By Brendan Pierson (Reuters) – Access to the abortion pill mifepristone must be restricted, a U.S. appeals court ruled on Wednesday, ordering a ban on telemedicine prescriptions and shipments of the drug by mail, though the decision will not immediately take effect. The New Orleans-based 5th U.S. Circuit Court of Appeals stopped short of ruling…
By Brendan Pierson (Reuters) – Access to the abortion pill mifepristone must be restricted, a U.S. appeals court ruled on Wednesday, ordering a ban on telemedicine prescriptions and shipments of the drug by mail. Here’s what the ruling from the New Orleans-based 5th U.S. Circuit Court of Appeals means for doctors and patients: CAN PATIENTS…
(Reuters) – Global ratings agency Fitch downgraded Ecuador deeper into junk territory on Wednesday, citing financing risks arising from a significant deterioration in fiscal accounts as the country heads to polls. Ecuador’s long-term foreign currency issuer default rating was cut to “CCC+” from “B-” by Fitch. “Liquidity constraints have resulted in a sizeable build-up in…
By Bhanvi Satija and Sriparna Roy (Reuters) -The U.S. Food and Drug Administration (FDA) on Wednesday approved French drugmaker Ipsen’s drug for a rare bone disorder, making it the first treatment available to patients with the condition that causes abnormal bone growth. The company said its drug, Sohonos, was approved in adults and pediatric patients…
(Reuters) -Networking equipment maker Cisco Systems’ CEO talked up market share wins and artificial intelligence (AI) opportunities, as he moved to allay fears over slowing growth after a disappointing annual revenue forecast. The remarks helped the company’s shares reverse course in extended trading to rise more than 2% on Wednesday. But the stock has underperformed…
By Saeed Azhar and Noel Randewich NEW YORK (Reuters) – Wall Street ended lower on Wednesday after the Federal Reserve’s minutes showed central bank officials were divided over the need for more interest rate hikes at their last meeting. The minutes of the Fed’s July monetary policy meeting showed most policymakers continue to prioritize the…
By Matt Tracy WASHINGTON (Reuters) – The credit quality of U.S. middle market collateralized loan obligations (CLOs), major sources of debt funding for mid-sized companies, has worsened only slightly even as the overall risk of late payments by these companies has increased, according to Moody’s. The new data suggests that despite increasingly challenging liquidity conditions…
By Greg Roumeliotis and Emma-Victoria Farr (Reuters) -ArcelorMittal SA, the world’s second-largest steelmaker, is considering a potential offer for U.S. Steel Corp, three people familiar with the matter said on Wednesday. The combination would reverse ArcelorMittal’s retreat from the United States as a production base after it sold most of its operations to Cleveland-Cliffs Inc…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian market sentiment on Thursday will again be a mix of caution and nervousness, with familiar roots: a supercharged dollar and rising U.S. bond yields, tightening financial conditions, and deepening concern over China. Wall Street’s…
By Walter Bianchi, Jorge Otaola and Lucinda Elliott BUENOS AIRES (Reuters) – Confidence in Argentina’s peso plumbed new depths on Wednesday as the currency slid to 780 pesos per dollar in the popular black market, where savers are willing to pay more than twice the official rate now pegged at 350 pesos per greenback. The…
