By Foo Yun Chee BRUSSELS (Reuters) -Seventy-six companies have bid to develop Europe’s artificial intelligence gigafactories, the EU’s tech chief said on Monday, hailing a bigger than expected response to the bloc’s push to catch up with the U.S. and China in this key technology. The European Commission made the announcement four months after it allocated 20 billion euros ($23 billion) in EU ...
By Christy Santhosh (Reuters) -AbbVie said on Monday it would acquire privately held cell therapy developer Capstan Therapeutics in a deal worth up to $2.1 billion, expanding its product pipeline with experimental treatments for autoimmune diseases. The U.S. drugmaker has spent over $20 billion on acquisitions since 2023 as its flagship rheumatoid arthritis drug, Humira, lost patent protection. Ca ...
SAO PAULO (Reuters) -Brazil’s government will launch an investigation into suspected export "dumping" of some hot-rolled steel products from China, India and Indonesia, its official gazette said on Monday. Preliminary studies have found the sufficient evidence of dumping as well as resulting damage to its domestic steel industry, the document said. Steelmakers in Latin America’s largest econom ...
Investing.com -- C3.ai Inc (NYSE:AI) stock rose 2.7% following the announcement of a strategic partnership with Huntington Ingalls Industries (NYSE:HII), America’s largest military shipbuilder, to expand digital technologies and apply artificial intelligence to accelerate shipbuilding throughput. The partnership aims to integrate AI solutions across HII’s shipbuilding operations, including pla ...