By Manas Mishra, Michael Erman (Reuters) -Pfizer on Tuesday said it does not expect the Trump administration to make major changes to vaccine policy next year even as the president-elect has put forward vaccine skeptic Robert F. Kennedy Jr. as his nominee to run the Department of Health and Human Services. Pfizer CEO Albert Bourla […]
Starbucks workers’ union authorizes potential US strike
(Reuters) -The workers’ union representing more than 10,000 Starbucks baristas said they have authorized a potential strike, ahead of this year’s final round of bargaining talks with the coffee giant on Tuesday. Workers United, which has a bargaining delegation that represents workers at 525 Starbucks stores in the United States, said the coffee giant has […]
AI startup Basis raises $34 million for accounting automation ‘agent’
By Anna Tong (Reuters) – Artificial intelligence startup Basis has raised $34 million in a Series A funding round for its AI-powered accounting automation product, the company said on Tuesday. The round was led by Khosla Ventures. Other investors included NFDG, the AI-focused fund run by former GitHub CEO Nat Friedman and former Apple executive […]
Fed caution, inflation risks propel US Treasury yield forecasts higher again- Reuters poll
By Sarupya Ganguly BENGALURU – U.S. Treasury yield forecasts from bond strategists have marched higher for a second month amid expectations of limited remaining Federal Reserve rate reductions and rising inflation risks in 2025, a Reuters survey found. Having kicked off its easing cycle with a jumbo half-percentage point cut in September, the central bank […]
US offers California’s PG&E record $15 billion loan to bolster power grid
By Timothy Gardner and Laila Kearney WASHINGTON/NEW YORK (Reuters) – The U.S. Department of Energy said on Tuesday it had offered a conditional loan of up to $15 billion to California-based electric utility PG&E to support climate resilience projects and strengthen the power grid. President Joe Biden’s administration is rushing to push out billions of […]
Air Canada eyes strong revenue growth by 2028, banks on robust leisure travel demand
(Reuters) – Air Canada said on Tuesday it was targeting a 36% jump in its 2028 operating revenue from the current year, riding a wave of strong demand for leisure travel across domestic and international routes. Airlines worldwide are optimistic about the future of air travel, driven by a post-pandemic surge as travelers shift their […]
Paramount’s $8.4 billion Skydance merger faces FCC challenge by Center for American Rights
(Reuters) – The Center for American Rights, a non-profit public-interest law firm, has petitioned the Federal Communications Commission (FCC) to challenge the planned $8.4 billion merger between Paramount Global and Skydance Media, a filing showed on Tuesday. China’s Tencent Holdings’ investment in Skydance sparks concerns about foreign influence on U.S. media, the firm said. The […]
Hungary central bank leaves base rate steady for third straight month
By Gergely Szakacs and Krisztina Than BUDAPEST (Reuters) -Hungary’s central bank left its base rate steady at the European Union’s joint highest level of 6.5% on Tuesday, as widely expected, after falls in the forint since its latest rate cut and tax hikes have sharply raised next year’s inflation path. S&P Global said on Thursday […]
Honda aims to double hybrid car sales by 2030 as ‘bridge’ to EV era
TOKYO (Reuters) – Honda Motor aims to double its global hybrid car sales to 1.3 million vehicles annually by 2030 from 2023 levels, providing a “bridge” until fully electric vehicles become more widespread, the Japanese automaker said on Wednesday. From 2026, Honda will start to install new, more fuel-efficient hybrid systems for compact and mid-sized […]
MicroStrategy’s Nasdaq-100 entry attracts nearly $11 million of retail inflows
By Niket Nishant and Manya Saini (Reuters) – Retail investors poured nearly $11 million into MicroStrategy’s shares on Monday, almost three times their average daily inflows this year, after the biggest corporate holder of bitcoin secured a spot in the Nasdaq-100 index. The data, compiled by Vanda Research on Tuesday, highlights the bitcoin bull’s growing […]