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Technology

Amazon sees faster delivery speeds with hi-tech driver eyeglasses, AI

by Rachel Kim – Technology Editor
written by Rachel Kim – Technology Editor

Amazon ‌Drivers Get AI-Powered Eyeglasses​ to Speed Deliveries

SEATTLE ‌- Amazon is equipping its delivery drivers with high-tech eyeglasses powered by artificial intelligence to accelerate package delivery times and improve safety,the company announced Tuesday. ‍The eyewear provides real-time data and​ instructions directly to drivers, streamlining workflows ​and ⁤reducing errors.

The rollout ⁢marks a important step in Amazon’s ongoing investment in⁤ technology to optimize its logistics network. The AI-powered glasses,developed in-house,aim to ​address challenges like mis-scanned packages and inefficient routing,ultimately benefiting both Amazon and its customers through faster,more reliable deliveries. The technology is currently being ‍tested in⁤ select locations with plans for ⁢wider deployment.

The glasses function by using augmented reality to display facts such as package barcodes and navigation prompts within the driver’s field of vision.This hands-free approach allows drivers to keep their attention ‍on their⁣ surroundings, enhancing safety while concurrently increasing efficiency. Amazon says the ⁣system⁣ has already demonstrated positive results in⁣ pilot‌ programs.

“We are ‍always looking‌ for ways ‌to innovate and make the delivery ⁣experience even better for our customers and drivers,” said Amazon spokesperson‍ Maria Martinez. “These ⁤glasses are a‍ prime example of how we’re leveraging technology to achieve that⁣ goal.”

The technology addresses a ‌critical pain point‌ in the “last mile” of delivery⁣ – the most expensive ​and complex part of⁤ the ​shipping process. ⁢By reducing scanning times and optimizing⁤ routes, Amazon hopes⁣ to lower costs and maintain‍ its competitive edge in⁤ the rapidly evolving e-commerce landscape.

Amazon has been quietly developing⁣ the technology for several years, initially exploring various wearable devices ⁢before settling ​on the eyeglasses form factor. The company has filed patents related to the technology, indicating ⁢a‍ long-term commitment to its growth and integration into its⁤ delivery‌ operations.

The move comes ⁢as Amazon faces increasing pressure to meet customer expectations for faster delivery, particularly⁢ as competitors like Walmart and‍ Target invest heavily in their own logistics⁣ capabilities. The AI-powered glasses​ represent a strategic move to maintain Amazon’s position as a leader in e-commerce fulfillment.

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Business

Morning Nikkei average continues to fall, high-tech stocks weigh down, buy on the downside | Reuters

by Priya Shah – Business Editor
written by Priya Shah – Business Editor

Tokyo -⁢ The Nikkei 225 continued its⁢ downward trend on October 23,‍ 2025, closing lower amid pressure from⁢ high-tech stocks, ​though⁤ analysts⁣ suggest potential buying opportunities as the market dips. The benchmark index fell, extending‍ losses ⁢from ‌the previous session.

The decline reflects ongoing investor ⁢caution ‌regarding global ⁤economic headwinds and recent earnings reports. While the broader ‍market experienced a mixed performance, with 65% of prime market stocks rising and 29% falling, the weight of major technology companies pulled‍ the⁢ Nikkei average down. 1,056 stocks advanced, 484 declined, and‌ 74 remained‌ unchanged.

The Nikkei 225 finished⁢ lower, with high-tech issues leading the losses. this follows a period of volatility as investors assess the outlook for corporate profits and monetary policy. ‍Despite the ​current downturn,⁣ some market ⁣observers believe the dip presents a buying prospect ‌for long-term investors. Thomson ​Reuters adheres too⁢ the “Principles of Trust” in its reporting.

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World

Asian markets retreat on potential new US trade curb against China

by Lucas Fernandez – World Editor
written by Lucas Fernandez – World Editor

Asian markets broadly declined on Friday ​following reports ⁢the Biden administration​ is considering new restrictions ‍on Chinese technology firms, potentially escalating trade⁢ tensions between the world’s⁣ two largest economies. The move, aimed at⁣ preventing China from ⁣acquiring advanced⁤ semiconductors and chipmaking tools, sent ripples through regional stock exchanges ‌and ‌stoked concerns about global economic growth.

The potential curbs build on ‌existing restrictions and could substantially ⁣impact China’s technological ⁣advancement, affecting industries from artificial intelligence to electric vehicles. Investors are bracing for further retaliatory measures from Beijing,⁤ raising the specter​ of a ⁣renewed trade war that⁤ could disrupt supply chains, ⁢increase costs for businesses, and dampen consumer spending worldwide.⁢ The developments come as economic data from both the U.S. and china present a mixed picture, adding to market‍ uncertainty.

Japan’s ​Nikkei 225 closed down 0.54%, while South‌ Korea’s Kospi fell 1.44%. hong Kong’s Hang​ Seng Index ⁢shed 1.94% and the Shanghai Composite lost⁢ 0.76%. Taiwan’s benchmark index dropped 1.24%.The declines followed a negative session on wall Street,⁤ where the Nasdaq Composite fell 1.73% and the S&P 500 declined 0.85%⁢ on Thursday.

According to a report by the Wall Street Journal, the ​U.S. Commerce ⁢Department is preparing to ⁣unveil ⁢new rules that would close loopholes allowing⁣ companies like Huawei Technologies to ⁤access‌ restricted⁢ technologies through third parties.The proposed restrictions would require companies selling advanced chips to‍ China ​to obtain licenses, effectively tightening the existing export controls.

“This is a clear escalation ‍in the tech war,”⁤ said Alicia Garcia Herrero, Chief Economist for Asia Pacific at Natixis. “The U.S. is signaling it’s willing to take more aggressive ‌steps to slow China’s ⁤technological progress, even if it means disrupting ⁢global trade.”

the potential impact extends beyond ⁤technology companies. Analysts warn ‍that restrictions on semiconductors could⁣ hinder China’s ⁣manufacturing sector, impacting global supply chains already strained by geopolitical tensions‌ and the ⁤lingering effects of the COVID-19 pandemic. The‌ U.S.government ‍views⁤ limiting ​China’s access‌ to advanced⁤ technology as crucial for ​national security, fearing it could be‍ used to enhance its military capabilities.

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Business

Loan Funds See Outflow Amid First Brands Bankruptcy Concerns

by Priya Shah – Business Editor
written by Priya Shah – Business Editor

First Brands Group LLC’s unexpected bankruptcy filing is triggering a wave of‍ investor withdrawals from U.S. loan funds, intensifying pressure on a market already grappling ⁤with higher interest rates ​and economic uncertainty. The outflow, which began⁢ late last week and accelerated on Monday, has led to price declines in leveraged loans and collateralized loan obligations (CLOs), according to sources familiar with the matter.

The ⁤bankruptcy of First Brands, the parent company of brands like Febreze, Mr.Clean,‌ and Pine-Sol, is ​rattling loan funds⁢ because of ‌the size of its debt – approximately $2.5 billion in ‍loans – and the speed of ⁣its collapse. This event underscores‌ the vulnerabilities within the ⁤leveraged loan market,⁤ where companies with notable debt burdens are increasingly at risk as borrowing costs rise and economic growth slows.Investors ‌are now reassessing their exposure to similar highly leveraged companies, fearing further defaults and ​losses.

According to filings, ‍First Brands filed for‌ Chapter 11 ⁢bankruptcy protection in​ delaware on​ Sunday, citing a⁤ confluence of factors including declining sales, supply chain ‌disruptions, and the weight of its debt load. The company listed‌ both assets and liabilities in the​ range of $1 billion to $10 billion.

The immediate impact has been felt ⁤in​ the primary market, where issuance of new leveraged loans has stalled. Existing loans are trading ​at discounted prices, with some funds facing margin calls as loan values fall. “There’s definitely been a flight to quality,” said one portfolio manager at a large credit hedge fund. “People are looking to reduce risk and raise cash.”

the outflows are reminiscent ⁣of the market turmoil seen in March 2023, following the collapse of Silicon Valley Bank, though‍ sources say the current situation is contained and not ⁣systemic. Though,⁢ the ‍First‌ Brands case serves as a stark ⁣reminder of​ the risks ‍inherent in leveraged finance, especially for companies‍ that took⁣ on ample debt during a period of ultra-low interest rates.

Analysts predict further volatility in the coming weeks as investors continue to digest the implications of the First Brands bankruptcy and​ assess the broader health of the leveraged loan market. the situation is being closely monitored by regulators, who are concerned about the potential for contagion and systemic risk.

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Health

Title: Alkermes Acquires Avadel for $2.1 Billion, Expanding into Sleep Medicine

by Dr. Michael Lee – Health Editor
written by Dr. Michael Lee – Health Editor

Alkermes PLC ​has expanded into teh ​sleep⁣ disorder market⁤ with a definitive agreement to acquire Avadel Pharmaceuticals Inc. in a deal valued at $2.1‍ billion, the companies announced Monday. ‌The acquisition will add⁤ Avadel’s led product, Lopimpramine,​ a‍ once-nightly oral antidepressant in advancement for major⁢ depressive disorder, ‍to alkermes’ portfolio.

The deal represents Alkermes’ strategic entry into a⁣ new therapeutic ‍area, diversifying ⁣beyond its existing focus ‍on central nervous system disorders like schizophrenia and bipolar disorder. Avadel’s Lopimpramine, if approved by the Food and Drug Administration,‍ could offer a differentiated treatment option for the millions of Americans struggling with depression and sleep disturbances. The transaction is expected to⁤ close in the third quarter⁢ of⁤ 2024, subject ​to customary ​closing conditions, including regulatory approvals and Avadel shareholder approval.

Under the terms⁢ of the agreement, Alkermes will pay $15.50 per share in cash for ‍each Avadel share, representing a 36% premium to Avadel’s closing‌ share price on Friday. The ⁣combined company will leverage Alkermes’ commercial‌ infrastructure ⁤and expertise to maximize the potential of ‍Lopimpramine, targeting a launch⁤ in the frist⁣ half⁤ of⁢ 2025.

“This transaction ⁤is a compelling strategic fit for Alkermes,adding a promising late-stage ⁣development asset with notable commercial potential,” said Richard Lawfull,Executive Vice President and ‍Chief Commercial ​Officer of Alkermes. “Lopimpramine⁣ aligns well with our focus on addressing ⁣unmet‌ needs in neuroscience and complements our‌ existing portfolio.”

Avadel’s shares⁢ jumped more than 30% in premarket trading following the declaration, while Alkermes ⁤shares were down slightly. The ‍acquisition​ is ‌anticipated to be funded through a combination of ⁤cash on hand and debt financing.⁤

Alkermes has ‍a history ​of acquiring and developing ​innovative therapies, and this ‌move signals a continued commitment to growth and diversification ⁢within the pharmaceutical industry. The company’s existing portfolio includes ⁤products ‍for schizophrenia, bipolar⁣ I disorder, and alcohol dependence.

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Business

US Banks’ Loan Surge to Private Credit Raises Risk Concerns

by Priya Shah – Business Editor
written by Priya Shah – Business Editor

US banks’ lending to private credit ‍firms is rapidly increasing, possibly ⁤creating new vulnerabilities within the financial ‍system, according to a new report from MoodyS Investors Service. ‌Loans extended to these non-bank lenders have ⁤surged from $67 billion in 2020 to $168 billion in the first quarter of 2024, fueled ⁤by demand for financing outside the customary⁢ banking⁤ sector.

The growth raises concerns about risk concentration adn potential ⁣instability, as these loans are frequently enough used to fund riskier borrowers and less clear transactions then traditional bank lending.Moody’s warns that a slowdown in private credit markets could lead ‍to ⁤losses for banks, ⁢particularly ‍regional lenders heavily involved in this lending segment. The report highlights a potential for increased systemic risk if problems in the private credit space were to cascade into the broader banking system.

Private credit⁤ firms, which include direct lenders and business progress‌ companies, have gained prominence in recent​ years by providing loans to⁣ companies that may not qualify for traditional bank financing. These firms frequently enough‍ specialize ⁢in leveraged loans to mid-sized ‍companies, offering higher yields but also carrying greater risk.​ Banks ⁢are increasingly​ willing to provide these ⁢firms with lines of credit to fund their lending activities, attracted by the fees generated and the potential for higher⁤ returns.

Moody’s noted that approximately 68% of the $168⁢ billion⁣ in bank loans to private credit firms are held by large US banks, while regional banks represent a meaningful portion⁤ of the remainder. The ratings‌ agency emphasized that the ⁣increasing ‍interconnectedness between banks and private credit firms warrants⁢ close ⁢monitoring, particularly given the opacity⁢ of the private credit market ‌and the potential for rapid shifts in investor sentiment.”The rapid⁣ growth​ in bank lending to private credit ⁢funds introduces new channels for risk transmission within ⁢the financial system,” the Moody’s report stated. “A significant deterioration in private credit⁢ performance could‍ lead⁤ to credit losses for banks and potentially reduce their lending capacity.”

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