By Victor Borges and Marcela Ayres BRASILIA (Reuters) -Brazil’s National Monetary Council (CMN), the country’s top economic policy body, decided on Thursday to set its 2026 inflation target at 3% and tweak the time frame to assess the inflation goal’s fulfillment, confirming market expectations on both fronts. Currently, the CMN sets annual inflation targets that…
By Dietrich Knauth NEW YORK (Reuters) -Overstock.com intends to sunset its company name and rebrand as Bed Bath & Beyond after purchasing that company’s intellectual property assets in bankruptcy, Overstock CEO Jonathan Johnson said on Thursday. Overstock, which chose not to bid on any of Bed Bath & Beyond’s retail locations or inventory, will remain…
HOUSTON (Reuters) – Rapper Travis Scott will not face criminal charges in the deaths of 10 fans at a 2021 concert in Houston, according to local media reports on Thursday. A Texas grand jury meeting in Houston declined to prefer charges against Scott in the deaths of the 10 who were crushed in the crowd…
By Nathan Gomes (Reuters) -The U.S. Food and Drug Administration on Thursday approved BioMarin Pharmaceutical’s gene therapy for severe hemophilia A, the company said, giving patients with the inherited bleeding disorder an alternative to regular injections of missing blood proteins. It priced the one-time therapy, Roctavian, at $2.9 million. Pivotal trial results showed that Roctavian…
(Reuters) -Volkswagen is in talks with Tesla to adopt its North American Charging Standard (NACS) technology, while the German automaker’s charging network unit Electrify America has already agreed to use the system. The announcement comes as a slew of automakers and charging equipment makers choose Tesla’s charging design on concerns of losing out on customers…
By Kanishka Singh WASHINGTON (Reuters) – Former Ohio House of Representatives Speaker Larry Householder was sentenced on Thursday to 20 years in prison after being convicted earlier this year of participating in a $60 million bribery scheme, prosecutors said. A federal jury convicted Householder and former Ohio Republican Party chair Mathew Borges in March. Householder…
(Reuters) -A Florida jury on Thursday acquitted a former sheriff’s deputy accused of failing to protect students during the 2018 mass shooting at Parkland’s Marjory Stoneman Douglas High School. Scot Peterson, the school resource officer on duty when a gunman entered a building in Feb. 14, 2018 and opened fire, killing 17 and wounding another…
By Ismail Shakil OTTAWA (Reuters) -Google said on Thursday it plans to block Canadian news on its platform in Canada, joining Facebook in escalating a campaign against a new law requiring payments to local news publishers. Alphabet-owned Google will remove links to Canadian news from search results and other products in Canada when the law…
(Reuters) – U.S. banking regulators are asking lenders to work with credit-worthy borrowers that are facing stress in the commercial real estate market. Financial institutions should work “prudently and constructively” with good borrowers during times of financial stress, the agencies said in a statement. The statement from the Board of Governors of the Federal Reserve…
(Reuters) – U.S. banking regulators are asking lenders to work with credit-worthy borrowers that are facing stress in the commercial real estate market. Financial institutions should work “prudently and constructively” with good borrowers during times of financial stress, the agencies said in a statement. The statement from the Board of Governors of the Federal Reserve…
