By Sneha S K(Reuters) -Gene sequencing equipment maker PacBio plans to cut around 120 jobs and lower expenses due to fresh tariffs and reduced funding for federal health agency National Institutes of Health (NIH), it said on Wednesday.The company plans to eliminate about "80 current positions and 40 open or planned positions across the organization," it said in an emailed statement.WHY IT’S IMPO ...
By Aditya Soni and Juby Babu(Reuters) - The "Magnificent Seven" stocks amassed more than $1.5 trillion in market value on Wednesday after U.S. President Donald Trump paused his sweeping tariffs for 90 days, easing pressure on tech giants that had tumbled in recent sessions.The gains did not erase the $3.4 trillion in value the companies have collectively shed since their peak in late 2024, with so ...
By John KruzelWASHINGTON (Reuters) -The U.S. Supreme Court cleared the way on Wednesday for President Donald Trump to remove Democratic members of two federal labor boards for now, putting on hold a pair of judicial orders that had shielded them from dismissal.Chief Justice John Roberts, acting on behalf of the court, halted the orders by two Washington-based federal judges that blocked Trump’s ...
By David ShepardsonWASHINGTON (Reuters) -Around 4,000 employees of the U.S. Transportation Department have applied to take a new buyout offer that offers pay and benefits through Sept. 30, a department official told Reuters.The figure is not final because it may include employees who are not eligible or some who sent more than one email seeking the buyout, the official said.The offer, made last we ...