(Reuters) -Merck’s oral cholesterol pill succeeded in two late-stage studies, marking a win for the drugmaker as it focuses on…
Pentagon to deploy 700 Marines to Los Angeles, official says
WASHINGTON (Reuters) -The U.S. military is set to temporarily deploy about 700 Marines to Los Angeles while additional National Guard…
OpenAI’s annualized revenue hits $10 billion, up from $5.5 billion in December 2024
(Reuters) -OpenAI said on Monday that its annualized revenue run rate surged to $10 billion as of June, positioning the…
SEC wins dismissal of lawsuit challenging tighter rules on shareholder proposals
By Jonathan Stempel (Reuters) -A federal judge on Thursday dismissed a lawsuit challenging U.S. Securities and Exchange Commission rule changes…
Circle’s blockbuster IPO paves way for other crypto public listings
By Hannah Lang and Suzanne McGee (Reuters) -Stablecoin issuer Circle’s $1.05 billion initial public offering on Thursday could spur other…
Broadcom forecasts upbeat third-quarter revenue on AI chip demand
(Reuters) -Broadcom forecast third-quarter revenue above Wall Street estimates on Thursday, betting on strong demand for its networking and custom…
US senators propose sweeping FAA air safety reforms after fatal collision
WASHINGTON (Reuters) -A group of seven Democratic senators on Thursday introduced sweeping air safety legislation after a fatal collision between…
Congress budget office says Trump tax bill could cost $2.4 trillion, less than earlier forecast
By Richard Cowan WASHINGTON (Reuters) -The nonpartisan Congressional Budget Office on Wednesday lowered its estimate of how much President Donald…
Raytheon secures $1.1 billion US Navy contract for more short-range missiles
(Reuters) -RTX’s defense arm Raytheon said on Wednesday it has been awarded a $1.1 billion contract from the U.S. Navy…
Nvidia chips make gains in training largest AI systems, new data shows
By Stephen Nellis SAN FRANCISCO (Reuters) -Nvidia’s newest chips have made gains in training large artificial intelligence systems, new data…