Business

May 31 (Reuters) – The U.S. Food and Drug Administration on Wednesday approved Pfizer Inc’s (PFE.N) respiratory syncytial virus (RSV) vaccine for older adults, making it the second shot against the common respiratory disease that can be fatal for seniors.The approval comes less than a month after the FDA approved a similar shot by rival… […]

May 31 (Reuters) – Lucid Group (LCID.O) said it plans to raise about $3 billion through a stock offering, nearly two-thirds of which will come from Saudi Arabia’s Public Investment Fund (PIF), sending shares of the luxury electric-vehicle maker down 9% after market hours.PIF, which owns more than 60% of the company, has agreed to… […]

SAN FRANCISCO, May 30 (Reuters) – China was the biggest market for Tesla’s Model Y electric sport utility vehicles, helping it become the world’s top selling vehicle in the first quarter of this year, according to data from market research firm JATO shared with Reuters.Elon Musk on Tuesday visited China for the first time in… […]

[1/2] The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 17, 2021. REUTERS/Andrew Kelly/File PhotoMay 30 (Reuters) – Goldman Sachs Group Inc (GS.N) is expected to cut fewer than 250 jobs in the coming weeks as a sluggish… […]

BEIJING, May 31 (Reuters) – Billionaire Elon Musk was showered with praise during a trip to China this week, with people on social media calling him “a pioneer”, “Brother Ma” and “a global idol” while the CEO of Tesla (TSLA.O), Twitter, SpaceX and other companies also met in person with three government ministers.Since landing in… […]

[1/5] Members of Vesta Orchestra and Opera Foundation perform during a concert they organized at the Alliance Francaise de Lagos / Mike Adenuga Centre in Lagos, Nigeria May 20, 2023. REUTERS/Temilade AdelajaLAGOS, May 26 (Reuters) – At a Lagos cultural centre, a rapt audience listened to baritone John Onosolease perform an operatic song in the… […]

TOKYO, May 30 (Reuters) – Mitsubishi Motors Corp (7211.T) will extend a suspension of its production in China beyond May, the Yomiuri newspaper reported on Tuesday, highlighting struggles the Japanese car maker faces in the world’s largest auto market.Mitsubishi Motors is discussing when to resume production in China with its local partner, a company spokesperson… […]

DUBAI, May 29 (Reuters) – OPEC will welcome Iran’s full return to the oil market when sanctions are lifted, the secretary general of the Organization of the Petroleum Exporting Countries (OPEC) told the Iranian oil ministry’s website SHANA on Monday.Iran is an OPEC member, although its oil exports are subject to U.S. sanctions aimed at… […]

MONTREAL, May 29 (Reuters) – Air Canada’s (AC.TO) pilots have ended a decade-long contract framework, opening the door to “full bargaining this summer,” their union leadership said on Monday in a note to members seen by Reuters.Air Canada pilots have previously said they are pressing for “historic” gains to narrow the earnings gap with higher-paid… […]

May 29 (Reuters) – The Trinidad and Tobago government accepted bid recommendations for six of eight onshore oil and gas exploration blocks, people close to the matter said on Sunday, setting the stage for awards to be disclosed as soon as this week.The Caribbean nation has pushed to expand exploration to counter declines in its… […]