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…
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…
WASHINGTON (Reuters) – Republicans in the U.S. House of Representatives sought to defend Donald Trump against his latest criminal indictment on Wednesday, by casting the former president as the victim of what they called a politically motivated prosecution. A day after Trump was indicted for his attempts to overturn the 2020 election, some of Trump’s…
By Giuseppe Fonte and Angelo Amante ROME (Reuters) – Italy plans to set up a fund with at least 2 billion euros ($2.2 billion) at its disposal to bolster strategically important supply chains, a draft bill seen by Reuters showed. The “Made in Italy” fund will have an initial endowment of 700 million euros in…
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,…
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…
JERUSALEM (Reuters) – More than 2,000 Palestinian Americans have traveled into or through Israel since it eased conditions for them at border crossings as part of a bid to achieve a visa waiver deal with the United States, an Israeli official said on Wednesday. Ahead of a Sept. 30 deadline to qualify its citizens for…
By Kailyn Rhone (Reuters) – From robotic grills to faster blenders with custom ice and milk dispensers, major U.S. restaurant chains including Starbucks, Domino’s, and Chipotle are touting new technologies to automate production, cut labor costs and potentially boost profit margins. Starbucks said it plans to roll out a coffee-making machine, the Siren System, in…
By Jack Queen and Sarah N. Lynch (Reuters) – A law enacted in the aftermath of the U.S. Civil War to protect the rights of Black people factors into the charges brought against former President Donald Trump on Tuesday in a federal election interference case. Trump, the front-runner for the 2024 Republican nomination, was charged…
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…
