By Bhanvi Satija and Mariam Sunny (Reuters) -Eli Lilly on Tuesday raised its annual forecasts as demand for new diabetes drug Mounjaro surges ahead of a decision on its use as a weight-loss treatment, with shares soaring 18% to a record high also helped by positive data from a rival drug. The U.S. company’s shares…
By Jonathan Stempel (Reuters) – A U.S. judge rejected Google’s bid to dismiss a lawsuit claiming it invaded the privacy of millions of people by secretly tracking their internet use. U.S. District Judge Yvonne Gonzalez Rogers on Monday said she could not find that users consented to letting Google collect information about what they viewed…
By Lucia Mutikani WASHINGTON (Reuters) – The U.S. trade deficit narrowed sharply in June as businesses cut back on purchases of foreign-made capital goods, resulting in imports falling to the lowest level in more than 1-1/2 years. The decline in imports reported by the Commerce Department on Tuesday potentially signals a slowdown in business investment…
By Shashwat Chauhan, Amruta Khandekar and Shristi Achar A (Reuters) -European shares fell on Tuesday as Italian banks were hit after the cabinet approved a 40% windfall tax on lenders, though a jump in shares of drugmaker Novo Nordisk after positive data on its obesity drug helped limit losses. Italian banks such as Intesa Sanpaolo,…
By Agnieszka Pikulicka-Wilczewska WARSAW (Reuters) – Pavel Maryeuski, 33, was an activist committed to peaceful politics who had never held a weapon, when he fled his native Belarus after President Alexander Lukashenko’s crackdown on protests following an election three years ago. Last year, when Russia invaded Ukraine, he felt the call to battle, and joined…
By Deborah Mary Sophia (Reuters) -Restaurant Brands International topped market estimates for quarterly results on Tuesday, signaling its Burger King turnaround plans were bearing fruit, with the chain drawing more customers through improved marketing and new technology at its outlets. Having previously struggled to drive sales in the U.S., Burger King is now ramping up…
By Maggie Fick and Nikolaj Skydsgaard COPENHAGEN/LONDON (Reuters) -Wegovy maker Novo Nordisk said on Tuesday a large study had shown the highly effective obesity treatment also had a clear cardiovascular benefit, boosting the Danish company’s hopes of moving beyond its image as a lifestyle drug. The increasingly popular Wegovy has transformed the weight-loss market since…
By Joseph Ax (Reuters) – Abortion rights advocates in Arizona on Tuesday launched a campaign to add abortion protections to the state constitution in next year’s election, in a bid to invalidate the state’s current 15-week ban. A new coalition, Arizona for Abortion Access, said it had filed proposed language on Tuesday for a ballot…
By Max A. Cherney (Reuters) – Nvidia announced a new configuration on Tuesday for its advanced artificial intelligence chips that is designed to speed generative AI applications. The new version of the Grace Hopper Superchip boosts the amount of high-bandwidth memory, which will give the design the capacity to power larger AI models, according to…
By Abdel-Kader Mazou and Boureima Balima NIAMEY (Reuters) -West African leaders scheduled a summit for Thursday to discuss the Niger junta’s rejection of an ultimatum to reinstate the ousted president, as the United States sent a top official to Niamey to push for a return to democracy. The Economic Community of West African States (ECOWAS)…
