(Corrects spelling of Metsera in first sub-header) By Kamal Choudhury, Sabrina Valle and Tom Hals (Reuters) -Pfizer on Friday filed a lawsuit against Metsera and Novo Nordisk, saying Metsera breached its merger agreement obligations in declaring the Danish drugmaker’s $8.5 billion bid for the U.S. obesity drug developer to be a superior offer. Pfizer asked …
Pfizer sues Metsera, Novo Nordisk over rival obesity drug bid Read More »
By Jonathan Stempel (Reuters) -A federal judge on Friday said 36 drugmakers and executives must face nearly all claims in an antitrust lawsuit brought by most U.S. states, accusing them of conspiring to fix prices of 80 generic drugs. Chief Judge Michael Shea of the federal district court in Connecticut rejected claims that 45 states, …
Drugmakers must face skincare drug price-fixing lawsuit, US judge rules Read More »
(Reuters) -CBS News said that U.S. President Donald Trump sat down with CBS anchor Norah O’Donnell for an exclusive interview for “60 Minutes” on Friday afternoon, the first with the network after his lawsuit against it. O’Donnell interviewed Trump at Mar-a-Lago in Palm Beach, Florida, a spokesperson for the network said. It will be aired on …
Trump gives first ’60 Minutes’ interview following CBS lawsuit settlement Read More »
By Pritam Biswas (Reuters) -Central Bancompany said on Friday that it was targeting a valuation of up to $5.72 billion in its U.S. initial public offering, in a rare move for a U.S. bank looking for a fresh flotation. The Jefferson City, Missouri-based lender is looking to raise as much as $426.7 million by offering …
Central Bancompany eyes up to $5.7 billion valuation in rare US bank IPO Read More »
By Sinéad Carew and Pranav Kashyap (Reuters) -Wall Street’s main stock indexes closed higher on Friday, with their biggest boost coming from Amazon’s upbeat earnings forecast, but sentiment was dampened by worries that the Federal Reserve is becoming more cautious about cutting rates. The S&P 500, the Nasdaq Composite and the Dow boasted weekly gains …
Wall Street gains on Amazon boost but rate caution tempers enthusiasm Read More »
(Reuters) -First Guaranty Bancshares said on Friday it has swung to a third-quarter loss, as the lender booked an impairment charge and increased reserves for bad loans linked to an auto parts manufacturer bankruptcy. Several U.S. banks, including Fifth Third and JPMorgan Chase, have recently been affected by the bankruptcies of auto parts maker First …
First Guaranty Bancshares swings to quarterly loss on exposure to auto parts bankruptcy Read More »
(Reuters) -The U.S. Department of Justice has sought additional information and documents as it reviews broadcaster Nexstar Media’s $3.54 billion bid to buy smaller rival Tegna, a deal that would create a local-TV powerhouse. The DoJ’s demand would extend the waiting period for closing the transaction until 30 days after both the companies have substantially …
Tegna gets US Justice Department request for more information on Nexstar deal Read More »
By Ann Saphir and Michael S. Derby (Reuters) -A clutch of Federal Reserve bank presidents on Friday aired their discomfort with the U.S. central bank’s decision to cut interest rates this week, even as influential Fed Governor Christopher Waller made the case for more policy easing to shore up a weakening labor market. This yawning …
Fed’s Waller calls for December rate cut, as hawks press for policy pause Read More »
By David Jeans NEW YORK (Reuters) -Anduril’s jet-powered drone flew for the first time on Friday, the company and the U.S. Air Force said, marking a significant step for the defense tech company’s drone ambitions. The Los Angeles-based company, which won an Air Force contract last year to produce a prototype drone that could serve …
US defense company Anduril flies its uncrewed jet drone for first time Read More »
(Reuters) -The U.S. Department of Energy on Friday announced that it would make $100 million available to refurbish and modernize existing coal-fired power plants. The move is part of the Trump administration’s effort to reverse the decline of coal use in the United States. The Energy Department said last month it would provide $625 million …
Trump administration announces $100 million in funding to upgrade coal plants Read More »
