By Deena Beasley The U.S. Food and Drug Administration on Thursday granted standard approval to Eisai and Biogen’s Leqembi for patients with Alzheimer’s disease. The FDA decision is expected to trigger broader coverage of the $26,500-a-year drug by the U.S. government’s Medicare health plan for people aged 65 and older. Leqembi was granted “accelerated” FDA…
WASHINGTON (Reuters) -President Joe Biden’s administration did not sanction or support secret meetings that former top U.S. national security officials held with Russian Foreign Minister Sergei Lavrov and other Russians on potential talks to end the Ukraine war, the White House and State Department said on Thursday. NBC News reported that the former U.S. officials…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian markets are set for a torrid end to the week on Friday as another spike up in U.S. bond yields and the prospect of interest rates being kept higher for longer triggered waves of…
(Corrects grammar in first paragraph) By Katie Paul NEW YORK (Reuters) -Meta Platforms on Wednesday launched a direct challenge to Twitter with Threads, garnering millions of users in hours as it sought to take advantage of its rival’s much-weakened state after a series of chaotic decisions from owner Elon Musk. Those quick to join the…
By Rajesh Kumar Singh and Diane Bartz CHICAGO/WASHINGTON (Reuters) – JetBlue Airways’ decision to abandon its alliance with American Airlines has improved its chances in the trial over a $3.8 billion deal to buy Spirit Airlines, but may not be enough to hand it a victory, antitrust experts said. In its lawsuit filed in March…
By Jonathan Stempel (Reuters) – A federal judge said Rivian Automotive must face a lawsuit claiming it defrauded shareholders during and after its blockbuster 2021 initial public offering by concealing that had underpriced its electric vehicles, leading to unpopular price hikes. U.S. District Judge Josephine Staton in Los Angeles said shareholders could try to prove…
By Hannah Lang (Reuters) – Time is running out for Digital Currency Group to agree on a deal to restructure its bankrupt crypto lending unit Genesis after its largest creditor Gemini – the crypto company founded by the Winklevoss twins – set Thursday afternoon as the final deadline before the company pursues litigation. The lending…
By David Shepardson WASHINGTON (Reuters) -U.S. auto safety regulators said on Thursday they are seeking updated responses and current data for an ongoing probe into 830,000 Tesla vehicles and the automaker’s advanced driver assistance system Autopilot. The National Highway Traffic Safety Administration (NHTSA) sent Tesla a letter on July 3 seeking updates to questions it…
(Reuters) -AbbVie Inc cut its full-year profit forecast on Thursday, citing $280 million in milestone and in-process research and development expenses during the second quarter. The company now expects adjusted profit between $10.57 and $10.97 per share, compared with $10.72 to $11.12 it previously expected. Analysts on average were expecting full-year earnings of $10.97 per…
By Mike Stone WASHINGTON (Reuters) -The United States plans to send cluster munitions to Ukraine to help it battle Russian invaders, U.S. officials said on Thursday, a move opposed by human rights groups but which would provide a powerful new element to Ukraine’s counteroffensive A weapons aid package that includes cluster munitions fired by a…
