NEW YORK (Reuters) – Members of Goldman Sachs’ board nominated former Bank of America executive Tom Montag to join as an independent director, according to a filing on Thursday. Montag was recommended to join the board’s audit, risk and corporate governance and nominating committees at the group’s next meeting, the Wall Street bank said in…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian markets bring an eventful first half of the year to a close on Friday with investors bracing for a raft of top tier economic data, particularly from China and Japan, and digesting yet another…
By Julie Steenhuysen CHICAGO (Reuters) – People taking popular diabetes and weight loss drugs such as Novo Nordisk’s Ozempic and Wegovy or Eli Lilly’s Mounjaro should temporarily stop taking them before having elective surgery to avoid possible serious complications, the American Society of Anesthesiologists (ASA) said on Thursday. The group has received anecdotal reports from…
By Dietrich Knauth NEW YORK (Reuters) -Overstock.com intends to sunset its company name and rebrand as Bed Bath & Beyond after purchasing that company’s intellectual property assets in bankruptcy, Overstock CEO Jonathan Johnson said on Thursday. Overstock, which chose not to bid on any of Bed Bath & Beyond’s retail locations or inventory, will remain…
HOUSTON (Reuters) – Rapper Travis Scott will not face criminal charges in the deaths of 10 fans at a 2021 concert in Houston, according to local media reports on Thursday. A Texas grand jury meeting in Houston declined to prefer charges against Scott in the deaths of the 10 who were crushed in the crowd…
By Nathan Gomes (Reuters) -The U.S. Food and Drug Administration on Thursday approved BioMarin Pharmaceutical’s gene therapy for severe hemophilia A, the company said, giving patients with the inherited bleeding disorder an alternative to regular injections of missing blood proteins. It priced the one-time therapy, Roctavian, at $2.9 million. Pivotal trial results showed that Roctavian…
(Reuters) -Volkswagen is in talks with Tesla to adopt its North American Charging Standard (NACS) technology, while the German automaker’s charging network unit Electrify America has already agreed to use the system. The announcement comes as a slew of automakers and charging equipment makers choose Tesla’s charging design on concerns of losing out on customers…
By Kanishka Singh WASHINGTON (Reuters) – Former Ohio House of Representatives Speaker Larry Householder was sentenced on Thursday to 20 years in prison after being convicted earlier this year of participating in a $60 million bribery scheme, prosecutors said. A federal jury convicted Householder and former Ohio Republican Party chair Mathew Borges in March. Householder…
By Ismail Shakil OTTAWA (Reuters) -Google said on Thursday it plans to block Canadian news on its platform in Canada, joining Facebook in escalating a campaign against a new law requiring payments to local news publishers. Alphabet-owned Google will remove links to Canadian news from search results and other products in Canada when the law…
(Reuters) – U.S. banking regulators are asking lenders to work with credit-worthy borrowers that are facing stress in the commercial real estate market. Financial institutions should work “prudently and constructively” with good borrowers during times of financial stress, the agencies said in a statement. The statement from the Board of Governors of the Federal Reserve…
