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Intuitive Machines to broaden space business with $800 million deal for Lanteris
Reuters· 2025-11-04 11:46
Lunar lander maker Intuitive Machines said on Tuesday it will buy Lanteris Space Systems, a spacecraft maker formerly known as Maxar Space Systems, from private equity firm Advent International in a d... ...
Compass Pathways to expedite launch timing of its experimental depression therapy
Reuters· 2025-11-04 11:45
Drug developer Compass Pathways said on Tuesday it is pulling forward the expected launch timing of its experimental psilocybin-based depression therapy by 9 to 12 months. ...
Ferrari beats estimates with 5% core earnings rise in third quarter
Reuters· 2025-11-04 11:36
Luxury sports-car maker Ferrari said on Tuesday its core earnings rose 5% in the third quarter, above expectations, thanks to a strong pricing power supported by models such as the SF90 XX and 12Cilin... ...
Apollo's profit beats expectations on record fee-related income
Reuters· 2025-11-04 11:34
Apollo Global Management surpassed Wall Street's expectations with a 20% rise in third-quarter profit on Tuesday, boosted by managing a swelling pile of assets, growth in debt origination and higher p... ...
Amazon's $38 bln OpenAI deal shows it is no longer an AI laggard
Reuters· 2025-11-04 11:05
Amazon's $38 billion cloud deal with OpenAI marks a major endorsement for the e-commerce giant's cloud business after recent setbacks, including ceding market share to rivals and an outage that disrup... ...
Spotify forecasts profit above estimates on user growth, price hikes
Reuters· 2025-11-04 11:03
Spotify forecast fourth-quarter profit above Wall Street expectations on Tuesday, betting on robust user growth and a boost from price hikes in the crucial holiday season. ...
Morgan Stanley CEO warns of market heading towards correction
Reuters· 2025-11-04 10:55
Core Viewpoint - Morgan Stanley CEO Ted Pick warned that global equity markets may be approaching a correction [1] Group 1 - The caution from Morgan Stanley's CEO indicates potential volatility in the equity markets [1]
Embraer's quarterly net profit slips, maintains full-year outlook
Reuters· 2025-11-04 10:32
Core Insights - Brazilian planemaker Embraer reported a third-quarter adjusted net income of $54.4 million, a significant decrease from $221 million in the same period last year, primarily due to extraordinary items such as deferred taxes [1] Financial Performance - The adjusted net income for the third quarter was $54.4 million, down from $221 million year-over-year, indicating a decline of approximately 75.4% [1] - The company cited extraordinary items, including deferred taxes, as a contributing factor to the reduced income [1]
Getty Images largely loses landmark UK lawsuit over AI image generator
Reuters· 2025-11-04 10:22
Core Point - Getty Images lost its landmark lawsuit against Stability AI regarding the use of its images in AI-generated content at London's High Court [1] Group 1 - The lawsuit centered around the legality of Stability AI's image generator and its implications for copyright [1] - The ruling may set a precedent for future cases involving AI and intellectual property rights [1] - The outcome highlights ongoing tensions between traditional media companies and emerging AI technologies [1]
From pickaxes to AI, COP30 host state holds past and future of Amazon mining
Reuters· 2025-11-04 10:08
Core Insights - Lucindo Lima, at 72 years old, reflects on the untold wealth he did not achieve from Brazil's Serra Pelada mine, a site known for its gold rush in the 1980s [1] Group 1 - The Serra Pelada mine gained fame during a significant gold rush in the 1980s, attracting many hopeful miners [1] - Lima's narrative highlights the personal stories and experiences of those involved in the mining industry during this period [1]