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Jerome Powell: Steering the US Fed through COVID-19 and political pressures
Trump’s aggressive push for interest rate cuts shaped Powell’s Fed legacy during his tumultuous leadership.
Anthropic, Gates Foundation launch $200 million partnership for AI in health, education
Anthropic and the Gates Foundation have pledged $200 million to back artificial intelligence-related public goods and areas including health and education, they said on Thursday.
Anthropic, Gates Foundation launch $200 million partnership for AI in health, education
SAN FRANCISCO, May 14 (Reuters) - Anthropic and the Gates Foundation have pledged $200 million to back artificial intelligence-related public goods and areas including health and education, they said on Thursday. Support from Anthropic's technical staff and usage credits for its Claude AI will account for its half of the financial commitment, while the Bill Gates co-founded Gates Foundation will provide grant funding, program design and expertise, officials told Reuters.
US business inventories post biggest gain in nearly four years in March
business inventories increased by the most in nearly four years in March, boosted by stocks at wholesalers, government data showed on Thursday.9%, the largest gain since June 2022, after climbing 0.
Scientists dig up Southeast Asia's largest dinosaur in Thailand
Along a meandering river in a warm and arid region that is now Thailand roughly 113 million years ago, a plant-eating behemoth almost 90 feet (27 meters) long browsed on the treetops without much fear of predators due to its sheer size. This was Nagatitan chaiyaphumensis, the largest-known dinosaur from Southeast Asia.
Pound dips as political crisis engulfs Britain
The pound dropped on Thursday, as a political crisis in the UK escalated with the resignation of health minister Wes Streeting turning up the heat on Prime Minister Keir Starmer.
UK health minister Wes Streeting resigns
British health minister Wes Streeting resigned from government on Thursday, saying he had lost confidence in Prime Minister Keir Starmer's leadership.
UK opens antitrust probe into Microsoft's business software
Britain on Thursday launched an antitrust investigation into Microsoft's dominance in business software that could lead to targeted action if the U.S. company is found to have "strategic market status" in the sector.
Mapping the Market: UK politics risks dragging down the pound
UK political turbulence has pushed sterling to price levels that technical analysts expect could lead to a new round of losses.
Meta Challenges New Mexico's $3.7 Billion Plan for Teen Mental Health in Social Media Trial
By Diana Novak Jones May 13 (Reuters) - A lawyer for Meta Platforms on Wednesday argued that New Mexico's $3.7 billion proposal to address teen mental health harms goes too far, saying it would force the company to pay for mental health care for all of the state's teenagers and not just those it ...
Ford stock surges 13% on investor optimism for new energy storage business
Investor support for Ford Motor's energy storage business sent its stock soaring 13% Wednesday, the biggest single-day increase in about six years, following a note from Morgan Stanley highlighting details released by the company on Monday. Ford announced its wholly-owned energy subsidiary late last year, and it is being directed by Lisa Drake, who has been a key leader in the company's efforts around electric vehicles.
Ford stock surges 13% on investor optimism for new energy storage business
Investor support for Ford Motor's energy storage business sent its stock soaring 13% Wednesday, the biggest single-day increase in about six years, following a note from Morgan Stanley highlighting details released by the company on Monday. Ford announced its wholly-owned energy subsidiary late last year, and it is being directed by Lisa Drake, who has been a key leader in the company's efforts around electric vehicles. • After a $19.5 billion writedown on its EV programs in December, Ford announced it would launch an energy storage business, utilizing plant space in Kentucky that was previously meant to produce batteries for electric vehicles.
Meta to launch 'Incognito Chat' for private AI conversations on WhatsApp
Meta Platforms is rolling out a new "Incognito Chat" feature for its artificial intelligence assistant on WhatsApp messaging service, the company said on Wednesday, as it looks to address data privacy concerns.
Exclusive: US halting Medicare enrollments for new home healthcare and hospice providers
The Trump administration will temporarily block new home health and hospice providers on Wednesday from enrolling in Medicare, a senior administration official said, citing concerns about widespread fraud.
Exclusive-US Halting Medicare Enrollments for New Home Healthcare and Hospice Providers
By Jody Godoy May 13 (Reuters) - The Trump administration will temporarily block new home health and hospice providers on Wednesday from enrolling in Medicare, a senior administration official said, citing concerns about widespread fraud. The nationwide moratorium is the latest move by Vice ...
UK health minister Streeting preparing to resign, Times says
Britain's health minister Wes Streeting is preparing to resign and could quit as early as Thursday, the Times reported on Wednesday, adding that he is likely to mount a formal challenge for the party leadership.
Indian capital opposes Pernod's liquor plea, firm says business 'hopelessly fettered'
Regulators in India's capital are seeking to strike down French giant Pernod Ricard's fresh court challenge against rejection of its city liquor licence, which the company says has left its business "hopelessly fettered" for three years, documents show.
FDA commissioner Makary is resigning, sources say
U.S. Food and Drug Commissioner Marty Makary plans to resign on Tuesday, according to two sources familiar with the situation, the latest leadership change at the federal health department which comes after weeks of public speculation and a mounting pressure campaign.
PayPal pays $30 million to settle DOJ probe over 'DEI' investment program
PayPal agreed to pay $30 million to settle a U.S. probe over an investment program created for black and minority-owned businesses that was "unlawful" and "discriminatory," the U.S. Department of Justice said in a statement on Tuesday.
US CEOs seek China business gains from Trump-Xi summit
More than a dozen CEOs and top executives will accompany Trump on his visit.
Sterling drops as markets watch UK politics, PM Starmer's future
Sterling slid against the dollar and the euro on Tuesday as markets kept a close watch on political developments, amid growing concern that British Prime Minister Keir Starmer could step down.
Australia business confidence shaken as costs climb, survey shows
SYDNEY, May 12 (Reuters) - Australian business confidence remained mired in gloom in April, a survey showed on Tuesday, as spiking energy costs from the Middle East war squeezed profit margins and
Australia business confidence shaken as costs climb, survey shows
Australian business confidence remained mired in gloom in April, a survey showed on Tuesday, as spiking energy costs from the Middle East war squeezed profit margins and pressured investment plans.
How to make the ROI business case for direct tax automation
Discover the ROI of automated direct tax software. Learn how to build a compelling business case with measurable financial benefits and strategic advantages.
US scientists warn that termination of National Science Board hurts ability to compete with China
WASHINGTON, May 11 (Reuters) - More than 2,000 scientists warned the U. Congress in a letter on Monday that the termination of the entire National Science Board by the Trump administration hurts U.
US scientists warn that termination of National Science Board hurts ability to compete with China
More than 2,000 scientists warned the U.S. Congress in a letter on Monday that the termination of the entire National Science Board by the Trump administration hurts U.S. ability to compete with rivals like China.
Hims & Hers raises 2026 revenue forecast on strong demand for personalized care
Hims & Hers Health raised its 2026 revenue forecast on Monday, betting on increased sales for its personalized healthcare offerings.
India’s Zee Entertainment sues Reliance-Disney venture JioStar over alleged music copyright
Reuters reported that Zee is seeking $3M in damages over the alleged unauthorized use of its music…
Ambani's Jio Platforms IPO pivots to pure fundraising, no investor exits, sources say
Mukesh Ambani's Reliance Jio Platforms has pivoted to a pure fundraising for its planned Mumbai listing, selling a 2.5% stake in the offering and dropping earlier plans that would have allowed some shareholders to exit, two sources said.
China's April car sales drop for seventh month
China's car sales fell again in April, with local automakers increasingly targeting overseas markets to offset intense competition at home where a push toward higher-end models has yet to reverse the broader slowdown.
Share futures ease, dollar gains as Gulf talks teeter
Share futures slipped and the dollar climbed in Asia on Monday on signs that talks between the United States and Iran were deadlocked, leaving the vital Strait of Hormuz all but shut and sending oil prices higher.
Oil jumps as US and Iran fail to reach agreement on peace proposal
Oil prices jumped $3 a barrel on Monday as the United States and Iran failed to agree to a peace proposal drafted by Washington while the Strait of Hormuz remained largely closed, keeping global energy supply tight.
UK's Starmer launches political fightback, putting Europe ties at heart of reset
British Prime Minister Keir Starmer will begin a political fightback on Monday in a speech that says rebuilding relations with the rest of Europe will be his government's defining mission, as he moves to quell growing calls to quit.
Armani could split 15% stake among L'Oreal, LVMH, EssilorLuxottica, report says
Italian fashion house Giorgio Armani is considering selling its 15% stake in three equal parts following the designer's death, potentially bringing in three buyers he had selected as shareholders, a newspaper reported on Sunday.
Cruise ship hit by hantavirus outbreak arrives in Tenerife
The cruise ship hit by a deadly hantavirus outbreak arrived early on Sunday near the Port of Granadilla in Tenerife, Reuters footage showed, where it will anchor for the evacuation of the passengers and some of the crew.
All passengers on hantavirus-hit ship considered high-risk contacts, EU health agency says
All passengers on the cruise ship hit by a deadly hantavirus outbreak are considered high-risk contacts as a precautionary measure, Europe's public health agency said ahead of the ship's expected anchoring on Sunday off the Spanish island of Tenerife.
Israeli strike kills seven in south Lebanon, Lebanese health ministry says
An Israeli strike on the southern Lebanese town of Saksakiyeh killed at least seven people, including a child, and wounded 15 on Saturday, Lebanon's health ministry said.
Israeli Strike Kills Seven in South Lebanon, Lebanese Health Ministry Says
BEIRUT, May 9 (Reuters) - An Israeli strike on the southern Lebanese town of Saksakiyeh killed at least seven people, including a child, and wounded 15 on Saturday, Lebanon's health ministry said. The Israeli military said it had struck Hezbollah militants in the town, accusing them of ...
Business Lookahead: Trump on Tour
STORY: From Trump's trip to China, to a slew of new U.S. data releases, these are the stories to watch in business and finance in the coming week. :: Trump goes to Beijing U.S. President Donald Trump visits Beijing on Thursday and Friday.It will be his first visit to China in eight years.He'll try to lock in the trade truce agreed to in October in South Korea, and avoid a rerun of the tit-for-tat tariff battle that he set off a year ago.Fresh trade data should offer a reality check on whether a protectionist White House has managed to dent Americans' appetite for Chinese-made goods.:: Saudi Aramco posts resultsThe world's biggest exporter of crude oil, Saudi Aramco, reports first-quarter results on Sunday.The numbers are expected to show the pain from the more than two-month-old Iran war.This comes as efforts to end the conflict appeared to stall after the U.S. and Iran traded fire in recent days, with some of the biggest flare-ups in fighting in and around the Strait of Hormuz since a ceasefire began a month ago.:: U.S. economic dataA bunch of new data should give a clearer view of inflation in the U.S.Tuesday's April consumer price index is expected to rise 0.6% according to a Reuters poll.Prices at the pump are likely to loom large in the numbers.Producer price data for April on Wednesday is another inflation checkpoint after the Fed’s last meeting exposed a more hawkish tilt among some policymakers who are increasingly uneasy about price pressures.And retail sales figures on Thursday should show whether higher gas prices and other costs are starting to bite into household spending.
Exclusive: Kennedy's health officials explored US ban of some widely used antidepressants, sources say
U.S. health department officials last week explored whether they could ban certain drugs in a widely prescribed class of antidepressants as Health Secretary Robert F. Kennedy Jr. prepared to roll out a plan to reduce their use, according to two people familiar with the discussions.
VIEW April jobs report shows continued strength
U.S. employment increased more than expected in April while the unemployment rate held steady at 4.3%, pointing to labor market resilience and reinforcing expectations that the Federal Reserve would leave interest rates unchanged for some time.
Sony forecasts lower gaming business sales amid memory price surge
By Sam Nussey TOKYO, May 8 (Reuters) - Sony forecast on Friday annual sales at its gaming business would fall 6% to 4.42 trillion yen ($28 billion) due to lower hardware sales as its PlayStation 5 ages and as the industry grapples with a surge in memory chip prices. The Japanese company, however, said it expects gaming profit to rise 30% due to higher first-party software sales and the absence
Porsche AG to cut over 500 jobs as it sharpens focus on core business
Porsche AG said on Friday that it planned to cut more than 500 jobs as it discontinues three subsidiaries to focus on core business.
Fed's Miran hopes Powell staying at Fed is transitional
Federal Reserve Governor Stephen Miran said on Friday that he hopes current central bank Chair Jerome Powell will stay on as a governor only for a short period of time.
SoftBank cuts target for OpenAI margin loan by 40% to $6 billion, Bloomberg News reports
SoftBank Group has downsized plans for a $10 billion margin loan backed by its OpenAI stake after hesitation from some creditors, Bloomberg News reported on Friday, citing people familiar with the matter said.
Russia's internet crackdown hobbles small businesses
Russian dogwear entrepreneur Natalia Kukovinets has had to switch messaging apps multiple times to stay in touch with customers, one of many web-dependent businesses struggling with the Kremlin's widening internet crackdown.
Russia's internet crackdown hobbles small businesses
Russian dogwear entrepreneur Natalia Kukovinets has had to switch messaging apps multiple times to stay in touch with customers, one of many web-dependent businesses struggling with the Kremlin's wide...
US job growth likely slowed in April as boost from temporary factors fades
U.S. job growth likely slowed in April as the boost from warmer weather and return of striking health workers faded, but that would not signal a material change in labor market conditions, with the unemployment rate expected to have held steady at 4.3%.
Sony forecasts 11% rise in annual profit but lower sales
Sony forecast on Friday its operating profit for the year ending March 2027 would rise 11% to 1.6 trillion yen ($10.20 billion), with higher profit but lower sales at its main gaming business.
War, energy and politics hamper Eastern Europe's efforts to keep deficits in check
The Romanian government's political implosion this week in a no-confidence vote has cast a shadow over a region grappling with rising debt, defence spending and energy costs that are unsettling investors and ratings agencies alike.
Is the FDA Really Suppressing Science? Plus. . .
It’s Thursday, May 7. This is The Front Page, your daily window into the world of The Free Press—and our take on the world at large. Today: Aaron MacLean says Trump is poised to snatch defeat from the jaws of victory in the Iran war. Joe Klein on the life of CNN founder Ted Turner. Jillian Lederman on why cruise ships are here to stay. And much more. But first: Is the FDA suppressing science? On Tuesday, The New York Times published a story with an alarming takeaway. “FDA Blocked Publication of Research Finding Covid and Shingles Vaccines Were Safe,” read the headline. It is the latest in a string of stories that all have the same message: The Food and Drug Administration (FDA), and other agencies, are engaged in a cover-up—and silencing scientists trying to get the word out about the Covid vaccine. What all these stories suggest—some more subtly than others—is that the outsiders now running the public health establishment, officials such as Marty Makary at the FDA and Jay Bhattacharya at the National Institutes of Health, are on a revenge tour. That they are doing harm to the country to get back at the scientists and bureaucrats who ostracized them for deviating from the public-health consensus during the pandemic. It’s a seductive narrative. But is it true? That’s the question we address in our latest editorial. —The Editors Read [ Marty Makary's FDA Has All the Right Enemies ](https://www.thefp.com/p/marty-makary-vaccine-study-fda) [ Trump Blinks First ](https://www.thefp.com/p/iran-peace-deal-pakistan-trump-strait-of-hormuz) Aaron MacLean In return for no detectable concessions, President Trump this week gave up on forcing open the Strait of Hormuz. Now, the Trump administration looks desperate for a deal to end the war with Iran. It’s easy to understand the desire to end the war, but are they blowing the chance at victory? Aaron MacLean makes sense of the administration’s latest moves—and Iran’s response—in his column today. Read full story Aaron MacLean and Niall Ferguson: Live in New York City Join Aaron MacLean and Niall Ferguson on May 19 for a live recording of School of War at the iconic New York Historical. In a conversation as timely as it is wide-ranging, Aaron and Niall will explore the strategic stakes of the moment, including the Middle East, China, and the future of American leadership on the global stage. Get Tickets Now [ Ted Turner, the Optimist Who Built CNN ](https://www.thefp.com/p/ted-turner-cnn-tribute) Joe Klein The man who gave us CNN and the 24-hour news cycle, Ted Turner, died Wednesday at the age of 87. Today, political writer Joe Klein—who almost ghostwrote Turner’s autobiography—remembers his friend, the American media mogul who stood out for his idealism and lack of a filter—something that got Turner in trouble more than once. “His was not a traditional intelligence, but one of horizon: Ted saw things before other people did,” Joe writes. Read full story [ Nothing Can Sink the Cruise Ship ](https://www.thefp.com/p/cruise-ship-hantavirus) Jillian Lederman A viral outbreak on a cruise ship that left three passengers dead has left some people wondering: Are cruise ships on the way out? Not so fast, says Jillian Lederman, who has been on many a cruise herself. Read her piece on why 38 million people a year take a cruise—and aren’t about to stop. Read full story [ The Great Writers Who Were Terrible People ](https://www.thefp.com/p/the-great-writers-who-were-terrible) Shilo Brooks Throughout history, some of the greatest literary geniuses have also been immoral bigots. In the latest episode of Old School, Shilo Brooks is joined by Eli Lake for a conversation about those geniuses, from Voltaire to Norman Mailer and Roald Dahl—and why we should read their work despite their odious prejudices. Listen on MORE FROM THE FREE PRESS [ Inside the Digital Intifada ](https://www.thefp.com/p/digital-intifada-social-media-hamas-terror) Warren Kinsella Read full story [ This Week in American History: Trump’s Over-Arching Problem ](https://www.thefp.com/p/this-week-in-american-history-trumps-over-arching-problem) Jonathan Horn Read full story [ Humanity Is Still Evolving—and Fast ](https://www.thefp.com/p/humanity-is-still-evolvingand-fast) Razib Khan Read full story THE NEWS Thirteen D.C. Metropolitan Police officers have been placed on administrative leave and could face termination after an internal investigation found evidence that crime statistics were manipulated to make the city look safer. The Republican-led House Oversight Committee previously alleged that former D.C. police chief Pamela Smith pressured officers to skew data. Tennessee Republicans unveiled a redrawn U.S. House map yesterday that would split up Memphis’s black-majority Democratic district, the latest move in a nationwide push to redraw congressional boundaries ahead of the midterms. The effort follows a Supreme Court ruling last week on Louisiana’s districts, which Tennessee House Speaker Cameron Sexton said gave states the green light to redraw maps along partisan lines. Israel struck Beirut for the first time since a ceasefire with Hezbollah took effect last month, saying it targeted a commander of the militant group’s elite Radwan force in the city’s southern suburbs. The strikes risk destabilizing that truce at a delicate moment, as Iran and the U.S. report progress toward a deal to resolve their own standoff. The U.S. Air Force is aiming for a Fourth of July delivery of a Boeing 747 gifted by Qatar, hoping to add it to the Air Force One fleet in time for the U.S.’s 250th anniversary, Reuters reported. (For more on the controversy surrounding the aircraft, read Jed Rubenfeld’s piece “It’s a Terrible Idea, but Trump Probably Can Accept a Free Jet from Qatar.”) Commerce Secretary Howard Lutnick testified privately before Congress that he has no memory of why he and his family dined on Jeffrey Epstein’s private island in 2012, according to Reuters. The admission contradicts Lutnick’s earlier claim that he had cut ties with the convicted sex offender well before that visit. Weeks before a former JPMorgan investment banker filed a lawsuit packed with explosive allegations, the bank reportedly offered him $1 million to settle his sexual assault and harassment claims, according to The Wall Street Journal. The suit, filed by Chirayu Rana, alleges he was sexually assaulted by a female colleague, subjected to racial discrimination, and forced into a degrading dynamic at work. JPMorgan says the claims lack merit, and the female colleague’s lawyers call the accusations fabricated. A new report from the Hartford Institute for Religion Research shows that, for the first time in roughly 20 years, church attendance is trending upward, with more people volunteering and clergy expressing renewed optimism. The study’s authors described the findings, based on a survey of more than 7,400 congregations, as showing signs of widespread recovery from low attendance numbers.
Britain's JD Sports says Nike's Hill 'doing a great job'
Nike CEO Elliott Hill got a vote of confidence from one of its largest customers, British sportswear retailer JD Sports , whose boss said on Thursday he was "doing a great job".
UniCredit reaches non-binding accord to sell parts of Russian business
Italian bank UniCredit said on Thursday that it had reached a non-binding accord to sell parts of its Russian subsidiary to a "well established private investor" in the United Arab Emirates.
Fake rumors, real killings: Inside Congo's deadly health misinformation crisis
In Tshopo, a northeastern Congolese province blanketed in rainforest, rumours rippled through villages late last year claiming a mysterious illness had caused men's genitals to atrophy.
Chief Justice Roberts laments public perception of US Supreme Court as 'political actors'
U.S. Chief Justice John Roberts expressed concern on Wednesday about the public perception of the Supreme Court as an institution driven primarily by political outcomes rather than the law at a time when some prominent voices have raised questions about the top U.S. judicial body's legitimacy.
Sun Life quarterly profit jumps on Asia business strength
Sun Life reported a jump in first-quarter profit on Wednesday, as the Canadian insurer benefited from strong gains in its Asia business.
Who is Zack Polanski, UK Greens leader and rising political star?
Polanski has been likened to New York's Zohran Mamdani for his popular blend of environmental and socialist policies.
Soccer-Help wanted: Fox Sports hiring 'World Cup Watcher' for $50,000
May 5 (Reuters) - Forget the status that comes with the corner office, the best job in America this summer will pay one individual $50,000 to watch all 104 World Cup soccer games.
Help wanted: Fox Sports hiring 'World Cup Watcher' for $50,000
Forget the status that comes with the corner office, the best job in America this summer will pay one individual $50,000 to watch all 104 World Cup soccer games.
Two hantavirus cases confirmed, five more suspected on stranded cruise ship
Among the seven cases, three people have died, one is critically ill and three have mild symptoms, the WHO says.
UnitedHealthcare removes prior approval requirements for 30% of healthcare services
UnitedHealth will eliminate prior approval requirements for 30% of healthcare services, its insurance unit said on Tuesday, further reducing delays and paperwork for patients and doctors.
German firms abroad grow more pessimistic as Iran war disrupts supply chains
German firms operating abroad have become more pessimistic about their prospects, with nearly one in three expecting economic conditions to worsen as the Iran war exposes vulnerabilities in global supply chains, a survey showed on Tuesday.
Intel appoints Qualcomm executive to lead PC and physical AI business
Intel said on Monday it had appointed Alex Katouzian to lead the company's PC and physical artificial intelligence unit.
Intel appoints Qualcomm executive to lead PC and physical AI business
Intel said on Monday it had appointed Alex Katouzian to lead the company's PC and physical artificial intelligence unit. The new role for Katouzian includes the company's crucial PC business, which has been one of the mainstays of Intel's revenue and profit for decades. Katouzian has worked at Qualcomm for more than 20 years and has worked extensively in the company's mobile chip unit, which makes processors for smartphones and other gadgets.
AP, Washington Post, Reuters and Minnesota Star Tribune among Pulitzer winners for 2025 work
The Washington Post won the Pulitzer Prize for public service for scrutinizing the Trump administration’s sweeping, choppy cuts and changes to federal agencies. The Associated Press won the 2026 Pulitzer
Zambia says US health deal must be uncoupled from minerals access
Zambia's government said on Monday that it opposed a U.S. attempt to tie health funding to access to critical minerals, giving details for the first time about why negotiations with Washington over two proposed agreements have stalled.
Zambia Says US Health Deal Must Be Uncoupled From Minerals Access
LUSAKA, May 4 (Reuters) - Zambia's government said on Monday that it opposed a U.S. attempt to tie health funding to access to critical minerals, giving details for the first time about why negotiations with Washington over two proposed agreements have stalled. Zambia's Foreign Minister ...
Lebanon's most senior Shi'ite politician says no to negotiations with Israel until war stops
Lebanon's parliament speaker, who is the most senior Shi'ite politician and a close ally of Hezbollah, said on Monday there could be no negotiations with Israel without a halt to the war that has raged on in southern Lebanon in spite of a ceasefire.
Tyson Foods profit beats estimates on strength in chicken business
Tyson Foods reported better-than-expected quarterly earnings on Monday, as rising chicken sales helped counter a sharp drop in demand for high-priced beef.
WHO says risk to public is low after suspected hantavirus outbreak hits ship
The World Health Organization said on Monday there was no need for panic and the risk to the public was low after three people died and three fell ill following a suspected outbreak of the rodent-borne hantavirus on a cruise ship in the Atlantic.
Amazon opens up its logistics network to other businesses
Amazon.com said on Monday it was rolling out "Amazon Supply Chain Services", opening up its logistics network for other businesses to use.
Insight: Warned off vaccine actions, Kennedy seeks quick health wins ahead of midterms
U.S. Health Secretary Robert F. Kennedy Jr. is aiming for quick wins on new health initiatives to help Republicans in November’s midterm elections, after the White House asked him to pivot from a widely criticized campaign to rewrite U.S. vaccine policy, senior administration officials told Reuters.
Former NYC Mayor Giuliani hospitalised in ‘critical condition’
Spokesman says Giuliani in 'critical but stable' condition as President Trump hails 'true warrior'.
Samsung Elec appoints new head of Visual Display business
Samsung Electronics said on Monday it has appointed Lee Won-jin as the new head of its Visual Display Business.
National Australia Bank's first-half cash earnings miss estimate
National Australia Bank reported weaker-than-expected first-half cash earnings on Monday as a higher credit impairment charge and a charge related to its software capitalisation policy offset robust growth in business lending volume.
Former United manager Ferguson taken to hospital after health scare at Old Trafford
Former Manchester United manager Alex Ferguson has been taken to hospital after feeling unwell ahead of Sunday's Premier League match between United and Liverpool, media reported.
Business Lookahead: Eyeing oil, US jobs, and European earnings
STORY: From high oil prices and the conflict in the Middle East to U.S. jobs data and corporate earnings, here’s what you need to watch in business and finance in the week ahead.:: Crude and currencyOil prices briefly topped $120 a barrel this week to hit their highest level since 2022 as the war with Iran enters a third month.While the U.S. and Iran face pressure to end a conflict that has shut the Strait of Hormuz, the world watches anxiously as the biggest-ever disruption to energy supplies unfolds.For each week the Strait is closed, keeping oil elevated, the greater the economic risks via higher inflation or weak growth or, for some, both. Oil importer Japan just intervened to prop up a yen that has been weakened by the conflict.A new month is now underway and some traders will be mindful of that old adage, "Sell in May and go away.":: Jobs gyrationsAs the U.S. economy grapples with fallout from the Middle East war, Wall Street's radar turns to Friday's April monthly payrolls report.The U.S. economy likely created 73,000 new jobs, economists polled by Reuters forecast. In March, payrolls increased by 178,000, the most since December 2024, but that followed a sharp decline in February.The U.S. employment data comes amid signs of hawkishness at the Federal Reserve, as Donald Trump pick Kevin Warsh prepares to take over as chair with the U.S. president keen on rate cuts.:: Starmer’s statusThursday's local elections in Britain, usually a non-event for investors, could move markets in a big way, with opinion polls pointing to a heavy defeat for Prime Minister Keir Starmer's Labour Party.A heavy defeat could spark more widespread demands for his dismissal among his own lawmakers and stoke expectations of a successor more willing to run looser budgets. That would bring more bad news for British bonds.::European earningsIt's a big week for European earnings with Shell and Commerzbank among those reporting.On aggregate, profits are expected to grow 3.2% in Q1, according to LSEG I/B/E/S. Under the surface, it's a little bit more complicated. Growth is expected to be driven by just three sectors: financials, tech and energy. The latter is seen as the biggest beneficiary of the Iran war due to higher oil and gas prices.But if the war, and energy surge, persist, the overall outlook for Europe's earnings could turn.
Colombia-Ecuador trade collapsing as tariff war intensifies, business groups say
RUMICHACA BRIDGE, Colombia/Ecuador, May 1 (Reuters) - The flow of goods between Colombia and Ecuador is drying up, industry groups on the South American countries' border say, as high tariffs resulti...
Coty's perfume business takes another knock with David Beckham fragrance lawsuit
Beauty brand Coty is facing a lawsuit from DB Ventures, the company behind former football star David Beckham’s eponymous fragrance, for what the lawsuit describes as flagrant material breaches of the license agreement, court documents show.
US criticises Zambia for lack of engagement as $1 billion health deal stalls
The United States has criticised Zambia for failing to engage on a new health aid agreement governing more than $1 billion in U.S. funding, saying repeated outreach from Washington had been ignored as an April 30 deadline passed without a deal.
Medicare Advantage health plans may cut extra benefits in 2027
Americans enrolled in Medicare Advantage health plans should expect to see fewer extra benefits like gym memberships and vision and dental coverage next year, investors and industry experts say.
Trump says surgeon general nominee will continue to fight for MAHA health movement
U.S. President Donald Trump said his nominee to become surgeon general, Casey Means, will continue to fight for the Make America Healthy Again (MAHA) movement despite opposition from Republican Senator Bill Cassidy of Louisiana to the nomination.
Soaring fuel prices in Pakistan threaten economic and political crises
Fuel import costs are soaring in Pakistan, creating cascading crises that threaten to weaken the economy and undermine the government.
Cardinal Health lifts annual profit forecast on strong demand for specialty drugs
Drug distributor Cardinal Health on Thursday raised its 2026 profit forecast range, betting on strong demand for costly specialty medicines and branded drugs at its pharmaceuticals unit.
MGM Resorts' quarterly profit misses estimates amid slower Las Vegas business
MGM Resorts International missed Wall Street expectations for first-quarter profit on Thursday, hurt by weaker performance of its Las Vegas businesses amid ongoing macroeconomic uncertainty.
Mattel raises annual profit forecast on steady toy demand, entertainment push
Mattel raised its annual profit forecast and beat analysts' estimates for quarterly sales on Wednesday, benefiting from resilient demand for toys and growth in its entertainment business.
Mattel raises annual profit forecast on steady toy demand, entertainment push
Mattel raised its annual profit forecast and beat analysts' estimates for quarterly sales on Wednesday, benefiting from resilient demand for toys and growth in its entertainment business. "We continued to make progress on our strategy to grow our IP-driven play and family entertainment business and are seeing top-line acceleration in the second quarter to date," CEO Ynon Kreiz said in a statement. Mattel's first-quarter net sales of $862.2 million beat analysts' estimates of $804.7 million, according to data compiled by LSEG.
PayPal to separate Venmo business, CNBC reports
PayPal's new CEO is making Venmo a separate business as part of a broader reorganization, according to a report by CNBC on Wednesday.
PayPal to separate Venmo business, CNBC reports
PayPal's new CEO is making Venmo a separate business as part of a broader reorganization, according to a report by CNBC on Wednesday.
Mercedes inks deal with BNP to sell leasing business
Mercedes-Benz has signed a deal to sell its leasing subsidiary Athlon to France's BNP Paribas and is expected to free up hundreds of millions of euros in liquidity, the German company's finance chief said on Wednesday.
German cabinet approves health insurance reform to curb costs
Germany's cabinet approved a draft bill to reform the statutory health insurance system on Wednesday, aiming to save 16.3 billion euros ($19.08 billion) next year amid mounting costs.
KPMG exits US federal audit business after losing Pentagon contract, FT reports
Big Four firm KPMG is shutting its federal government audit business and will redeploy more than 450 U.S. staff after losing a $60 million-a-year contract with the Pentagon, the Financial Times reported on Wednesday, citing sources.
US Seeks New Nominees for Key Preventive Health Panel
By Deena Beasley April 28 (Reuters) - The U.S. Department of Health and Human Services, overseen by Secretary Robert F. Kennedy Jr., on Tuesday asked for nominations to the influential task force that decides which preventive medical care is provided at no cost to patients. The Preventive ...
Palestinian football body appeals to sports court over FIFA Israel ruling
The Palestinian Football Association has appealed to the Court of Arbitration for Sport against FIFA's decision not to sanction Israel over clubs based in West Bank settlements, a senior PFA official said on Tuesday, as visa issues affecting several delegations added to tensions ahead of the FIFA Congress.
Health Canada approves first generic version of Novo Nordisk's Ozempic
Health Canada has approved the first generic version of Danish drugmaker Novo Nordisk's blockbuster diabetes drug Ozempic made by Indian drugmaker Dr Reddy's Laboratories , its website showed on Tuesday.
Corning faces consumer electronics drag even as data-center business booms
Corning forecast second-quarter revenue below Wall Street estimates on Tuesday, as weakness in the consumer electronics market continues to pressure business despite strong demand for data center products.
T-Mobile rolls out broadband with Starlink backup to expand business customer base
T-Mobile on Tuesday launched a new internet offering for businesses, combining its 5G network with Starlink's satellite backup to serve companies operating in remote locations.
Apollo launches sports and entertainment unit led by Axa XL's Thomas
Apollo has launched a sports and entertainment class of business, led by Axa XL's Paul Thomas, the Skyward Group company said on Tuesday.
Exclusive: Ghana rejects proposed US health aid deal, citing data concerns, source says
Ghana has rejected a bilateral health deal with the U.S., a source familiar with the negotiations told Reuters, the latest stumbling block to the Trump administration's effort to overhaul foreign aid.