Reuters

(Reuters) - Illumina reiterated its 2024 revenue forecast on Thursday, expecting continued weak demand from its customers such as medical research labs and hospitals.

The San Diego, California-based company, whose tools and services are used in developing therapies and vaccines, has seen both a slowdown in demand from key markets such as China and cautious spending from its customers.

The gene sequencing machine maker continues to expect... (continue reading...)

Monster Beverage reported a 12% jump in first-quarter revenue on Thursday, helped by steady demand for the energy drink maker's high-priced juices as well as easing freight costs.

Demand for the company's energy drinks, including Monster Energy and Tour Water, held as inflation-weary customers stretched their budgets to spend on at-home meals and beverages.

Last month, peer Keurig Dr Pepper and larger peer Coca-Cola also reported an upswing... (continue reading...)

(Reuters) - Proxy advisory firm Egan Jones said on Thursday that it recommended Norfolk Southern shareholders vote for activist investor Ancora's nominees to the company's board and backed a CEO change at the railroad.

The advisory firm said it favored Ancora's plan to replace the company's current CEO Alan Shaw with former UPS executive Jim Barber and elect seven of its candidates to the railroad's 13-member board.

The east-coast... (continue reading...)

By Elizabeth Howcroft

LONDON (Reuters) - The world's largest stablecoin, Tether, has stepped up monitoring of how its tokens are used in broader crypto markets and payments in a bid to combat illicit finance, Tether said in a statement on Thursday.

Tether, a cryptocurrency pegged to the U.S. dollar, and blockchain analytics company Chainalysis have launched new tools to identify transactions associated with sanctioned entities and analyse... (continue reading...)

(Reuters) -Australia's Macquarie Group posted a 32% drop in its full-year profit on Friday due to weaker performance across its commodities, global markets and asset management businesses.

A normalisation in commodity prices compared with last year and weakness in mergers and acquisitions activity in Australia at a time of high interest rates and lower asset realisations in green investments impacted Macquarie's bottomline in fiscal 2024.

Its... (continue reading...)