Asian stocks slipped on Monday as investors weighed an uneven global recovery from the pandemic against the latest upbeat US outlook from Federal Reserve Chair Jerome Powell. The dollar ticked up.
Markets in China and Hong Kong lagged, despite a rally in Alibaba Group Holding after the weekend announcement of a record antitrust fine removed a regulatory overhang. US equity futures retreated following a third straight week of gains for the S&P 500 Index, with investors bracing for earnings reports. European contracts were slightly in the red. The yield on 10-year Treasuries held Friday’s advance on stronger-than-expected producer-price inflation data and ahead of a heavy week of supply.
Wall St ends lower as investors await earnings, inflation data reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
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Microsoft Corp. will pay $19.7 billion to acquire Nuance Communications Inc., a company that uses artificial intelligence to help physicians create medical notes faster.
The hefty price tag of the transaction, which Microsoft announced today, indicates the massive market presence Nuance maintains in the healthcare sector. The company’s AI software is deployed at more than three quarters of U.S. hospitals. Its user base includes over 55% of U.S. physicians and about 75% of radiologists.
The deal’s price tag also reflects the sizable revenue opportunities Microsoft expects to unlock through its investment. By the technology giant’s estimates, buying Nuance will more than double its total addressable market in the healthcare provider segment to nearly $500 billion.
Microsoft to buy AI firm Nuance Communications for $16 billion in healthcare push dunyanews.tv - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dunyanews.tv Daily Mail and Mail on Sunday newspapers.