(Reuters) – Gene-sequencing machine maker Illumina Inc has filed an appeal against an order from the U.S. Federal Trade Commission (FTC) that demands it divest cancer diagnostic test maker Grail Inc on competition concerns. Illumina spun off Grail in 2016, but retained a 12% stake. It reacquired the cancer test maker in 2021, despite opposition…
By Darya Korsunskaya and Alexander Marrow (Reuters) -Russia recorded a marginal budget surplus in May, enabling it to slightly reduce its deficit for the first five months of the year to 3.41 trillion roubles ($41.9 billion), the finance ministry said on Tuesday, as monthly spending slowed. In January-May 2022 Russia posted a surplus of 1.59…
By Manya Saini (Reuters) -Shares of U.S. banks regained some footing on Tuesday, with one of the top regional banking indexes hitting its highest in nearly seven weeks, as investors shrugged off reports of tighter capital requirements for banks. The tenuous relief rally comes at a difficult time for a banking sector that has been…
QUITO (Reuters) – Ecuadorean President Guillermo Lasso’s political movement Creating Opportunities will not field candidates for the country’s early presidential or legislative elections, it said on Tuesday. It also said it will not back other nominations or parties. Lasso, a conservative ex-banker, last week said he would not run as a candidate in presidential elections….
By Hilary Russ NEW YORK (Reuters) – Subway is seeking big new franchisees in the United States in a push to revamp its ownership model, but low restaurant profits and outdated stores are making it a tough sell for the global sandwich chain. Several multi-unit operators – the more sophisticated, financially sound franchisees that Subway…
KHARTOUM (Reuters) -Sudan’s warring military factions are restarting ceasefire talks sponsored by the United States and Saudi Arabia, Al Arabiya TV reported on Tuesday, as they clashed by air and on the ground in the capital Khartoum. The fighting between the army and paramilitary Rapid Support Forces, now in its eighth week, has caught civilians…
By Moira Warburton WASHINGTON (Reuters) -JPMorgan Chase & Co Chief Executive Officer Jamie Dimon said on Tuesday that he was not seeking public office as he met with a group of Democrats in the U.S. House of Representatives to discuss economic matters. Dimon told reporters he was not in Washington to discuss a possible political…
By Shreyashi Sanyal and Bansari Mayur Kamdar (Reuters) -European main share indices rose on Tuesday, supported by a jump in shares of healthcare giant Novo Nordisk, though gains were capped by worries of further interest rate hikes by major central banks in the face of slowing economic growth. The pan-European STOXX 600 index closed 0.4%…
By Nandita Bose WASHINGTON (Reuters) – President Joe Biden’s administration on Tuesday pledged an improved effort to combat drug overdoses that claimed the lives of about 100,000 Americans last year, using a White House summit to tout a multifaceted approach to tackle synthetic and illicit drugs such as the powerful opioid fentanyl. “Today’s summit is…
By Blake Brittain (Reuters) – Realtek Semiconductor Corp sued rival Taiwanese chipmaker MediaTek Inc in Northern California federal court on Tuesday, claiming MediaTek paid a company that sues over patents a “secret litigation bounty” to file meritless lawsuits in the United States to disrupt its business. The lawsuit accuses MediaTek of conspiring with IPValue Management…
