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US specialty vehicle maker Shyft to merge with Switzerland-based Aebi Schmidt

(Reuters) -Shyft Group and Switzerland-based Aebi Schmidt will merge in an all-stock deal, the companies said on Monday, sending the U.S. specialty vehicle maker’s shares up 13%. Michigan-based Shyft, which has a market value of about $439 million according to data compiled by LSEG, manufactures and assembles specialty vehicles such as work trucks and recreational …

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Lockheed forms subsidiary to help defense companies adopt AI

(Reuters) – Lockheed Martin said on Monday it had formed a subsidiary that will help U.S. defense companies incorporate artificial intelligence into their operations. Companies across sectors have leaned more on AI over the past few years to help optimize their workflow. However, defense companies have remained cautious given the sensitive data required to train …

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Mayotte cyclone kills several hundred, maybe thousands, in worst storm in century

By Michel Rose and Abdou Moustoifa PARIS/MORONI (Reuters) -Several hundred people and possibly even thousands may have been killed when the most powerful cyclone in nearly a century hit the French Indian Ocean archipelago of Mayotte, a senior local French official said on Sunday. “I think there will certainly be several hundreds, maybe we will …

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Ukraine says it has laser weapon able to down targets flying at over 2km

(Reuters) – Ukraine possesses a laser weapon capable of shooting down airborne targets at an altitude of more than 2 kilometres (1.2 miles), the country’s drone forces commander said on Monday. The military official, Vadym Sukharevskyi, did not provide any more details in his first official remarks about the existence of the weapon. Reuters was …

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Novo’s Ozempic faces scrutiny over potential link to rare eye disease

COPENHAGEN (Reuters) – Danish health authorities said on Monday they would ask the European Union’s drug regulator to review the findings of two Danish studies linking Novo Nordisk’s popular diabetes drug Ozempic to a rare sight-threatening eye condition. The two studies conducted by University of Southern Denmark (SDU) found that Ozempic more than doubles the …

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