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US health chief says not enough data to show Tylenol causes autism, but still advises caution
Reuters· 2025-10-29 18:08
Core Viewpoint - U.S. Health Secretary Robert F. Kennedy Jr. stated that there is insufficient evidence to confirm that Kenvue's pain medicine Tylenol causes autism, but it should still be used with caution and under a physician's guidance [1] Summary by Relevant Categories Company - Kenvue's pain medicine Tylenol is under scrutiny regarding its potential link to autism [1] Industry - The statement from the U.S. Health Secretary highlights the ongoing debate and concerns within the pharmaceutical industry regarding the safety of over-the-counter medications like Tylenol [1]
Fed to end balance sheet reduction on December 1
Reuters· 2025-10-29 18:06
The Federal Reserve on Wednesday said it is ending the drawdown of its $6.6 trillion balance sheet amid evidence money market liquidity conditions have begun tightening and bank reserve levels dropping. ...
Airbus beats Q3 expectations but cuts A220 production target
Reuters· 2025-10-29 16:50
Core Insights - Airbus reported higher than expected third-quarter profits and revenues, driven by commercial jetliner deliveries and gains in helicopters and defense [1] Financial Performance - The company experienced significant growth in profits and revenues compared to previous quarters, indicating strong operational performance [1] Business Segments - The increase in revenues was primarily led by the delivery of commercial jetliners, alongside improvements in the helicopter and defense sectors [1]
Giving Nvidia's Blackwell chip to China would slash US's AI advantage, experts say
Reuters· 2025-10-29 16:44
If the Trump administration allows Nvidia to sell a version of its best AI chip to China, as the President opened the door to on Wednesday, experts say it would severely decrease the American advantag... ...
Microsoft Azure, 365 down for thousands of users, Downdetector shows
Reuters· 2025-10-29 16:20
Microsoft's Azure and its suite of productivity software were down for thousands of users on Wednesday, according to outage tracking website Downdetector.com. ...
Porsche SE considers investing in Volkswagen's Everllence division, FT reports
Reuters· 2025-10-29 16:08
Porsche SE , Volkswagen's biggest shareholder, is considering investing in the carmaker's Everllence diesel engine division that has been put up for sale, the Financial Times reported, citing people f... ...
GM to cut over 1,200 jobs at EV plant, Detroit News reports
Reuters· 2025-10-29 15:00
Core Points - General Motors is set to cut 1,200 jobs at its electric vehicle (EV) plant in Detroit [1] - The company will also reduce hundreds of positions at its battery facilities located in Tennessee and Ohio [1] Company Impact - The job cuts at the Detroit EV plant indicate a strategic shift or response to market conditions affecting General Motors' operations in the EV sector [1] - Reductions in Tennessee and Ohio suggest a broader impact on the company's battery production capabilities, which are critical for its EV strategy [1]
Super Micro's new subsidiary to offer AI server support to US government
Reuters· 2025-10-29 14:45
Core Insights - Super Micro Computer has established a subsidiary focused on serving U.S. federal agencies to enhance government efficiency [1] Company Developments - The creation of the subsidiary is part of Super Micro Computer's strategy to cater specifically to the needs of federal agencies [1]
Eli Lilly to invest $1.2 billion in Puerto Rico as part of US manufacturing push
Reuters· 2025-10-29 14:33
Core Viewpoint - Eli Lilly plans to invest over $1.2 billion to expand its manufacturing site in Puerto Rico to increase U.S. production capacity and mitigate potential tariff risks [1] Company Summary - The investment of more than $1.2 billion indicates Eli Lilly's commitment to enhancing its manufacturing capabilities [1] - The expansion aims to bolster U.S. production capacity, reflecting a strategic move in response to potential trade challenges [1] Industry Summary - The decision to expand manufacturing in Puerto Rico highlights a trend among pharmaceutical companies to localize production to avoid tariffs and supply chain disruptions [1]
John Malone to step down as chair of Liberty Media and Liberty Global, FT reports
Reuters· 2025-10-29 14:32
Core Insights - Media mogul John Malone will resign as chair of Formula 1 owner Liberty Media and Liberty Global, as reported by the Financial Times, citing sources familiar with the matter [1] Company Summary - John Malone's departure marks a significant leadership change for both Liberty Media and Liberty Global [1]