(This June 27 story has been corrected to say that Versanis drug was licensed from Novartis in paragraph 19) By Deena Beasley SAN DIEGO (Reuters) – New data on weight loss drugs that could compete with Novo Nordisk’s Wegovy are raising expectations there will soon be more options, and possibly lower prices, in an estimated…
HAVANA (Reuters) – The defense ministers of Cuba and Russia discussed the development of joint “technical military” projects this week at a meeting in Moscow, according to media reports and Russia’s defense ministry, just days after mercenaries marched towards the Russian capital. The longtime political allies – both subject to U.S. sanctions – have sharply…
(Reuters) -Bankrupt FTX is moving ahead with efforts to revive its flagship international cryptocurrency exchange, the Wall Street Journal reported on Wednesday citing CEO John Ray. The company “has begun the process of soliciting interested parties to the reboot of the FTX.com exchange,” Ray said, according to the Journal’s report. The failed crypto company has…
By Lucia Mutikani WASHINGTON (Reuters) – The U.S. trade deficit in goods narrowed in May as imports fell, but the improvement was probably insufficient to prevent trade from being a drag on economic growth in the second quarter. The hit from trade on gross domestic product was, however, likely to be offset by a rise…
ZURICH (Reuters) – Switzerland expects its budget deficit to widen to 6.7 billion Swiss francs ($7.46 billion) next year due to extraordinary spending on Ukrainian refugees and the electricity sector, the government said on Wednesday. An anticipated 2.1% rise in receipts in 2024 is unlikely to keep pace with spending growth, the government said. The…
By David Gauthier-Villars and Aram Roston (Reuters) – U.S. technology company Extreme Networks Inc said last year it had suspended all business activities in Russia to show solidarity with the people of Ukraine “living under attack.” But Reuters has found that, as the publicly-traded U.S. firm was unwinding its Russia operations, its most senior manager…
(Reuters) – Authorities in Kazakhstan have detained a Russian cybersecurity expert wanted by the United States, his employer said on Wednesday, as authorities in Moscow said they would also seek his extradition. Nikita Kislitsin, an employee of Russian cybersecurity firm F.A.C.C.T., was detained on June 22 and Kazakh authorities are considering Washington’s extradition request, the…
SINTRA, Portugal (Reuters) – Bank of England Governor Andrew Bailey said last week’s rise in interest rates reflected a resilient economy and unexpectedly persistent inflation, sticking closely to his message after the BoE raised rates to 5% from 4.5%. “The cumulative data – both particularly on the labour market and on the inflation release we…
(Reuters) – Xponential Fitness on Wednesday denied allegations made by Fuzzy Panda Research that the fitness chain was hiding losses at its brands and stores, saying the short-seller’s report was “misleading” and contained “inaccurate information”. In a report made public on Tuesday, Fuzzy Panda said Xponential had misled investors and that more than 50% of…
(Reuters) – Wall Street opened lower on Wednesday, pressured by a report the U.S. could curb sales of artificial intelligence (AI) chips to China, while investors awaited Federal Reserve Chair Jerome Powell’s speech for clues on the interest rate outlook. The Dow Jones Industrial Average fell 45.36 points, or 0.13%, at the open to 33,881.38….
