Tasim Zahid Journalist Profile

Articles

Roche Boosts US Presence with New $700M North Carolina Facility

2 days ago | gurutrade.com | Sneha K |Tasim Zahid |Shailesh Kuber

May 12 (Reuters) - Roche Group said on Monday that it plans to invest more than $700 million in a new drug manufacturing facility in North Carolina, the latest drugmaker to expand its presence in the United States amid President Donald Trump's tariff policies. The new facility, based in Holly Springs, North Carolina, will support Roche and its unit Genentech's future portfolio of next-generation obesity medicines.
AMETEK to acquire FARO Technologies in deal valued at $920 million

1 week ago | today.westlaw.com | Sameer Manekar |Aatreyee Dasgupta |Tasim Zahid |Shreya Biswas

(Reuters) -Industrial tools maker AMETEK will acquire FARO Technologies at an enterprise value of about $920 million, the two companies said on Tuesday, sending the target firm's shares soaring 36% before the bell. Under the agreement, AMETEK is...
Uber to buy controlling stake in Turkey's Trendyol GO food delivery business for $700 million

1 week ago | today.westlaw.com | Shinjini Ganguli |Deborah Mary Sophia |Tasim Zahid |Aditya Soni

(Reuters) -Uber said it would buy a majority 85% stake in Turkish food and grocery delivery platform Trendyol Go for $700 million, as the ride-hailing giant looks to tap new growth markets amid signs of saturation in its mainstay North American...
Anduril to acquire Ireland's Klas to bolster AI warfare systems

1 week ago | today.westlaw.com | Mike Stone |Abhinav Parmar |Tasim Zahid

(Reuters) -AI-powered defense startup Anduril Industries on Monday said it has entered into a definitive agreement to acquire Ireland-based tactical communications systems maker Klas. Anduril, along with software maker Palantir and Elon Musk's SpaceX,...
UnitedHealth names insider Patrick Conway as Optum CEO

2 weeks ago | today.westlaw.com | Sriparna Roy |Tasim Zahid

(Reuters) -UnitedHealth Group said on Tuesday insider Patrick Conway will take on the top job at Optum, its health services segment, replacing Heather Cianfrocco, who will take on a new role within the healthcare conglomerate. Conway is currently the...
Shein, Temu raising prices amid Trump’s tariff crackdown | Globalnews.ca

4 weeks ago | globalnews.ca | Savyata Mishra |Tasim Zahid

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Shein, Temu raising prices amid Trump’s tariff crackdown

4 weeks ago | iheartemirates.com | Savyata Mishra |Tasim Zahid

Chinese online marketplace Temu and fast-fashion retailer Shein will raise prices on their products next week as President Trump’s crackdown on low-value imports and sweeping tariffs increase expenses for the companies known for their low-priced offerings.
Costco is pressuring Mainland China suppliers to cut prices as tariffs loom

1 month ago | insideretail.asia | Neil J Kanatt |Tasim Zahid |Nicole Kirichanskaya |Tamera Francis

Costco Wholesale is pressuring mainland China suppliers to cut prices in response to US tariffs, The Financial Times reported on Tuesday, citing two suppliers. This follows Beijing officials meeting with Walmart earlier this month to discuss media reports that the US retailer asked Chinese suppliers to slash prices to offset tariff impacts.
Amazon's robotaxi unit Zoox agrees recall over braking issue

1 month ago | today.westlaw.com | Elaine Hardcastle |David Shepardson |Deborah Mary Sophia |Tasim Zahid

WASHINGTON (Reuters) -Amazon.com's self-driving unit Zoox agreed to recall 258 vehicles due to issues with its automated driving system that could cause unexpected hard braking, after a U.S. investigation, according to a company filing Wednesday.
UK's FTSE 100 Outperforms Europe on Robust Corporate Earnings

2 months ago | gurutrade.com | Ragini Mathur |Shashwat Chauhan |Tasim Zahid

IAG gains after annual profit beats estimates Morgan Advanced Materials slides after dour forecast U.S. PCE data due at 1330 GMT FTSE 100 up 0.3%, FTSE 250 off 0.4% Feb 28 (Reuters) - Britain's FTSE 100 bucked the global gloom on Friday, driven by earnings-related movements in several stocks, including IAG, even as investors eagerly anticipate a crucial U.S. inflation reading scheduled for later in the day.