By Richard Cowan WASHINGTON (Reuters) -The U.S. House of Representatives on Thursday approved Republican legislation intended to stop immigrants and illegal drugs crossing the nation’s southwestern border with Mexico, leaving it to the Senate to attempt a broader, bipartisan immigration bill. The package, which Democrats have warned will be blocked in the Senate, would set…
(Reuters) – Walgreens Boots Alliance, one of the largest U.S. pharmacies, said on Thursday it has sold some of its shares in drug distributor AmerisourceBergen Corp for $694 million and will primarily use the proceeds to pay down debt. AmerisourceBergen will repurchase about $50 million of its common stock from Walgreens in this transaction, the…
By Ted Hesson (Reuters) – The United States is set to lift COVID-19 restrictions on Thursday night, known as Title 42, which have been in place for three years and allow border agents to quickly expel many migrants caught crossing the border back to Mexico. Immigration processing will revert to a pre-existing system, known as…
(Reuters) – U.S. Deputy Secretary for State Wendy Sherman is expected to leave her post in the summer, CNN reported on Thursday, citing people familiar with the matter. Her replacement is not known, CNN reported. It gave no reason for the change. Sherman, a foreign policy veteran, has been in the role since April 2021…
By Jarrett Renshaw and Jeff Mason WASHINGTON (Reuters) – A debt limit meeting between U.S. President Joe Biden and top lawmakers that had been scheduled for Friday has been postponed, and the leaders agreed to meet early next week, a White House spokesperson said on Thursday. Aides from both sides have started to discuss ways…
(Reuters) – U.S. Treasury Secretary Janet Yellen will discuss the impasse over raising the government debt ceiling with board members of the Bank Policy Institute lobby group next week, a senior Treasury official told Reuters. Yellen’s meeting with the board – which includes the chief executives of JP Morgan, Jamie Dimon, and of Citigroup’s, Jane…
TAIPEI (Reuters) – Shares of Foxconn fell more than 2% on Friday after the Apple Inc supplier’s quarterly profit missed forecasts and it cited a big writedown from its stake in Japan’s Sharp Corp for the loss. The stock of Foxconn, the world’s largest contract electronics maker, slid 2.4% in early trade, while Sharp’s shares…
By Jonathan Stempel NEW YORK (Reuters) – A federal judge on Thursday rejected an effort to disqualify the law firm defending JPMorgan Chase & Co against a lawsuit by women who claim they were abused by Jeffrey Epstein and that the bank aided in the late financier’s sex trafficking. U.S. District Judge Jed Rakoff in…
By Daniel Trotta and Jorge Garcia SAN DIEGO (Reuters) – Hundreds of migrants from around the world seeking a better life in the United States have instead found themselves trapped in squalid conditions near the Mexican border, tantalizingly close to their destination, and desperate. On the eve of the expiration of Title 42, the COVID-era…
By Sarupya Ganguly BENGALURU (Reuters) – U.S. Treasury yields will rise significantly over the coming month, according to analysts polled by Reuters who were split over whether the risk of a U.S. default was higher or the same as prior stand-offs over the debt ceiling. President Joe Biden and top lawmakers in Congress have about…
