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Aktis Oncology secures Lilly as anchor investor for upsized US IPO
Jan 7 (Reuters) – Cancer drug developer Aktis Oncology said on Wednesday it was targeting a valuation of up to $945.4 million in its upsized initial public offering, signaling strong investor demand for 2026’s first U.S. listing. The Boston, Massachusetts-based company has also drawn in Eli Lilly to anchor the IPO, w[...]
US private payrolls miss expectations in December
WASHINGTON, Jan 7 (Reuters) – U.S. private payrolls rebounded less than expected in December, the ADP’s national employment report showed on Wednesday. Private employment increased by 41,000 jobs last month after a revised decrease of 29,000 in November. Economists polled by Reuters had forecast private employment wo[...]
Caracas, Washington in talks to export Venezuelan oil to US, sources say
HOUSTON/WASHINGTON, Jan 6 (Reuters) – Government officials in Caracas and Washington are discussing exporting Venezuelan crude to refiners in the United States, five government, industry and shipping sources told Reuters on Tuesday, a deal that could divert supplies away from China while helping state company PDVSA avoid d[...]
Venezuela loads oil only for Chevron as PDVSA exports stall
Venezuela is exporting crude only to Chevron as PDVSA cargoes for China remain halted amid a U.S. tanker blockade.
Hyundai Motor Group plans to deploy humanoid robots at US factory from 2028
LAS VEGAS, Jan 5 (Reuters) – Hyundai Motor Group plans to deploy humanoid robots at its U.S. manufacturing plant in Georgia starting in 2028, marking a step toward automating higher-risk and repetitive manufacturing tasks, the South Korean company said. Hyundai unveiled the production version of the Atlas humanoid robot, d[...]
Nvidia says next-gen Rubin AI chips in full production
Nvidia CEO Jensen Huang says the new Rubin chip platform delivers up to five times more AI computing power.
Ford reports its best quarter and yearly U.S. sales since 2019
Ford Motor Co. reported strong U.S. sales results for the fourth quarter and the full year, crediting the gains to a wide-product lineup offering various trim levels and powertrains to meet a range of customer needs and pocketbooks. Ford reported on Jan. 6 that it had its best annual sales and fourth quarter performance since [&[...]
US auto sales defy regulatory uncertainty to rise 2% in 2025, analysts forecast
DETROIT, Jan 5 (Reuters) – Sales of new cars in the United States rose about 2% in 2025, analysts estimate, defying extraordinary disruptions all year in an industry where “black swan” events have become routine. Several automakers on Monday reported strong December sales to close out the year. Toyota Motor not[...]
President Trump delays higher furniture tariffs
WASHINGTON — President Donald Trump signed a New Year’s Eve proclamation delaying higher tariffs on upholstered furniture, kitchen cabinets and vanities for one year as trade negotiations continue with major partners. The order, signed on Wednesday, keeps in place a 25% tariff imposed in September on those imported go[...]
Trump says the job market is booming for U.S.-born. The data doesn’t show it.
President Donald Trump and White House leaders say that American workers are winning because of his immigration crackdown. But the data doesn’t back that up. Since the summer, Trump officials have been trumpeting the idea that job creation is booming for U.S.-born workers. Trump said so, too, during a prime-time address la[...]
US refiner Phillips 66 to acquire Britain’s Lindsey oil refinery assets
U.S. refiner Phillips 66 will acquire assets of Britain’s Lindsey oil refinery after liquidation and integrate them into its Humber site.
US oil companies gain after Trump signals access to Venezuela’s reserves
U.S. oil and refining stocks surged after Trump said American firms could access Venezuela’s vast oil reserves amid political upheaval.
