By Ludwig Burger FRANKFURT (Reuters) – Novartis breast cancer drug Kisqali cut the risk of recurrence by more than 25% in a pivotal trial on women diagnosed at an early stage, positioning the Swiss drugmaker to win new patients and but facing strong competition from Eli Lilly. The company on Friday said the relative risk…
By Joe Brock and Kanupriya Kapoor SINGAPORE (Reuters) -Australian Prime Minister Anthony Albanese on Friday called for greater engagement between the United States and China, saying a breakdown in dialogue between the superpowers could have devastating consequences for the world. The relationship between the United States and China is at its lowest point in decades,…
By Greg Torode Singapore (Reuters) -A senior NATO official on Friday urged Beijing to be more open about its accelerating nuclear weapons build-up, saying that as a global power, China had a responsibility to improve transparency. Angus Lapsley, the North Atlantic Treaty Organisation’s (NATO) Assistant Secretary General for Defence Policy and Planning, told the Shangri-La…
By Savyata Mishra (Reuters) – Shares of Lululemon Athletica Inc soared 15% in early trade on Friday, after the premium apparel retailer defied investor worries with a full-year outlook lift amid little pullback from consumers and a sharp rebound in China sales. The rosy outlook comes in contrast to the general trend of U.S. retailers…
By Howard Schneider WASHINGTON (Reuters) – Federal Reserve officials may still be fighting an inflation war, but they’ve opened the door to the possibility the U.S. central bank’s benchmark overnight interest rate won’t rise from the current 5.00%-5.25% range at the upcoming June 13-14 policy meeting. Here’s a guide to the data informing the debate…
(Reuters) -Cybersecurity firm SentinelOne Inc was set to shed over a third of its market value on Friday after a tough economy and stiff competition slammed its quarterly earnings and forecast. Shares of the company sank 35% in early trading on Friday and the stock could erase most of the 42% rise it has posted…
(Reuters) -Boeing Co. CEO Dave Calhoun on Friday said progress on resolving supply chain problems has been “frustratingly slow” even as airlines’ demand for planes has bounced back to pre-pandemic levels. Boeing has seen improvements in certain elements of its supply chain, such as engine forgings and castings, Calhoun said. But the ability of aircraft…
By Essi Lehto, Anne Kauranen and Humeyra Pamuk HELSINKI/WASHINGTON (Reuters) -U.S. Secretary of State Antony Blinken on Friday warned against any peace initiatives that could help legitimize Russia’s seizure of Ukrainian territory, saying a “just and durable” peace effort should address accountability and reconstruction. Delivering what U.S. officials described as a highlight speech that lays…
By Fatos Bytyci PRISTINA (Reuters) – Kosovo opposition parties on Friday blamed Prime Minister Albin Kurti for worsening relations with Western allies over violence in the north in which NATO peacekeepers were injured, and they called for a no-confidence motion against the government. Unrest intensified in the area after elections in April that were boycotted…
(Reuters) – Federal Reserve policymakers will probably leave interest rates unchanged when they meet later this month, but keep the door open to a rate hike in July, after a government report on Friday showed employment surged in May, but pay gains cooled. Traders now see about a one-in-three chance that the Fed will deliver…
