By Shubham Batra and Amruta Khandekar (Reuters) -U.S. stock index futures were mostly flat on Wednesday ahead of a widely expected super-sized rate hike from the Federal Reserve, with investors looking for signs the central bank could temper its aggressive stance on future interest rate increases. The Fed is expected to deliver a fourth straight…
CVS Health booked a third-quarter loss of more than $3 billion after setting aside money for a potential opioid litigation settlement but still beat expectations and raised its 2022 forecast. The health care giant detailed on Wednesday a planned nationwide settlement of lawsuits over how it has handled prescriptions for powerful painkillers linked to an…
LONDON (AP) — U.K. Prime Minister Rishi Sunak on Wednesday said he will attend this month’s U.N. climate summit in Egypt, reversing a decision to skip it that had drawn criticism at home and abroad. Sunak’s office previously said he had to skip the gathering, known as COP27, which start on Sunday. It cited “pressing…
By Brendan Pierson (Reuters) – CVS Health Corp, Walgreens Boots Alliance Inc and Walmart Inc have tentatively agreed to pay about $13.8 billion to resolve thousands of U.S. state and local government lawsuits accusing the chains of mishandling opioid painkillers, according to two people familiar with the negotiations. The proposed settlement calls for CVS to…
WARSAW, Poland (AP) — Polish soldiers began laying razor wire Wednesday along Poland’s border with the Russian exclave of Kaliningrad after the government ordered the construction of a barrier to prevent what it fears could become another migration crisis. Defense Minister Mariusz Blaszczak said a recent decision by Russia’s aviation authority to launch flights from…
COPENHAGEN, Denmark (AP) — Despite finishing first in Denmark’s election, Prime Minister Mette Frederiksen decided to step down along with her Social Democratic government Wednesday in an attempt to build a broader coalition across the political divide. Frederiksen’s announcement came after a dramatic vote count in which the center-left bloc that has backed her since…
TOKYO (Reuters) – Mitsubishi Motors Corp, a junior partner in the Nissan Motor Co and Renault alliance, has not made a decision yet on whether to invest in the French automaker’s electric vehicle company, a top executive said on Wednesday. “It’s necessary to gain the full understanding of our shareholders and board members, and for…
(Reuters) – European shares opened higher on Wednesday on a boost from Danish drugmaker Novo Nordisk, while hopes grew that the U.S. Federal Reserve would signal a slowdown in its aggressive policy tightening cycle later in the day. The pan-European STOXX 600 index rose 0.3% by 0812 GMT, with Novo Nordisk jumping 4.5% as it…
By Isabel Kua SINGAPORE (Reuters) -Oil prices rose on Wednesday after industry data showed a surprise drop in U.S. crude stocks, suggesting demand is holding up despite steep interest rate hikes dampening global growth. Brent crude rose 54 cents, or 0.6%, to $95.19 a barrel by 0723 GMT, while U.S. West Texas Intermediate (WTI) crude…
BEIJING (AP) — Access to an industrial zone in the central Chinese city of Zhengzhou was suspended Wednesday after the city reported 64 coronavirus cases and workers who assemble Apple Inc. iPhones left their factory in the zone following outbreaks. The announcement did not say whether the isolation of the Zhengzhou Airport Economic Zone was…
