(Updated at 4:23 p.m. ET with closing prices) By Stephen Culp NEW YORK (Reuters) -Wall Street lost ground on Tuesday, with risk-off sentiment weighing as the U.S. Federal Reserve convened for its much-anticipated two-day monetary policy meeting. All three indexes ended the session lower in a broad sell-off ahead of the Fed’s interest rate announcement…
By Patrick Wingrove (Reuters) – Eli Lilly on Tuesday said it was suing 10 U.S. medical spas, wellness centers and compounding pharmacies for selling products claiming to contain tirzepatide, the active ingredient in its diabetes drug Mounjaro which is expected to be approved for weight loss later this year. In four separate lawsuits filed in…
By Stephanie Kelly (Reuters) -Oil prices rose to 10-month highs on Tuesday before easing, as investors took profits following three sessions of gains that followed extended production cuts from Saudi Arabia and Russia. Global benchmark Brent crude futures settled 9 cents lower at $94.34 a barrel. Earlier, it hit a session peak of $95.96 a…
Waiting Game: The gold trading community appears to be in a holding pattern ahead of this week’s monetary policy update from the Federal Reserve and other central bank rate decisions. The most-active gold futures contract on New York’s Comex, December, settled at $1953.70 per ounce, with a minimal increase of just 30 cents for the…
