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Robots, drones could slash global food delivery costs to $1 per order, Barclays says

Robots, drones could slash global food delivery costs to $1 per order, Barclays says

By Siddarth S April 15 (Reuters) - Autonomous food delivery robots and drones could cut costs by several dollars to as low as $1 per order, a shift that could unlock billions of dollars in profits for the global food delivery industry, Barclays said on Wednesday.

STOXX 600 on track for fourth weekly win on hopes for Mid-east conflict resolution

STOXX 600 on track for fourth weekly win on hopes for Mid-east conflict resolution

April 17 (Reuters) - A subdued STOXX 600 was on track to notch its fourth straight weekly gain on Friday as cautious investors waited for a potentially pivotal weekend that could bring the Middle East conflict closer to resolution.

Abbott trims 2026 profit forecast on Exact deal hit, shares fall

Abbott trims 2026 profit forecast on Exact deal hit, shares fall

April 16 (Reuters) - Abbott cut its full-year profit forecast on Thursday due to a 20 cent-per-share hit from its recent $23 billion acquisition of cancer test maker Exact Sciences, sending its shares down more than 4% premarket.

Lufthansa grounds planes, Nigerian carriers threaten to stop flying as Iran war strains show

Lufthansa grounds planes, Nigerian carriers threaten to stop flying as Iran war strains show

By Joanna Plucinska, Ilona Wissenbach and Isaac Anyaogu LONDON/FRANKFURT/LAGOS, April 16 (Reuters) - Governments and airlines are sounding increasingly urgent alarms about diminishing jet fuel supplies and soaring prices due to the Iran war, as Lufthansa grounded planes, Nigerian carriers threatened

Sazerac offers $15 billion to buy Jack Daniel's maker Brown-Forman, WSJ reports

Sazerac offers $15 billion to buy Jack Daniel's maker Brown-Forman, WSJ reports

April 15 (Reuters) - U.S. spirits group Sazerac has offered to buy Jack Daniel's maker Brown-Forman for about $15 billion, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. The privately held company has offered Brown-Forman $32 a share, the report said.

Nutella maker Ferrero says it is undergoing EU inspections amid antitrust investigation

Nutella maker Ferrero says it is undergoing EU inspections amid antitrust investigation

MILAN, April 15 (Reuters) - Nutella maker Ferrero said on Wednesday it is aware that European Commission officials are currently carrying out on-site inspections at its offices, following reports that the commission was conducting investigations into antitrust practices.

Netflix to refocus on ads, content after failed Warner Bros bid

Netflix to refocus on ads, content after failed Warner Bros bid

By Harshita Mary Varghese and Kritika Lamba April 15 (Reuters) - Investors will look for Netflix to emphasize content spending and ad business growth as key drivers when it reports quarterly earnings on Thursday, marking the streaming giant's first results since its failed bid for Warner Bros

AmEx to buy Altman-backed Hyper in push for AI-powered expense tools

AmEx to buy Altman-backed Hyper in push for AI-powered expense tools

April 16 (Reuters) - Credit card giant American Express said on Thursday it would buy Hyper, an artificial intelligence-focused expense management startup backed by OpenAI Chief Executive Sam Altman.

Jane Street signs $6 billion AI cloud deal with CoreWeave, boosts stake

Jane Street signs $6 billion AI cloud deal with CoreWeave, boosts stake

April 15 (Reuters) - Trading firm Jane Street has committed about $6 billion for CoreWeave's cloud services, marking the third major deal for the Nvidia-backed neocloud company in a week and underscoring surging demand for computing capacity.

Wall Street bank earnings in five charts as volatile markets take center stage

Wall Street bank earnings in five charts as volatile markets take center stage

By Manya Saini April 16 (Reuters) - Major U.S. banks delivered a split picture this week, as Middle East-linked market volatility lifted trading in the first quarter but clouded dealmaking prospects.

EV maker Lucid names Silvio Napoli as CEO

EV maker Lucid names Silvio Napoli as CEO

April 14 (Reuters) - Lucid on Tuesday named Silvio Napoli as the company's next chief executive officer, as it looks to ramp up production and sales of its electric vehicles amid a highly competitive EV environment.

JPMorgan profit rises as volatile markets drive trading division

JPMorgan profit rises as volatile markets drive trading division

April 14 (Reuters) - JPMorgan Chase reported a rise in first-quarter profit on Tuesday as its trading division got a boost from volatility across global markets.