Author: Reuters

Morgan Stanley is seeking regulatory approval to launch exchange-traded funds tied to the price of cryptocurrency tokens, according to filings with the U.S. Securities and Exchange Commission on Tuesday, the first such move by a big U.S. bank. The bank is looking to launch ETFs tied to the price of cryptocurrencies bitcoin and solana, according…

 Anheuser-Busch InBev will buy back a 49.9% stake in its U.S. metal container plants for about $3 billion, the world’s top brewer said Tuesday, at a time of soaring aluminium costs due to tariffs. The maker of Budweiser and Corona beers has spent much of the last decade trying to raise cash, rather than spend…

NBCUniversal has sold out advertising spots for the 2026 Winter Olympics in Italy a month before the start of the Games in early February, the Comcast-owned company said Tuesday. More than 100 new advertisers have signed on for the Milano Cortina Games, making it the biggest broadcast and digital revenue earner in Winter Olympics history…

Comerica shareholders on Tuesday approved a $10.9 billion sale to larger rival Fifth Third Bancorp, the two companies said, ignoring an activist hedge fund’s calls to block the deal after having initially urged the bank to put itself up for sale. At the special meeting, a preliminary tally showed 97% of Comerica shareholders voted in…

Danish drugmaker Novo Nordisk launched its once-daily Wegovy pill in the United States on Monday, offering 1.5 milligram and 4 mg doses at $149 per month for self-paying patients in an intensely competitive weight-loss drug market. The pill was approved by the U.S. Food and Drug Administration last month, a boon to Novo Nordisk as it…

U.S. manufacturing activity contracted more than expected in December, extending its slump to 10 straight months as new orders fell again and input costs kept grinding higher as the sector continues to bear the imprint of President Donald Trump’s import tariffs. The Institute for Supply Management said Monday its manufacturing PMI dropped to 47.9 in…

White House and State Department officials have told U.S. oil executives in recent weeks that they would need to return to Venezuela quickly and invest significant capital in the country to revive the damaged oil industry if they wanted compensation for assets expropriated by Venezuela two decades ago, according to two people familiar with the outreach.…

DETROIT – Sales of new cars in the United States rose about 2% in 2025, analysts estimate, defying extraordinary disruptions all year in an industry where “black swan” events have become routine. Several automakers on Monday reported strong December sales to close out the year. Toyota Motor notched an 8% increase in U.S. vehicle sales…