(Reuters) -The U.S. Federal Trade Commission (FTC) has suspended its challenge of Amgen’s $27.8 billion purchase of Horizon Therapeutics, allowing the FTC to consider whether the agency should settle the case, a filing late on Friday showed. The pause is effective until Sept. 18. Amgen said the company was aware of the move and is…
In a significant development that underscores the evolving landscape of international relations, the coalition of BRICS countries – comprising Brazil, Russia, India, China, and South Africa – has come to a consensus to expand its membership. This comes amid growing interest from several nations eager to be part of this influential group. The Backdrop:…
In the labyrinth of geopolitical maneuverings and high-stakes power plays, Russia often stands as a behemoth with stories that often read like chapters from a dramatic thriller. The recent plane crash, leading to the purported demise of Yevgeny Prigozhin, the chief of Wagner and a once-close Kremlin confidante, is one such tale that’s stirring…
By Andrew Osborn MOSCOW (Reuters) -President Vladimir Putin has ordered Wagner fighters to sign an oath of allegiance to the Russian state after a deadly plane crash believed to have killed Yevgeny Prigozhin, the volatile chief of the mercenary group. Putin signed the decree bringing in the change with immediate effect on Friday after the…
By Maytaal Angel, Jessica DiNapoli and Richa Naidu LONDON/NEW YORK (Reuters) – (This Aug. 18 story has been corrected to clarify that Europe has seen chocolate price increases of 13%, not 20%, over past two years, while the United States, not North America, has seen price increases of 20% in paragraph 3; sourced data to…
By Ann Saphir and Howard Schneider JACKSON HOLE, WYOMING (Reuters) – Beating inflation will probably require one more U.S. interest-rate hike and then going on hold for “a while,” Cleveland Federal Reserve Bank Loretta Mester said on Saturday, adding that she may reassess her earlier view that rate cuts could start in late 2024. While…
In a recent chat with CNN, retired U.S. Army general and former CIA director, David Petraeus, expressed cautious optimism about Ukraine’s counteroffensive against Russia. While Kyiv’s initial success in taking out six of Putin’s missiles made waves in May, the road to victory has been more arduous than anticipated by many Western observers….
Microsoft’s foray into the world of Artificial Intelligence (AI) and cloud technology has industry experts buzzing, especially with the promising trajectory it seems to be on. Analyst’s Take Timothy Horan from Oppenheimer has firmly placed his bets on Microsoft (NASDAQ: MSFT). Not only has he given the tech giant an ‘Outperform’ rating, but…
As the federal oversight body winds down its multi-year assessment of Tesla’s touted Autopilot system, the road ahead for Elon Musk’s vision of self-driving technology remains clouded with uncertainty. Snapshot: The Key Player: The National Highway Traffic Safety Administration (NHTSA) has spent years examining the ins and outs of Tesla’s driver-assist mechanisms, especially the…
By Daniel Wiessner (Reuters) – A new lawsuit accusing SpaceX of illegally refusing to hire asylum recipients and refugees could be an important test of the U.S. government’s stance that national security concerns do not allow companies to discriminate against non-citizens. Elon Musk, CEO of the rocket and satellite company, said in response to the…
