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By Blake Brittain WASHINGTON -A federal appeals court temporarily paused drugmaker MSN Pharmaceuticals’ launch of a generic version of Novartis’ blockbuster heart-failure drug Entresto late on Wednesday. The U.S. Court of Appeals for the District of Columbia Circuit halted the launch, which could have begun as early as Thursday, while it considers Novartis’ emergency request …

Novartis wins temporary pause to Entresto generic launch in US Read More »

By Sergio Goncalves LISBON (Reuters) -The European Central Bank should continue to lower interest rates to about 2% as inflation in the euro zone was generally under control, ECB policymaker Mario Centeno said on Wednesday. He said the rise in euro zone inflation to 2.4% in December “was already expected” and reflected the fall in …

ECB’s Centeno sees interest rates falling to about 2% as inflation under control Read More »

By Jonathan Stempel NEW YORK (Reuters) -Drake sued his longtime label on Wednesday, accusing Universal Music Group of defamation for promoting Kendrick Lamar’s “Not Like Us,” saying the song’s false accusation that the Canadian rapper is a pedophile has put him and his family in danger. In a complaint in Manhattan federal court, Drake said …

Drake sues longtime label UMG for defamation over Kendrick Lamar’s ‘Not Like Us’ Read More »

BRUSSELS (Reuters) -The European Commission will fully enforce its rules governing social media and other large online platforms and has not delayed any cases against U.S. Big Tech, the EU digital chief said on Wednesday. “There haven’t been any delays,” Commission Vice President Henna Virkkunen told reporters, referring to the Digital Markets Act (DMA), which …

EU is fully enforcing social media rules, says digital chief Read More »

WASHINGTON (Reuters) – Negotiators reached a phased deal on Wednesday to end the war in Gaza between Israel and Hamas, the U.S. and Qatar said, after 15 months of bloodshed that has killed tens of thousands of Palestinians and inflamed the Middle East. The complex accord outlines a six-week initial ceasefire phase and includes the …

Investor reactions to the Gaza ceasefire deal Read More »

PARIS (Reuters) – Britain’s Octopus Energy acquired on Wednesday the French business of Sweden-based OX2 that develops solar power plants on agricultural land, with Octopus planning to retain the French team and add to the current solar portfolio in development. Delays in obtaining permits among other issues have caused France to lag other European countries …

Octopus Energy acquires OX2’s French solar unit to boost development Read More »

MADRID (Reuters) – Shell plans to close its Madrid gas trading operations for tax reasons, Spanish newspaper Cinco Dias reported on Wednesday, citing unnamed sources close to the matter. The company plans to move its staff of about 50 people to Dubai, London and Singapore. The staff includes a team handling commercial activities, Cinco Dias …

Shell to halt Spain gas trading, relocate staff, Cinco Dias reports Read More »

LONDON (Reuters) -The chief executive of Airbus said he was confident the company would reach its target of manufacturing 75 single-aisle aircraft a month in 2027, given its investment, focus on its supply chain and the hiring of people ahead of time. “By 2027 we will be with the capacity rate 75 fully in place, …

Airbus CEO confident about 75 aircraft a month target Read More »