(Reuters) – Biogen’s shares rose 2% on Monday as a unanimous backing of its Alzheimer’s drug by the U.S. health regulator’s advisers strengthened the case for a traditional approval with no major new safety warnings. The Food and Drug Administration’s advisory panel unanimously agreed that a late-stage trial of the drug Leqembi, developed with partner…
(Reuters) -Rio Tinto will invest $1.1 billion to expand its “low-carbon” aluminum smelter at Complexe Jonquière in Quebec, Canada, the Anglo-Australian mining giant said on Monday. The investment will boost annual capacity by about 160,000 metric tonnes of primary aluminum, the global miner said, adding it was sufficient to power 400,000 electric cars. Pressure to…
By Noele Illien and John Revill ZURICH (Reuters) -UBS Chief Executive Sergio Ermotti said on Monday that around 10% of Credit Suisse employees had left before the bank sealed its takeover of its former rival. Reuters and other media reported last month that hundreds of Credit Suisse employees were resigning each week, amid heightened uncertainty…
BRASILIA/SAO PAULO (Reuters) – Brazilian economists have reduced their long-term inflation expectations, putting an end to months of unchanged projections that the central bank had cited as a cause for concern. According to the median forecast of a weekly central bank survey on Monday, 2025 inflation projections now stand at 3.9%, down from the previous…
By Max Hunder KHERSON, Ukraine (Reuters) – For Kherson resident Iryna Radetska, the catastrophic flooding of her city after the giant Kakhovka dam was destroyed is the latest chapter in more than a year of wartime suffering. “They say a new love kills the old one. Maybe it’s the same with tragedy,” said 52-year-old Radetska,…
By Walter Bianchi BUENOS AIRES (Reuters) – Argentina’s main two political forces both secured victories in regional elections, results showed early on Monday, but candidates for a new libertarian party that has rattled the political landscape lagged behind. Sunday’s vote in three northern provinces took place months before national primaries in August and a general…
(Reuters) – Binance said in a tweet on Monday it would swap 750 million tether-tron token pairs for tether-ether in an attempt to maintain the stablecoin’s liquidity. The move comes amid renewed regulatory scrutiny at the world’s largest cryptocurrency exchange and will help cushion some of the fallout from recent blows, including Binance being sued…
By Steve Scherer OTTAWA (Reuters) – Despite the fastest monetary tightening cycle in the country’s history, Canada’s economy is still running hot, which forced the central bank to crank its key interest rate even higher to a 22-year high of 4.75% last week. Analysts are betting on another rate hike in July, to help the…
By James Davey LONDON (Reuters) – The value of global advertising revenue from retailer-owned e-commerce sites is growing so fast that the medium, known as retail media, is forecast to exceed television revenue by 2028. GroupM, the world’s biggest media buyer, said it expects advertising revenue from retail media channels will grow 9.9% to reach…
(Reuters) – Catalent Inc on Monday posted a bigger-than-expected loss for the third quarter and cut its annual forecast for a second time, hurt by persistent production challenges at the contract drug manufacturer’s major facilities. The company will also amend its annual filing for 2022 to reflect a $26 million deduction caused by a revenue…
