January 11, 2025 – Best Day Investing – Investing and Stock News

Trump, Zuckerberg meet at Mar-a-Lago, Semafor reports

(Reuters) – Meta (NASDAQ:META) CEO Mark Zuckerberg met with U.S. President-elect Donald Trump at Mar-a-Lago on Friday, Semafor news website reported, citing a source familiar with the matter. This post…

January 11, 2025

Stock

Biogen proposes to buy remaining stake in Sage in $442 million deal

(Reuters) – Drugmaker Biogen (NASDAQ:BIIB) will buy all outstanding shares of Sage Therapeutics that it does not already own for $7.22 apiece, a filing showed on Friday, sending the latter’s…

January 11, 2025

Stock

US supports Musk argument in OpenAI lawsuit

By Jody Godoy (Reuters) -U.S. antitrust enforcers weighed in on Friday on Elon Musk’s lawsuit seeking to block OpenAI’s conversion to a public company, pointing out legal doctrines that support…

January 11, 2025

Stock

TSMC begins producing 4-nanometer chips in Arizona, Raimondo says

WASHINGTON (Reuters) -Taiwan Semiconductor Manufacturing Co has begun producing advanced 4-nanometer chips for U.S. customers in Arizona, Commerce Secretary Gina Raimondo told Reuters, a milestone in the Biden administration’s semiconductor…

January 11, 2025

Stock

Weight-loss drug developer Metsera reveals wider loss in US IPO filing

(Reuters) – Weight-loss drug developer Metsera, backed by ARCH Venture Partners, revealed a wider loss in its paperwork for a U.S. initial public offering on Friday. The terms of the…

January 11, 2025

Economy

UN aviation agency says almost 12,000 people affected by release of data

OTTAWA (Reuters) – The U.N. aviation agency on Friday said that 11,929 individuals had been affected by the unauthorized release of recruitment application data records from April 2016 to July…

January 11, 2025

Economy

IRS says taxpayer service will suffer if Congress cuts modernization funds

By David Lawder WASHINGTON (Reuters) – The Internal Revenue Service said on Friday it will launch the 2025 tax filing season on Jan. 27 with expanded tools that cannot be…

January 11, 2025

Economy

IMF chief sees steady world growth in 2025, continuing disinflation

By Andrea Shalal WASHINGTON (Reuters) -The International Monetary Fund will forecast steady global growth and continuing disinflation when it releases its World Economic Outlook on Jan. 17, IMF Managing Director…

January 11, 2025

Economy

Jobs report fuels Treasury yield surge as markets brace for 5% threshold

By Davide Barbuscia NEW YORK (Reuters) – A recent surge in U.S. Treasury yields may gain even more momentum after a strong jobs report reinforced expectations that interest rates will…

January 11, 2025

Economy

Explainer-What happens after the TikTok ban?

By Sheila Dang (Reuters) -The U.S. Supreme Court justices on Friday expressed skepticism about a challenge from TikTok and its Chinese parent company ByteDance against a law signed by President…

January 11, 2025