Mexico’s Weed ‘Nuns’ Want to Take the Plant Back From the Narcos

Cam White | December 28, 2023

By Sarah Kinosian (Reuters) – Beneath each full moon on the outskirts of a village in central Mexico, a group of women in nun habits circle around a roaring fire, cleanse themselves with burned sage, and give thanks for the moon, animals, and plants. Then they inhale deeply from a joint and blow clouds of […]

Oil Sputters Near Three-Month Lows as Demand Concerns Mount

Cam White | November 8, 2023

By Paul Carsten (Reuters) -Oil prices slid more than $1 on Wednesday to their lowest in more than three months on concern over waning demand in the United States and China. Brent crude futures fell $1.11 to $80.50 a barrel by 1311 GMT and U.S. crude lost $1.20 to $76.17, with both benchmarks registering their […]

U.S. FTC Disputes Over 100 Medical Patents Listed With FDA Including Asthma Inhalers

Cam White | November 7, 2023

By Diane Bartz and Patrick Wingrove WASHINGTON (Reuters) -The U.S. Federal Trade Commission (FTC) on Tuesday said it sent letters to medical device companies and drugmakers including AbbVie, AstraZeneca and Teva disputing the accuracy or relevance of 110 patents that could lead to delays in generic competition. Many of the patents at issue in the […]

Kinder Morgan to Buy Nextera Energy Partners’ Texas Pipelines for $1.82 Billion

Cam White | November 7, 2023

By Seher Dareen and Sourasis Bose (Reuters) -U.S. pipeline operator Kinder Morgan said on Monday it would acquire NextEra Energy Partners’ gas pipelines in South Texas for $1.82 billion. The oil and gas pipeline business has seen increased consolidation this year as U.S. production grows and persisting problems related to permits for new pipelines have […]

The Other Crypto Bosses in U.S. Authorities’ Crosshairs

Cam White | November 4, 2023

By Niket Nishant and Hannah Lang WASHINGTON (Reuters) – Onetime crypto poster child Sam Bankman-Fried was on Thursday found guilty of defrauding customers of his now-bankrupt crypto exchange FTX, in a high-profile criminal case that rocked the industry. But he’s not the only one in regulators’ sights. As token prices plummeted last year, the sector […]

Coinbase Shares Fall on Lower Trading Volume despite Revenue Beat

Cam White | November 3, 2023

By Hannah Lang (Reuters) -Cryptocurrency exchange Coinbase on Thursday beat estimates for third-quarter revenue, but saw trading volumes decline for the second quarter in a row, sending shares of the company down in after-hours trading. Trading volumes at the crypto exchange in the third quarter came in at $11 billion, compared with $26 billion a […]

Novo Nordisk to ‘Significantly’ Boost Obesity Drug Wegovy Doses Next Year in the U.S.

Cam White | November 2, 2023

By Jacob Gronholt-Pedersen and Maggie Fick COPENHAGEN (Reuters) – Novo Nordisk said on Thursday it will supply “significantly” more doses of Wegovy in the U.S. next year, even as it cautioned shortages of the weight-loss injection would continue in the short to medium term. The Danish drugmaker, which this year overtook LVMH as Europe’s most […]

AMD Forecasts $2 Billion Sales of AI Chips, Helping Shares Rebound

Cam White | October 31, 2023

By Chavi Mehta and Stephen Nellis (Reuters) -Chip designer Advanced Micro Devices on Tuesday forecast $2 billion in sales in 2024 from a chip that aims to compete with Nvidia in the artificial intelligence (AI) market, helping shares recover after a quarterly outlook missed expectations. AMD forecast fourth-quarter revenue and gross margins below Wall Street […]

Apple Expected to Unveil New Macs as PC Industry Slump Eases

Cam White | October 30, 2023

By Stephen Nellis (Reuters) – Apple is expected to unveil at an event on Monday new Mac computers and possibly a new chip to power them as it gears up for a fresh bout of competition against Windows-based PCs with better battery life starting next year, analysts said. The event, to be livestreamed at 8 […]

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