2023

By Andrew Chung (Reuters) -The U.S. Supreme Court on Wednesday dealt a setback to Epic Games, maker of the popular video game “Fortnite,” in its legal battle against Apple, declining to let a federal judge’s injunction take effect that could force the iPhone maker to change payment practices in its lucrative App Store. Liberal Justice…

By Daniel Wiessner (Reuters) – A new lawsuit accuses the U.S. military of discriminating against as many as 35,000 veterans who were barred from serving because of their sexual orientation by failing to grant them honorable discharges. Five LGBTQ veterans filed the proposed class action in San Francisco federal court on Tuesday, seeking to force…

(Reuters) -Illumina Inc cut annual profit forecast, in a sign that a funding crunch among its biotech and pharmaceutical clients is expected to weigh on sales for its genetic testing tools and diagnostics products. Shares were down nearly 6% in extended trading on Wednesday. Rising interest rates have squeezed funding for drug development and research…

By Matthew Lewis (Reuters) -Robbie Robertson, the guitarist and main songwriter in The Band, the Canadian-American group known for songs including “The Weight” and “The Night They Drove Old Dixie Down,” has died at the age of 80, his manager said on Wednesday. Robertson, who left his Toronto home at age 16 to pursue his…

By Gabrielle Tétrault-Farber and Leroy Leo (Reuters) -The World Health Organization on Wednesday classified the EG.5 coronavirus strain circulating in the United States and China as a “variant of interest” but said it did not seem to pose more of a threat to public health than other variants. The fast-spreading variant, the most prevalent in…

By Dietrich Knauth NEW YORK (Reuters) -Bankrupt trucking company Yellow Corp will not seek court approval to borrow $142.5 million from private equity firm Apollo Global Management as planned on Wednesday, instead seeking time to explore alternate loan offers, an attorney for the company said. Yellow has received similar-sized loan offers from MFN Partners, an…

By Ross Kerber (Reuters) – Boards of S&P 500 companies made recruiting directors with financial expertise their top priority over the past year, slowing boardroom gains for minorities, according to a new report. Out of 388 new directors added by the top U.S. corporations, 36% self-identified as Black, Hispanic or other racial or ethnic minorities,…

By Kanishka Singh (Reuters) -Canada said on Wednesday that an opposition Canadian legislator with family in Hong Kong had been targeted in an online disinformation operation and said China most likely played a role. In a statement, the Canadian foreign ministry said the target was Michael Chong, a member of the opposition Conservative party, a…

By Herbert Lash NEW YORK (Reuters) -Global stocks slipped on Wednesday, a day before the release of key U.S. inflation data, while the dollar eased after data showed the Chinese economy slipped into deflation last month. Wall Street traded lower on investor caution a day before the Consumer Price Index report for June. Some analysts…