Reuters

(Reuters) - Donald Trump has raised his stake in the company that operates his social media app Truth Social to nearly 65% as of last week, according to a filing on Tuesday.

The former U.S. president and Republican presidential candidate secured 36 million shares of Trump Media & Technology Group (TMTG), increasing his stake from 57.6% as of March.

The stock has surged over 50% to $49.93 in the past five sessions, but is still down about... (continue reading...)

(Reuters) - A federal appeals court on Tuesday overturned a judgment requiring IBM to pay rival BMC Software $1.6 billion, after a judge found IBM improperly replaced BMC's mainframe software at AT&T with its own.

The 5th U.S. Circuit Court of Appeals in New Orleans said a lower court judge's determination concerning liability was in error.

BMC is a Houston-based company that develops and licenses proprietary mainframe software products. ... (continue reading...)

(Reuters) - Apple supplier Skyworks Solutions forecast third-quarter revenue below Wall Street estimates on Tuesday on demand concerns, as clients struggle to offload excess inventory, sending its shares down 6% in extended trading. The chip company forecasts revenue of $900 million, plus or minus 2%, in the third quarter, below analysts' average estimate of $1.02 billion, according to LSEG data.

It expects adjusted earnings of $1.21 per share for... (continue reading...)

By Amina Niasse

NEW YORK (Reuters) - Almost all U.S. hospitals were hurt financially by the cyberattack on United Health Group’s Change Healthcare unit earlier this year, according to a survey from the American Hospital Association (AHA).

The AHA said that 94% of hospitals reported damage to cash flow and more than half reported significant or serious financial damage due to Change's inability to process claims.

"While... (continue reading...)

By Brendan Pierson

(Reuters) - The first trial over claims that blockbuster heartburn drug Zantac, once sold by GSK and other companies, causes cancer is set to begin this week in Chicago.

Jury selection began on Tuesday before Judge Daniel Trevino of the Circuit Court of Cook County, with lawyers' opening statements expected to follow. GSK is the sole defendant in the trial, after other companies settled.

The plaintiff,... (continue reading...)