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Five takeaways from the U.S. Supreme Court argument over Fed's Lisa Cook
Reuters· 2026-01-21 19:34
The U.S. Supreme Court heard arguments on Wednesday over President Donald Trump's attempt to fire Federal Reserve Governor Lisa Cook. Here are some takeaways from the arguments in the case, a crucial test for the central bank's independence. ...
Volkswagen reports stronger cash flow despite Porsche woes and weak China sales
Reuters· 2026-01-21 19:21
Volkswagen on Wednesday reported better-than-expected net cash flow in 2025 of 6 billion euros ($7 billion), despite Europe's largest carmaker struggling with weak China sales, U.S. tariff worries and... ...
Curbs on Wall Street landlords could stoke house prices, say investors
Reuters· 2026-01-21 18:32
U.S. President Donald Trump's executive order restricting Wall Street investors from buying up single-family homes could boost demand for homes while doing little to address tight housing supply, a key reason for house price inflation, investors said. ...
SocGen to cut 1,800 jobs in France by end of 2027, FT reports
Reuters· 2026-01-21 18:21
Group 1 - French bank Societe Generale plans to cut 1,800 jobs in France by the end of 2027 [1]
EU to weigh Netflix, Paramount bids for Warner Bros at the same time, Bloomberg News reports
Reuters· 2026-01-21 17:32
Core Viewpoint - The European Union's antitrust regulators are set to examine competing bids from Netflix and Paramount Skydance for Warner Bros. Discovery, creating a unique competitive scenario in the media industry [1] Group 1: Regulatory Scrutiny - The European Union's antitrust regulators will scrutinize the bids from Netflix and Paramount Skydance simultaneously [1] - This regulatory examination indicates a heightened level of competition in the media sector, particularly concerning major acquisitions [1] Group 2: Competitive Landscape - The head-to-head competition between Netflix and Paramount Skydance for Warner Bros. Discovery highlights the aggressive strategies employed by streaming services to expand their content libraries [1] - The outcome of this regulatory review could significantly impact the future market dynamics and consolidation trends within the entertainment industry [1]
Volvo Cars unveils its EX60 electric SUV
Reuters· 2026-01-21 17:32
Volvo Cars said on Wednesday that its new electric mid-sized SUV, the EX60, will have a similar price tag to the plug-in hybrid version of the same model, as the Swedish automaker dismissed concerns that any Greenland-linked U.S. tariffs could disrupt its plans. ...
Ubisoft unveils sweeping restructuring, updates targets
Reuters· 2026-01-21 16:46
French video game publisher Ubisoft will undergo a reorganization, splitting the company into five creative divisions, it said on Wednesday while also revising its financial outlook. ...
UnitedHealth to offer rebates to its Obamacare customers
Reuters· 2026-01-21 16:21
Group 1 - UnitedHealth Group Inc. will provide rebates to its Obamacare plan members in 2026 [1] - The announcement was made by company CEO Stephen Hemsley in a prepared testimony [1]
Toyota affiliates in $436 million settlement over alleged forklift engine emissions cheating
Reuters· 2026-01-21 16:03
Core Viewpoint - Three Toyota affiliates have reached a settlement estimated at $436 million regarding a proposed U.S. class action lawsuit that accuses them of emissions cheating related to nine engines used in forklift trucks [1] Group 1 - The settlement amount is approximately $436 million, indicating a significant financial impact on the involved affiliates [1] - The lawsuit pertains to allegations of emissions cheating, which raises concerns about compliance and regulatory standards within the industry [1] - The engines in question are specifically used in forklift trucks, highlighting a niche area of the automotive and industrial equipment market affected by these allegations [1]
Merck partners with global health coalition to develop affordable Ebola vaccine
Reuters· 2026-01-21 16:01
Core Viewpoint - Merck and the Coalition for Epidemic Preparedness Innovations have announced a partnership to develop an updated version of Merck's Ebola vaccine, with a funding commitment of $30 million aimed at improving public health responses to the Ebola virus [1] Group 1 - The partnership focuses on enhancing the existing Ebola vaccine to better address the needs of populations at risk [1] - The $30 million program is intended to support research and development efforts in vaccine technology [1] - This collaboration highlights the importance of public-private partnerships in addressing global health challenges [1]