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 , 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... ...

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]

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]

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]

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]

Core Viewpoint - Thermo Fisher is acquiring Clario, a privately held data management company, for up to $9.4 billion, which will enhance its clinical trial research business amid a strong rebound in demand [1] Company Summary - The acquisition of Clario is aimed at strengthening Thermo Fisher's position in the clinical trial research sector [1] - The deal reflects a strategic move to capitalize on the increasing demand for clinical trial services [1] Industry Summary - The clinical trial research industry is experiencing a significant rebound in demand, which is driving companies like Thermo Fisher to pursue acquisitions to enhance their service offerings [1]

Core Viewpoint - The focus is shifting towards high-stakes price negotiations between obesity drug manufacturers Eli Lilly and Novo Nordisk and U.S. President Donald Trump as they prepare to release their third-quarter results [1] Company Insights - Eli Lilly and Novo Nordisk are major players in the obesity drug market, indicating their significant role in the healthcare industry [1] - The upcoming third-quarter results are highly anticipated by investors, reflecting the importance of these companies in the current market landscape [1] Industry Context - The ongoing price talks with the U.S. government highlight the increasing scrutiny and regulatory pressures faced by pharmaceutical companies, particularly in the obesity treatment sector [1] - The outcome of these negotiations could have substantial implications for pricing strategies and market dynamics within the obesity drug industry [1]

The Bank of Canada signaled on Wednesday an end to its cutting cycle after trimming its key overnight interest rate to 2.25%, but Governor Tiff Macklem said he would be ready to respond if Canada's economic outlook changed materially. ...

Core Viewpoint - Fortive raised its annual profit forecast after exceeding third-quarter sales and profit estimates, driven by strong demand for its industrial automation software technology, resulting in a 10% increase in its shares [1] Group 1 - Fortive's third-quarter performance surpassed sales and profit expectations [1] - The company experienced robust demand for its industrial automation software technology [1] - Following the positive earnings report, Fortive's shares rose approximately 10% [1]