By Ahmed Aboulenein and Jody Godoy WASHINGTON (Reuters) -The consolidation of pharmacies and health insurance companies through years of dealmaking has led to a handful of pharmacy benefit managers ex[...]
Read moreJuly 9, 2024
Deja-vu? In Olympics push, France ramps up war on fakes
By Helen Reid, Layli Foroudi and Mimosa Spencer PARIS (Reuters) – In the touristy Saint-Ouen flea market, not far from the Stade de France where athletes will compete in this summer’s Pari[...]
Read moreExclusive-Fed considers rule tweak that could save biggest US banks billions in capital
By Pete Schroeder WASHINGTON (Reuters) -The U.S. Federal Reserve is considering a rule change that could save the country’s eight largest banks combined billions of dollars in capital, in a pote[...]
Read moreDollar gains as Fed’s Powell cautious on rate cuts
By Karen Brettell (Reuters) -The dollar gained on Tuesday after Federal Reserve Chair Jerome Powell acknowledged progress in inflation and a cooling job market, but did not give a clear signal that th[...]
Read moreUS bank profits face pressure from lower interest payments, higher credit losses
By Saeed Azhar and Niket Nishant NEW YORK (Reuters) – Some of the largest U.S. banks will probably report weaker profits for the second quarter as they earn less from interest payments and set a[...]
Read moreOil prices fall more than 1% after US crude hub escapes serious damage from Beryl
By Laila Kearney NEW YORK (Reuters) -Oil prices eased more than 1% on Tuesday after traders learned that prolonged supply disruptions from Hurricane Beryl were unlikely after a U.S. oil-producing hub[...]
Read moreGlobal regulators tighten rules on banks outsourcing services
By Huw Jones LONDON (Reuters) – Board directors of banks must take ultimate responsibility for outsourced services and document how they manage the risk of outages and disruptions to customer se[...]
Read morePowell: ‘Essential’ that bank regulators re-propose Basel plan
By Pete Schroeder (Reuters) – U.S. Federal Reserve Chair Jerome Powell said on Tuesday that it is the “strongly held” view of the Fed board that bank regulators should seek additiona[...]
Read moreWall Street analysts bullish on genetic testing firm Tempus AI
(Reuters) -Wall Street brokerages started covering SoftBank Group-backed Tempus AI on a bullish note on Tuesday, betting that the company’s AI-powered library of clinical and molecular data coul[...]
Read more