By Yadarisa Shabong (Reuters) -AstraZeneca said on Friday its Alexion unit had agreed to buy U.S. drugmaker Pfizer’s early-stage rare disease gene therapy portfolio for up to $1 billion, plus royalties on sales, as the British drugmaker bets on new genetic therapies. The British company also said Sharon Barr, head of research and development at…
By Mariam Sunny and Leroy Leo (Reuters) -Centene Corp said on Friday it was working to enroll people back into government-backed Medicaid plans after the end of pandemic-relief measures left hundreds of thousands of members without coverage. Medicaid memberships, the largest contributor to Centene’s revenue, were hit by the removal of pandemic-related relief measures on…
By Michael Erman NEW YORK (Reuters) – Injectable versions of some widely-used cancer drugs including Johnson & Johnson’s blockbuster multiple myeloma treatment Darzalex are likely to be excluded from new U.S. government price negotiations for years, drugmakers told Reuters, protecting billions in revenue. Whether the government agrees that adding an ingredient enabling infused drugs to…
By Safiyah Riddle (Reuters) – Diminishing inflation pushed consumer sentiment to the highest in nearly two years, a closely watched survey showed on Friday. The University of Michigan’s final index of consumer sentiment came in at 71.6 in July, down slightly from a preliminary reading but up from 64.4 last month and the highest since…
By Luana Maria Benedito and Marcela Ayres SAO PAULO (Reuters) – Brazil’s central bank is poised for its first interest rate cut in three years on Wednesday, with most economists anticipating a small reduction despite government calls for more aggressive action as inflation cools and economic activity loses steam. After pushing the benchmark rate 1,175…
HANOI (Reuters) -Vietnamese electric vehicle maker VinFast said on Friday it is planning to list in the United States next month via a blank-cheque company after the Securities and Exchange Commission (SEC) gave the go ahead to its proposed business combination. VinFast, a unit of Vietnam’s biggest conglomerate Vingroup, announced in May it would go…
(Corrects first paragraph to show Spanish resilience, not German) PARIS/MADRID (Reuters) – The French and Spanish economies displayed unexpected resilience in the second quarter but stagnation in powerhouse Germany pointed to renewed weakness ahead for the euro zone, as manufacturing ails and services slow. France and Spain grew at a sustained pace on the back…
By Ananya Mariam Rajesh and Kailyn Rhone (Reuters) -Procter & Gamble on Friday beat analysts’ estimates for quarterly sales and profit buoyed by the consumer goods giant’s multiple price hikes even as it joined other multinational companies in flagging weak demand in China. A slower-than-expected rebound in China following the lifting of pandemic curbs has…
TOKYO (Reuters) – A Japanese government panel recommended on Friday that the national average minimum wage be raised by 41 yen ($0.29) an hour to 1,002 yen, the biggest hike ever in value terms, as Prime Minister Fumio Kishida makes wages a key focus of his policies. The health ministry panel’s annual recommendation serves as…
(Reuters) -Shares of Enphase Energy slumped nearly 11% on Friday, after the solar inverter maker’s third-quarter revenue target fell well short of analyst estimates due to weak demand. Appetite for solar equipment has been tepid in the United States due to lukewarm demand in states such as Texas and Arizona where cheaper electricity prices make…
