(Reuters) – Bristol Myers Squibb won the dismissal on Monday of a $6.4 billion lawsuit claiming it cheated former Celgene shareholders by delaying federal approval for the cancer drug Breyanzi and two other drugs developed by Celgene. U.S. District Judge Jesse Furman in Manhattan said UMB Bank was never properly appointed trustee for shareholders owning…
JAKARTA (Reuters) – United States’ Secretary of State Antony Blinken on Friday called for stability in the Indo-Pacific region and urged the world to work together to end threatening behaviour by North Korea after its latest missile launch. In broad remarks made after a bilateral meeting with his Indonesian counterpart Retno Marsudi in Jakarta, he…
(Reuters) – Patrick Orlando, the head of the blank-check acquisition firm that has agreed to take Donald Trump’s social media company public, on Friday urged Donald Trump and Trump Media boss Devin Nunes to promote an upcoming vote to extend the merger deadline. The shell company, Digital World Acquisition Corp, earlier this month failed to…
LA PAZ (Reuters) – Bolivia’s government has called on the armed forces to tighten border controls to curb the smuggling of state-subsidized fuels, a move it believes will save state coffers some $250 million per year. Keeping fuel prices steady, currently 3.74 bolivianos ($0.5452) per liter for gasoline and 3.72 bolivianos per liter for diesel,…
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…
ANCHORAGE, Alaska (Reuters) -U.S. Treasury Secretary Janet Yellen has canceled her visit to the Port of Yokohama during her visit to Japan next week out of deference following the assassination of former Prime Minister Shinzo Abe, a Treasury official said on Saturday. Abe was fatally shot on Friday while giving a campaign speech on a…
By Mike Dolan LONDON (Reuters) -Hype or hope, this year’s boom in artificial intelligence along with other productivity-enhancing tech developments may be one of few ways to sustain an increasingly fragile “global balance sheet” over coming decades. There is little doubt about the market heat, corporate alarm and social anxieties created in the mere six…
OSLO (Reuters) – Activity in the Norwegian economy is levelling off and companies expect business prospects to be stable in the first half of 2023, a central bank business survey showed on Thursday. The quarterly survey provides key input for the central bank, which in January said it would “most likely” raise its key policy…
SAO PAULO/BRASILIA (Reuters) -Brazil’s finance minister said on Thursday the country would implement a “digital tax” on shipments from e-commerce giants, after backtracking earlier this week from a decision to tax individual-to-individual shipments of up to $50. “We will follow the example of developed nations, a digital tax,” Finance Minister Fernando Haddad told reporters. “Consumers…
By Bansari Mayur Kamdar and Shreyashi Sanyal (Reuters) -Wall Street’s main indexes tumbled on Monday, as heavyweight technology stocks dropped on expectations of a sooner-than-expected rate hike that pushed U.S. Treasury yields to fresh two-year highs. The Nasdaq fell as much as 10.37% below its intraday record level reached on Nov. 22. It was last…
