WASHINGTON (Reuters) – Former U.S. President Donald Trump said after his arraignment on charges of trying to overturn the 2020 election that it was a “very sad day for America.” “This is a persecution of a political opponent. This was never supposed to happen in America,” Trump said before boarding his plane to return to…
By Deena Beasley (Reuters) -Amgen, which is facing U.S. Federal Trade Commission (FTC) delays to its planned acquisition of Horizon Therapeutics, on Thursday reported higher quarterly profit on strong sales of treatments for cholesterol, osteoporosis and other drugs. The biotech company, which slightly raised its outlook for full-year revenue and profit, said it currently expects…
By Michael Erman (Reuters) -Gilead Sciences on Thursday reported lower second-quarter profit as costs from a legal settlement and sharply lower sales of its COVID-19 treatment offset another strong performance by HIV drugs. The drugmaker raised its full-year revenue forecast, even as it trimmed its estimate for COVID antiviral Veklury due to lower pandemic-related hospitalizations….
By Lisa Baertlein and Aishwarya Nair (Reuters) – Thousands of UPS workers will start voting on their tentative contract agreement with the delivery giant on Thursday after local leaders of the International Brotherhood of Teamsters endorsed the union’s deal earlier this week. The tentative deal covering 340,000 Teamsters-represented workers at United Parcel Service averted a…
(Reuters) – Monster Beverage Corp missed Wall Street estimates for second-quarter sales on Thursday as higher cost of living weighed on demand for its pricier energy drinks and alcohol brands, sending its shares down 3.4% after the bell. Consumers have curbed non-essential spending as disposable incomes remain pressured by rising interest rates and higher food…
SANTIAGO (Reuters) – A winter heat wave bringing historically high temperatures to Chile is a “window” to an increasingly warm future, according to scientists. Globally, July was already the hottest month on record and the first days of August brought a heat wave to parts of northern and central Chile, bringing springlike weather to the…
By Helen Coster and Samrhitha Arunasalam (Reuters) -Warner Bros Discovery warned Thursday that uncertainty over the dual strikes by Hollywood writers and actors could impact the timing of its film slate and its ability to produce and deliver content. The studio said its models anticipate members of the Writers Guild of America and the Screen…
By MacDonald Dzirutwe LAGOS (Reuters) – Nigeria is turning to gas as an alternative fuel after it scrapped a popular but costly subsidy on petrol that has seen pump prices rise sharply, angering motorists and businesses that use petrol to generate their own power. State-oil firm NNPC said late on Thursday it has partnered with…
By Lawrence Delevingne (Reuters) -U.S. shares finished with minimal losses after a day of up and down trading as U.S. bond yields hit nine-month peaks and the dollar dipped following a U.S. credit downgrade. Wall Street investors weighed another rise in Treasury yields with the latest batch of economic data and earnings. The Dow Jones…
By Andrea Shalal RUMFORD, Maine (Reuters) – U.S. Veterans Affairs Secretary Denis McDonough urged veterans across the country to apply by Wednesday to get an extra year of retroactive benefits under a new law passed last year to aid veterans sickened by gases from military toxic burn pits. McDonough told dozens of veterans in Rumford,…
