By Raghav Mahobe and Mariam Sunny (Reuters) -Advisers to the U.S. Food and Drug Administration on Thursday backed the safety and effectiveness of Pfizer Inc’s experimental respiratory syncytial virus (RSV) vaccine, boosting its chances of becoming the first available maternal shot to protect babies from the illness. The FDA’s advisory committee voted unanimously that available…
By Casey Hall SHANGHAI (Reuters) – Billionaire Richard Liu, founder of one of China’s largest e-commerce platforms JD.com, has settled a civil suit brought by former University of Michigan student Liu Jingyao, who had accused him of rape. The suit was part of a long-running legal battle between Richard Liu and Liu Jingyao, who was…
WASHINGTON (Reuters) – A group of 43 Republicans in the U.S. Senate said they oppose voting on a bill that only raises the U.S. debt ceiling without tackling other priorities, in a letter to Democratic Senate Majority Leader Chuck Schumer, showing they could block such a plan by Democrats. Citing an economy “in free fall,”…
(Reuters) – Merck & Co expects a research-and-development charge of about $10.3 billion, or $4 per share, this year as the drugmaker accounts its deal for Prometheus Biosciences Inc as an asset acquisition, CFO Caroline Litchfield said. The deal is expected to hit Merck’s profit by 25 cents per share in the first 12 months,…
By Brendan O’Brien (Reuters) -A federal jury on Thursday decided that Robert Bowers was eligible for the death penalty for killing 11 worshippers at Pittsburgh’s Tree of Life synagogue in 2018, the deadliest antisemitic attack in U.S. history, local media reported. Last month, the jury found Bowers, 50, guilty of dozens of federal hate crimes…
(Reuters) – Companies across the United States are revising their back-to-office plans, driven by rising uncertainty around the Omicron COVID-19 variant that has pushed up infections to record levels in the world’s biggest economy. U.S. financial firms were among the first to encourage employees to return to offices, but rising cases have forced most of…
By Rajesh Kumar Singh and Kannaki Deka CHICAGO (Reuters) – JetBlue Airways on Tuesday slashed its full-year profit forecast, citing a hit from the termination of its alliance with American Airlines and a shift in travel demand away from domestic trips to long-haul international destinations. The New-York based carrier said its operations are also suffering…
By Ross Kerber (Reuters) – Top proxy adviser Institutional Shareholder Services on Tuesday recommended investors cast proxy votes against the pay of Wells Fargo & Co Chief Executive Charles Scharf and other leaders, citing concerns about the discretion used to award the pay and lack of disclosures. In a report provided by a representative, ISS…
(Corrects to paraphrase paragraph 8 comments) By Vidya Ranganathan SINGAPORE (Reuters) – As the Bank of Japan steps into currency markets for the first time in decades to defend a battered yen, it is running into numerous obstacles, chiefly its own stubborn commitment to ultra-easy monetary settings. Thursday’s sudden burst of yen-buying intervention by Japanese…
By Hannah Lang and Pete Schroeder (Reuters) – In the United States and many other countries, the government guarantees a certain amount of each customer’s deposits in the event of a bank failure, to protect both consumers and the broader financial system. With the collapse of Silicon Valley Bank and Signature Bank and the U.S….
