By Manas Mishra and Patrick Wingrove (Reuters) – Drugmakers including Merck & Co, AstraZeneca Plc and AbbVie Inc said on Thursday they are open to acquisitions and reported a ramp up in research and development spending as the industry’s larger players look for new sources of future revenue. Several top drugs such as AbbVie flagship…
By Laura Sanicola (Reuters) – Marathon Petroleum will pay a $27.5 million penalty and surrender emissions trading credits after the operator of the Martinez, California, plant violated a legal agreement requiring it to lower pollution levels, the U.S. Department of Justice said on Thursday. Tesoro Refining and Marketing failed to limit nitrous oxides emissions (NOx)…
By Adriana Barrera MEXICO CITY (Reuters) – Trade consultations requested by the United States on Mexico’s plan to limit the use of genetically modified corn are an “unacceptable violation” of Mexican law and feed the interests of seed “oligopolies,” a top Mexican official said on Thursday. The United States, Mexico’s main trading partner, requested the…
By Jack Queen and Jonathan Stempel NEW YORK (Reuters) -E. Jean Carroll, a writer accusing Donald Trump of raping her in the mid-1990s, pushed back during a cross-examination on Thursday, exclaiming: “He raped me whether I screamed or not.” Asked by Trump’s lawyer why she did not scream during the alleged attack, Carroll said she…
By Dietrich Knauth (Reuters) – Defunct talc supplier Whittaker, Clark & Daniels has filed for Chapter 11 bankruptcy, citing on Thursday a “deluge” of lawsuits alleging that its talc products caused asbestos exposure and cancer. Whittaker operated one of the largest talc and industrial compound supply and distribution businesses in the U.S. in the 1970s…
By Brad Brooks (Reuters) -A white woman whose discredited accusations against Black teenager Emmett Till led to his lynching in 1955 has died in Louisiana, according to a coroner’s report. Till’s murder in Mississippi helped ignite the Civil Rights movement, in part because his mother held an open-casket funeral, with a photo of her son’s…
By Sinéad Carew, Sruthi Shankar and Ankika Biswas (Reuters) – The tech-heavy Nasdaq led a Wall Street rally on Thursday as a strong quarterly report from Facebook parent Meta Platforms Inc overshadowed concerns over slowing U.S. economic growth. Shares in Meta closed up 13.9% after touching their highest level in more than a year after…
By Sheila Dang (Reuters) -Snap Inc on Thursday missed analyst expectations for quarterly revenue as changes to its advertising platform hurt demand for ads, and warned results in the next quarter could fall below Wall Street’s targets. Shares of Snap tumbled 19% in after-market trading. The Santa Monica, California-based company, which owns photo messaging app…
By Luc Cohen NEW YORK (Reuters) – A former chief financial officer of multiple special purpose acquisition companies (SPACs) was sentenced to three years in prison on Thursday for embezzling more than $5 million from them, and losing almost all of it trading meme stocks and cryptocurrencies. Cooper Morgenthau, 36, of Fernandina Beach, Florida, pleaded…
WASHINGTON (Reuters) – The Senate Judiciary Committee called on U.S. Supreme Court Justice John Roberts to provide details about the top court’s ethics practices, the panel’s chairman said on Thursday after the chief justice declined to attend a hearing on reports that raised questions about potential conflicts of interest. Roberts has declined a request to…
