Australia’s Estia Health soars on sweetened $552 million bid from Bain Capital

(Reuters) -Australia’s Estia Health on Wednesday said it intended to back Bain Capital’s sweetened takeover offer that valued the aged-care provider at A$826.8 million ($552.05 million), sending its shares about 19% higher to a near five-year peak. Under the revised proposal, Bain Capital would offer A$3.20 in cash for every Estia share, which represents a…

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Prince Harry tells London court ‘vile’ press has blood on its hands

By Michael Holden and Sam Tobin LONDON (Reuters) -Prince Harry launched a fierce attack on the “vile” press on Tuesday, blaming tabloids for destroying his adolescence and later relationships, as he gave evidence for almost five hours in his lawsuit against a tabloid publisher. As he became the first senior British royal to appear in…

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US judge in Florida blocks enforcement of state ban on gender-affirming care

By Brendan Pierson (Reuters) -A federal judge in Florida on Tuesday partially blocked the state from enforcing its recent ban on people under 18 receiving gender-affirming care such as puberty blockers and hormone therapy, allowing three transgender children to continue with their treatment while he hears a lawsuit challenging the law. The preliminary order, from…

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US DOJ settles probe of illegal dumping in Houston’s minority neighborhoods

By Kanishka Singh WASHINGTON (Reuters) – The U.S. Department of Justice secured a settlement in its environmental justice investigation into Houston’s response to illegal dumping in Black and Latino neighborhoods, the department and the city of Houston said separately on Tuesday. The agreement builds on a plan to develop improved waste management services for residents…

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US House conservatives revolt against leadership, block gas stove bill

WASHINGTON (Reuters) – A group of about a dozen Republicans in the U.S. House of Representatives on Tuesday staged a revolt against their leadership by blocking consideration of a bill related to the regulation of gas-fueled stoves. The move was in retaliation for Speaker Kevin McCarthy’s deal with Democratic President Joe Biden on raising the…

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White House says it will win Merck lawsuit, defends Medicare drug negotiations

WASHINGTON (Reuters) – The Biden administration is confident it will succeed in the courts against Merck & Co’s lawsuit filed on Tuesday, the White House said, defending the Medicare health insurance program’s authority to seek deals on medicine prices. “We are confident we will succeed in the courts: there is nothing in the Constitution that…

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White House vows an improved effort against drug overdoses

By Nandita Bose WASHINGTON (Reuters) – President Joe Biden’s administration on Tuesday pledged an improved effort to combat drug overdoses that claimed the lives of about 100,000 Americans last year, using a White House summit to tout a multifaceted approach to tackle synthetic and illicit drugs such as the powerful opioid fentanyl. “Today’s summit is…

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CEO of Germany’s Merck: decoupling from China would be at huge economic cost

By Ludwig Burger and Patricia Weiss FRANKFURT (Reuters) -The CEO of German technology group Merck KGaA said that unravelling trade ties with China would come at great economic cost and she was banking on dialogue to ease tensions between Beijing and Western powers. Belen Garijo, the Spanish CEO of the German drugmaker and manufacturer of…

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