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By Susanna Twidale LONDON, June 17 (Reuters) - A coalition backed by Big Tech companies for carbon removal technology, said on Wednesday it would inject an additional $915 million into the sector, and
<body><p>STORY: Big pharma is receiving pushback from European capitals on drug pricing. </p><p>So they’re turning to a playbook that brought them success in the UK.</p><p>Making threats to pull investment plans to pressure policymakers. </p><p>The industry notched a win when the British government agreed to increase medicine spending as part of a broader deal to avoid U.S.-imposed tariffs. </p><p>The latest nation to face pressure is Germany, which has been debating legislation to tighten spending on medicines. </p><p>A Reuters European Pharma correspondent Maggie Fick said pressure in the last week has ramped up. </p><p>"The CEO of Pfizer wrote a letter to the German chancellor warning that their future investments in the country may be at risk over these proposed changes to pricing laws."</p><p>Meanwhile, AstraZeneca warned that it may not launch new medicines in Germany if these changes go ahead.</p><p>Earlier in June, Eli Lilly announced it would halve a planned $2.7 billion investment, also citing the proposed legislation. </p><p>This bid to cap costs has centered Germany in a broader tussle between drugmakers and European governments that began several months ago.</p><p>That tension has been sharpened by the impact on Europe of U.S. President Donald Trump's pricing push.</p><p>This aims to tie prescription medicine prices in the lucrative U.S. market to lower prices elsewhere, including in Europe.</p><p>Major drugmakers have struck deals with the White House to lower drug costs in exchange for tariff exemptions, adding to pressure for increasing prices elsewhere.</p></body>
DALLAS— Carvana became famous for its giant “vending machines” that house the used cars it sells online. “We’re not trying to sell cars here,” Tom Taira, Carvana’s president of special projects, told reporters at its recently remodeled Chrysler-Dodge-Jeep-Ram store in Dallas. The store is one of seven new-car dealerships that Carvana has amassed after a buying spree that began in February 2025.
The U.S. company should provide advance notice of any significant changes to its search services, U.K. officials said, giving it six months to act under the country’s digital markets competition rules.
US equity futures were slightly higher pre-bell Wednesday as traders await the Federal Reserve's rat
The CNMC is looking into whether some executives publicly outlined their banks’ future commercial policies, especially on fixed-rate mortgage pricing.
Nutanix has been treading water for the past six months, recording a small loss of 3.4% while holding steady at $48.52. The stock also fell short of the S&P 500’s 12.4% gain during that period.
The deal, expected to close in the third quarter of 2026, values Cursor's parent company Anysphere at $60 billion
A merger of Elon Musk's companies would be valued at $3.6 trillion.
The Fed is expected to hold rates steady, while SpaceX stock continues its post-IPO climb and chip stocks also advance
(Bloomberg) -- Apple Inc. investors are losing patience with the company’s talk about becoming a more formidable presence in artificial intelligence and want to start seeing some results.Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranIran’s Deputy Foreign Minister Confirms Deal Reached With USModi Warns of ‘Shortage of Trust’ Ahead of Trump MeetingNetanyahu Pays a Political Price for Trump’s Iran DealUS Set to Offer Iran Broad Financial Gains in Peace Deal“Ther
Alongside fellow financial giant UBS, Bank of America has forged a spot on the Investor's Business Daily Breakout Stocks Index. BofA stock has also jumped into a new buy zone as UBS does the same. In tandem with that move, both banking stocks continue to flash clears signs of demand.
Accenture's latest earnings are slated to be released Thursday morning, with traders anticipating a big swing from the IT and consulting firm's stock.
Adoption of artificial intelligence has reached a "tipping point" in Britain, as companies move from experimentation to large-scale deployment and start seeing returns, a Google Cloud executive said on Wednesday. Businesses and government bodies that were testing AI tools a year ago are now using them to run more complex processes and improve productivity, Maureen Costello, Google Cloud's vice president for the United Kingdom, Ireland and Sub-Saharan Africa, told Reuters in an interview.
Wall Street futures pointed moderately higher pre-bell Wednesday, as oil prices steadied well under
WeRide (NASDAQ:WRD) and Uber Technologies (NYSE:UBER) plan to introduce commercial robotaxi services in the Greater Zurich Region later this year, extending their autonomous mobility partnership in Europe following a recent deployment announcement in Madrid. The service is expected to launch during 2026, pending approval from Switzerland’s Federal Roads Office (FEDRO).
U.S. stock futures rose as further details on a memorandum of understanding between the U.S. and Iran lifted sentiment.
The U.S. government awarded $500 million on Wednesday to startup SandboxAQ to develop new chemicals and materials for domestic semiconductor manufacturing, including alternatives to PFAS and rare earth imports. The award is part of President Donald Trump's move to allocate research funds under the CHIPS Act, an effort that previously funded a $150 million investment in new chip manufacturing tools and a $2 billion investment in quantum computing. So far, SandboxAQ has applied those models to fields such as biotechnology and quantum navigation sensors to replace global positioning systems, but now it is moving into chemicals and materials for chip manufacturing.
Italy’s regulator examines whether Apple gives rival cloud providers equal access to iOS and iPadOS system features.
Chipotle’s (CMG) biggest stock-market problem may not be burritos, menu prices or slowing comparable sales. It might be investor skepticism. Bank of America thinks the restaurant business is demonstrating a demand pattern that might be significant for the beaten-down growth brands, including ...
The FTC could conclude the matter as early as this summer, either by filing a lawsuit or reaching a settlement, according to Bloomberg.
Albertsons collaborated with the packaged-goods giant to produce ‘Rico’s Tacos,’ a short-form series designed to help move products.
FEATURE Artificial-intelligence stocks were mounting a comeback on Wednesday, having slumped the previous session, as hopes of a peace deal between the U.S. and Iran led investors to pile back into some of the market’s best-loved names.
Investing.com -- President Donald Trump expressed approval of Canada's agreement with China that limits Chinese electric vehicle imports through a quota system with reduced tariffs, Canadian Prime Minister Mark Carney said Wednesday at the Group of Seven leaders summit in Evian, France.
June Nasdaq 100 E-Mini futures (NQM26) are up +0.54% this morning, signaling a rebound from yesterday’s selloff, while investors await the first Federal Reserve rate decision under Kevin Warsh.
CarMax stock advances after the used-vehicle retailer handily tops Wall Street expectations with its first-quarter earnings.
Stocks were on track to rise Wednesday after more details about the U.S.-Iran peace deal leaked, bolstering hopes that the two countries are on the brink of reaching an agreement to end the war in the Middle East. Futures tracking the tech-heavy Nasdaq 100 gained 0.5%, while S&P 500 futures added 0.1%. The market looked set for a broader rally on Wednesday after The Wall Street Journal reported that the U.S. would allow Iran to immediately begin selling oil and fuel under the deal to end the war, citing people familiar with the agreement.
And the odds were pretty slim to begin with, leaving investors unsure of what to do next.
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