Robert Cyran

Change Healthcare, the unit of $440 billion UnitedHealth is the biggest processor of healthcare insurance claims.

Ozempic and Mounjaro raise the idea of a different business model, where the customers can effectively become the advertising.

Gas producer EQT’s old management weathered an activist investor outcry, squeaked through an expensive deal, and spun off its pipeline division - only to be ejected by the executives they bought out. Now, new management is putting the pieces back together, on Monday striking a merger with that spinoff, Equitrans Midstream . It’s a sign of how a shifting energy market has upended assumptions behind

NEW YORK (Reuters Breakingviews) -Gas producer EQT's old management weathered an activist investor outcry, squeaked through an expensive deal, and

Crowd surfing. The U.S. subsidy machine is grinding into gear. The coming days are likely to see announcements of big handouts for chipmakers, designed to help them increase domestic production. And companies are already availing themselves of tax perks targeted at infrastructure and sustainable energy. These acts of largesse by President Joe Biden’s administration are working, but with side effects.The Chips Act of 2022 was designed to bolster U.S. semiconductors, and contained $39 billion of financial aid for domestic production, about 70% of which was subsidies for production of advanced chips. Producers can also receive tax credits equal to 25% of the qualifying cost of their facility. The law’s sibling, The Inflation Reduction Act, gives incentives for the production and purchase of clean energy, storage and efficiency.Recipients, though, are competing for scarce resources when turning their plans into reality. Construction costs for factories and industrial buildings have risen 40% over four years according to the U.S. Bureau of Labor Statistics. Samsung Electronics’ chip plant in the Texan town of Taylor was $8 billion above initial estimates last year according to Reuters' sources. Finding enough skilled workers is also a problem, and is one reason Taiwan Semiconductor Manufacturing's second chip plant in Arizona has been delayed.Even as the value of subsidies falls, measured in purchasing power, demand for them is red hot. The Commerce Department said in February that advanced chipmakers are requesting $70 billion of assistance, or twice as much as is available. The fact there are more guests than cake is a concern, especially in a semiconductor industry known for historical booms and busts. Japan, Europe and China are all pursuing their own domestic chip-making campaigns.The problems these subsidies attempt to target are real. American infrastructure is undeniably underinvested and overweathered. In chips, the U.S. produces about 10% of the world’s semiconductors and none of the most advanced sort, and the new investments put it on path to produce 20% of all advanced logic chips by 2030. But the reality of subsidized investment, with cost overruns and herd-like thinking, is messy. The risk is that some of the handouts fall short, and others work too well.

The electric grid in Texas has gained the reputation of being held together with duct tape after blackouts in the past decade. But on Monday from around noon to 3 p.m. CDT, when the moon briefly blocks the sunlight in a solar eclipse, the Lone Star State will do just fine. That's despite massive growth in solar power. Fast-growing access to battery technology is helping, and less-predictable natur

NEW YORK, April 24 (Reuters Breakingviews) - Some old technology is being put to good use. Silicon Valley, and its many successful startups, exist because of labor mobility.

Exxon Mobil boss Darren Woods made a bold statement on Friday. Fossil fuels, he argues, are not in decline. Among the reasons: the size of global energy demand, economic growth and population expansion. The $8.2 billion of quarterly earnings produced by the $465 billion oil major Woods runs, and rival Chevron's earnings of $5.5 billion, show that these firms are indeed embedded deeply in the world

Storms later this year might just blow down an important line of defense for U.S. homeowners. Warmer ocean surfaces and weaker trade-wind patterns are setting the stage for an especially fierce hurricane season. Two states already are propping up their insurance industries. A wave of insolvencies would be problematic, but not as much as unaffordable premiums and declining property values.

Taking on industrialist John D. Rockefeller and breaking up his Standard Oil helped shape U.S. anti-monopoly law more than a century ago. By comparison, the Federal Trade Commission's collusion case against the former CEO of Pioneer Natural Resources in relation to the company's merger with Exxon Mobil looks decidedly symbolic.