Pooja Desai Journalist Profile

Articles

Eli Lilly to acquire gene-editing therapy developer Verve Therapeutics for up to $1.3 billion, companies say

1 week ago | today.westlaw.com | Sriparna Roy |Pooja Desai

(Reuters) -Eli Lilly will acquire Verve Therapeutics for up to $1.3 billion, the companies said on Tuesday. Verve is developing therapies targeting genes that regulate cholesterol in the liver.
US FDA extends review of KalVista's swelling disorder drug due to heavy workload

2 weeks ago | today.westlaw.com | Padmanabhan Ananthan |Puyaan Singh |Pooja Desai

(Reuters) -KalVista Pharmaceuticals' said on Friday that the U.S. Food and Drug Administration had extended the review of its drug for a type of hereditary swelling disorder due to heavy workload and limited resources. The FDA indicated that it now...
Sunnova Energy to lay off 718 employees

3 weeks ago | today.westlaw.com | Shinjini Ganguli |Tanay Dhumal |Pooja Desai |Shounak Dasgupta

-Sunnova Energy said on Thursday it would lay off about 55% of its workforce, or 718 employees, in a bid to rein in spending as the residential solar panel installer grapples with a massive debt pile and sluggish demand. The company, which is...
Musk's Neuralink raises US$650 million in latest funding as clinical trials begin

3 weeks ago | cp24.com | Puyaan Singh |Pooja Desai

Elon Musk's Neuralink said on Monday that it had raised US$650 million in its latest funding round as its brain implant deviceenters clinical trials. "This funding helps us bring our technology to more people - restoring independence for those with unmet medical needs and pushing the boundaries of what's possible with brain interfaces," Neuralink said.
Musk's Neuralink raises $650 million in latest funding as clinical trials begin

3 weeks ago | today.westlaw.com | Puyaan Singh |Pooja Desai

(Reuters) -Elon Musk's Neuralink said on Monday that it had raised $650 million in its latest funding round as its brain implant device enters clinical trials. "This funding helps us bring our technology to more people — restoring independence for...
Elon Musk’s xAI startup just bought X for $45 billion

1 month ago | devicedaily.com | Seher Dareen |Pooja Desai |Sandra Maler

Elon Musk’s xAI startup just bought X for $45 billion Elon Musk said on Friday that his xAI has acquired X, the social media app formerly known as Twitter, in an all-stock transaction for $45 billion, including $12 billion in debt. “xAI and X’s futures are intertwined.
Gold Slides 3% as US, China Agree to Slash Reciprocal Tariffs

1 month ago | gurutrade.com | Brijesh Patel |Louise Heavens |Pooja Desai

Dollar rises more than 1% against its rivals US and China reach deal to slash tariffs, officials say Silver down close to 2% May 12 (Reuters) - Gold dropped 3% to a more than one-week low on Monday after the United States and China said they had agreed to a deal to cut reciprocal tariffs, sending the dollar higher and denting the safe-haven metal's appeal. Spot gold was down 3.3% at $3,215.07 an ounce, as of 1022 GMT, its lowest since May 1. U.S. gold futures slipped 3.7% to $3,218.70.
Kohl's fires new CEO for personal relationship with a vendor

1 month ago | today.westlaw.com | Juveria Tabassum |Anil D'Silva |Shounak Dasgupta |Pooja Desai

(Reuters) - Kohl's said on Thursday it had fired CEO Ashley Buchanan after an investigation found he had pushed for deals with a vendor with whom he had a personal relationship, after little more than 100 days in the CEO job.
Centene shares dip on higher Medicaid spending

2 months ago | today.westlaw.com | Sneha K |Amina Niasse |Sharon Singleton |Pooja Desai

(Reuters) - Centene beat quarterly profit estimates and raised its annual revenue forecast on Friday due to strong enrolment in Obamacare plans, but the insurer's shares fell about 8% in early trading due to high costs tied to its Medicaid plans.
General Dynamics Profit Rises on Sustained Defense Demand, Aerospace Recovery

2 months ago | gurutrade.com | Aatreyee Dasgupta |Mike Stone |Pooja Desai |Chizu Nomiyama

April 23 (Reuters) - General Dynamics reported a 27% rise in first-quarter profit on Wednesday, driven by recovery in its aerospace segment, as well as sustained strength in its defense business. Shares were up slightly in pre-market trading in New York The aerospace unit, which makes Gulfstream business jets, posted a 45% increase in revenue in the reported quarter, compared to the same quarter a year ago.