By Dietrich Knauth (Reuters) -Walgreens Boots Alliance Inc supplied billions of opioid pills to drug addicts and criminals, contributing to an addiction epidemic in Florida, a lawyer for the state said on Monday in a civil trial against the pharmacy chain. Walgreens filled one in four opioid prescriptions in Florida between 1999 and 2020, and …
Walgreens flooded Florida with addictive opioids, lawyer tells jury Read More »
By Ross Kerber (Reuters) -New York pension officials on Monday said they will support shareholder resolutions filed at major banks seeking quick cuts to financing of new fossil fuel development, pushing climate issues to the fore of another springtime shareholder meeting season. Shareholders should support resolutions filed at Bank of America Corp, Goldman Sachs Group …
New York pension leaders back calls for less fossil fuel financing Read More »
By Eva Mathews and Krystal Hu (Reuters) -Private equity firm Thoma Bravo will acquire SailPoint Technologies for $6.12 billion, the cybersecurity firm said on Monday, in the latest deal that underscores the heightened interest in the security software market. In buying Austin, Texas-based SailPoint, Thoma Bravo will bolster its strength in the security-focused space, where …
Thoma Bravo to buy SailPoint for $6.1 billion in cybersecurity push Read More »
By Kanishka Singh (Reuters) – California utility PG&E Corp has reached settlement agreements with district attorneys representing Northern California counties to avoid prosecution over two major wildfires, with the company agreeing to pay $55 million. “As a result of these agreements, no criminal charges will be filed in the Dixie Fire (2021), and the criminal …
California’s PG&E to avoid criminal charges in settlements over two major wildfires Read More »
(Reuters) – Bitcoin dropped 5.3% to $39,881.02 at on Monday, down $2,231.58 from its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is down 17.3% from the year’s high of $48,234 on March 28. Ether, the coin linked to the ethereum blockchain network, dipped 6.58 % to $2,991.51 on Monday, losing $210.86 from its …
By Jamie McGeever ORLANDO, Fla. (Reuters) -For the U.S. bond market, the first quarter was marked by historically high volatility and the poorest performance in decades. Hedge funds scored badly, and will be hoping for a better showing in the second quarter. U.S. futures market positioning in the first week of the new quarter showed …
Hedge funds eye U.S. bond boost after bruising Q1: McGeever Read More »
By Stephen Culp NEW YORK (Reuters) – Wall Street closed sharply lower on Monday as investors started the holiday-shortened week in a risk-off mood, as rising bond yields weighed on market-leading growth stocks ahead of crucial inflation data. All three major U.S. stock indexes ended deep in negative territory, with tech and tech-adjacent stocks pulling …
Wall Street stumbles as surging Treasury yields slam growth stocks Read More »
By Francesca Landini and Stephen Jewkes MILAN (Reuters) -The Benettons and U.S. investment fund Blackstone are aiming to launch a takeover offer for Italy’s Atlantia this week without involving directly other partners for now, two sources close to the matter said on Monday. One of the sources said the bid could be announced before Saturday, …
Benettons, Blackstone to launch bid for Atlantia this week – sources Read More »
(Reuters) – Japanese investors were big sellers of overseas debt in March, as prices of overseas bonds declined on concerns over inflation and aggressive tightening measures by major central banks. According to Japan’s Ministry of Finance data, domestic investors exited a net 2.36 trillion Japanese yen worth of overseas bonds last month, after selling a …
Japanese investors remain big sellers of overseas bonds in March Read More »
FRANKFURT (Reuters) – Drugmakers on Monday pledged to speed up the market launch of new drugs in underserved EU member states in a bid to avert stricter regulation by Brussels. European Federation of Pharmaceutical Industries and Associations (EFPIA) said in a statement on Monday its members pledge to file for reimbursement by national health systems …
Drugmakers pledge speedier European market launches to avert stricter regulation Read More »
