J&J to invest $1 billion in new Pennsylvania plant amid US manufacturing push | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]Item 1 of 2 A Johnson & Johnson banner is displayed on the front of the New York Stock Exchange (NYSE) in New York City, in New York City, U.S., December 5, 2023. REUTERS/Brendan McDermid[1/2]A Johnson & Johnson banner is displayed on the front of the New York Stock Exchange (NYSE) in New York City, in New Y ...

Nestle, Danone face scrutiny over baby formula recalls | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]A view of the logo during the Annual General Meeting of Nestle in Ecublens near Lausanne, Switzerland, April 18, 2024. REUTERS/Denis Balibouse/File Photo [Purchase Licensing Rights, opens new tab]- Companies- Summary- France has launched investigations into handling of recalls- Investors, analysts expecting clarity on the financia ...

Rio Tinto takes majority control of Canada's Nemaska Lithium | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]Rio Tinto logo is seen displayed in this illustration taken April 10, 2023. REUTERS/Dado Ruvic/Illustration [Purchase Licensing Rights, opens new tab]- Companies[Nemaska Lithium Inc]Follow[Rio Tinto PLC]Follow[Rio Tinto Ltd]FollowFeb 18 (Reuters) - Rio Tinto [(RIO.L), opens new tab], [(RIO.AX), opens new tab] said on Wednesd ...

Contact lens makers are poised for steadier growth in 2026 after a slight slowdown in the previous year, banking on rising demand for premium daily disposables and increased vision correction needs globally. ...

Core Viewpoint - Activist investor Starboard Value is urging Riot Platforms to accelerate its AI data center initiatives, highlighting the company's potential to benefit from the increasing demand for artificial intelligence infrastructure [1]. Group 1: Company Positioning - Riot Platforms is positioned to leverage its substantial power capacity for AI computing as the profitability of bitcoin mining remains unstable [1]. - Starboard Value owns approximately 12.7 million shares of Riot and emphasizes that Riot's Texas sites, Corsicana and Rockdale, can provide about 1.7 gigawatts of power suitable for AI data center operations [1]. Group 2: Market Dynamics - The letter from Starboard indicates a trend among cryptocurrency miners to pivot towards AI and high-performance computing (HPC) as a response to the volatile nature of bitcoin mining profits [1]. - Starboard notes that AI and HPC companies are increasingly looking to cryptocurrency miners for immediate power capacity for their data centers [1]. Group 3: Strategic Recommendations - Starboard advises Riot to focus on securing high-quality, investment-grade tenants, such as hyperscalers, rather than merely pursuing the highest lease rates [1]. - The recent agreement between Riot and Advanced Micro Devices is viewed as a positive development, although it is characterized as a minor proof-of-concept deal [1].

BofA offers art consulting to wealthy clients as collectors increase loans demand | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]Staff members handle an art piece by Pablo Picasso, displayed for auction at Sotheby's exhibition "Origins ll" in Riyadh, Saudi Arabia, January 25, 2026. REUTERS/Hamad I Mohammed NO... [Purchase Licensing Rights, opens new tab] Read moreNEW YORK, Feb 18 (Reuters) - Bank of America is launching an art con ...

Citigroup announced the sale of its former Russian subsidiary, AO Citibank, to Renaissance Capital on Wednesday, marking the lender's exit from operations in the country. ...

Zeo Energy signs deal to develop 280 MW power for Creekstone data center in Utah | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]- Companies[Creekstone Energy]Follow[Zeo Energy Corp]FollowFeb 18 (Reuters) - Zeo Energy [(ZEO.O), opens new tab] said on Wednesday it signed a memorandum of understanding with privately held Creekstone Energy to develop about 280 megawatts of power generation for a data center under construction in Milla ...

Cisco and Qunnect build quantum network using New York fiber optic cables | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]A logo of CISCO sits outside the company's house on the opening day of the 55th annual meeting of the World Economic Forum (WEF) in Davos, Switzerland, January 20, 2025. REUTERS/Yves... [Purchase Licensing Rights, opens new tab] Read moreSAN FRANCISCO, Feb 18 (Reuters) - Cisco Systems [(CSCO.O), opens new tab] a ...

Core Viewpoint - Pinterest has raised its first-quarter revenue forecast following the acquisition of connected-TV advertising platform tvScientific, indicating a positive outlook despite recent stock performance challenges [1] Group 1: Revenue Forecast - The company now expects first-quarter revenue to be between $958 million and $978 million, an increase from the previous forecast of $951 million to $971 million [1] - The revised forecast reflects a partial-quarter contribution from the newly acquired tvScientific business [1] Group 2: Acquisition Details - The acquisition of tvScientific, announced in December 2025, marks Pinterest's first major deal since 2022 [1] - This deal integrates tvScientific's outcome-based CTV buying platform into Pinterest's performance-advertising suite, enhancing its media buying capabilities [1] - The integration allows Pinterest to utilize Performance+ AI optimization tools, automate media buying, and improve campaign optimization through machine learning [1]