By Natalia Siniawski (Reuters) -Brazilian brewer Ambev on Thursday reported a 15.2% decline in second-quarter net profit, narrowly missing market forecasts, but said it expects cost pressures this year to be milder than previously anticipated. The subsidiary of Belgium’s Anheuser-Busch InBev posted profit of 2.60 billion reais ($540.34 million), below the 2.68 billion reais average…
By Chibuike Oguh NEW YORK (Reuters) – Apollo Global Management Inc said on Thursday its second-quarter adjusted net income jumped 75% year-on-year, underpinned by strong growth in earnings from its retirement services business and management fees. Adjusted net income rose to $1 billion, up from $576 million a year earlier. That translated to an adjusted…
By Elissa Welle NEW YORK (Reuters) – U.S. psychiatrists are increasingly prescribing the popular weight-loss drug Wegovy to patients who gain weight from medicines used to treat mental disorders, such as schizophrenia or bipolar disorder, according to Reuters interviews with ten prescribers across the country. Many antipsychotic drugs and mood stabilizers can cause patients to…
By Joseph Ax NEW YORK (Reuters) – Brewing battles over redistricting from New York to Utah may result in new congressional maps for at least half a dozen states before the 2024 election, with control of the closely divided U.S. House of Representatives in the balance. The 2022 election – in which Republicans captured a…
By Chris Taylor NEW YORK (Reuters) – How much money do you really need for retirement? One guess is $1.27 million, a new survey from Milwaukee-based Northwestern Mutual shows. But there is no ‘Magic Number’ for everyone. After all, retirement may be decades away, subject to variables such as life events, inflation, stock market returns,…
By Anna Tong (Reuters) – Cruise, General Motors’ robotaxi unit, said on Thursday it had signed the driverless car industry’s first labor union agreements, a significant milestone as unions and robotaxi firms have historically been at odds. The company is partnering with two local San Francisco union chapters that represent electrical workers and janitors, the…
By Nathan Layne, Karen Freifeld, Tim Reid and Jason Lange (Reuters) – On March 30, when Donald Trump was indicted over a hush-money payment to a porn star, he already owned the narrative. He had been preparing for this moment. Four weeks earlier, anticipating the indictment was near, the former president dictated notes to aides…
(Reuters) – A look at the day ahead in U.S. and global markets by Karin Strohecker There seems to be broad agreement that Fitch’s U.S. credit rating downgrade will have little impact on the real value of U.S. Treasuries, but the move has left markets feeling fragile and nervy ahead of tech giants Apple and…
FRANKFURT (Reuters) – European Central Bank board member Fabio Panetta made the case on Thursday for keeping the ECB’s interest rates at their current high level for longer, rather than raising them further and risking having to reverse course. The ECB raised rates for the ninth straight time in a year last week but signalled…
By Ludwig Burger FRANKFURT (Reuters) -Germany’s Merck KGaA on Thursday warned of a steeper earnings decline due to a slump in demand for materials used to produce pharmaceuticals and semiconductors, as its high-tech niche markets get drawn into a wider downturn. In a statement, it cited “persistently high inventory levels of our Life Science customers,…
