspace in spring
4+ day, 23+ hour ago (188+ words) HELSINKI, Sept 9 (Reuters) – Four Ukrainian military drones found in Finland in March and April were diverted from their intended route by satellite navigation interference in combination with wind, Finnish police and border guards said on Wednesday. Finland and nearby Estonia,…...
Goldman expands AI push with new engineering office in Bellevue
5+ day, 12+ hour ago (144+ words) Sept 8 (Reuters) – Goldman Sachs said on Tuesday it has opened a new office in Bellevue, Washington, to serve as a dedicated engineering location for more than 125 employees focused on AI and cloud transformation. Corporate America has stepped up investments in…...
Bank of England to hold rates, show patience with war-driven inflation: Reuters poll
5+ day, 12+ hour ago (580+ words) LONDON, Sept 8 (Reuters) – The Bank of England will hold Bank Rate at 3.75% for the rest of the year and through at least mid-2027, according to a Reuters poll of economists who still judge inflation is not strong enough for a…...
Novartis twin drug setbacks pile pressure on pipeline, CEO
5+ day, 23+ hour ago (643+ words) By Bhanvi Satija, Dave Graham and Marleen Kaesebier ZURICH, Sept 8 (Reuters) – Novartis said on Tuesday its experimental drug for a muscle-wasting disorder failed a late-stage study, the second major trial setback in days and sending the Swiss drugmaker’s shares down…...
Novo scraps two more heart drug trials, further dimming growth beyond obesity
6+ day, 15+ hour ago (194+ words) Sept 7 (Reuters) – Novo Nordisk said on Monday it had halted two additional trials of its experimental cardiovascular drug ziltivekimab, further denting the Danish drugmaker’s efforts to diversify beyond its blockbuster obesity and diabetes franchise. In July, Novo said ziltivekimab failed…...
Volkswagen finds defence future for German plant amid major overhaul
6+ day, 23+ hour ago (499+ words) By Christina Amann and Christoph Steitz OSNABRUECK, Germany, Sept 7 (Reuters) – Volkswagen on Monday struck a preliminary deal that will see one of its German sites switch to defence production, a first in the automaker’s efforts to restructure plants struggling to…...