(Reuters) – Russia said on Sunday that Wagner mercenary units supported by airborne troops had captured two more city blocks in the eastern Ukrainian city of Bakhmut, target of a major offensive by Moscow. Wagner has spearheaded Russia’s attempt to take Bakhmut since last summer in what has been the longest and deadliest battle of…
By David Morgan WASHINGTON (Reuters) – U.S. House Republicans will try to agree on a plan to lift the federal $31.4 trillion debt ceiling and cut government spending when Congress returns this week, after being stymied for months by Democratic President Joe Biden’s demands they do so without conditions. House of Representatives Speaker Kevin McCarthy…
(Reuters) -Teck Resources Ltd has been approached by a unit of Vale SA, Anglo American Plc and Freeport-McMoRan Inc to explore deals if a planned split of the company happens, The Globe and Mail reported on Sunday, citing two sources familiar with the discussions. A vote on Teck’s plan to fully separate the copper and…
By Sybille de La Hamaide PARIS (Reuters) – French insect-based ingredients maker Ynsect will refocus its strategy on high-margin markets like pet food, shut a production plant and cut jobs after raising 160 million euros ($177 million) from investors, its chief executive said. The company, which is in talks for additional funding, will use the…
By Michael Erman (Reuters) -Merck & Co said on Sunday it will buy Prometheus Biosciences Inc for about $10.8 billion, picking up a promising experimental treatment for ulcerative colitis and Crohn’s disease and building up its presence in immunology. Merck will pay $200 per share for the California-based biotechnology company that specializes in treatments for…
SANTIAGO (Reuters) – Global copper producers are converging in Chile this week for their largest gathering since 2019, with talks expected to center on the industry’s growing M&A wave amid surging demand and tight supply for the metal anchoring the green energy transition. The buyout trend comes as Indigenous groups, host communities and others increasingly…
By Katharine Jackson WASHINGTON (Reuters) – The standoff over raising the U.S. federal government’s $31.4 trillion debt ceiling illustrates the stakes of U.S. Senator Dianne Feinstein’s lengthy absence from Washington, fellow Democratic Senator Amy Klobuchar said on Sunday. Feinstein, 89, faced calls from some fellow Democrats last week to resign her seat after being sidelined…
WARSAW (Reuters) -Unilateral action on trade by European Union member states is unacceptable, the bloc’s executive said on Sunday, after Poland and Hungary announced bans on grain and other food imports from Ukraine to protect their local agricultural sectors. After Russia’s invasion blocked some Black Sea ports, large quantities of Ukrainian grain, which is cheaper…
By Jack Queen (Reuters) – One of the most closely watched U.S. media trials in decades kicks off in a Delaware court on Monday as Fox Corp and Fox News face a $1.6 billion defamation lawsuit by Dominion Voting Systems over the network’s coverage of false claims that the ballot-counter company rigged the 2020 presidential…
By Julie Steenhuysen and Michael Erman (Reuters) – An experimental mRNA cancer vaccine developed by Moderna Inc and Merck & Co cut the risk of death or recurrence of the most deadly skin cancer by 44% compared with Merck’s immunotherapy Keytruda alone, U.S. researchers reported at a medical meeting on Sunday. The findings suggest that…
