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Qualcomm surges on report of OpenAI tie-up for AI smartphone processors

Qualcomm surges on report of OpenAI tie-up for AI smartphone processors

April 27 (Reuters) - Qualcomm shares jumped 13% in premarket trading on Monday after an analyst said OpenAI was working with the chip designer and Taiwan's MediaTek to develop smartphone processors.
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US stock index futures muted on stalled US-Iran peace talks

US stock index futures muted on stalled US-Iran peace talks

April 27 (Reuters) - Wall Street futures were muted early on Monday as peace talks between the U.S. and Iran stalled, while investors awaited a flood of earnings as well as commentary from the Federal Reserve meeting this week.
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Seaport, Hemab launch US IPOs as biotech listings gather momentum

Seaport, Hemab launch US IPOs as biotech listings gather momentum

April 27 (Reuters) - Drug developers Seaport Therapeutics and Hemab Therapeutics launched their U.S. initial public offerings on Monday, seeking to capitalize on a growing investor appetite for new listings. The U.S.
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Oil prices hit two-week high as Iran talks stall and Strait of Hormuz shipments lag

Oil prices hit two-week high as Iran talks stall and Strait of Hormuz shipments lag

By Scott DiSavino NEW YORK, April 27 (Reuters) - Oil prices climbed about 3% to a two-week high on Monday as peace talks between the U.S. and Iran stalled and shipments through the Strait of Hormuz remained limited, keeping global oil supplies tight.
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Citi to boost Japan, China investment banking teams, plans senior sector-focused hires

Citi to boost Japan, China investment banking teams, plans senior sector-focused hires

By Selena Li and Sumeet Chatterjee HONG KONG, April 27 (Reuters) - Citigroup will further bolster its Japan and China investment banking teams by adding selective senior bankers while aiming to win more cross-border merger and acquisition deals, the bank's Asia investment banking head told Reuters
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Sun Pharma to buy US drugmaker Organon for $11.75 billion in India's largest pharma deal

Sun Pharma to buy US drugmaker Organon for $11.75 billion in India's largest pharma deal

By Kashish Tandon and Rishika Sadam April 26 (Reuters) - Sun Pharmaceutical Industries will buy U.S. drugmaker Organon & Co in an all-cash deal valued at about $11.75 billion including debt, for the largest overseas acquisition by an Indian pharmaceutical company.
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Trading Day: Tech in a world of its own

Trading Day: Tech in a world of its own

By Jamie McGeever ORLANDO, Florida, April 27 (Reuters) - Oil prices rose again on Monday on the lack of any sign that the Strait of Hormuz will reopen soon, but that didn't prevent the S&P 500 and Nasdaq from eking out new highs, as investors awaited a raft of earnings and central bank meetings this
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Hogan Lovells and Cadwalader, Wickersham Taft Announce Historic Merger to Form Fifth-Largest Law Firm

Hogan Lovells and Cadwalader, Wickersham Taft Announce Historic Merger to Form Fifth-Largest Law Firm

Hogan Lovells and Cadwalader, Wickersham Taft Announce Historic Merger to Form Fifth-Largest Law Firm
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Investment bank Lincoln International moves closer to public markets with US IPO filing

Investment bank Lincoln International moves closer to public markets with US IPO filing

April 24 (Reuters) - Lincoln International filed for an initial public offering in the United States on Friday, setting the stage for the rare stock market flotation of an investment bank.
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Jane Street's $40 billion trading haul tops rivals, sources say

Jane Street's $40 billion trading haul tops rivals, sources say

By Anirban Sen NEW YORK, April 24 (Reuters) - Jane Street, Wall Street's leading market maker, generated a record $39.6 billion in net trading revenue last year, leapfrogging its biggest high-speed trading rivals and several investment banks including JPMorgan, according to documents seen by Reuters
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S 500 Reaches Record High Amid Strong Corporate Earnings Despite Ongoing Iran Conflict

S 500 Reaches Record High Amid Strong Corporate Earnings Despite Ongoing Iran Conflict

S 500 Reaches Record High Amid Strong Corporate Earnings Despite Ongoing Iran Conflict
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Avis roller coaster drags a big index along for the ride

Avis roller coaster drags a big index along for the ride

By Chibuike Oguh NEW YORK, April 24 (Reuters) - White-knuckle trading this month in car rental firm Avis Budget has taken one of the longest-standing U.S. stock indexes for its own thrill ride.