Pfizer Sees Antibiotic Supply Running Out as Shortage Worsens
Pfizer Inc. will run out of several doses of penicillin, which treats syphilis, strep throat, and other infections, later this year as shortages ripple across the US’s antibiotic supply.
Bloomberg Business
UK Yields Jump to Highest Since 2008 With 6% Peak Rate in Play
Traders bet the Bank of England will have to keep raising interest rates into next year to cool inflation, sending government bonds tumbling to levels last seen during the global financial crisis.
Bailey Laments Slow Falling Inflation in ‘Very Tight’ Job Market
The UK jobs market is “very tight” with so few available workers that employers are having to hoard labor, Bank of England Governor Andrew Bailey told the House of Lords.
Traders See One-in-Two Chance of BOE Raising Rates to 6%
Traders see a one-in-two chance that the Bank of England will raise interest rates to 6%, after strong jobs data earlier Tuesday implied further tightening will be needed to cool inflation.
Germany to Seal Tank Repair Hub Deal With Poland in Coming Days
Germany and Poland are closing in on a deal to set up a service hub to repair Leopard battle tanks and other equipment as Ukraine undertakes its counteroffensive against Russian forces, Berlin’s envoy said.
Private Equity Firms Have $1.5 Trillion to Spend, But Are Struggling to Seal Deals
Private equity firms hunting for acquisitions with their $1.5 trillion of unspent capital are struggling to seal deals as they hit roadblocks from heady price demands to difficult financing markets.
US Inflation Slows, Giving Room for Fed to Pause Rate Hikes
US inflation slowed in May, supporting the case for Federal Reserve officials to pause their run of interest-rate hikes this week.
Small US Firms Are Opting to Raise Pay More Than Prices
For six straight months, more US small businesses have been raising wages than prices. That marks a return to the pre-pandemic trend and follows a rare reversal in 2021 and 2022.
The Risk of a US Recession Is Rising. Here’s What That Means for States’ Credit Outlook
The rising possibility of a recession threatens US states’ credit quality, according to a new report.
Price of Paella Shows Spaniards Still Struggling With Food Costs
The rate of overall Spanish inflation has fallen below 3% for the first time in almost two years — but households still face soaring costs for ingredients such as rice and olive oil as food price increases remain stubbornly high.
