By Khushi Mandowara (Reuters) -The U.S. Food and Drug Administration (FDA) has approved Lexicon Pharmaceuticals Inc’s drug for a broad treatment of heart failure, including in adult patients with type 2 diabetes, the company said on Friday. Shares of the company rose 13% in extended trading. The oral drug, sotagliflozin, is the company’s first to…
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices ticked up on Friday as U.S. officials appeared close to striking a debt-ceiling deal, and as the market weighed conflicting messages on supply from Russia and Saudi Arabia ahead of the next OPEC+ policy meeting. Brent crude settled 69 cents, or 0.9%, higher at $76.95 a barrel. U.S….
By Chris Prentice and Huw Jones NEW YORK/LONDON (Reuters) -Wall Street’s main indexes rose and European shares logged their largest one-day gain in two months on Friday as talks on raising the U.S. debt ceiling progressed. Treasury yields climbed as investors rethought how long interest rates were likely to keep rising. Democratic and Republican negotiators…
By Rachael Levy, Marisa Taylor and Akriti Sharma (Reuters) -Elon Musk’s Neuralink received U.S. Food and Drug Administration (FDA) clearance for its first-in-human clinical trial, a critical milestone for the brain-implant startup as it faces U.S. probes over its handling of animal experiments. The FDA approval “represents an important first step that will one day…
By Ali Sawafta AL-MUGHAYYIR, West Bank (Reuters) -An Israeli settler shot dead a Palestinian man who the military said tried to carry out a stabbing attack in a settlement in the occupied West Bank on Friday. The incident came as several European countries condemned Israeli demolitions and settler violence in the West Bank, which flared…
By Blake Brittain (Reuters) – Biotech company Alnylam Pharmaceuticals Inc filed new lawsuits on Friday against Pfizer Inc and Moderna Inc in Delaware federal court, again claiming that the companies’ COVID-19 vaccines infringe its patents. The new lawsuits mark the third time Alnylam has sued Pfizer and Moderna in Delaware for allegedly violating its patent…
WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen on Friday extended the deadline for raising the federal debt limit, saying the government would default on its obligations if Congress does not increase the country’s $31.4 trillion debt ceiling by June 5. Yellen had previously said a default could happen potentially as early as June 1….
By Jonathan Stempel (Reuters) – A former public relations firm for Twitter sued the social media company on Friday, saying it has not paid its bills since Elon Musk’s $44 billion buyout. Joele Frank said Twitter owes $830,498, comprising six unpaid invoices, plus costs for a subpoena in Twitter’s lawsuit to force Musk to complete…
By Jacqueline Thomsen WASHINGTON (Reuters) -Two members of the far-right Oath Keepers were sentenced to prison on Friday for their roles in the deadly Jan. 6, 2021, assault on the U.S. Capitol by supporters of Donald Trump who tried to overturn his presidential election defeat. Kenneth Harrelson and Jessica Watkins were convicted in November by…
(Reuters) – Drawn-out negotiations between the White House and Republicans to raise the $31.4 trillion debt ceiling have unnerved markets and fanned worries about the economic impact of a possible default. Global rating agencies have warned of a downgrade of the country if a deal is not reached soon. Following are some of the actions…
