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Apollo's assets under management hit $1 trillion; fee earnings touch record high
54+ min ago (274+ words) May 6 (Reuters) " Apollo Global Management's assets under management surpassed the $1 trillion mark, driving its earnings from fees for the first quarter to record levels, the company said on Wednesday. Shares of the company were up about 1. 3% in "trading before the…...
Space X files plan for $55 billion Terafab chip facility in Texas
1+ hour, 13+ min ago (117+ words) May 6 (Reuters) " Elon Musk's Space X has proposed investing $55 billion "to build a "semiconductor manufacturing facility, called Terafab, in Texas, according to a filing made "public "on Wednesday. The "project would involve "a multi-phase chip fabrication and advanced computing complex…...
Tennis-PTPA says French Open prize money row highlights need for deeper reforms
1+ hour, 20+ min ago (568+ words) BENGALURU, May 6 (Reuters) " The Professional Tennis Players Association said the row over French Open prize money shows precisely why it is challenging the way tennis is run, warning that without reform the sport will be stuck in cycles of disputes…...
CVS Health raises 2026 forecast after improving medical cost controls
57+ min ago (541+ words) NEW YORK, May 6 (Reuters) " CVS Health raised its full-year forecast on Wednesday, aided by increased first-quarter earnings in the company's pharmacy management business and strong medical cost controls in its government-sponsored health plans. Shares of the healthcare conglomerate rose 4% before…...
Exclusive-Iran conflict may have motivated Trump dinner shooting suspect, US intelligence report finds
1+ hour, 24+ min ago (592+ words) By Ted Hesson, Jana Winter and Andrew Goudsward The report, a preliminary assessment by "the Department of Homeland Security's Office of Intelligence and Analysis dated April 27, assessed that the suspect Cole Allen had "multiple social and political grievances." It concluded…...
Factbox-Hedge funds turn nimble to deliver April gains, say sources
1+ hour, 23+ min ago (336+ words) By Nell Mackenzie and Summer Zhen LONDON, May 5 (Reuters) " Hedge funds pounced on the U. S. /Iran ceasefire to post positive performances in April, with some reaping returns from bullish bets "placed just before the April 8 ceasefire announcement, reports "from prime brokerages…...
California's highest court to consider whether drugmakers have'duty to innovate'
1+ hour, 22+ min ago (308+ words) May 6 (Reuters) " The California Supreme Court will on Wednesday consider whether manufacturers of drugs that are considered safe are legally obligated to continue developing drugs that are allegedly "safer. Gilead Sciences is appealing lower court rulings that said "patients using…...
Venezuela tells the World Court it has no jurisdiction in dispute with Guyana over oil-rich territory
1+ hour, 14+ min ago (344+ words) THE HAGUE, May 6 (Reuters) " Venezuela told judges at the United Nations" highest court, the World Court, on Wednesday that it rejects its jurisdiction in "its century-old dispute with its neighbour Guyana centred around a'region "that is rich in oil. At…...
Disney earnings beat estimates as new CEO outlines growth strategy
49+ min ago (390+ words) LOS ANGELES, May 6 (Reuters) " Walt Disney exceeded Wall Street's quarterly earnings estimates on Wednesday as streaming and theme park revenue rose, and new Chief Executive Josh D'Amaro reiterated that the "company expected growth to accelerate in the second half of…...
Schneider Electric to launch Southeast Asia training hub in Malaysia
1+ hour, 23+ min ago (286+ words) KUALA LUMPUR, May 6 (Reuters) " French energy technology firm Schneider Electric plans to open a Southeast Asian training centre in Malaysia this year, a senior "executive said on Wednesday, as a boom in "artificial intelligence infrastructure drives up power demand in…...