Author: Press Room
AmnajKhetsamtip NanoString (NASDAQ:NSTG) lost half of its market value on Monday after a legal setback in Delaware over a patent dispute prompted the life sciences company to withdraw its guidance. On Friday, 10x Genomics (TXG) said that jurors in a Delaware federal court ordered NanoString (NSTG) to pay $31M in damages after finding that the latter’s GeoMx Digital Spatial Profiler products for RNA and protein detection infringed seven of its patents. Citing an ongoing review of the setback, the company said in a statement on Sunday it will withdraw full-year 2023 and fourth-quarter financial guidance. However, NanoString (NSTG) disagreed with…
© Reuters. SINGAPORE – The central banks of Indonesia and Singapore have officially launched a cross-border QR payment linkage, a major step forward in financial integration between the two Southeast Asian nations. This new system allows users to make retail transactions seamlessly across borders by scanning QR codes through mobile apps, specifically QRIS in Indonesia and NETS in Singapore. The initiative, which went live today, is part of a broader effort to support economic integration and digital connectivity within the region, with a particular focus on empowering micro and small businesses to expand their customer bases internationally. It aligns with…
Prosecutors and lawyers for former President Donald J. Trump are set to square off on Monday in a federal appeals court in Washington to debate the validity of the gag order placed on Mr. Trump in the criminal case accusing him of plotting to overturn the 2020 election.The hearing in front of the U.S. Court of Appeals for the District of Columbia Circuit follows more than a month of back-and-forth arguments about the order. It was put in place by the trial judge in October to stop Mr. Trump from maligning or threatening prosecutors, potential witnesses or court employees involved…
US stocks rose on Monday as investors looked ahead at the Fed’s next rate move. Investors are pricing in a nearly 30% chance the Fed could cut rates by March. Traders also have their eye on Nvidia, which will report earnings on Tuesday. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app US stocks rose on Monday as investors assessed the outlook for interest rates into 2024, kicking off the short trading week on a positive note.Traders have raised their expectations for the Fed to…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The boss of Huel said he was open to a sale of the meal replacement maker, admitting that the flagging initial public offering market has made a UK listing less attractive. Chief executive James McMaster said that Huel, which sells plant-based powders, drinks and snacks to time-pressed consumers, was in no rush to pursue a listing, having explored it recently. “We did consider the IPO market before the markets died basically at the beginning of 2022; who knows where that ends up,” he said.…
UNITED STATES – The millennial generation in the United States is currently facing a significant financial hurdle as mortgage debt for this demographic has spiked nearly 20% since the fourth quarter of 2021. This increase comes at a time when millennials are already dealing with the repercussions of having missed out on the historically low borrowing rates during the COVID-19 pandemic. Since March 2022, the Federal Reserve has introduced 11 interest rate hikes aimed at controlling inflation, which has led to current mortgage rates exceeding 7%. This situation poses a particular challenge for millennials who are entering the housing market…
© Reuters. FILE PHOTO: OpenAI logo is seen in this illustration taken, February 3, 2023. REUTERS/Dado Ruvic/Illustration/File Photo By Akash Sriram (Reuters) – OpenAI’s staff has threatened to quit the artificial intelligence startup and join former boss Sam Altman at Microsoft (NASDAQ:)’s new division unless the board resigns, according to a letter seen by Reuters. Apart from Chief Technology Officer Mira Murati, Chief Data Scientist Ilya Sutskever and Chief Operating Officer Brad Lightcap, about 500 members of OpenAI staff said they would resign, a person familiar with the matter told Reuters. OpenAI did not immediately respond to a Reuters request…
2/2 © Reuters. Smoke rises from chimneys at a factory in the port of Dunkirk, France January 19, 2023. REUTERS/Yves Herman/File photo 2/2 By Gloria Dickie LONDON (Reuters) -Countries’ current emissions pledges to limit climate change would still put the world on track to warm by nearly 3 degrees Celsius this century, according to a United Nations analysis released Monday. The annual Emissions Gap report, which assesses countries’ promises to tackle climate change compared with what is needed, finds the world faces between 2.5C (4.5F) and 2.9C (5.2F) of warming above preindustrial levels if governments do not boost climate action.…
tenmilemedia/iStock via Getty Images Union members at two casinos in Detroit voted to ratify a new labor contract and end what was a short strike that did not disrupt operations to a large degree. Workers at MotorCity Casino and Hollywood Casino at Greektown voted in favor of the new contract, but workers at MGM Grand Detroit rejected the tentative deal and will continue to strike. “This is a very disappointing result, especially considering the historic nature of our offer and the fact that it would immediately and positively benefit our DCC-represented MGM Grand employees and their families,” stated MGM Resorts…
© Reuters. The dollar showed signs of weakness today, with the pair falling from a high of 148.70 in Asia to a low of 148.10 in Europe, even as U.S. Treasury yields edged up nearly four basis points to 4.480%. This divergence occurred amidst a mixed performance in European equities and stable , suggesting a neutral market sentiment. Commodities experienced some volatility with gold prices slipping by 0.4% to $1,972.10 an ounce, while climbed 1.5% to $77.05 per barrel. In the cryptocurrency space, saw a gain of two percent, closing at $37,160 amid these broader market movements. The euro and…