By Xie Yu HONG KONG (Reuters) – Shareholders of China Evergrande New Energy Vehicle Group accepted a proposal to dispose of two subsidiaries in a restructuring, according to a filing with the Hong Kong stock exchange on Friday night. More than 50% of the votes under the EV company, a unit of embattled property developer…
(Reuters) -The U.S. Food and Drug Administration (FDA) on Friday issued marketing denial orders to 10 companies which collectively manufacture and market about 6,500 flavored e-liquid and e-cigarette products. The health regulator said these companies cannot market or distribute the products in the U.S. and retailers who sell them risk FDA enforcement action. Any company…
(This May 11 story has been corrected to change some wording in the quote by Dr. Mafi in paragraph 15) By Deena Beasley (Reuters) – Wide coverage of Alzheimer’s drug Leqembi would raise future costs for the U.S. Medicare health plan by $2 billion to $5 billion a year, according to a study led by…
By Michael Erman and Bhanvi Satija NEW YORK (Reuters) -Pfizer Inc Chief Executive Albert Bourla called U.S. plans to negotiate drug prices for its Medicare health program “negotiation with a gun to your head” and said he expects drugmakers to sue in an attempt to halt the process. “It is not negotiation at all. It…
(Reuters) – The U.S. Trade Representative’s Office said on Friday it was extending exclusions from tariffs for 77 of 81 Chinese medical product import categories related to the COVID-19 pandemic. (Reporting by Jasper Ward and Doina Chiacu)
By Crispin Kyala BUSHUSHU, Democratic Republic of Congo (Reuters) – With shovels, sticks and bare hands, Red Cross volunteers struggled to clear caked mud from around a body half buried in a landslide in Bushushu village in eastern Democratic Republic of Congo. A week after torrential rains triggered deadly floods, the workers said they were…
By Alexandra Ulmer (Reuters) – Metals magnate and Republican donor Andy Sabin said he has soured on Florida Governor Ron DeSantis over his stance on abortion and Ukraine, and is now planning to back Senator Tim Scott instead in the 2024 Republican White House race. Sabin had been considering donating to DeSantis, who is expected…
By Rachael Levy WASHINGTON (Reuters) – U.S. lawmakers will ask regulators to investigate whether the make-up of a panel overseeing animal testing at Elon Musk’s brain-chip startup Neuralink contributed to botched and rushed experiments. U.S. House Representatives Earl Francis Blumenauer and Adam Schiff, both Democrats, have signed a draft letter to the U.S. Department of…
By Joy Malone TOMS RIVER, New Jersey (Reuters) – Ciara Clark, a Black doula, labored for more than nine hours at home before making a last-minute switch to go to the hospital to give birth. With her own Black doula and mother by her side, Clark had hoped to have her baby at home with…
HONG KONG (Reuters) -Hong Kong’s economy grew 2.7% in the first quarter from a year earlier, government data showed on Friday, thanks to a strong recovery of inbound tourism and domestic demand which would remain drivers for growth this year. It was the first quarter of growth after four consecutive ones of contraction. The city’s…
