(Reuters) -Eli Lilly’s treatment for early Alzheimer’s is expected to be blocked for use by Britain’s National Health Service (NHS), the Telegraph reported on Friday. The drug donane[...]
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August 23, 2024
Wall Street ends sharply higher as Powell cements September rate cut hopes
By Stephen Culp NEW YORK (Reuters) -U.S. stocks rallied on Friday as dovish remarks from U.S. Federal Reserve Chair Jerome Powell solidified expectations that the central bank will cut its key policy[...]
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US new home sales rise to highest level in more than a year
(Reuters) -Sales of new U.S. single-family homes rose to their highest level in more than a year in July as a drop in mortgage rates boosted demand, offering more evidence that the housing market is r[...]
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IMF’s Gourinchas says right for US to cut rates though inflation risk not gone
By Howard Schneider JACKSON HOLE, Wyoming (Reuters) – The imminent rate cuts planned by the U.S. Federal Reserve are “in line” with International Monetary Fund advice that has put a[...]
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Norfolk Southern reaches agreements with four labor unions
(Reuters) -Norfolk Southern, in partnership with BNSF Railway, said on Friday it has reached tentative, five-year collective bargaining agreements with four labor unions. The agreements provide a 3.5%[...]
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Bronfman’s Paramount bid could keep Shari Redstone involved, CNBC reports
(Reuters) -Former U.S. media executive Edgar Bronfman Jr. is open to Shari Redstone remaining involved with Paramount Global if its special committee accepts his consortium’s bid for the company[...]
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Dollar falls after Powell greenlights September easing
By Alden Bentley NEW YORK (Reuters) -The dollar fell and sterling rose to its highest in more than two years on Friday after Federal Reserve Chair Jerome Powell gave an unambiguous signal that the lon[...]
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Analysis-Powell’s Fed not shy about election-year cuts, ready to defend job market
By Howard Schneider JACKSON HOLE, Wyoming (Reuters) – Federal Reserve Chair Jerome Powell made it clear on Friday the U.S. central bank would not shy away from pivoting to interest rate cuts in[...]
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Fed’s Powell, in policy shift, says ‘time has come’ to cut rates
By Howard Schneider and Ann Saphir JACKSON HOLE, Wyoming (Reuters) -Federal Reserve Chair Jerome Powell on Friday endorsed an imminent start to interest rate cuts, saying further cooling in the job ma[...]
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