March 31 (Reuters) - Isomorphic Labs, which uses artificial intelligence technologies for drug discovery, has raised $600 million in its first ever external funding round led by Thrive Capital, the startup said on Monday. Google Ventures and Alphabet, an existing investor, also participated in the round. WHY IT'S IMPORTANT Top tech companies are racing to position AI-powered offerings as central...

09:14 AM EDT, 03/31/2025 (MT Newswires) -- Emergent BioSolutions ( EBS ) said Monday its board has authorized the repurchase of up to $50 million of its common stock through March 27, 2026. The new stock buyback program may be suspended or discontinued at any time, the vaccines and specialty medicines company said, adding it had around 54.3 million shares...

09:12 AM EDT, 03/31/2025 (MT Newswires) -- Consumer stocks were flat to higher pre-bell Monday as the Consumer Discretionary Select Sector SPDR Fund ( XLY ) was inactive and the Consumer Staples Select Sector SPDR Fund ( XLP ) was recently up 0.4%. Alibaba Group ( BABA ) said it recorded a 27% year-on-year increase in US small and medium...

09:13 AM EDT, 03/31/2025 (MT Newswires) -- Rock Tech Lithium ( RCKTF ) said Monday that receiving Strategic Project status from the European Commission for its Guben converter is a transformational milestone for the company. Rock Tech said the Guben is one of only three designated strategic projects in Germany and the only lithium processing facility among the 47 projects...