(Reuters) -Gilead Sciences said on Friday it was voluntarily withdrawing its drug, Trodelvy, for patients with a type of bladder cancer after it failed to meet the main goal in a confirmatory trial. The decision was made in consultation with the U.S. health regulator, the company said. The U.S. Food and Drug Administration had granted …
Gilead withdraws bladder cancer drug in US after failed trial Read More »
By Greg Bensinger (Reuters) -One of Amazon’s top executives defended the new, controversial 5-day-per-week in-office policy on Thursday, saying those who do not support it can leave for another company. Speaking at an all-hands meeting for AWS, unit CEO Matt Garman said nine out of 10 workers he has spoken with support the new policy, …
Amazon AWS CEO: Quit if you don’t want to return to office Read More »
(Reuters) -Netflix shares hit an all-time high on Friday, buoyed by investor optimism that its robust content lineup will help the streaming giant maintain upbeat subscriber growth even as the boost from its password-sharing crackdown wanes. The company, widely seen as the winner of Hollywood’s streaming wars, saw its stock rise nearly 10% and was …
Netflix hits record high as strong subscriber additions ease growth worries Read More »
(Reuters) – U.S. investors made large investments in equity funds in the week to Oct. 16, buoyed by strong third-quarter earnings from U.S. lenders and optimism over a potential Federal Reserve rate cut in November and signs of cooling inflation. According to LSEG data, U.S. equity funds drew a sharp $20.08 billion in net purchases …
US equity funds draw big inflows on bank earnings, rate cut hopes Read More »
By Georgina McCartney MIDLAND, Texas (Reuters) – A new pipeline carrying shale natural gas from west Texas toward export hubs on the U.S. Gulf Coast has eased constraints that crashed local prices this year, and will help pave the way for higher U.S. oil production, energy executives said. Pipeline companies largely quit adding new capacity …
Texas natural-gas pipeline eases bottlenecks, paves way for higher shale output Read More »
(Reuters) – Fifth Third Bancorp reported a fall in its third-quarter profit on Friday, as the bank set aside more money to cover for potential loan defaults, sending its shares down 3% in premarket trading. Banks have been allocating larger reserves as customers deplete their savings built up during the pandemic, resulting in provisions rising …
Fifth Third Bancorp’s profit falls on higher loan loss provisions Read More »
A look at the day ahead in U.S. and global markets by Harry Robertson From U.S. small-cap stocks to bitcoin to the dollar, some investors are seeking out assets that can prosper under a second Donald Trump presidency. The former president has taken the lead over Vice President Kamala Harris in betting markets, although Harris …
Morning Bid: Trump trades shine, China data darkens Read More »
By Jessica DiNapoli NEW YORK (Reuters) -PepsiCo and Coke bottlers in the West Bank are running out of cans and sugar, blocked by the prolonged closure of a Jordan border crossing, managers of two soda-bottling plants in the occupied Palestinian territory said. In the latest global supply chain snarl due to the conflict in the …
In West Bank, Pepsi and Coke bottlers face can and sugar shortage Read More »
By Niket Nishant and Nupur Anand (Reuters) – Huntington Bancshares’ third-quarter profit beat expectations on Thursday, as higher underwriting and wealth management fees offset a hit from bigger deposit costs. The bank has diversified beyond lending into fee-earning businesses – a strategy that paid off as companies sold stocks and bonds and pursued deals, driving …
Huntington Bancshares beats profit estimates on capital markets strength Read More »
BEIJING (Reuters) – Apple Inc’s new iPhones got off to a strong start in China, with their sales rising 20% in their first three weeks since their launch compared with its 2023 model, according to data from research firm Counterpoint. Both Apple and Huawei’s latest smartphones went on sale in China on Sept. 20, underscoring …
Apple’s new iPhone sales in China jump 20% in first 3 weeks, Counterpoint says Read More »
