By Patrick Wingrove and Michael Erman (Reuters) – Four pharmaceutical companies involved in the first U.S. negotiations over prices for the Medicare program said they do not expect a significant[...]
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July 29, 2024
Smucker seeks to divest cookie brand Voortman, sources say
By Abigail Summerville NEW YORK (Reuters) – J.M. Smucker, known primarily for its jams and jellies, is exploring a sale of Voortman Bakery in a deal that could value the cookie and wafer brand a[...]
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Morning bid: The waiting game ahead of Fed, BOJ
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Stocks around the world on Monday continued from where they left off on Friday, stemming the tide of last week’s sel[...]
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World stocks gain, US yields fall at start of jam-packed week
By Chris Prentice and Wayne Cole NEW YORK/SYDNEY (Reuters) -Global stocks advanced and longer-dated U.S. yields slipped on Monday, at the start of a week jammed with earnings and a trio of central ban[...]
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German antitrust body gives green light to VW-Rivian joint venture
BERLIN (Reuters) – Germany’s Volkswagen and U.S electric car maker Rivian Automotive may form a joint venture, the German competition authority said on Monday. There are “no serious[...]
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Chesapeake posts quarterly loss on output drop, lower gas prices
(Reuters) -Natural gas producer Chesapeake Energy on Monday reported a loss for the second quarter, compared to a year-ago profit, as production declined and prices remained under pressure. Total aver[...]
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Fed likely to hold rates steady one last time as inflation fight finale unfolds
By Howard Schneider WASHINGTON (Reuters) – The Federal Reserve is expected to hold interest rates steady at a two-day policy meeting this week but open the door to interest rate cuts as soon as[...]
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US-listed crypto stocks retreat following Trump-fueled spike
By Niket Nishant (Reuters) -Shares of New York-listed crypto firms fell on Monday as bitcoin dipped after breaching the $70,000-mark for the first time since mid-June. The sell-off erased gains from e[...]
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Dollar trades sideways as markets wait for central bank, economic news
By Alden Bentley, Harry Robertson and Kevin Buckland NEW YORK/LONDON/TOKYO (Reuters) -The dollar held steady on Monday as traders braced for an avalanche of market events featuring midweek policy deci[...]
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