(Reuters) -Novartis AG is close to acquiring U.S. biotech Avidity Biosciences for more than $70 per share, Bloomberg News reported, citing a person familiar with the matter who said an announcement could come as early as Sunday. Novartis and Avidity did not immediately respond to requests for comment about the report. Novartis has been actively …
WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent said on Sunday that he anticipates that China will revive substantial purchases of U.S. soybeans for several years and will delay its expanded licensing regime for rare earths by a year and re-examine it after two days of trade talks in Malaysia. Bessent told the CBS program “Face …
Bessent says China to delay rare earths rules by a year, buy U.S. soybeans Read More »
By Lewis Krauskopf NEW YORK (Reuters) -The U.S. stock rally confronts a potentially consequential week to keep its momentum heading into year-end, including a flood of corporate results headlined by megacap companies and a likely interest rate cut by the Federal Reserve after its two-day policy meeting. U.S.-China trade tensions could come to a head …
Megacap-led earnings deluge, Fed meeting headline busy US markets week Read More »
By David Morgan WASHINGTON (Reuters) -As Republican and Democratic lawmakers trade blame for the U.S. government shutdown, some have begun to worry that the impasse is ceding their authority over federal spending to an increasingly assertive President Donald Trump. The White House during the shutdown has frozen billions of dollars in funds meant for Democratic-led …
US government shutdown threatens the spending power of Congress Read More »
WASHINGTON (Reuters) -U.S. President Donald Trump said on Saturday he was increasing tariffs on Canada by an additional 10% “above what they’re paying now,” as he reacted again to an ad by Canada’s Ontario province, a day after it was aired during the World Series broadcast. Trump on Thursday ended trade talks with Ottawa over …
Trump sets 10% hike in tariffs on Canada after ad airs during World Series Read More »
ABOARD AIR FORCE ONE (Reuters) -U.S. President Donald Trump said on Friday he would consider reducing tariffs on Brazil, under the right circumstances. Trump was speaking on Air Force One heading to Malaysia for a regional summit. Trump increased tariffs on U.S. imports of most Brazilian goods to 50% from 10% in early August, linking …
Trump says he’s willing to reduce tariffs on Brazil in right circumstances Read More »
By Leah Douglas and P.J. Huffstutter WASHINGTON/CHICAGO (Reuters) -Cynthia Kirkhart, the CEO of Facing Hunger Foodbank in Huntington, West Virginia, has already had to explain to customers this year why the organization is rationing bags of potatoes. The food bank, which also serves households in Kentucky and Ohio, has had to shrink its allotments as …
US food banks brace for surge as shutdown threatens benefits Read More »
(Reuters) -Chrysler is recalling 291,664 vehicles in the U.S. as the electrical circuit for the radiator fan may overheat, the U.S. National Highway Traffic Safety Administration said on Saturday. (Reporting by Disha Mishra in Bengaluru; Editing by Aidan Lewis)
By David Shepardson WASHINGTON (Reuters) -Delta Air Lines and Aeromexico asked a U.S. appeals court on Friday to halt a Trump administration order forcing it to unwind a joint venture that lets the carriers coordinate scheduling, pricing and capacity for U.S.–Mexico flights. Aeromexico told the 11th Circuit Court of Appeals it would face substantial costs …
Delta, Aeromexico ask court to block Trump order forcing end to JV Read More »
By Kanishka Singh, Ismail Shakil and David Shepardson WASHINGTON (Reuters) -U.S. carrier Alaska Airlines said Friday it had restored operations after a technology outage that grounded flights across the country and forced it to cancel more than 400 flights, disrupting travel for more than 49,000 passengers. Alaska Air Group said it planned to take immediate …
Alaska Airlines vows IT upgrades after outage forces 400 flight cancellations Read More »
