Tesla shares rise as Musk says Model 3 set to hit target
(Reuters) – Tesla Inc shares headed for their best day in more than two years on Wednesday after Chief Executive Elon Musk said the car maker was now churning out 500 of its Model 3 sedans a day and should achieve its 5,000 per week target by the end …
Athenahealth CEO steps down; company considers sale
(Reuters) – Athenahealth Inc’s Chief Executive Officer Jonathan Bush stepped down on Wednesday and the healthcare software maker said it was exploring options, including selling itself, following pressure from activist investor Elliott Management.
Rising exports push U.S. trade deficit to seven-month low
WASHINGTON (Reuters) – The U.S. trade deficit fell to a seven-month low in April as exports rose to a record high, lifted by an increase in shipments of industrial materials and soybeans.
Swiss prosecutors will not pursue Novartis over Trump lawyer payments
ZURICH (Reuters) – The Swiss attorney general’s office (OAG) said on Wednesday it will not bring proceedings against Novartis in connection with $1.2 million in payments the Swiss drugmaker made to U.S. President Donald Trump’s personal lawyer.
VW plans production shut-downs in Wolfsburg due to new test standards
FRANKFURT (Reuters) – Volkswagen will discuss with workers in the coming days for how long it will shut production at its main plant in Wolfsburg in September due to the switch to new lab test standards WLTP, its chief executive told VW staff on Wedne…
U.S. trade deficit falls to seven-month low
WASHINGTON (Reuters) – The U.S. trade deficit fell to a seven-month low in April as exports rose to a record high, lifted by an increase in shipments of industrial materials and soybeans.
Euro boosted but bonds and stocks sag after hawkish ECB comments
LONDON (Reuters) – The euro rose to a 10-day high on Wednesday after hawkish comments from the European Central Bank, putting more upward pressure on bond yields and sinking some stocks as worries over Italy also weighed.
Pfizer pumps $600 million into venture capital arm
(Reuters) – Pfizer Inc said on Wednesday it planned to invest $600 million in its venture capital fund, a quarter of which would be earmarked for promising research on neuroscience.
Jack Daniel’s maker Brown-Forman profit beats, flags tariff worries
(Reuters) – Brown-Forman Corp edged past Wall Street estimates for fourth-quarter profit on Wednesday but warned that its outlook was clouded by potential retaliatory tariffs from top U.S. trade allies.
Uber jumps into Europe’s crowded bike-sharing market
BERLIN (Reuters) – Uber, the ride-hailing company which has been banned from many European cities, is about to launch its JUMP electric bicycle sharing service in Germany as it diversifies and seeks to build bridges with local authorities.
