By Shreyashi Sanyal and Amruta Khandekar (Reuters) -European shares dipped on Monday as investors took profits after last week’s rebound, as news of weak U.S. business activity stirred up economic slowdown worries and eclipsed gains in telecom stocks. The pan-European STOXX 600 index ended 0.4% lower after a survey showed the U.S. services sector barely…
By Trevor Hunnicutt and Jarrett Renshaw WASHINGTON (Reuters) – U.S. President Joe Biden’s Democratic allies are planning a private Chicago fundraiser with billionaire Illinois governor J.B. Pritzker as soon as this month, two people briefed on the president’s plans say. A specific date for the tentative event had not been confirmed and a spokesman for…
ISLAMABAD (Reuters) – Coverage of Pakistan’s former Prime Minister Imran Khan has disappeared from all mainstream news channels in the country after the media regulator asked networks to block out people involved in rioting last month, a Reuters survey showed on Monday. A directive, seen by Reuters, was put out by the regulator last week…
By Michelle Nichols UNITED NATIONS (Reuters) – An international aid agency in Afghanistan has resumed operations in the southern province of Kandahar – the birthplace of the Taliban and home to its supreme spiritual leader – after its Afghan female staff were allowed to return to work. The move comes after Norwegian Refugee Council (NRC)…
By Joseph White (Reuters) – General Motors Co said on Monday it plans to invest more than $1 billion to re-tool two manufacturing sites in Flint, Michigan to prepare for a new generation of its internal combustion engine heavy-duty (HD) trucks. GM has outlined this year a total of $1.7 billion in investments in Flint…
By Patrick Wingrove (Reuters) – Johnson & Johnson’s legal settlement with Amgen Inc to delay a biosimilar version of its blockbuster psoriasis treatment Stelara until January 2025 could make the drug a larger contributor to J&J’s 2024 and 2025 sales than Wall Street is forecasting. Stelara, introduced in 2009, has been J&J’s top-selling drug since…
By Leroy Leo (Reuters) – UnitedHealth Group on Monday made a surprise $3.26 billion all-cash offer to acquire Amedisys Inc, pitting itself against another healthcare company set to buy the home health and hospice care firm. Interest in the home health sector has jumped since the pandemic as patients and caregivers increasingly prefer accessing medical…
By John Revill ZURICH (Reuters) -UBS expects to complete its takeover of Credit Suisse “as early as June 12”, which will create a giant Swiss bank with a balance sheet of $1.6 trillion following a government-backed rescue earlier this year. The deal’s completion is subject to the registration statement, which covers shares to be delivered,…
By Joseph Ax PRINCETON, New Jersey (Reuters) – Former New Jersey Governor Chris Christie, who advised Donald Trump’s White House campaign in 2016 only to become a vocal critic of the former president in recent months, will launch a bid for the 2024 Republican presidential nomination next week, a person familiar with the matter said….
By Simon Lewis and Doina Chiacu WASHINGTON (Reuters) -Secretary of State Antony Blinken pledged continued U.S. commitment to both Israel’s security and a two-state solution to the Israel-Palestinian conflict on Monday, but said the expansion of Jewish settlements would be an obstacle to peace. In a speech to the pro-Israel lobby group the American Israel…
