By Rami Ayyub WASHINGTON (Reuters) -U.S. lawmakers on Thursday invited Israel’s president to address a joint meeting of Congress on July 19, a top honor aimed at celebrating Israel’s 75th birthday even as tensions rise with Prime Minister Benjamin Netanyahu’s right-wing government. Isaac Herzog’s address will be the first by an Israeli president, a largely…
(Reuters) – Eli Lilly and Co said on Thursday it will acquire all the shares of Sigilon Therapeutics that it did not own to gain access to experimental cell therapies that can provide longer-term solutions for diabetes patients. A major provider of diabetes drugs and insulin, Lilly owned nearly 8.44% stake in Sigilon as of…
By Padraic Halpin DUBLIN (Reuters) -The Federal Reserve will have to increase rates if prices growth moves away from target or inflation expectations start to move in “a difficult way”, Atlanta Federal Reserve President Raphael Bostic said, while adding that neither was happening right now. While Chair Jerome Powell said on Thursday that most Fed…
By Tom Hals WILMINGTON, Delaware (Reuters) – A prominent U.S. lawsuit to ban the abortion pill mifepristone has focused on the drug’s safety and approval process. But the outcome may ultimately rest on a different issue: whether Ingrid Skop, an anti-abortion doctor in Texas, and other physicians behind the lawsuit can justify suing in the…
FRANKFURT (Reuters) – German regulators have told Binance they will not grant it a cryptocurrency custody licence, a person with direct knowledge of the matter said on Thursday, the latest in a string of setbacks for the world’s biggest cryptocurrency exchange. Binance has come under pressure from regulators around the world. The U.S. Securities and…
By Lananh Nguyen NEW YORK (Reuters) – Morgan Stanley’s board will focus on the selection of CEO James Gorman’s successor at its summer and fall meetings, a person familiar with the situation said, while the outgoing boss looks to clear the decks by resolving major regulatory matters. Gorman, who has run the Wall Street giant…
By Naomi Rovnick LONDON (Reuters) – Debt interest rates paid by the world’s riskiest corporate borrowers have reached the highest since 2010, at 6.1% on average, S&P Global Ratings said in a report on Thursday. Such companies, whose weaker financial profiles give them a speculative or “junk” credit rating, also face major refinancing risks in…
(Reuters) – Lordstown Motors said on Thursday it had received a delisting notice from the Nasdaq, days after the U.S. electric truck maker filed for bankruptcy protection. The company received the notice from Nasdaq on June 28, notifying its failure to meet listing rules and saying that trading in its class A common stock would…
By Andrew Osborn LONDON (Reuters) -Russia’s most senior generals have dropped out of public view after a failed mercenary mutiny aimed at toppling the top military brass, amid a drive by President Vladimir Putin to reassert his authority. Unconfirmed reports say that at least one person has been detained and is being questioned. Armed forces…
(Reuters) -The U.S. antitrust regulator is planning to file a suit targeting Amazon.com’s core online marketplace in the coming weeks, Bloomberg News reported on Thursday, citing documents and people familiar with the matter. The main allegation by the U.S. Federal Trade Commission (FTC) is expected to be that Amazon uses its power to reward those online merchants…
