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US bank stocks fall as investors weigh credit card rate cap deadline
Reuters· 2026-01-20 14:46
U.S. bank stocks fell in morning trading on Tuesday in a broader market decline, as investors awaited clarity on whether the Trump administration's January 20 deadline to implement a 10% cap on credit... ...
Frontier markets fail to live up to economic potential, says World Bank
Reuters· 2026-01-20 14:31
Frontier market economies have failed to live up to their potential in recent decades, suffering from a sharp slowdown in investment growth while domestic capital markets remained underdeveloped, the World Bank said on Tuesday. ...
Novo Nordisk expands diabetes cell therapy partnership with Aspect Biosystems
Reuters· 2026-01-20 14:28
Core Insights - Danish drugmaker Novo Nordisk has partnered with Canada-based privately held Aspect Biosystems to develop cell-based treatments for diabetes [1] Company Summary - Novo Nordisk is a leading pharmaceutical company specializing in diabetes care and has a strong focus on innovative treatment solutions [1] - Aspect Biosystems is a private company based in Canada, known for its advancements in bioprinting technology and cell-based therapies [1] Industry Summary - The partnership highlights a growing trend in the pharmaceutical industry towards developing advanced cell-based therapies for chronic conditions like diabetes [1] - This collaboration may enhance the competitive landscape in diabetes treatment, as companies increasingly seek innovative solutions to address unmet medical needs [1]
Exclusive: Kazakhstan's Tengiz oil field to stay shut for another 7-10 days, sources say
Reuters· 2026-01-20 14:20
Core Viewpoint - Oil production at Kazakhstan's Tengiz oil field, one of the largest globally, may be halted for an additional 7-10 days following a shutdown on Sunday, impacting crude exports via the Caspian Pipeline Company [1] Group 1 - The Tengiz oil field is recognized as one of the world's largest oil fields [1] - The shutdown of production is expected to last for 7-10 days, which could significantly affect oil supply [1] - The cessation of operations will disrupt crude exports through the Caspian Pipeline Company [1]
Supreme Court weighs Trump's firing of the Fed's Lisa Cook by social media
Reuters· 2026-01-20 14:17
In the battle over President Donald Trump's effort to fire Federal Reserve Governor Lisa Cook that is set to go before the U.S. Supreme Court on Wednesday, the justices may focus on the president's use of social media to carry out this unprecedented action. ...
Exclusive: Palantir signs HD Hyundai deal worth hundreds of millions of dollars; CEO Karp 'bullish' on Korea
Reuters· 2026-01-20 14:15
Core Insights - U.S. technology company Palantir has secured a significant contract to provide additional software solutions to HD Hyundai, enhancing its presence in the heavy industry sector in South Korea [1] Group 1 - Palantir is expanding its operations in South Korea by increasing its software sales to HD Hyundai [1]
US patent office upholds First Solar's patents against third-party challenges
Reuters· 2026-01-20 14:14
Core Viewpoint - First Solar's solar cell technology patents have been upheld as the United States Patent and Trademark Office director denied three third-party applications challenging their validity [1] Company Summary - First Solar announced that its patents related to solar cell technology remain valid following the denial of challenges by third parties [1]
Union demands 7% wage increase for thousands of Deutsche Bank group staff
Reuters· 2026-01-20 13:12
Germany's DBV labour union is demanding a 7% pay increase for up to 8,000 Deutsche Bank group employees, as they hope to benefit from the bank's improved finances, the union said on Tuesday. ...
Bristol Myers partners with Microsoft for AI-driven lung cancer detection
Reuters· 2026-01-20 13:08
Core Insights - Bristol Myers Squibb has signed an agreement with Microsoft to utilize the tech company's AI-enabled radiology platform for enhancing early detection of lung cancer [1] Company Summary - The collaboration aims to leverage advanced technology to improve diagnostic processes in oncology, specifically targeting lung cancer [1]
U.S. Bancorp profit jumps on interest income, fee revenue boost
Reuters· 2026-01-20 12:42
U.S. Bancorp reported a nearly 23% jump in fourth-quarter profit on Tuesday as the country's fifth-largest lender earned more from interest payments and saw growth in fee revenue. ...