By Kevin Yao, Joe Cash and Ellen Zhang BEIJING (Reuters) – The last day of U.S. Secretary Janet Yellen’s trip to China coincided with the strongest retort yet from Beijing officials over h[...]
Read moreApril 10, 2024
Airbus facing upfront costs to support jet output increase
By Tim Hepher (Reuters) -Airbus is incurring up-front costs as it prepares for higher jet production and plans a breathing space to absorb them once it reaches its output goal, its finance chief said[...]
Read moreUS accuses Regeneron of fraudulent price reporting for eye drug
By Nate Raymond and Dan Whitcomb BOSTON (Reuters) -The U.S. Justice Department on Wednesday accused Regeneron Pharmaceuticals of manipulating Medicare’s drug-pricing process by inflating the ave[...]
Read moreApple’s New Jersey store workers file petition for unionization
(Reuters) – Workers at Apple’s store in Short Hills, New Jersey, have filed for union representation, a staff member who is part of the organizing committee said on Wednesday amid a push f[...]
Read moreWall St ends sharply lower as sticky inflation dims rate cut hopes
By Stephen Culp NEW YORK (Reuters) -U.S. stocks tumbled to a lower close on Wednesday after hotter-than-expected inflation data threw cold water on hopes that the Federal Reserve would begin cutting i[...]
Read moreU.S. Department of Justice opens probe into Nippon Steel’s U.S. Steel deal, Politico reports
(Reuters) -The U.S. Department of Justice has opened an in-depth antitrust investigation into Nippon Steel’s $14.1 billion takeover of U.S. Steel, the Politico reported on Wednesday citing two p[...]
Read moreVertex Pharma bets on kidney disease treatment with $4.9 billion Alpine Immune deal
(Reuters) -Vertex Pharmaceuticals will buy Alpine Immune Sciences for about $4.9 billion in cash, gaining access to the biotech firm’s treatment for an autoimmune disease of the kidney, the comp[...]
Read moreMorning Bid: US inflation shock zaps yen, China CPI up next
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Asia’s equity and bond markets on Thursday get their first chance to react to Wednesday’s sizzling U.S. inflat[...]
Read moreAs US bank profits drop, focus shifts to interest income outlook
By Nupur Anand NEW YORK (Reuters) -As U.S. banking giants prepare to report slightly lower first-quarter profits, investors will focus on how much more income executives expect from interest payments[...]
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