Arpan Varghese

Karnātaka

Deputy News Editor at Reuters

Funny how everything is funny - Opinions my own,

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Articles

23andMe's journey from DNA testing pioneer to bankruptcy

1 month ago | today.westlaw.com | Sneha K |Siddhi Mahatole |Alan Barona |Arpan Varghese

(Reuters) - 23andMe filed for bankruptcy on Sunday, hit by faltering demand for its ancestry testing kits as it struggled to contain the reputational damage from a widespread data breach. Presented below is a sequence of events outlining the journey...
US companies announce layoffs to cut costs

1 month ago | in.marketscreener.com | A Person |Manya Saini |Arpan Varghese
Tariff-exposed stocks feel the squeeze as trade war heats up

1 month ago | today.westlaw.com | Shilpi Majumdar |Arpan Varghese |Shivansh Tiwary |Medha Singh

(Reuters) -Shares of U.S. companies were under pressure after the latest escalation in Washington's trade war, with new tariffs on Canada and Mexico expected to hit earnings in several sectors, including automobiles, aerospace, retail and housing....
Analysis-Rise in election talk from US execs highlights policy uncertainty

Aug 21, 2024 | today.westlaw.com | David Gaffen |Arpan Varghese |Saqib Ahmed |Medha Singh

(Reuters) - U.S. company executives are talking much more about the upcoming presidential election than they did four years ago as a wider policy rift between candidates Kamala Harris and Donald Trump raises questions around taxes, tariffs and...
US utilities poised to ride data center demand wave in second half

Aug 12, 2024 | today.westlaw.com | Vallari Srivastava |Arpan Varghese |Seher Dareen |Sriraj Kalluvila

(Reuters) - U.S. electric utilities sounded bullish on demand from data centers powering the artificial intelligence boom after striking several supply deals during the second quarter, reinforcing market expectations of sales growth through the year....
Uranium contract prices soar on uncertain supply, AI-led power demand

Jul 29, 2024 | mining.com | Seher Dareen |Arpan Varghese |Cecilia Jamasmie

Reuters | July 29, 2024 | 9:53 am Intelligence Markets Uranium Long-term uranium contract prices have hit over 16-year highs on supply uncertainty and higher demand from utilities scrambling to secure the radioactive fuel to aggressively expand their capacity to power mushrooming AI data centers. Term prices are now around $79 per pound, the highest since 2008, and estimated to rise further in coming months.
Short covering, tight nearby supply briefly drive palladium above $1,000/oz

Jun 21, 2024 | mining.com | Pratima Desai |Arpan Varghese |Colin McClelland

Reuters | June 21, 2024 | 10:43 am Markets Palladium Spot palladium prices in London hit a one-month high and briefly broke above the key level of $1,000 per troy ounce in volatile trade on Friday as some investors covered their short positions and the market was tight for nearby physical supply. Spot palladium was up 2.6% at $947 per troy ounce by 1655 GMT after hitting $1,027, its highest since May 22. Prices had touched their lowest in four months of $867.51 on Tuesday.
US reclassification could drive fresh research funding into pot sector

May 13, 2024 | today.westlaw.com | Manas Mishra |Pratik Jain |Arpan Varghese |Mrinalika Roy

(Reuters) - The U.S. pot sector could see an influx of medical research funding from healthcare investors amid renewed interest from pharmaceutical firms, should a proposal to reclassify cannabis as a lower-risk substance be approved, industry...
Halliburton, Baker Hughes may see deal pressure after SLB's buying spree, industry experts say

Apr 15, 2024 | today.westlaw.com | Arunima Kumar |Arun Koyyur |Arpan Varghese

(Reuters) - Investors of Halliburton and Baker Hughes are likely to pile up pressure on the top U.S. oilfield service companies to follow the steps of bigger rival SLB in beefing up their portfolios through deals, industry experts said.
India’s October fuel demand revs up on festive boost

Nov 6, 2023 | odishaexpo.com | Odisha Expo |Anjana Anil |Arpan Varghese |Barbara Lewis

Nov 6 (Reuters) – India’s gas consumption rose to a four-month excessive in October, authorities knowledge confirmed on Monday, as elevated industrial exercise boosted gross sales in the course of the festive season and the onset of winter on this planet’s third largest oil shopper.