Shilpi Majumdar, Thomson Reuters Journalist Profile

Articles

US FDA centers to deploy AI internally, following experimental run

1 week ago | today.westlaw.com | Puyaan Singh |Shilpi Majumdar |Krishna Eluri

(Reuters) - The U.S. Food and Drug Administration said on Thursday all its centers will deploy artificial intelligence internally immediately, with full integration on June 30, following the completion of a new generative AI pilot for scientific...
Trump nominates Kennedy ally Casey Means as new US surgeon general

1 week ago | today.westlaw.com | Shilpi Majumdar |Christy Santhosh

(Reuters) -U.S. President Donald Trump on Wednesday announced Casey Means, a physician and health entrepreneur with ties to Health Secretary Robert F. Kennedy Jr., as his nominee for the next surgeon general of the country.
Activist Glenview cuts stake in CVS after strong first-quarter earnings

1 week ago | today.westlaw.com | Shilpi Majumdar |Christy Santhosh

(Reuters) -Activist investor Glenview Capital said on Tuesday it had reduced its holdings in CVS Health following the insurer's "healthy" first-quarter results. CVS shares have generated a total return of 25% since it took a position last year,...
US SEC ends inquiry into Morgan Stanley's cash sweep program with no enforcement action

1 week ago | today.westlaw.com | Niket Nishant |Shilpi Majumdar

(Reuters) -The U.S. Securities and Exchange Commission has ended its investigation into Morgan Stanley's cash sweep program for advisory accounts and will not pursue enforcement action, the Wall Street bank said in a filing dated Monday.
Carlyle Group sells its entire stake in India's PNB Housing

1 week ago | today.westlaw.com | Shilpi Majumdar |Nivedita Bhattacharjee |Ananta Agarwal |Hritam Mukherjee

(Reuters) -U.S. private equity firm Carlyle Group has sold its entire 10.44% stake in India's PNB Housing Finance via block deals, according to an exchange filing on Friday. Carlyle was the second-largest shareholder in the non-banking finance company...
US Refiner HF Sinclair Posts Smaller-than-Expected Loss in Q1

1 week ago | gurutrade.com | Vallari Srivastava |Shilpi Majumdar |Krishna Eluri

May 1 (Reuters) - U.S. refiner HF Sinclair posted a smaller-than-expected loss in the first quarter on Thursday, supported by sequential improvement in refining margins. The 3-2-1 crack spread , a key indicator of U.S. refining margins, rebounded in early 2025 from multi-year lows as nationwide refinery maintenance tightened fuel supply.
Novartis to buy kidney disease drug maker Regulus in up to $1.7 billion deal

2 weeks ago | today.westlaw.com | Bhanvi Satija |Shilpi Majumdar |Mariam Sunny

(Reuters) -Novartis has agreed to buy Regulus Therapeutics for up to $1.7 billion, giving the Swiss drugmaker access to an experimental drug to treat a life-threatening kidney disease. Under the deal terms, Novartis will pay $7 per share in cash...
Apollo's Aspen Insurance targets $2.9 billion valuation in US stock market return

2 weeks ago | today.westlaw.com | Arasu Kannagi Basil |Shilpi Majumdar

(Reuters) -Aspen Insurance said on Tuesday it was seeking a valuation of up to $2.85 billion in its New York flotation, as the Bermudian specialty insurer looks to go public again in the United States after more than six years.
Engine Capital pushes Lyft to explore strategic options, including sale

2 weeks ago | today.westlaw.com | Akash Sriram |Shilpi Majumdar |Anil D'Silva

(Reuters) -Activist investment firm Engine Capital wants Lyft to consider strategic alternatives, including a sale, piling more pressure in its proxy battle against the ride-sharing platform. The investor, which owns about 1% of Lyft, also accused the...
IBM to Invest $150B in US over next 5 yrs to Aid Quantum Push

2 weeks ago | gurutrade.com | Zaheer Kachwala |Shilpi Majumdar

April 28 (Reuters) - IBM will invest $150 billion in the U.S., including on facilities for quantum computer production, over the next five years, the latest American technology company to back the Trump administration's push for local manufacturing. The company's announcement on Monday follows similar pledges by tech giants such as Nvidia and Apple, both of which have said they would spend about $500 billion each in the country over the next four years.