Lower drug sales potential at Bayer underscores need for deals

FRANKFURT (Reuters) - Germany’s Bayer (BAYGn.DE), which acquired seed company Monsanto this year, reduced its combined sales estimate for its most promising experimental drugs, acknowledging it needs to do more to replenish the development pipeline. FILE PHOTO: A logo of Bayer is seen next to dark clouds at Cologne Bonn airport March 27, 2015. REUTERS/Wolfgang… Read More

Danske investors bank on Maersk clan to chart course through crisis

LONDON/COPENHAGEN (Reuters) - Danske Bank’s top investors are looking to Denmark’s Maersk family to steer the country’s largest lender through the turmoil of a 200 billion euro ($227 billion) money laundering scandal. FILE PHOTO: The Danske Bank building in Copenhagen, Denmark, September 27, 2018. REUTERS/Jacob Gronholt-Pedersen/File Photo The Danish clan’s investment firm A.P. Moller Holding,… Read More

Saudi energy minister meets U.S. Iran envoy in Vienna ahead of OPEC

VIENNA (Reuters) - Saudi Energy Minister Khalid al-Falih met U.S. special representative for Iran Brian Hook in Vienna on Wednesday, sources familiar with the meeting said. Iran’s Oil Minister Bijan Zanganeh criticized Hook over the meeting for what he said was his “meddlesome approach”. Hook, a senior policy adviser to U.S. Secretary of State Mike… Read More

Hyundai, South Korea talks on low-cost carmaking JV hit snag

SEOUL (Reuters) - Hyundai Motor’s (005380.KS) talks to build a low-cost carmaking factory with a local government suffered a setback on Wednesday as the South Korean automaker rejected proposed revisions to certain terms related to wage negotiations. Workers from Hyundai Motor labour union attend a protest against an agreement to outsource the production of a… Read More

Space station robot goes rogue: International Space Station’s artificial intelligence has turned belligerent

Space station robot goes rogue: International Space Station’s artificial intelligence has turned belligerent
Space station robot goes rogue: International Space Station’s artificial intelligence has turned belligerent Published December 05, 2018 (Credit: Gary Hershorn, Fox News) It’s supposed to be a plastic pal who’s fun to be with. CIMON isn’t much to look at. It’s just a floating ball with a cartoonish face on its touch screen. It’s built to be a personal assistant... Read More

Waymo unveils self-driving taxi service in Arizona for paying customers

CHANDLER, Ariz. (Reuters) - Alphabet’s (GOOGL.O) Waymo on Wednesday launched a significant development in its costly, decade-long quest for autonomous transportation: self-driving taxis that actually generate fares. With little fanfare, the company has begun charging passengers to use its driverless vehicles in a roughly 100-mile (160 km) zone in four Phoenix suburbs - Chandler, Tempe,… Read More

How Waymo compares to U.S. rivals in the race for robotaxis

SAN FRANCISCO (Reuters) - Waymo, Alphabet’s (GOOGL.O) self-driving unit, launched on Wednesday the first commercial automated ride-hailing service of its size among the main U.S. companies vying to dominate the still nascent market. A Waymo Chrysler Pacifica Hybrid self-driving vehicle approaches during a demonstration in Chandler, Arizona, November 29, 2018. REUTERS/Caitlin O’HaraBig technology companies like… Read More