Iran, Venezuela eye trade increase, sign petrochemical deal

By Deisy Buitrago and Vivian Sequera CARACAS (Reuters) -Iran and Venezuela want to increase bilateral trade to $20 billion, up from $3 billion, Iranian President Ebrahim Raisi said on Monday during a visit to Caracas. During the visit the two countries signed a memorandum of understanding to expand cooperation in petrochemicals with a view to…

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McCarthy, US House hardliners reach deal to allow votes

By David Morgan WASHINGTON (Reuters) -U.S. House Speaker Kevin McCarthy reached an agreement on Monday with an insurgent group of Republican conservative hardliners that will allow legislation to move forward this week, following a standoff that had paralyzed the chamber for days. But the lawmakers, including members of the ultra-conservative House Freedom Caucus, warned that…

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Novartis buys Chinook for $3.5 billion in race to treat rare kidney disease

By Ludwig Burger (Reuters) -Novartis said it has agreed to acquire U.S. biotech firm Chinook Therapeutics for up to $3.5 billion to boost its late-stage drug development line-up, raising the stakes in the race for a rare kidney disease treatment. Seattle-based Chinook’s shareholders will receive $3.2 billion, or $40 per share, in cash under the…

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New Zealand’s national broadcaster probes ‘inappropriate editing’ of Ukraine war stories

By Lucy Craymer WELLINGTON (Reuters) -New Zealand’s national radio broadcaster has launched an investigation and put a staff member on leave after it said a series of news stories on its website about Russia’s invasion of Ukraine had been edited to present “a false account of events”. Radio New Zealand (RNZ), which is government-funded but has…

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Oracle beats quarterly revenue estimates on cloud services demand

(Reuters) -Oracle on Monday topped fourth-quarter revenue estimates and forecast an upbeat first quarter, driven by growing demand for its cloud offerings from companies deploying AI, sending its shares up nearly 4%. Oracle’s push into the cloud computing market has started to bear fruit, helped by its acquisition of electronic medical records firm Cerner last…

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