Author: Reuters Econ

Meta Platforms is delaying the launch of its flagship “Behemoth” AI model due to concerns about its capabilities, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

Lockheed Martin expects to be awarded a finalized contract on its F-35 jets, which have been beset by delays in a technology upgrade, sooner than it previously anticipated, the U.S. defense contractor’s finance chief said on Wednesday.

Daimler Truck , one of the world’s biggest truckmakers, cut its operating profit forecast for 2025 on Tuesday, citing heightened demand uncertainty.

Cannes Film Festival director Thierry Fremaux wants more details before discussing President Donald Trump’s proposed tariffs on films made outside the United States, he said on Monday.

U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer said on Sunday they reached a deal with China to cut the U.S. trade deficit, describing “substantial progress” in high-stakes talks with Chinese officials but offering no details as two days of negotiations concluded in Geneva.

Health and wellness companies are embracing weight-loss drugs and building offerings around them in an effort to avoid the fate of WeightWatchers, which declared bankruptcy this week, citing vastly increased use of the new blockbuster medicines.

Kevin Warsh, an apparent frontrunner to be U.S. President Donald Trump’s pick to be the next chair of the Federal Reserve, on Friday suggested a possible pathway to the lower policy rates that Trump has repeatedly pressed the current Fed Chair Jerome Powell to deliver, and delivered a fresh dig at the Fed’s conduct of monetary policy.

British Airways owner IAG plans to place an order for around 30 long-haul jets from Airbus as part of a wide-body order split between the European planemaker and its U.S. rival Boeing , industry sources said on Thursday.

U.S. energy groups are asking President Donald Trump’s administration to exempt liquefied natural gas tankers from a new rule that will require producers to move an increasing percentage of their exports on U.S.-built vessels as part of a broader push to revive domestic shipbuilding.

The U.S. Food and Drug Administration has named Vinay Prasad, an oncologist who has previously criticized FDA leadership and COVID-19 mandates, as the director of its Center for Biologics Evaluation and Research, the agency said on Tuesday.