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ZURICH (Reuters) – The United States and Switzerland can move towards free trade between their countries with sectoral deals and they are working on facilitating business in the pharmaceutical sector, the U.S. ambassador to Switzerland told the Tages Anzeiger newspaper. Scott Miller said that in the last round of trade negotiations between the two countries, …

U.S. and Switzerland working on facilitating pharma trade – U.S. ambassador Read More »

By Svea Herbst-Bayliss BOSTON (Reuters) – Activist hedge fund Starboard Value, which had offered to buy Kohl’s Corp for roughly $9 billion early this year, slashed its stake in the department store by more than 80% in the second quarter, according to a regulatory filing on Friday evening. Starboard sold 2.8 million shares during the …

Starboard slashes stake in Kohl’s after seeking to buy it in January Read More »

By David Morgan, Moira Warburton and Rose Horowitch WASHINGTON (Reuters) -The Democratic-led U.S. House of Representatives approved a $430 billion bill on Friday that is seen as the biggest climate package in U.S. history, delivering a major legislative victory for President Joe Biden ahead of the Nov. 8 midterm elections. The legislation to fight climate …

U.S. House gives Biden a win with massive bill on climate change, drug prices Read More »

(Reuters) – Brazilian power company Eletrobras on Friday reported its second-quarter net income fell 45%, hit by the provision for losses in investments. In the first earnings report since its privatization, Centrais Eletricas Brasileiras SA, as the company is formally known, posted a net income of 1.4 billion reais ($276.03 million). Adjusted earnings before interest, …

Brazil’s Eletrobras reports 45% drop in Q2 net profit Read More »

By Ahmed Aboulenein WASHINGTON (Reuters) – Big Pharma spent more than any other industry to lobby Congress and federal agencies this year, a Reuters analysis shows, but still suffered a major defeat after failing to stop a bill that allows the government to negotiate prices on select drugs. Despite the pharmaceutical industry’s spending at least …

Analysis-U.S. move to negotiate drug prices a rare defeat for Big Pharma Read More »

(Reuters) -Net profit at Grupo SURA, Colombia’s largest investment company, rose 30.3% in the second quarter from the year-earlier period, boosted by higher financial income and lower COVID claims, the company said in a statement on Friday. The firm’s net profit for the three-month period climbed to 557.6 billion pesos ($132 million). Grupo SURA’s revenue …

Higher financial income drives Colombia’s Grupo SURA to 30.3% jump in Q2 profits Read More »

By David Shepardson WASHINGTON (Reuters) -Delta Air Lines can temporarily cut some flights at New York’s LaGuardia and John F. Kennedy airports and Ronald Reagan Washington National Airport, the U.S. Federal Aviation Administration (FAA) said on Friday. The FAA said as a condition of approval that Delta “should offer customers a refund or rebook them …

U.S. allows Delta to temporarily cut some New York, Washington flights Read More »

(Reuters) – Alphabet Inc’s YouTube is planning to launch an online store for streaming video services, the Wall Street Journal reported on Friday. The company has renewed talks with entertainment companies about participating in the platform, which it is referring to internally as a “channel store”, the report said, citing people close to the recent …

YouTube plans to launch streaming video service – WSJ Read More »