By Jonathan Stempel NEW YORK (Reuters) -The former Hollywood movie producer Harvey Weinstein, now in prison after being convicted of sex crimes, on Tuesday sued the U.S. business of Fiat Chrysler Automobiles over a 2019 crash in which he flipped a Jeep Wrangler while trying to avoid a deer. Weinstein is seeking $5 million in…
By Scott DiSavino NEW YORK (Reuters) – Oil prices gained about 1% on Tuesday, with U.S. crude settling at a 13-week high on supply concerns, including no nuclear deal with Iran, and prospects for demand growth in China, which is relaxing lockdowns to control the pandemic. Looking ahead, analysts polled by Reuters forecast U.S. crude…
(Reuters) -The U.S. Federal Trade Commission has opened a probe into how big pharmacy benefit managers like CVS Caremark affect pricing and patients’ access to prescription drugs at a time when costs of some medicines, even older ones like insulin, have skyrocketed, the agency said on Tuesday. As part of the probe, the FTC is…
(Reuters) -The U.S. Federal Trade Commission has opened a probe into how big pharmacy benefit managers like CVS Caremark affect pricing and patients’ access to prescription drugs at a time when costs of some medicines, even older ones like insulin, have skyrocketed, the agency said on Tuesday. As part of the probe, the FTC is…
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Some options players are betting that this year’s selloff in the shares of retailers may be overdone, at least for the near term. Retailers’ stocks took a fresh beating on Tuesday, after Target cut its quarterly profit margin forecast. More broadly, the S&P 500 Retailing index is…
By Aishwarya Venugopal and Uday Sampath Kumar (Reuters) – Target Corp on Tuesday cut its quarterly profit margin forecast issued just weeks earlier, and said it would have to offer deeper discounts to clear inventory as decades-high inflation takes a toll on demand. The surprise outlook revision sent shares of Target down nearly 7% in…
BRUSSELS (AP) — The European Union’s chief executive vowed Tuesday that Poland would get no money from the bloc’s vast pandemic relief fund until the right-wing government rolls back measures deemed to limit the independence of the country’s judiciary. Poland is line to receive nearly 36 billion euros ($38.5 billion) to help its economy recover…
PARIS (AP) — Health workers protested Tuesday around France to demand more hiring and better salaries in public hospitals, after years of cost cuts that left medics submerged when the COVID-19 pandemic hit and are now forcing emergency rooms to cut services. Nine unions and collectives organized a day of protest, including a demonstration outside…
By Devik Jain and Mehnaz Yasmin (Reuters) – U.S. stock indexes slipped in choppy trading on Tuesday as investors digested Target Corp’s gloomy margin forecast that spooked the retail sector, while awaiting inflation data due later this week. Shares of Target slid 4.3% as the big-box retailer said it would have to offer deeper discounts…
By Christoph Steitz and Markus Wacket FRANKFURT/BERLIN (Reuters) – German state-owned bank KfW is considering taking a stake in TransnetBW, the high-voltage power transmission network that EnBW is looking to open up to a long-term investment partner, three people familiar with the matter said. The early deliberations highlight Berlin’s efforts to keep a certain degree…
