By Sneha S KU.S. FDA staff reviewers said there is little evidence to allow compounding pharmacies to manufacture seven popular peptides, in stark contrast to Health Secretary Robert F. Kennedy Jr, who has publicly endorsed the compounds and said he is a "big fan".The remarks, outlined in documents…
By Greg BensingerAmazon NASDAQ:AMZN said on Tuesday it is creating a new division under its Amazon Web Services cloud unit employing so-called forward-deployed engineers who embed with customers to help them more quickly and efficiently adopt artificial intelligence software.The company is committi…
BMW XETR:BMW on Tuesday announced the completion of a $1.7 billion investment in its production plants in South Carolina, gearing up for the launch of fully electric vehicle production in the country.
Greetings from London!Automakers across much of the globe have been unprepared for the rush of affordable cars from Chinese rivals, whose market share has grown far faster than expected.Take Britain, where Chinese carmakers’ share has doubled this year to around 15%. Or the European Union, where BY…
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By Jody GodoyThe Trump administration said on Tuesday it would cut off funding to New York's Medicaid fraud unit, accusing it of underperforming in a move that could jeopardize the state's eligibility to receive federal funding for low-income healthcare.New York has lagged behind other large states…
By Mike ScarcellaTwo former partners of Clifford Chance have sued the global law firm in New York, challenging its bid to take back millions of dollars in compensation paid out before they left this year for rival Sidley Austin.Former Clifford Chance attorneys Clifford Cone and Michael Sabin, who w…
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Federal Reserve Bank of Cleveland President Beth Hammack said Tuesday central bank interest rate hikes may still be in the cards if inflation pressures don’t moderate.“I'm going to keep an open mind” about what the Fed needs to do on interest rate policy, Hammack said in a CNBC interview. But, “if…
BOFA SAYS 'OLD-ECONOMY' CYCLICALS ARE THE BETTER BET NOWTake profits in secular growth stocks and buy into cyclical, value-oriented sectors like energy and financials, said BofA strategists, heading into the second half of 2026.BofA is sticking with its year-end S&P 500 CBOE:SPX target of 7,100 — a…
By Leonardo Fernandez Viloria and Julia Symmes CobbRescue teams in Venezuela were losing hope on Tuesday of finding more survivors of twin earthquakes that struck the country last week, following hours of grueling work searching for victims beneath the rubble of collapsed buildings.Rescue teams fro…
Analysts have raised their forecasts for Russian inflation this year, a Reuters poll showed on Tuesday, as nationwide fuel shortages following Ukrainian drone attacks on refineries pushed retail fuel prices higher.Analysts saw full-year inflation at 5.7% compared to 5.5% in last month's poll. They…
By Stephanie KellyBP's LSE:BP. deputy CEO and trading chief Carol Howle will retire, the energy major said on Tuesday, extending a leadership shake-up that has seen a new CEO appointed and the chairman removed in recent months.Sam Skerry, who has led BP's mergers and acquisitions business since 202…
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Indonesia has increased its benchmark prices for coal for the first half of July, an Energy Ministry regulation showed on Tuesday.Indonesia has set the coal benchmark price for 5,300 kcal grade at $90.94 per metric ton, and the price for 4,100 kcal grade at $62.59 per metric ton, both higher than t…
Nigeria's 650,000-barrel-per-day Dangote refinery has imported 2 million barrels of crude from ADNOC of the United Arab Emirates, traders told Reuters, marking its first such purchases of crude from the Middle Eastern producer.The purchases come as global crude markets have weakened sharply as more…
An earthquake of magnitude 5.8 struck the New Britain Region of Papua New Guinea on Wednesday, the German Research Centre for Geosciences said.The quake was at a depth of 10 km (6.21 miles), GFZ said.
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