By Julie Steenhuysen CHICAGO (Reuters) – An experimental Alzheimer’s disease drug developed by Acumen Pharmaceuticals targeting a novel form of the toxic protein beta amyloid in the brain passed an early safety test and will advance to a larger trial, the company said on Sunday. The drug, ACI193, was well tolerated in the first trial…
(Reuters) – New York Mayor Eric Adams on Monday appointed acting police chief Edward Caban as the city’s first Hispanic police commissioner in its 178-year history, overseeing the largest police department in the U.S. Adams, a former New York City police captain, introduced Caban, 55, during a news conference and said Caban has been instrumental…
BRASILIA (Reuters) – Economic activity in Brazil declined in May, showed a central bank index on Monday, signaling a non-linear trajectory for the country’s growth, even as analysts have been consistently revising their forecasts upward for the year. The IBC-BR economic activity index, a key gauge of gross domestic product (GDP), declined by a seasonally…
MADRID (Reuters) -Spaniards will interrupt their summer holidays to vote for a new parliament on July 23, after an election campaign in which no one party has established a decisive lead and featuring irate exchanges between the main candidates for prime minister. Polls show the conservative opposition People’s Party (PP) of Alberto Nunez Feijoo beating…
By Clare Jim HONG KONG (Reuters) -China Evergrande Group, the world’s most indebted property developer, posted a combined loss of $81 billion in 2021 and 2022 and a rise in total liabilities in its long overdue results on Monday. The developer defaulted in late 2021 and has been struggling to complete projects and repay its…
By Amruta Khandekar, Shreyashi Sanyal and Shristi Achar A (Reuters) -European shares fell on Monday as Richemont led a slide among luxury firms on weaker-than-expected organic sales growth and as lacklustre economic growth in China raised concerns about demand from the world’s second-biggest economy. The pan-European STOXX 600 index closed 0.6% lower, with luxury giants…
By Akash Sriram (Reuters) – Investments in space startups stayed flat in the second quarter, a positive sign for a sector that faced a funding slump over the past few quarters due to the grim economic outlook, a report by venture capital firm Space Capital showed. The April-June period saw $6 billion in investments in…
By Blake Brittain (Reuters) – Tesla sued Australian company Cap-XX in Texas federal court on Friday, claiming its supercapacitors used for storing energy in electric-vehicle batteries infringe two U.S. patents owned by a Tesla subsidiary. Tesla CEO Elon Musk pledged in 2014 not to “initiate patent lawsuits against anyone who, in good faith, wants to…
By Valerie Volcovici and David Stanway BEIJING (Reuters) -This week’s visit by U.S. climate envoy John Kerry to China after years of diplomatic disruptions could boost cooperation between the world’s two biggest greenhouse gas polluters on the key issue of methane emissions. Kerry arrived in Beijing on Sunday for talks aimed at reviving efforts by…
By Daphne Psaledakis and Anna Voitenko WASHINGTON/KYIV (Reuters) -U.S. aid chief Samantha Power on Monday announced more than $500 million in humanitarian assistance during a visit to Ukraine, where the United Nations says some 17 million people need help following Russia’s invasion. She made the aid announcement, first reported by Reuters, at the State Emergency…
