PUBL

Tesla cuts Dec Model Y output at Shanghai plant by more than 20% versus Nov – sources

SHANGHAI, Dec 5 (Reuters) – Tesla (TSLA.O) plans to cut December output of the Model Y at its Shanghai plant by more than 20% from the previous month, two people with knowledge of electric vehicle (EV) giant’s production plan said on Monday. Tesla did not immediately respond to a request for comment on the planned …

Tesla cuts Dec Model Y output at Shanghai plant by more than 20% versus Nov – sources Read More »

BP doubles down on hydrogen as fuel of the future

BP sees fast growth in low-carbon hydrogen Fuel to benefit from government subsidies CEO Looney to announce hydrogen production targets BP plans big hydrogen project at Whiting, Indiana refinery LONDON, Dec 5 (Reuters) – BP chief executive Bernard Looney is betting on hydrogen to power future low-carbon businesses as the governments of major conflicts stomp …

BP doubles down on hydrogen as fuel of the future Read More »

Apple and Amazon resume advertising on Twitter, reports say

Dec 3 (Reuters) – Amazon.com Inc (AMZN.O) and Apple Inc (AAPL.O) are planning to resume advertising on Twitter, according to media reports on Saturday. The developments follow an email sent by Twitter on Thursday to advertising agencies offering advertisers incentives to increase their spending on the platform, an effort to jump-start its business after Elon …

Apple and Amazon resume advertising on Twitter, reports say Read More »

Merck could keep its patent edge by shifting Keytruda’s cancer drug to a simple shot

Dec 2 (Reuters) – US drugmaker Merck & Co (MRK.N) hopes to patent a new formulation of its $20 billion cancer immunotherapy Keytruda that can be injected under the skin, allowing it to protect its best-selling drug from competition expected as soon as 2028. For years Merck has relied on Keytruda to fuel its growth. …

Merck could keep its patent edge by shifting Keytruda’s cancer drug to a simple shot Read More »

Exclusive: Delta offers pilots hefty pay raises as unions flex bargaining power

CHICAGO, Dec 2 (Reuters) – Delta Air Lines (DAL.N) has offered a 34% cumulative pay increase to its pilots over three years in a new contract, demonstrating the bargaining power aviators are enjoying in a short-staffed industry with booming travel demand. If the deal is approved by Delta pilots, it is widely expected to act …

Exclusive: Delta offers pilots hefty pay raises as unions flex bargaining power Read More »

US labor market shrugs off recession fears; keeps Fed on tightening path

Nonfarm payrolls increase 263,000 in November Unemployment rate steady at 3.7%; participation rate falls Average hourly earnings rise 0.6%; up 5.1% year-on-year WASHINGTON, Dec 2 (Reuters) – US employers hired more workers than expected in November and increased wages, shrugging off mounting worries of a recession, but that will probably not stop the Federal Reserve …

US labor market shrugs off recession fears; keeps Fed on tightening path Read More »

Musk delivers the first Tesla truck, but no update on output, pricing

Tesla ships first Semi to PepsiCo five years after its unveiling No details on orders or capacity for electric trucks Semi uses existing Tesla motors, to feature a new Supercharger Dec 1 (Reuters) – Tesla Inc (TSLA.O) Chief Executive Elon Musk delivered the company’s first heavy-duty Semi on Thursday to PepsiCo (PEP.O) without offering updated …

Musk delivers the first Tesla truck, but no update on output, pricing Read More »

Wall Street mixed; Dow pressured by selloff in Salesforce shares

Salesforce drops on co-CEO exit plan Dollar General falls on slashing annual profit view US manufacturing shrinks for the first time in 2-1/2 years in Nov Indexes: S&P 500 -0.09%, Nasdaq +0.14%, Dow -0.59% Dec 1 (Reuters) – Wall Street was mixed on Thursday as a selloff in Salesforce weighed on the Dow, while traders …

Wall Street mixed; Dow pressured by selloff in Salesforce shares Read More »

S&P 500 ends down as Apple dips and traders eye Powell speech

Investors look to Powell speech for interest rate clues US consumer confidence slips in November S&P 500 -0.16%, Nasdaq -0.59%, Dow +0.01% Nov 29 (Reuters) – The S&P 500 ended down on Tuesday, with losses in Apple and Amazon ahead of an upcoming speech by US Federal Reserve Chair Jerome Powell that could provide hints …

S&P 500 ends down as Apple dips and traders eye Powell speech Read More »