By Trevor Hunnicutt and Jarrett Renshaw WASHINGTON (Reuters) – U.S President Joe Biden on Wednesday used the first anniversary of his signature Inflation Reduction Act to pitch the landmark clean-energy law as an economic powerhouse to a public that remains largely unaware of its contents. The wide-ranging law provides billions of dollars in tax credits…
By Tim Cocks JOHANNESBURG (Reuters) – BRICS leaders meet in South Africa next week to discuss how to turn a loose club of nations accounting for a quarter of the global economy into a geopolitical force that can challenge the West’s dominance in world affairs. Russian President Vladimir Putin, who faces an international arrest warrant…
By Elida Moreno and Marianna Parraga PANAMA CITY (Reuters) – The Panama Canal Authority on Wednesday notified shippers it is extending through Sept. 2 restrictions for vessels to transit through the waterway and keeping the number of vessels authorized to pass per day to a maximum of 32. The Canal restrictions, implemented in recent months…
By Jaspreet Singh and Max A. Cherney (Reuters) – Chip design software company Synopsys on Wednesday named 25-year-veteran Sassine Ghazi as its CEO and president, and forecast better-than-expected fourth-quarter results as artificial intelligence (AI) innovations fuel demand for custom semiconductor design. The company said Ghazi, who brings with him decades of chip design and applications…
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…
