By Andrea Shalal and Yew Lun Tian BEIJING (Reuters) -U.S. Treasury Secretary Janet Yellen on Thursday began a four-day visit to China focused on easing tensions between the world’s two largest economies, despite low expectations on both sides. Shortly after arriving in the Chinese capital, Yellen said she was glad to be in Beijing and…
By Kanishka Singh WASHINGTON (Reuters) -Two freelance photographers have sued Wisconsin’s Kenosha County, alleging their civil rights were violated by law enforcement when they were shot with rubber bullets in a 2020 anti-racism protest after the police shooting of a Black man. Alyssa Schukar and Scott Olson had been assigned to cover those protests in…
By Deena Beasley The U.S. Food and Drug Administration on Thursday granted standard approval to Eisai and Biogen’s Leqembi for patients with Alzheimer’s disease. The FDA decision is expected to trigger broader coverage of the $26,500-a-year drug by the U.S. government’s Medicare health plan for people aged 65 and older. Leqembi was granted “accelerated” FDA…
WASHINGTON (Reuters) -President Joe Biden’s administration did not sanction or support secret meetings that former top U.S. national security officials held with Russian Foreign Minister Sergei Lavrov and other Russians on potential talks to end the Ukraine war, the White House and State Department said on Thursday. NBC News reported that the former U.S. officials…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian markets are set for a torrid end to the week on Friday as another spike up in U.S. bond yields and the prospect of interest rates being kept higher for longer triggered waves of…
(Corrects grammar in first paragraph) By Katie Paul NEW YORK (Reuters) -Meta Platforms on Wednesday launched a direct challenge to Twitter with Threads, garnering millions of users in hours as it sought to take advantage of its rival’s much-weakened state after a series of chaotic decisions from owner Elon Musk. Those quick to join the…
By Rajesh Kumar Singh and Diane Bartz CHICAGO/WASHINGTON (Reuters) – JetBlue Airways’ decision to abandon its alliance with American Airlines has improved its chances in the trial over a $3.8 billion deal to buy Spirit Airlines, but may not be enough to hand it a victory, antitrust experts said. In its lawsuit filed in March…
By Jonathan Stempel (Reuters) – A federal judge said Rivian Automotive must face a lawsuit claiming it defrauded shareholders during and after its blockbuster 2021 initial public offering by concealing that had underpriced its electric vehicles, leading to unpopular price hikes. U.S. District Judge Josephine Staton in Los Angeles said shareholders could try to prove…
(Reuters) – Bausch + Lomb acquired Johnson & Johnson’s eye and contact lens drops brand Blink for $106.5 million, marking its second deal in two weeks to bolster the contact lens maker’s portfolio of eye care products. J&J’s Blink portfolio of over-the-counter drugs include several eye drops and contact lens rewetting drops that are used…
By Hannah Lang (Reuters) – Time is running out for Digital Currency Group to agree on a deal to restructure its bankrupt crypto lending unit Genesis after its largest creditor Gemini – the crypto company founded by the Winklevoss twins – set Thursday afternoon as the final deadline before the company pursues litigation. The lending…
