By Jeff Mason and Kanishka Singh WASHINGTON (Reuters) -The United States on Thursday announced a new security package for Ukraine worth $225 million, which includes a Patriot missile battery, additional ammunition for…
Author: Financial Edge Daily
U.S. June budget deficit shrinks to $66 billion after calendar shifts
WASHINGTON (Reuters) – The U.S. government recorded a $66 billion budget deficit for June that was reduced sharply by a shift of benefit payments into May that ballooned that month’s deficit to…
Samsung bolsters AI in foldable phones, health monitoring in smartwatch, ring
By Joyce Lee SEOUL (Reuters) – Samsung Electronics unveiled its latest foldable smartphones on Wednesday, making its priciest flagship model lighter and slimmer and bolstering AI functions as it challenges Apple’s dominance…
US FTC to sue drug middlemen over insulin prices, WSJ reports
(Reuters) -The U.S. Federal Trade Commission is planning to sue UnitedHealth, Cigna and CVS Health – the three largest pharmacy-benefit managers – over their tactics for negotiating prices for drugs including insulin, the…
Global lithium sector eyes Argentina’s salt flats on tech test run
By Daina Beth Solomon and Ernest Scheyder SALAR CENTENARIO, Argentina (Reuters) – In a dusty plain in northern Argentina’s mountains, black tubes stretching two stories high fill a massive tank with salty…
Musk’s Neuralink working on new brain implant device
(Reuters) -Neuralink, Elon Musk’s brain-chip company, is working on a new device that it believes will require half the number of electrodes to be implanted in the brain to make it more…
Boeing deliveries drop 27% in June year-on-year
By Allison Lampert (Reuters) – Boeing said on Tuesday it delivered more commercial jets in June than in any other month this year, but the total of 44 planes represented a 27%…
Musk’s xAI, Oracle end talks on $10 billion server deal, The Information reports
(Reuters) -Billionaire Elon Musk’s artificial intelligence startup xAI and tech giant Oracle have ended talks on a potential $10 billion server deal, The Information reported on Tuesday. The startup and Oracle have…
S&P 500’s tech dominance sparks calls for portfolio diversification
By Ankika Biswas (Reuters) – The gap in returns between the S&P 500 and the index’s equal-weighted counterpart is at its widest in 15 years, underscoring the need to diversify beyond AI…
NATO agency orders Stinger anti-aircraft missiles for $700 million, Stoltenberg says
WASHINGTON (Reuters) – NATO has placed an order for Stinger anti-aircraft missiles worth almost $700 million dollars in the name of several member states, the alliance’s Secretary-General Jens Stoltenberg said on Tuesday….