By Bhanvi Satija and Michael Erman (Reuters) -COVID-19 vaccine maker Novavax Inc on Tuesday forecast much higher 2023 revenue than Wall Street expected and announced plans to cut a quarter of its workforce, spurring hopes of a recovery for the cash-strapped biotech, and its shares jumped 40%. In February, the company raised doubts about its…
WASHINGTON (Reuters) – Republican U.S. House of Representatives Speaker Kevin McCarthy said on Tuesday he opposes the idea of extending the nation’s debt-ceiling through the end of the fiscal year on Sept. 30, ahead of an afternoon meeting with Democratic President Joe Biden. Asked by reporters whether he would support such a move to help…
WASHINGTON (Reuters) – Dozens of Democratic lawmakers on Monday called on the Biden administration to consider the climate and environmental justice impacts of the expansion of the liquefied natural gas (LNG) industry. The 44 lawmakers, including Senators Jeffrey Merkley, Edward Markey and Representatives Jared Huffman and Raul Grijalva, urged the Council on Environmental Quality, a…
RIO DE JANEIRO (Reuters) – The world’ largest economies grouped in the G20 will hold their annual heads of state or government summit next year in Rio de Janeiro, state Governor Claudio Castro said. Brazil will take over the rotating presidency of the G20 from India on Dec. 1. “It’s official,” Castro announced in a…
By Hyunjoo Jin and Ernest Scheyder (Reuters) -Tesla Inc on Monday broke ground on a Texas lithium refinery that CEO Elon Musk said should produce enough of the battery metal to build about 1 million electric vehicles (EVs) by 2025, making it the largest North American processor of the material. The facility will push Tesla…
By Tatiana Bautzer NEW YORK (Reuters) – Investment bankers working on mergers, acquisitions or equity offerings are expected to have their bonuses cut by the biggest proportion on Wall Street this year, compensation consultants Johnson Associates said in a report on Tuesday.As deals dry up, bonuses for investment bankers are forecast to shrink 10% to…
(Reuters) – Americans’ confidence in Federal Reserve Chair Jerome Powell’s economic stewardship has skidded to the lowest of any recent U.S. central bank head, according to a Gallup poll released Tuesday that also showed broad doubts about the country’s economic leadership overall. Just 36% of respondents to a Gallup poll taken last month said they…
(Reuters) – Americans’ confidence in Federal Reserve Chair Jerome Powell’s economic stewardship has skidded to the lowest of any recent U.S. central bank head, according to a Gallup poll released Tuesday that also showed broad doubts about the country’s economic leadership overall. Just 36% of respondents to a Gallup poll taken last month said they…
By Julia Harte NEW YORK (Reuters) – A fierce debate among New Yorkers over whether a former U.S. Marine was justified in choking an agitated homeless man to death on a subway car last week has renewed focus on a perennial question: Just how bad is crime in the nation’s biggest city? Following the killing,…
By Ananya Mariam Rajesh and Deborah Mary Sophia (Reuters) -Coty Inc on Tuesday raised its annual profit forecast for the second time, as the CoverGirl parent banks on price hikes, new launches and resilient demand for its high-end and affordable fragrances and cosmetics. The company also crushed estimates for quarterly earnings, as improving supplies of…
