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Fed’s Goolsbee: want more assurance on inflation to cut in Sept or autumn

15 Aug 2025

By Ann Saphir (Reuters) -Chicago Federal Reserve Bank President Austan Goolsbee on Friday left the door open to supporting an interest-rate cut in September should fresh data prove reassuring, but said recent reports showing a rise in services inflation give him some pause amid what he calls the “stagflationary” impulse from tariffs. “I feel like …

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Canadian PM Carney planning to visit Mexico in September, says source

15 Aug 2025

(Reuters) -Canadian Prime Minister Mark Carney is planning to visit Mexico on September 18 to meet with President Claudia Sheinbaum and discuss closer ties amid U.S. tariffs, a person familiar with the matter said on Friday. The source said the exact date had yet to be formally confirmed. The news was first reported by Bloomberg. …

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Data center owners urge US Treasury to keep renewable energy subsidy rules

15 Aug 2025

(Reuters) -The Data Center Coalition, which represents data center owners including Google, Amazon and Microsoft, called on U.S. Treasury Secretary Scott Bessent to uphold existing rules for wind and solar energy subsidies, saying they have enabled the industry to grow quickly and stay ahead of competition from China. WHY IT’S IMPORTANT Tougher rules on how …

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Busy September US corporate bond market expected despite lower rate cut odds

15 Aug 2025

By Matt Tracy and Shankar Ramakrishnan (Reuters) -Companies’ U.S. dollar bond issuance will likely carry September to one of the heaviest months for investment-grade supply this year, despite more volatility in Treasury yields as hopes for a bigger Federal Reserve interest rate cut were dimmed by recent data that pointed to still-sticky inflation, said bankers …

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Lilly signs $1.3 billion deal with Superluminal to discover obesity medicines using AI

15 Aug 2025

By Mariam Sunny (Reuters) -Eli Lilly has signed a deal worth $1.3 billion with privately held Superluminal Medicines to discover and develop small-molecule drugs through AI to treat obesity and other cardiometabolic diseases. Lilly currently dominates the obesity treatment market, estimated to be worth $150 billion by the next decade, and is trying to strengthen …

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UnitedHealth surges after Warren Buffett bets on recovery

15 Aug 2025

By Mariam Sunny and Shashwat Chauhan (Reuters) -Shares of UnitedHealth Group surged nearly 14% on Friday after billionaire Warren Buffett’s Berkshire Hathaway bought 5 million shares of the company, providing a shot in the arm for investors who think the health conglomerate will turn around under its new CEO. The shares have lost nearly half …

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US retail sales rise in July; softening job market poses risk to spending

15 Aug 2025

By Lucia Mutikani WASHINGTON (Reuters) -U.S. retail sales increased solidly in July, supported by strong demand for motor vehicles as well as promotions by Amazon.com and Walmart, though a softening labor market and higher goods prices could curb consumer spending growth in the third quarter. The rise last month together with an upward revision to …

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Enterprise says Seaway oil pipeline system resumes full operations after leak

15 Aug 2025

NEW YORK (Reuters) -Enterprise Products Partners said on Friday the Seaway crude oil pipeline system had resumed full operations after a leak from the company’s oil terminal in southeast Houston earlier this week. A portion of the Seaway pipeline went down on Tuesday night, impacting crude oil flows on the pipeline, which runs from Cushing, …

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First two Venezuelan oil cargoes by Chevron after license depart to US

15 Aug 2025

(Reuters) -The first two cargoes of Venezuelan oil exported by energy major Chevron after it received a fresh U.S. authorization to operate in the country last month have set sail for the United States, vessel monitoring data showed on Friday. The U.S. Treasury Department granted Chevron a new license in late July allowing it to …

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