Business

Hormuz transits at lowest in over two months after attacks, data shows

Hormuz transits at lowest in over two months after attacks, data shows

By Florence Tan SINGAPORE, Oct 8 (Reuters) - The number of vessels transiting the Strait of Hormuz fell to the…

October 8, 2026

Pharma lobby sues Trump administration over Medicare drug price cuts

By Michael Erman Oct 7 (Reuters) - The pharmaceutical industry's top lobby group on Wednesday sued to invalidate the Trump…

October 8, 2026

US grants Aurora exemption for self-driving trucks safety feature

By David Shepardson WASHINGTON, Oct 7 (Reuters) - The US transportation department said late on Wednesday it approved a five-year…

October 8, 2026

Samsung flags $80 billion profit on AI boom, highest quarterly for any tech company

By Heekyong Yang and Hyunjoo Jin SEOUL, Oct 8 (Reuters) - Samsung Electronics on Thursday projected its quarterly profit would…

October 8, 2026

US grants Aurora exemption for self-driving trucks safety feature

WASHINGTON, Oct 7 (Reuters) - The U.S. Transportation Department said late Wednesday it approved a five-year exemption for Aurora and…

October 8, 2026

US SEC will not charge top funds over climate concerns but warns of disclosure obligations

By Ross Kerber and Chris Prentice BOSTON/NEW YORK, Oct 7 (Reuters) - The US Securities and Exchange Commission said on…

October 8, 2026

US SEC will not charge top funds over climate concerns but warns of disclosure obligations

By Ross Kerber and Chris Prentice BOSTON/NEW YORK, Oct 7 (Reuters) - The US Securities and Exchange Commission said on…

October 8, 2026

Wall Street ends lower, off record highs, as Treasury yields climb

By Stephen Culp and Tharuniyaa Lakshmi NEW YORK, Oct 7 (Reuters) - Wall Street closed lower on Wednesday, as long-dated…

October 8, 2026

Samsung Q3 profit jumps nearly nine-fold as AI memory boom lifts chip earnings

SEOUL, Oct 8 (Reuters) - Samsung Electronics on Thursday projected a nearly nine-fold jump in third-quarter operating profit from a…

October 8, 2026

TikTok gave teens, children placebo safety feature in experiment, New York alleges

By Diana Novak Jones Oct 7 (Reuters) - TikTok ran an experiment on thousands of users who tried to turn…

October 8, 2026