(Reuters) -Drugmaker Merck & Co Inc on Thursday posted better-than-expected results for the first quarter on the strength of its blockbuster cancer immunotherapy Keytruda and human papillomavirus (HPV) vaccine Gardasil. Shares of the company rose 1.8% to $114.98 in premarket trading after the drugmaker raised its full-year forecasts for sales and earnings, citing strong global…
By Nia Williams (Reuters) – In early February, Chief Allan Adam of the Athabasca Chipewyan First Nation in northern Alberta started fielding calls from community members after the provincial regulator revealed toxic wastewater had been leaking for months from a tailings pond at Imperial Oil’s Kearl oil sands mine. Many in the community hunt and…
By David Alire Garcia MEXICO CITY (Reuters) – Chilean President Gabriel Boric’s pitch last week to enshrine greater state control over lithium is emerging as the latest test for the resource nationalism embraced by Latin America’s ascendant left but which has proven tough to implement in practice. While the former student protest leader’s proposal to…
By Nicolás Misculin BUENOS AIRES (Reuters) – Argentina’s three most recent presidents have bowed out of the October general election campaign, throwing the race wide open and the outcome in the balance, with the only sure candidate a far-right libertarian who wants to dismantle the central bank. Political uncertainty has roiled Argentina’s already creaky financial…
BRUSSELS (Reuters) – Euro zone economic sentiment was broadly unchanged overall in April, as a pick-up among consumers and retail and services sectors offset a more gloomy view among manufacturers, while price expectations continued to fall. The European Commission’s monthly survey showed on Thursday that economic sentiment in the 20 countries sharing the euro rose…
(Reuters) – Hershey Co beat market expectations for quarterly sales on Thursday, boosted by price hikes and steady demand for its Kisses chocolates and Reese’s Peanut Butter Cups. The company’s net revenue rose to $2.99 billion in the first quarter from $2.67 billion a year earlier, while analysts on average expected $2.91 billion, according to…
(Reuters) – Southwest Airlines Co said on Thursday it expects “solid profits” in the current quarter on strong summer bookings, and flagged 20 fewer deliveries of the MAX jets this year from Boeing Co. The largest U.S. domestic airline, which reported a second-quarter loss due to a one-time charge owed to mass cancellations in December,…
By Rowena Edwards LONDON (Reuters) – Oil prices were steady on Thursday after a price drop the previous day reversed the supportive impact of a surprise OPEC production cut announced this month. Brent crude was trading at $77.72 a barrel, up 3 cents, or 0.04%, by 1033 GMT, while U.S. West Texas Intermediate crude rose…
By Paul Sandle LONDON (Reuters) – For all the thunder about Xbox versus PlayStation, it was the nascent cloud market that led to Britain’s surprise decision to block Microsoft’s record Activision Blizzard takeover. Microsoft has been working for months to satisfy concerns about the $69 billion deal raised by Britain’s Competition and Markets Authority (CMA),…
LONDON (Reuters) – The boss of Britain’s antitrust regulator said blocking Microsoft’s acquisition of ‘Call of Duty’ maker Activision Blizzard was the right decision for the UK after both companies said it sent the wrong message to the global tech industry. The Competition and Markets Authority (CMA) blocked the deal on Wednesday, saying it could…
