11:41 AM EDT, 05/12/2025 (MT Newswires) -- Illumina's ( ILMN ) 2025 guidance cut reflects uncertainties due to faltering research demand, China's ban on the company's sequencers, and tariff-related costs, Morgan Stanley said in a note Monday. The brokerage said Illumina ( ILMN ) cut its 2025 China revenue expectations by $125 million at midpoint to a range of $165...

11:31 AM EDT, 05/12/2025 (MT Newswires) -- Alchemy Investments Acquisition (ALCY) said Monday it has signed a non-binding letter of intent to merge with a litigation finance firm Cartiga. Cartiga uses data analytics to invest in legal claims, aiming to predict outcomes, manage risks, and boost returns for law firms, the special purpose acquisition company said. After going public, the...

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,...

11:33 AM EDT, 05/12/2025 (MT Newswires) -- Semiconductor and technology stocks were rallying on Monday after the US and China agreed to suspend most tariffs on each other's goods. Washington and Beijing reached an agreement on a 90-day suspension of reciprocal duties following their talks in Switzerland over the weekend. The two sides had been in a trade war since...