Pfizer makes equity investment in Caribou Biosciences
(Reuters) – Pfizer (NYSE:PFE) has invested $25 million to buy a minority stake in Caribou Biosciences, making it the latest…
Pentagon has strategic germanium stockpile but no gallium reserves
(Reuters) – The Pentagon holds a strategic stockpile for germanium but currently has no inventory reserves for gallium, a spokesperson…
Oil edges lower as market digests higher risk of US rate hike
(Reuters) – Oil prices edged lower on Thursday as the market digested the higher likelihood of a U.S. rate hike…
Exclusive: OPEC upbeat over 2024 oil demand outlook despite slowdown
(Reuters) – OPEC will likely maintain an upbeat view on oil demand growth for next year when it publishes its…
Ford auto sales rise on robust demand, improved supply
(Reuters) – Ford Motor (NYSE:F) Co on Thursday reported a near 10% rise in second-quarter U.S. auto sales, helped by…
Volkswagen to launch self-driving vehicles in Texas by 2026
(Reuters) – Volkswagen (ETR:VOWG_p) said on Thursday that it plans to launch autonomous, or self-driving, vehicles for ride hailing and…
American Express stock cut at Baird on valuation, ‘softer economic outlook’
Baird analysts downgraded American Express (NYSE:AXP) shares to Neutral with a price target of $185 per share. While they argue…
U.S. regulators press Tesla for updated response in autopilot probe
The National Highway Traffic and Safety Administration (NHTSA) revealed Thursday that the U.S. automotive safety regulator is seeking an updated…
Meta’s Threads is a true threat to Musk-owned Twitter, analysts say
(Reuters) – Meta’s Threads could quickly become a major threat to Elon Musk-owned Twitter, thanks to its easy access to…
Factbox: Companies respond to China’s curbs on gallium and germanium exports
(Reuters) – China said on July 3 it would restrict exports of two metals used in semiconductors and electric vehicles,…