(Reuters) – The U.S. government on Friday announced a list of 15 prescription medicines targeted for Medicare price negotiations for 2027, which includes Novo Nordisk’s blockbuster weight-loss drug Wegovy.Here’s what Wall Street analysts say about the inclusion: WHAT IT MEANS FOR PATIENTSThe potential for more aggressive price cuts would enable wider access to GLP-1 drugs …
By Laura Matthews NEW YORK (Reuters) – The dollar held gains against the yen on Friday, but ended the week lower after a six-week winning streak, as investors await Donald Trump’s presidential inauguration and clarity on the course of the incoming administration’s policies. The yen was poised for its strongest weekly performance in over a …
Dollar holds gains against yen, steadies ahead of Trump inauguration Read More »
By Lucinda Elliott and Alexander Villegas MONTEVIDEO/SANTIAGO (Reuters) – Bolivia and Chile are in talks to restart gas exports to Argentina amid a surge in demand spurred by a summer heat wave, underscoring the challenge for the government in Buenos Aires as it looks to become energy self-sufficient. “We are in a negotiation with Argentina …
By Arathy Somasekhar and Timothy Gardner HOUSTON/WASHINGTON (Reuters) -Oilfield service provider SLB on Friday said its current business in Russia still aligns with U.S. sanctions issued this month, but that revenue in the country was declining. The world’s largest oilfield service company is one of the few Western firms to remain in Russia after its …
SLB says its Russia business aligns with new US sanctions as revenue drops Read More »
By Saeed Azhar NEW YORK (Reuters) -Goldman Sachs CEO David Solomon was awarded an $80 million stock bonus to stay at the helm for another five years, a stark turnaround for a leader whose survival was questioned after the firm’s ill-fated foray into consumer banking. John Waldron, Goldman’s president and chief operating officer, and who …
Goldman CEO gets big pay boost, and $80 million bonus for another five years at helm Read More »
By Tommy Reggiori Wilkes and William James LONDON (Reuters) -Britain’s finance watchdog told the government on Friday that it would “take greater risks” to support its drive for more economic growth but warned that the approach would lead to more failures and harm to consumers and businesses. Financial and Conduct Authority (FCA) Chief Executive Nikhil …
UK finance regulator warns government over ‘harm’ from reduced regulation Read More »
By Sergio Goncalves LISBON (Reuters) – Portugal’s government said on Friday it was keen to create a cluster of wind farms off its Atlantic Ocean coast that could eventually reach a total capacity of around 10 gigawatts (GW). Lisbon last week approved four areas in the ocean where offshore wind farms can be installed, moving …
Portugal keen to create offshore wind cluster, could reach 10 gigawatts Read More »
LONDON (Reuters) – Bank of England Governor Andrew Bailey called for the world’s financial powers, led by the United States and China, to avoid economic nationalism in a speech released three days before Donald Trump is due to be sworn in as U.S. president. Bailey said global cooperation was more likely to succeed when economic …
Bank of England’s Bailey warns against risks from economic nationalism Read More »
FRANKFURT (Reuters) -Lufthansa finalised its acquisition of a 41% stake in Italian state-owned airline ITA after European antitrust remedies were put in place, it said on Friday, in a deal designed to boost the carrier’s presence in the lucrative southern European market. Lufthansa previously said the deal, under which it paid 325 million euros ($334 …
Lufthansa finalises acquisition of 41% stake in Italy’s ITA Read More »
(Reuters) – U.S. activist investor Engine Capital, which owns about a 2% stake in Smiths Group, has called for the sale of the British engineering firm or parts of it to maximise shareholder value, sending its shares to a record high on Friday. The over 170-year-old company, which has a diverse portfolio but is best …
Smiths Group shares hit record high as activist investor pushes for sale Read More »
