Reuters

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...)

(Reuters) - Swedish electric-vehicle maker Polestar Automotive will delay the publication of its fourth-quarter and full-year 2023 financial results for a second time, a spokesperson for the company said on Tuesday.

Polestar did not provide a date for the release but said it still intends to publish first-quarter financial results on May 23.

The delay is partly because the company needs more time to finalize its financial statements over... (continue reading...)

(Reuters) - The Biden administration on Tuesday released guidance on its sustainable aviation fuel (SAF) subsidy program that allows corn-based ethanol to qualify as a feedstock provided it is sourced from farms that use climate-friendly growing techniques.

The plan is likely to be bittersweet for the politically-powerful U.S. ethanol industry that is eager to secure the subsidies but had hoped for a lower hurdle.

Air travel so far... (continue reading...)

(Reuters) -Advanced Micro Devices beat first-quarter revenue estimates by a small margin on Tuesday as tepid demand for semiconductors used in traditional data centers added to weakness in the market for gaming chips.

Shares of the Santa Clara, California-based company fell 3% in extended trading.

Enterprises rushing to adopt generative AI have prioritized spending on AI server chips, hitting demand for traditional server semiconductors,... (continue reading...)

By Joseph White, Akash Sriram and Nora Eckert

DETROIT (Reuters) - Elon Musk's abrupt decision to lay off employees who ran Tesla's electric vehicle charging business blindsided automakers gearing up to equip new EVs for customers to use the Tesla Supercharger network, industry officials and analysts said on Tuesday.

For now, General Motors, Ford and other automakers which struck deals last year to give customers access to the network said... (continue reading...)