By Jonathan Stempel (Reuters) – Berkshire Hathaway said on Friday longtime Director Ronald Olson will be leaving its board because of a policy change requiring directors, except for Warren Buffett, to step down after turning 80. In a proxy statement for its May 3 annual meeting in Omaha, Nebraska, Berkshire also said its board unanimously...
(Reuters) -All drug manufacturers, including Novo Nordisk and Teva Pharmaceuticals, whose medicines are part of the second round of price talks have agreed to participate in the negotiation process, a federal health agency said on Friday. The price negotiation process was established under former President Joe Biden’s signature Inflation Reduction Act in 2022. The second...
(Reuters) – VanEck filed for an exchange-traded fund on Friday that will track the price of Avalanche’s avax coin, as asset managers seek to capitalize on the growing interest in cryptocurrencies beyond bitcoin. Investment firms are increasingly rolling out new products aimed at investors who are looking for the next breakout token, following bitcoin’s remarkable...
By Brigid Riley TOKYO (Reuters) – The U.S. dollar was broadly firmer on Friday with the euro pulling further away from a five-month peak as markets grappled with escalating global trade tensions and risks of a sharp economic downturn. Sowing more volatility across markets, U.S. President Donald Trump threatened to hit Europe with a 200%...
By Anjana Anil (Reuters) – Gold hit a record high on Friday, as uncertainty over U.S. tariffs and fears of trade tensions propelled prices, along with increased expectations of monetary policy easing by the Federal Reserve. Spot gold eased 0.1% to $2,983.78 an ounce as of 0132 GMT, after hitting a record high of $2,990.09...
(Reuters) – Chinese AI chatbot DeepSeek is choosing to focus on research over revenue, as its billionaire founder has decided not to follow Silicon Valley rivals by taking advantage of a sudden jump in sales, the Financial Times reported on Thursday. Last month, revenues were enough to cover ongoing costs for the first time, the...
By Francesco Guarascio and Khanh Vu HANOI (Reuters) -Vietnam is reviewing its duties on U.S. goods, including on liquefied natural gas, agriculture and high-tech products, Prime Minister Pham Minh Chinh told the U.S. ambassador to the country, a report on the government’s website said. The Southeast Asian industrial hub, which is heavily reliant on exports...
By Yuka Obayashi TOKYO (Reuters) – Oil prices eased on Thursday after surging the day before as worries about the impact of intensifying tariff wars on global economic growth and energy demand outweighed the positive sentiment from a larger-than-expected draw in U.S. gasoline stocks. Brent futures fell 7 cents, or 0.1%, to $70.88 a barrel...
By Rae Wee SINGAPORE (Reuters) – The dollar rebounded slightly on Thursday thanks to a rise in U.S. Treasury yields, though currencies traded in tight ranges as investors struggled to determine the impact of an escalating global trade war on U.S. inflation and growth. U.S. President Donald Trump on Wednesday threatened further tariffs on European...
By Anton Bridge and Abigail Summerville TOKYO/NEW YORK (Reuters) -Alimentation Couche-Tard is seeking to win over the Japanese public for its $47 billion bid for Seven & i on Thursday and address antitrust concerns that have emerged as a major stumbling block in its quest to buy the 7-Eleven owner. Canada’s Couche-Tard, which owns the...
