By Nidal al-Mughrabi KHAN YOUNIS, Gaza Strip (Reuters) – As nearby explosions from Israeli air strikes continued to rock their Gaza home for the third night this week, Hani al-Hindi and his wife slept with their six children huddled together in the same room, where they felt it was safer. Next to the front door,…
By Ludwig Burger FRANKFURT (Reuters) -Drug and pesticide maker Bayer said its 2023 results would likely come in at the lower end of its targeted range, hurt by cost inflation and a slump in prices of glyphosate-based weedkillers from last year’s highs. Bayer saw herbicide sales jump 44% in 2022 after Hurricane Ida damaged rival…
By Ludwig Burger FRANKFURT (Reuters) – Germany’s Merck KGaA on Thursday warned that adjusted operating earnings could decline by as much as 10% this year as the outlook for its specialty chemicals business darkened, offsetting an upswing in drug prescriptions. The company said it was expecting between 6.1 billion euros ($6.71 billion) and 6.7 billion…
By Sriparna Roy and Nandhini Srinivasan (Reuters) -A U.S. Food and Drug Administration advisory panel on Wednesday voted in favor of allowing sales of Perrigo Co’s contraceptive drug without a prescription, paving the way for the country’s first over-the-counter birth control pill. The panel found the drug to be an effective OTC option with some…
By Hyonhee Shin SEOUL (Reuters) – South Korea on Thursday lowered its crisis level for COVID-19 and will from June no longer require infected people to quarantine for seven days, dropping one of the country’s few remaining pandemic-related restrictions. Health authorities will still recommend five days of self-isolation for infected people but it will not…
By Foo Yun Chee and Ilona Wissenbach BRUSSELS (Reuters) – Lufthansa suffered a setback on Wednesday after Europe’s second-highest court sided with Ryanair and annulled a European Union competition regulator’s decision clearing its state bailout. The court cited errors in the EU competition regulators’ decision to approve the German government’s 6-billion-euro ($6.60 billion) rescue package…
By Jason Lange, Gabriella Borter and Joseph Ax (Reuters) -Republican vulnerabilities on abortion policy are on display in Ohio, with the party playing defense against a surge in abortion rights activism that could help President Joe Biden and his Democratic Party in next year’s elections. The Republican-controlled legislature on Wednesday approved a measure intended to…
By Dietrich Knauth NEW YORK (Reuters) – Vyera Pharmaceuticals, which previously settled price-fixing charges that resulted in founder Martin Shkreli being banned from the pharmaceutical industry, filed for bankruptcy late Tuesday to sell its assets. Vyera said its bankruptcy was the result of declining profits, increased competition for generic drugs, and litigation alleging that Vyera…
By Ahmed Aboulenein WASHINGTON (Reuters) – The U.S. government on Thursday will end the COVID-19 Public Health Emergency that allowed millions of Americans to receive vaccines, tests and treatments at no cost. The emergency is also tied to telehealth flexibilities, Medicaid enrollment safeguards, and the ability of government health agencies to collect data on the…
By Patricia Zengerle WASHINGTON (Reuters) – U.S. Senate Democrats released a letter from Secretary of Defense Lloyd Austin on Wednesday saying a Republican’s decision to hold military nominations harms national security, intensifying a dispute over the military’s abortion policy. Republican Senator Tommy Tuberville has been blocking more than 150 military nominations from moving forward for…
