Amgen settles patent lawsuit over biosimilar of J&J’s big-selling Stelara
By Blake Brittain (Reuters) -Johnson & Johnson has settled its lawsuit over Amgen Inc’s proposed biosimilar version of J&J’s top-selling…
May 23, 2023
US calls for immediate release of Gershkovich after Russia seeks to extend detention
WASHINGTON (Reuters) – The United States called for the immediate release of detained Wall Street Journal reporter Evan Gershkovich on…
Former Fed chief Bernanke says labor costs becoming more prominent in inflation
By Howard Schneider WASHINGTON (Reuters) -A tight U.S. job market and rising wages are beginning to have more of an…
Boeing CEO predicts supply chain pressure through 2024
By Andrew Mills and Tim Hepher (Reuters) – Boeing Chief Executive Dave Calhoun on Tuesday said it could take until…
Alibaba’s cloud unit to cut 7% of staff in overhaul – source
(Reuters) – Alibaba Group Holding Ltd’s cloud unit has started a round of downsizing that will impact 7% of the…
Fed’s jobs-weighted framework caused more problems than it fixed -research
By Howard Schneider WASHINGTON (Reuters) – The U.S. Federal Reserve’s 2020 move to put more weight on jobs in setting…
IMF staff, Kenya reach agreement on over $1 billion of new financing
By George Obulutsa NAIROBI (Reuters) – International Monetary Fund staff and Kenya have reached an agreement that could unlock more…
US, EU lawmakers push to depose UAE’s Jaber from climate talks
By Gloria Dickie and Kate Abnett LONDON (Reuters) -Over 100 members of the U.S. Congress and European Parliament called on…
Lowe’s cuts annual forecasts as home improvement demand falters
By Deborah Mary Sophia (Reuters) -Lowe’s Cos Inc cut its annual sales and profit forecasts on Tuesday, joining larger rival…
Explainer-Debt Ceiling Standoff: What Happens If Washington Falls Behind On Its Bills?
By Jason Lange WASHINGTON (Reuters) -The U.S. government could fall behind on its bills next month – and even default…