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Spotify forecasts second-quarter profit below estimates, shares fall

Spotify forecasts second-quarter profit below estimates, shares fall

April 28 (Reuters) - Spotify forecast second-quarter earnings and premium subscribers below Wall Street estimates on Tuesday, a sign of slowing growth for the Swedish streaming giant in its major markets of Europe and North America. Shares of the company fell around 6% in premarket trading.
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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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Two Spirit Airlines creditor groups back Trump bailout plan, FT reports

Two Spirit Airlines creditor groups back Trump bailout plan, FT reports

April 28 (Reuters) - Spirit Airlines has won the backing of two of its three major creditor groupings needed to secure a $500 million bailout from the Trump administration, the Financial Times reported on Tuesday, citing two people close to the talks.
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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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AI fears drive US stock investors to rethink long-term growth bets, says Goldman

AI fears drive US stock investors to rethink long-term growth bets, says Goldman

By Siddarth S April 28 (Reuters) - Fears that artificial intelligence could disrupt long-term U.S. corporate growth have renewed investor focus on how much of stock valuations depend on profits expected beyond the next decade, particularly in sectors such as software, Goldman Sachs analysts said.
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Smithfield Foods beats quarterly estimates on steady packaged meats demand

Smithfield Foods beats quarterly estimates on steady packaged meats demand

April 28 (Reuters) - Smithfield Foods beat Wall Street estimates for first-quarter sales and profit on Tuesday and stuck to its annual forecasts, helped by steady demand for packaged meat products such as bacon, ham, sausages and hot dogs.
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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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Star Entertainment reports quarterly loss on lower table games revenue

Star Entertainment reports quarterly loss on lower table games revenue

April 28 (Reuters) - Embattled Australian casino operator Star Entertainment swung to a third-quarter loss from a profit in the prior three-month period, hurt by seasonal weakness and lower table games revenue, sending its shares more than 2% lower on Tuesday.
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US stock index futures fall as Middle East stalemate keeps oil risks in focus

US stock index futures fall as Middle East stalemate keeps oil risks in focus

April 28 (Reuters) - Futures tracking the benchmark S&P 500 and the tech-heavy Nasdaq 100 indexes fell early on Tuesday as concerns mounted that the U.S.-Iran impasse could keep oil prices elevated for longer. At 5:36 a.m.
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South Carolina declares end to measles outbreak after nearly 1,000 cases

South Carolina declares end to measles outbreak after nearly 1,000 cases

April 27 (Reuters) - South Carolina health officials have declared an end to a measles outbreak that sickened 997 people over six months, making it the largest single-location outbreak in the United States since the disease was declared eliminated.
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Paramount seeks FCC approval for foreign investors backing Warner Bros acquisition

Paramount seeks FCC approval for foreign investors backing Warner Bros acquisition

By Jody Godoy and David Shepardson April 27 (Reuters) - Paramount Skydance has asked the U.S. Federal Communications Commission to greenlight foreign investments backing its acquisition of Warner Bros Discovery, according to regulatory filings made public on Monday.
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Julie DeTraglia Joins Nielsen as Head of Content and Strategic Insights

Julie DeTraglia Joins Nielsen as Head of Content and Strategic Insights

Julie DeTraglia Joins Nielsen as Head of Content and Strategic Insights