Reuters US Business

By Bhanvi Satija and Chad Terhune LONDON/LOS ANGELES (Reuters) -A Trump administration deal to cut prices for popular weight-loss drugs like Wegovy and Zepbound will allow millions more Americans to give them a try, but the cost may still be too high to keep patients long term, U.S. obesity specialists said. President Donald Trump announced …

Price cuts help more Americans start weight-loss drugs but maybe not stay on them Read More »

By Howard Schneider WASHINGTON (Reuters) -Two weeks before the U.S. Federal Reserve’s last meeting, with the federal government’s data spigot closed, Atlanta Fed staff backstopped their view of the economy by analyzing how past surveys of business executives had aligned with employment, spending, output and other data captured in federal reports. The results boosted their …

Fed in economic data hunt turns to the tried-and-true and also the new  Read More »

(Reuters) -Several pharmaceutical companies have said they will sell drugs direct to patients in the U.S. and offered discounts following President Donald Trump’s calls to bring down drug prices and cut out “middlemen” like pharmacies, insurers and pharmacy benefit managers. The Trump administration announced in September plans to launch a government-run website called TrumpRx.gov in …

Factbox-Pharma companies announce direct-to-consumer sales and price cuts in US Read More »

By Abhirup Roy and Akash Sriram SAN FRANCISCO (Reuters) -Tesla CEO Elon Musk won shareholder approval on Thursday for the largest corporate pay package in history as investors endorsed his vision of morphing the EV maker into an AI and robotics juggernaut. The proposal was approved with over 75% support, and Musk bounded to the …

Elon Musk’s $1 trillion Tesla pay plan wins shareholder approval Read More »

By Michael S. Derby NEW YORK (Reuters) -The U.S. Federal Reserve may soon need to grow its balance sheet through bond purchases and could consider shortening the average duration of its debt holdings, Federal Reserve Bank of New York President John Williams said on Friday. “The next step in our balance sheet strategy will be …

Fed’s Williams: Fed may soon need to expand balance sheet for liquidity needs Read More »

By Scott Murdoch (Reuters) -Investors sold off shares in Australia’s biggest investment bank Macquarie Group on Friday after it reported first-half profits that fell short of expectations, with low volatility in markets driving profits from its commodities unit down 15%. Overall first-half profit rose by 3% compared to last year, lifted by gains from its …

Australia’s Macquarie shares slide as first half profit misses consensus Read More »

By Kirsty Needham SYDNEY (Reuters) -Google plans to build a large artificial intelligence data centre on Australia’s remote Indian Ocean outpost of Christmas Island after signing a cloud deal with the Department of Defence earlier this year, according to documents reviewed by Reuters and interviews with officials. Plans for the data centre on the tiny …

Exclusive-Google to build new AI data centre on tiny Australian Indian Ocean outpost Read More »