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Wall Street indexes end sharply higher on optimism about debt ceiling

By Noel Randewich and Shristi Achar A (Reuters) – U.S. stocks finished sharply higher on Friday as talks on raising the U.S. debt ceiling progressed, while chip stocks surged for a second straight day on optimism about artificial intelligence. After several rounds of talks, U.S. President Joe Biden and top congressional Republican Kevin McCarthy appeared …

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India’s Sun Pharma posts near-30% rise in Q4 profit on lower input costs

BENGALURU (Reuters) -Sun Pharmaceutical Industries Ltd, India’s largest drugmaker by revenue, on Friday reported a 29.6% rise in fourth-quarter profit, as it benefited from lower expenses and higher sales of specialty drugs. The company’s consolidated profit before exceptional items and tax rose to 24.11 billion rupees ($291.7 million) for the quarter ended March 31, it …

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Wall Street rallies, European shares see biggest gain in 2 months

By Chris Prentice and Huw Jones NEW YORK/LONDON (Reuters) -Wall Street’s main indexes rose and European shares logged their largest one-day gain in two months on Friday as talks on raising the U.S. debt ceiling progressed. Treasury yields climbed as investors rethought how long interest rates were likely to keep rising. Democratic and Republican negotiators …

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Elon Musk’s Neuralink wins FDA approval for human study of brain implants

By Rachael Levy, Marisa Taylor and Akriti Sharma (Reuters) -Elon Musk’s Neuralink received U.S. Food and Drug Administration (FDA) clearance for its first-in-human clinical trial, a critical milestone for the brain-implant startup as it faces U.S. probes over its handling of animal experiments. The FDA approval “represents an important first step that will one day …

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