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Crypto custody startup BitGo files for US IPO
Reuters· 2025-09-19 20:59
Crypto custody startup BitGo on Friday made public its paperwork for an initial public offering in the United States. ...
Oracle in talks with Meta on $20 billion AI cloud computing deal, Bloomberg reports
Reuters· 2025-09-19 20:05
Oracle is in talks with Meta on a $20 billion AI cloud computing deal, Bloomberg News reported on Friday. ...
GE Aerospace reaches five-year labor deal with 600 striking UAW workers
Reuters· 2025-09-19 19:16
Group 1 - GE Aerospace has reached a five-year labor agreement with over 600 striking workers from the United Auto Workers union at its distribution facilities in Ohio and Kentucky [1] - The agreement aims to resolve labor disputes and ensure operational stability for GE Aerospace [1] - This development is significant for the aerospace industry, as it highlights the ongoing labor negotiations and their impact on supply chain operations [1]
Spirit Airlines' unions warn members of more pain amid second bankruptcy
Reuters· 2025-09-19 19:11
Core Viewpoint - Unions representing flight attendants and pilots at Spirit Airlines are alerting members to potential challenges as the airline undergoes its second bankruptcy within a year, intensifying cost-cutting measures [1] Group 1: Company Situation - Spirit Airlines is facing its second bankruptcy in a year, indicating ongoing financial distress [1] - The airline is increasing its cost-cutting efforts, which may lead to further difficulties for employees [1] Group 2: Industry Context - The situation at Spirit Airlines reflects broader challenges within the budget airline sector, particularly in managing operational costs and financial stability [1]
Travel tech firm Navan makes US IPO filing public
Reuters· 2025-09-19 19:09
Corporate travel and expense company Navan on Friday made public its paperwork for an initial public offering in the U.S. ...
Stellantis unveils lighter, faster-charging EV battery
Reuters· 2025-09-19 18:54
Core Insights - Stellantis has introduced an electric vehicle prototype that features a faster-charging, lighter, and more affordable battery [1] - The new battery design eliminates the need for a separate inverter and charger, which could streamline production and reduce costs [1] Company Developments - The unveiling of the prototype indicates Stellantis's commitment to advancing electric vehicle technology [1] - The focus on affordability and efficiency in battery design may enhance Stellantis's competitive position in the electric vehicle market [1] Industry Trends - The introduction of innovative battery technology aligns with the broader industry trend towards improving electric vehicle performance and reducing costs [1] - As electric vehicle adoption increases, advancements in battery technology will be crucial for manufacturers to meet consumer demand and regulatory requirements [1]
US FDA approves Merck's new injectable version of Keytruda
Reuters· 2025-09-19 18:36
The U.S. Food and Drug Administration has approved a new formulation of Merck's blockbuster cancer therapy Keytruda that can be administered under the skin, offering a more convenient option of the wi... ...
JPMorgan Chase hires two senior bankers to bolster consumer and retail investment team
Reuters· 2025-09-19 18:25
JPMorgan Chase has hired two managing directors to strengthen its consumer and retail investment banking unit, according to an internal memo seen by Reuters on Friday. ...
Apple has asked suppliers to boost production of iPhone 17 model, the Information reports
Reuters· 2025-09-19 18:16
Apple has told at least two suppliers to boost production of the entry-level model iPhone 17 by at least 30% after strong pre-orders last weekend, the Information reported on Friday, citing people fam... ...
US drillers add oil and gas rigs for third week in a row, Baker Hughes says
Reuters· 2025-09-19 18:07
U.S. energy firms this week added oil and natural gas rigs for a third week in a row for the first time since February, energy services firm Baker Hughes said in its closely followed report on Friday. ...