By Maggie Fick and Radhika Anilkumar LONDON (Reuters) -AstraZeneca on Friday delivered forecast-beating profits and sales in the second quarter as a strong performance by its blockbuster cancer drugs offset the loss of COVID-19 vaccine sales. Shares in the Anglo-Swedish drugmaker, which has a strong line-up of cancer, metabolic and rare disease drugs, rose as…
By Sarah N. Lynch and Jacqueline Thomsen WASHINGTON (Reuters) -Donald Trump ordered employees at his Florida resort to delete security videos as he was under investigation for retaining classified documents, U.S. prosecutors said on Thursday as they broadened the case against the former president and charged a second member of his staff with helping to…
By Jacqueline Thomsen WASHINGTON (Reuters) – Former U.S. President Donald Trump and two of his employees are facing new charges in the criminal case over the retention of sensitive government records at Trump’s Mar-a-Lago estate in Palm Beach, Florida. Trump now faces 40 charges in the case, after originally being indicted on 37 counts last…
By Moira Warburton WASHINGTON (Reuters) – Facing uphill re-election battles in 2024, vulnerable Senate Democrats are pushing legislation that promotes “Buy America” policies, attempting to bolster their party on a brand of economic populism they hope will keep them in the majority. The Senate Commerce Committee on Thursday advanced a bill from Democratic Senator Tammy…
WASHINGTON (Reuters) – Top U.S. Senate Republican Mitch McConnell plans to remain in his leadership post through the 2024 elections, a spokesperson said on Friday, two days after the minority leader froze up for about 21 seconds while speaking to reporters. “He plans to serve his full term in the job they (Republican senators) overwhelmingly…
MEXICO CITY (Reuters) – Mexican distiller Becle, the world’s largest tequila producer, said on Friday that it maintained its guidance of annual sales in the high single digits on a constant currency basis, after a stronger peso ate into its earnings abroad. Without the FX impact, Becle’s gross margin would have expanded over the second…
By Ananta Agarwal (Reuters) – U.S. railroad operators expect heatwaves across the northern hemisphere to reignite coal shipments as people crank up the air conditioning to beat the heat. Grid operators from Texas to California have been relying more on natural gas and renewables to generate power, but the surge in demand could push up…
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Shares of AMC Entertainment Holdings Inc have been hit by a wave of bearish options bets amid uncertainty over the company’s stock conversion plan. The one-month moving average of open puts versus call options on AMC hit 1.7-to-1 on Thursday, the most bearish the measure has been…
By David Shepardson WASHINGTON (Reuters) -General Motors warned the Biden administration’s planned changes to vehicle emissions rules could cost the auto industry hundreds of billions of dollars in penalties by 2031, which the Biden administration said on Thursday was wrong. GM executive David Strickland met on July 17 with White House Office of Management and…
(Corrects company name to TSMC in paragraph 7) (Reuters) -Intel shares surged 7% on Friday, a day after the chipmaker’s unexpectedly strong quarterly report heralded a turnaround in fortunes after a long, margin-sapping struggle due to plummeting PC sales and a highly competitive data center market. The company’s surprise second-quarter profit and its strong earnings…
