By Michael S. Derby (Reuters) – Americans are increasingly getting shot down when they seek out loans, new data from the New York Fed, released Monday, said. The bank reported that in June, across a number of fronts, credit was the hardest to get in years, with fewer people seeking out loans, at least for…
(Reuters) -The U.S. Food and Drug Administration (FDA) said on Monday it had approved Sanofi and partner AstraZeneca’s antibody therapy to prevent respiratory syncytial virus (RSV) in infants and toddlers. The therapy, branded Beyfortus, was approved for preventing lower respiratory tract disease in infants born during or entering their first RSV season, and in children…
By David Shepardson WASHINGTON (Reuters) – The White House on Monday urged Republicans who control the House of Representatives to drop a provision in aviation legislation that would let airlines advertise the price of tickets without including government fees and taxes and to include new consumer protections for passengers. The House is set to vote…
By Stephen Nellis, Karen Freifeld and Andrea Shalal (Reuters) – The U.S.-based Semiconductor Industry Association trade group on Monday called on the Biden administration to “refrain from further restrictions” on chip sales to China as chief executives from the biggest U.S. semiconductor firms planned to visit Washington this week to press their views on China…
(Reuters) – An AMC Entertainment Holdings Inc. shareholder sued the theater chain in Delaware court on Monday, saying AMC is late in holding its annual meeting where shareholders elect members of the company’s board. Individual shareholder Kevin Barnes said in the lawsuit that AMC is required by its corporate bylaws to hold a meeting each…
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…
