Huntington’s treatment helps Teva beat profit estimates as CEO eyes newer drug opportunities

By Steven Scheer JERUSALEM (Reuters) -Teva Pharmaceutical Industries on Wednesday reported higher-than-expected second-quarter profit, boosted by a sharp gain in sales of its Austedo treatment for Huntington’s disease that helped send its shares up as much as 14%. Chief Executive Richard Francis, who took the reins at the start of the year, is betting a…

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RB Global replaces CEO after dispute over compensation

By Svea Herbst-Bayliss and Pratyush Thakur (Reuters) -Industrial equipment auctioneer RB Global Inc said on Wednesday it replaced its chief executive officer, Ann Fandozzi, who recently spearheaded a $7.3 billion acquisition, amid a dispute over equity compensation. The company, formerly called Ritchie Bros Auctioneers, said Jim Kessler, its former chief operating officer and president, has…

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Israel judicial plan, higher interest rates pose risk for financial system -regulator

By Steven Scheer JERUSALEM (Reuters) – The Bank of Israel on Wednesday warned of risks to the stability of the banking system due to possible economic consequences from the government’s plan to overhaul the judiciary as well as higher credit costs from a steep rise in interest rates. In its semi-annual report on financial stability,…

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Worldcoin says will allow companies, governments to use its ID system

By Nette Noestlinger, Matthias Baehr and Elizabeth Howcroft LONDON (Reuters) – Worldcoin will expand its operations to sign up more users globally and aims to allow other organisations to use its iris-scanning and identity-verifying technology, a senior manager for the company behind the project told Reuters. Co-founded by OpenAI CEO Sam Altman, Worldcoin launched last…

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US says probe into Southwest Airlines December meltdown ongoing

By David Shepardson WASHINGTON (Reuters) -The U.S. Transportation Department (USDOT) on Wednesday said its comprehensive investigation into Southwest Airlines’ December meltdown is ongoing. Southwest canceled 16,700 flights impacting more than 2 million passengers after its crew scheduling software failed to handle staffing changes. The department first disclosed in January it was reviewing whether Southwest executives…

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