By Deena Beasley (Reuters) – Pharmaceutical companies last year launched new U.S. drugs at prices 35% higher than in 2022, reflecting in part the industry’s embrace of expensive therapies[...]
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February 23, 2024
EV maker Lotus Tech closes up modestly in Nasdaq debut after SPAC merger
By Echo Wang and Lance Tupper NEW YORK (Reuters) -Shares of Lotus Technology closed up 2% in their Nasdaq debut on Friday, recouping earlier losses, after the luxury electric car maker completed its m[...]
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Japan takes Taiwan’s helping hand on long road to chip revival
By Sam Nussey and Miho Uranaka TOKYO (Reuters) -Chipmaker TSMC formally opens its first Japanese plant on Saturday, highlighting the Taiwanese firm’s critical role in Tokyo’s multi-billion[...]
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Judge approves Binance $4.3 billion guilty plea as US seeks to modify founder Zhao’s bond
By Jonathan Stempel (Reuters) – A U.S. judge on Friday accepted Binance’s guilty plea and more than $4.3 billion penalty for violating federal anti-money laundering and sanctions laws thro[...]
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Air Canada to cap fares, increase capacity to take on Lynx Air fliers
(Reuters) – Air Canada said on Friday that it will cap fares and add more than 6,000 seats in some markets operated by Lynx Air in light of the imminent suspension of operations by the troubled[...]
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SPDR S&P 500 ETF tops record $500 billion in assets as Nvidia soars
By Suzanne McGee (Reuters) – A staggering rise in shares of chipmaker Nvidia helped the SPDR S&P 500 ETF Trust become the first exchange traded fund to top $500 billion in assets, market par[...]
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China’s woes won’t slow US economy, but excess capacity a concern, says Treasury’s Adeyemo
By David Lawder (Reuters) -U.S. Deputy Treasury Secretary Wally Adeyemo said on Friday that he is concerned about China’s excess manufacturing capacity spilling over to the global economy, even[...]
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MGM Resorts says regulators probing September cyberattack
(Reuters) -MGM Resorts International disclosed that state and federal regulators were probing a cyberattack on its systems that took place in September and caused a $100 million hit to the company[...]
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H&R Block accused of deceptive marketing over ads for free tax-filing
By David Shepardson and Jasper Ward WASHINGTON (Reuters) -The U.S. Federal Trade Commission said Friday it filed a complaint accusing H&R Block of deceptively marketing its online tax-filing softw[...]
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