(Reuters) – A World Health Organization (WHO) advisory group on Thursday recommended that this year’s COVID-19 booster shots be updated to target one of the currently dominant XBB variants. New formulations should aim to produce antibody responses to the XBB.1.5 or XBB.1.16 variants, the advisory group said, adding that other formulations or platforms that achieve…
By Medha Singh (Reuters) – The New York Stock Exchange and the Nasdaq said on Thursday they would cancel erroneous trades in the shares of IT solutions provider CDW Corp, which briefly plunged as much as 96% to $7 in premarket trading. They would bust all trades in the stock between 04:00 a.m. ET and…
By Siddharth Cavale and Aishwarya Venugopal (Reuters) -Walmart Inc raised its annual sales and profit targets on Thursday as shoppers snapped up its low-priced groceries and other essentials. Shares of the top U.S. retailer by sales rose 1% after it also reported better-than-expected results for the first quarter. Its stock has risen 5.5% in the…
By Richard Cowan, Leah Douglas WASHINGTON (Reuters) -Democrats in the U.S. Congress expressed frustration with President Joe Biden’s willingness to engage with Republicans demanding tougher work requirements for food aid recipients as part of any deal to raise the nation’s debt ceiling. They have stopped short of threatening to block such moves, as talks on…
By Sabrina Valle HOUSTON (Reuters) – Exxon Mobil Corp has pushed back against investors pressing the largest U.S. oil producer to report on the risks to its business from restrictions on greenhouse gas emissions and potential environmental disasters. In a reply on Wednesday to proxy advisor Glass Lewis, Exxon said the prospect of the world…
By Nupur Anand NEW YORK (Reuters) -Bankers are beefing up risk management, monitoring and emergency procedures around the use of social media after an internet-fueled run toppled Silicon Valley Bank two months ago and sparked turmoil in the industry. In board rooms across the United States, executives are devising programs and plans to counteract online…
By Michael S. Derby NEW YORK (Reuters) -New York Federal Reserve President John Williams said on Friday the U.S. and other major economies are still in a fundamentally low-interest-rate world despite the impact of the COVID-19 pandemic and the inflation surge that arose from it. “There is no evidence that the era of very low…
By Pete Schroeder WASHINGTON (Reuters) – U.S. Senator Elizabeth Warren is questioning federal bank regulators on their decision to sell First Republic Bank to the nation’s largest bank, JP Morgan Chase. In a letter sent to the Office of the Comptroller of the Currency and Federal Deposit Insurance Corporation Wednesday, Warren said the deal was…
By Eric Cox and Ted Hesson CHICAGO (Reuters) -Chicago’s new mayor is grappling with how to house hundreds of migrants arriving on buses from the U.S.-Mexico border, with some sleeping in police stations and shelters strained after border crossings rose earlier this month. Officials in the third-largest U.S. city have said they cannot afford to…
By Mike Scarcella (Reuters) – Simmons Bedding Company LLC has been sued by a consumer who accused the company of selling bedding and linens that falsely inflated their “thread count,” duping buyers over the purported higher quality and durability of the products. The lawsuit filed on Wednesday in a California federal court alleged certain Simmons…
