By Deena Beasley (Reuters) -In a mid-stage trial, the highest dose of Eli Lilly’s experimental pill orforglipron led to 14.7% weight loss after 36 weeks for people who were obese or overweight, setting a marker in the race to develop effective oral obesity drugs, researchers said on Friday. Results from a different trial, also presented…
By Sarah N. Lynch WASHINGTON (Reuters) -U.S. Attorney General Merrick Garland on Friday denied allegations by an Internal Revenue Service whistleblower, who said the high-ranking federal prosecutor tasked with investigating President Joe Biden’s son Hunter was hindered by the Justice Department from pursuing more aggressive criminal tax charges. Speaking publicly for the first time since…
By Andrew Osborn and Kevin Liffey LONDON (Reuters) – Russia accused mercenary chief Yevgeny Prigozhin of armed mutiny on Friday after he alleged, without providing evidence, that the military leadership had killed a huge number of his fighters in an air strike and vowed to punish them. The standoff, many of whose details remained unclear,…
(Reuters) -The number of victims of the MOVEit hack grew by several million on Thursday after the biggest U.S. pension fund, Calpers, and insurer Genworth Financial said personal information of their members and customers had been compromised. Both said a third-party vendor, PBI Research Services, was affected in a data theft hack, providing a path…
By David Shepardson WASHINGTON (Reuters) -U.S. Federal Trade Commission Chair Lina Khan is set to testify on July 13 before the House Judiciary Committee led by Republicans who have sharply criticized her leadership of the antitrust enforcement agency, the committee and commission confirmed on Friday. This will be her first appearance before the committee since…
By Nupur Anand NEW YORK (Reuters) – JPMorgan Chase & Co is cutting nearly 40 investment bankers in the U.S., a source with knowledge of the matter said. The reductions come after months of sluggish markets that have depressed dealmaking across Wall Street and prompted banks to lay off thousands of employees. JPMorgan’s investment banking…
By Blake Brittain (Reuters) – A Manhattan federal judge on Friday granted Hermes’ request to permanently block artist Mason Rothschild’s sales of “MetaBirkin” non-fungible tokens following a jury’s verdict that they violated the French luxury house’s trademark rights in its famed Birkin handbags. U.S. District Judge Jed Rakoff said the permanent injunction was justified because…
By Gram Slattery WASHINGTON (Reuters) – Several Republican presidential candidates praised restrictions on abortion rights at a conference of Christian conservatives on Friday, illustrating how the issue still animates the party one year after the U.S. Supreme Court struck down nationwide constitutional protections for the procedure. Former Vice President Mike Pence, who has emerged as…
By Daniel Trotta (Reuters) – A U.S. judge on Friday blocked a new Florida law restricting drag performances, the third time this month that federal courts have enjoined laws backed by Florida Governor Ron DeSantis that concern gender or LGBTQ matters. In all three cases, the issues supported by DeSantis, a Republican presidential candidate, lost…
By Stephen Culp NEW YORK (Reuters) – U.S. stocks closed lower on Friday, capping a week dominated by Federal Reserve Chairman Jerome Powell’s testimony in which he signaled more interest rate hikes ahead but vowed the central bank would proceed with caution. All three major U.S. stock indexes lost ground in a broad sell-off. Interest-sensitive…
