(Reuters) – U.S.-listed shares of pot producers rise premarket on Tuesday after the Florida Supreme Court on Monday allowed voters to decide on the fate of recreational use of marijuana in the state through a referendum on the November ballot. If passed, adult-use cannabis will be legal in the country’s third-most populous state. WHY IT […]

By Ananta Agarwal and Deborah Mary Sophia (Reuters) -United Parcel Service said on Monday it will become the United States Postal Service’s (USPS) primary air cargo provider, as rival FedEx announced an end to its more than 20-year partnership with the postal service provider. USPS was the largest customer for FedEx’s air-based Express segment, even […]

MADRID (Reuters) – Ford is considering making a new sports-utility vehicle (SUV) at its plant in Valencia in Spain, the company said on Thursday. “We are closely monitoring the evolution of the European markets for opportunities to enhance our current product offering,” the group said. “Given the changes we see in the industry, we believe […]

By Leroy Leo and Sneha S K (Reuters) -Moderna on Wednesday said Blackstone’s life sciences arm would offer $750 million to help fund development of its flu vaccines, bolstering the company’s efforts to advance multiple vaccines in the face of a steep decline in sales of its COVID-19 shots. Moderna is developing several new vaccines, […]

By Medha Singh and Yuvraj Malik (Reuters) -Shares of Donald Trump’s Trump Media & Technology Group surged as much as 59% on Tuesday in their Nasdaq debut, lifted by the former U.S. president’s supporters and providing him a potential windfall as he grapples with the costs of several legal cases. At its session high of […]

COPENHAGEN (Reuters) -Ericsson on Monday said it would lay off about 1,200 employees in Sweden as part of cost-cutting measures announced earlier this year as customers reduce their spending on 5G gear. After cutting thousands of staff last year, telecoms equipment suppliers like Ericsson and Finland’s Nokia are expecting 2024 to remain challenging as 5G […]

By Helen Coster, Svea Herbst-Bayliss (Reuters) -Former U.S. President Donald Trump came a step closer on Friday to reaping a major windfall from his social media firm after investors in a blank-check acquisition company approved a merger currently worth about $5.7 billion.  The deal values Trump’s majority stake in the company that holds his app […]

By Katherine Masters and Abigail Summerville NEW YORK (Reuters) -America’s biggest publicly traded department store chains could be set for private-equity or hedge-funds ownership, dramatically changing the retail landscape in the United States. Investments in retail and consumer companies accounted for just 7% of the total U.S. private equity deal volume of $2.6 trillion in […]

(Reuters) – Haleon said on Tuesday top shareholder Pfizer offloaded a roughly $3.5 billion stake in the consumer healthcare firm, bringing down its holding in the British company to 22.6%. Pfizer previously held a 32% stake, followed by second-largest shareholder GSK which has a 4.2% holding. WHY IT’S IMPORTANT This is Pfizer’s first stake sale […]