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AstraZeneca said on Monday an experimental precision drug slowed progression of lung cancer in a late-stage trial, but its shares fell nearly 5% as analysts said the benefits may not be as pronounced...
LONDON, June 29 (Reuters) - Sterling was struggling on Thursday to recover from a sharp tumble the day before, its biggest daily drop in seven weeks, as markets turned nervous about the impact of rate hikes on the British eco...
LONDON (Reuters) - Ocado shares fell by as much as 11% on Wednesday, with traders attributing the drop to a media report that said Amazon had denied reports it would make a bid for the retail company.
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The rapid adoption of generative AI has boosted markets this year, but after the initial euphoria, investors are waking up to the possible risks, including the need to be highly selective in stock-picking.
Businesses ranging from IT services and consulting to media, information and education are now under portfolio managers' microscopes to assess the potential for AI disruption. McKinsey says generative AI could add $7.3 trillion in value to the world economy each year and believes half of today's work activities could be automated between 2030 and 2060.