General News

By P.J. Huffstutter and Leah Douglas

(Reuters) - The ongoing U.S. outbreak of avian flu in dairy cattle reached Minnesota on Thursday as the state announced its first infected herd.

More than 80 dairy herds have been infected with the virus across 11 states since late March, and three dairy workers have tested positive for the virus.

The Minnesota Board of Animal Health said the farmer of the affected herd reported more... (continue reading...)

SHANGHAI (Reuters) - China's securities watchdog does not expect a near-term spike in delistings, it said on Thursday, after investors dumped shares in small-cap companies on fears they could be kicked off the market as Beijing weeds out weaker firms. The "survival of the fittest" mechanism is gradually taking shape but in the short term, there will not be an "evident increase" in the number of delisted companies, the China Securities Regulatory Commission... (continue reading...)

(Reuters) -A panel of outside experts to the U.S. health regulator will meet on Monday to vote on safety and efficacy data for Lilly's (NYSE: LLY) donanemab, a potential rival to Eisai and Biogen's Leqembi, and make recommendations to the FDA.

Both the drugs are antibodies designed to remove toxic beta amyloid plaques from the brains of people with early Alzheimer's disease.

The panel will also vote on whether benefits of the treatment... (continue reading...)

(Reuters) - Bitcoin miner Core Scientific on Thursday rejected an all-cash offer from Nvidia-backed specialized cloud provider CoreWeave, saying that the offer undervalues the company.

"The board determined that the CoreWeave proposal significantly undervalues the company and is not in the best interests of the company and its shareholders," Core Scientific said in a statement.

Core Scientific received an unsolicited non-binding proposal... (continue reading...)

By Yuvraj Malik

(Reuters) -Lyft is targeting a 15% annual increase in gross bookings through 2027, the ride-hailing firm said at its inaugural investor day event, adding that its nascent advertising business is expected to grow eight-fold during the same period.

The company's shares rose nearly 10% to $17.03 on Thursday.

The forecast signals Lyft could maintain its position in the North American ride-sharing market, where it... (continue reading...)