OTTAWA (Reuters) – The Canadian government, under pressure over images showing asylum seekers sleeping on the streets of Toronto, on Tuesday said it would give the city an extra C$97 million ($73.6 million) to help meet the demand for housing. The money is part of a C$212 million ($160.9 million) one-time injection to help major…
By Lisa Richwine LOS ANGELES (Reuters) – Major film and television studios offered Hollywood actors more than $1 billion in higher compensation and enhanced benefits before the SAG-AFTRA union called a strike last week, a group that represents media companies said on Monday. The Alliance of Motion Picture and Television Producers (AMPTP), which negotiates on…
(Reuters) – Warner Music Group, the record label conglomerate behind artists such as Radiohead, AC/DC and Madonna, has signed a licensing deal with Chinese short-video app TikTok to boost its social media revenues. The multi-year deal will help Warner Music’s artists and songwriters unlock new revenue and marketing opportunities from TikTok’s more than 1 billion…
(Reuters) -U.S. drugmaker Pfizer and venture firm Flagship Pioneering on Tuesday said they would invest $100 million together to develop up to 10 new potential drugs for areas including internal medicine, oncology, infectious diseases and immunology. Flagship, which has incubated biotech companies, most famously Moderna Inc , and Pfizer will each invest $50 million. Flagship’s…
ODESA, Ukraine (Reuters) – U.S. aid chief Samantha Power on Tuesday pledged $250 million in new funding to help Ukrainian farmers reeling from blocked Black Sea grain shipments since Russia’s invasion last year. Moscow on Monday pulled out of a U.N.-brokered deal allowing the safe passage of Ukrainian grain through the Black Sea in a…
WASHINGTON (Reuters) – The Biden administration is confident about reaching a strategic agreement with the Marshall Islands, the State Department’s senior official for East Asia and the Pacific told Congress on Tuesday. The Pacific nation’s foreign minister last week called for more U.S. money to deal with the legacy of massive U.S. nuclear testing to…
(Reuters) -U.S. brokerage firm Charles Schwab reported a smaller-than-expected drop in second-quarter profit on Tuesday as a jump in asset management fees helped soften the hit from a decline in interest revenue. The company’s shares rose as much as 14% to $66.95, highest in over four months. Charles Schwab relies primarily on clients’ uninvested cash…
WASHINGTON (Reuters) – President Joe Biden will literally keep his re-election campaign headquarters close to home – Wilmington, Delaware, that is. Biden’s 2024 campaign team announced on Tuesday that the campaign apparatus will be headquartered in Wilmington, the Delaware city where the president has lived for decades. “My family’s values, my eternal optimism and my…
By Nupur Anand NEW YORK (Reuters) – U.S. consumers are still keeping up with their loan payments despite rising costs and a worsening economic outlook, according to executives at the largest U.S. lenders. While some borrowers whose finances stayed resilient during the pandemic are starting to fall behind on their loan payments, top bankers said….
By Valerie Volcovici BEIJING (Reuters) -China and the United States could use climate cooperation to redefine their troubled relationship and lead the way in tackling global warming, U.S. climate envoy John Kerry told senior Chinese officials on Tuesday. Kerry’s three-day visit to China aimed at reviving climate cooperation between the world’s top greenhouse gas emitters…