WASHINGTON (Reuters) – The U.S. Senate is debating a bill brokered by President Joe Biden and House Speaker Kevin McCarthy that lifts the government’s $31.4 trillion debt ceiling while imposing spending caps and cuts on Biden’s plan to boost funding for the IRS to audit wealthy Americans, among other things. The Republican-controlled House of Representatives…
By Nathan Frandino GEORGETOWN, California (Reuters) – The prescribed burn begins on a California hill with a drip torch to light brush, needles and fallen branches, the flames spreading out on the forest floor far below the tree canopy. Students on this Saturday class learn how to keep the burn under control, while others stand…
(Reuters) – The U.S. Food and Drug Administration said on Thursday it has revoked the emergency use authorization for Johnson & Johnson’s COVID-19 vaccine. (Reporting by Bhanvi Satija in Bengaluru)
(Reuters) – U.S. President Joe Biden plans to select former North Carolina health secretary Mandy Cohen to lead the Centers for Disease Control and Prevention (CDC), according to a source familiar with the matter. Biden’s formal announcement is expected later this month, according to the Washington Post, which first reported the news. If appointed, Cohen…
By Tiyashi Datta and Pratyush Thakur (Reuters) -Better cost controls helped Dell Technologies Inc beat estimates for first-quarter profit on Thursday, a positive sign for personal computer makers after months of cratering demand. The results contrasted rivals HP Inc and Lenovo Group, but a full recovery remains some ways off as Dell forecast current-quarter revenue…
(Reuters) – The U.S. Food and Drug Administration (FDA) warned about the safety risks of using compounded or custom-made versions of popular weight-loss drugs such as Wegovy and diabetes drug Ozempic. The health regulator on Wednesday said it had received reports of adverse events after patients used compounded versions of semaglutide, the active ingredient in…
By Will Dunham WASHINGTON (Reuters) – The most comprehensive genomic study ever on primates – a group whose membership includes lemurs, monkeys, apes and people – has revealed pivotal genetic traits that are uniquely human while refining the timeline for our evolutionary lineage’s split from our closest cousins, the chimpanzees and bonobos. Researchers said on…
By Rodrigo Campos and Jorgelina do Rosario NEW YORK/LONDON (Reuters) -A bill backed by debt justice campaigners and civil society groups advocating on behalf of economically distressed countries could alter past and future sovereign debt restructurings covered by New York state law – and Wall Street is watching. With a week left in this year’s…
By Dietrich Knauth NEW YORK (Reuters) – Aerospace supplier Incora filed for Chapter 11 protection on Thursday, citing depressed demand for aircraft maintenance and litigation over its efforts to restructure its debt outside of bankruptcy. Incora entered bankruptcy with $3.14 billion in debt, according to its court filings in Houston bankruptcy court. Incora CEO David…
By Saeed Azhar and Niket Nishant NEW YORK (Reuters) -Goldman Sachs Group Inc plans to cut more jobs as a difficult economic environment weighs on dealmaking and trading revenue may slump 25% this quarter, the bank’s president said on Thursday. “The macro backdrop is extraordinarily challenging,” Goldman’s president and chief operating officer, John Waldron, told…
