(Reuters) -U.S. investment firms Silver Point Capital and Elliott Management are formulating a 10-billion-pound-plus ($13.53 billion) rescue package for Britain's Thames Water, Bloomberg News reported on Friday, citing people familiar with the matter. The deal will comprise a major debt overhaul, including a multi-billion-pound haircut for senior creditors, in addition to reductions already expected for junior Class B bonds, loans...

Shares of Recursion Pharmaceuticals Inc. ( RXRX ) are trading higher after the company, in collaboration with MIT, announced the release of Boltz-2, a new open-source AI model designed to predict molecular binding affinity with unmatched speed and accuracy. What To Know: The model, which outperforms previous tools including AlphaFold3 and Recursion's own Boltz-1, is built to advance drug discovery...

WASHINGTON, June 6 (Reuters) - President Donald Trump on Friday signed executive orders to bolster U.S. defenses against threatening drones and to boost electric air taxis and supersonic commercial aircraft, the White House said. In the three executive orders, Trump sought to enable routine use of drones beyond the visual sight of operators - a key step to enabling commercial...

SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...