Reuters US Business

Factbox-Fat, not muscle: Drugmakers in race for next weight-loss breakthrough

(Reuters) -Current weight-loss methods such as lifestyle changes, surgery, and popular therapies like Novo Nordisk’s Wegovy and Eli Lilly’s Zepbound result in both fat and muscle loss that can increase the risk of falls and decrease overall strength, which could be especially harmful for older patients.  The following companies are developing weight-loss treatments that help preserve …

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Regulators’ plans for US bank leverage relief may underwhelm US Treasury market

By Davide Barbuscia and Pete Schroeder NEW YORK (Reuters) -U.S. Treasury market participants hoping for a long-awaited shift in bank leverage rules may be in for a letdown if U.S. regulators choose to ease capital requirements rather than exclude U.S. government bonds from leverage calculations. The Federal Reserve said this week it would weigh proposals …

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Boeing 737 MAX victims’ relatives ask judge to reject deal ending criminal case

By David Shepardson WASHINGTON (Reuters) -Relatives of some of the 346 people killed in two Boeing 737 MAX crashes in 2018 and 2019 asked a federal judge on Wednesday to reject a deal between the Justice Department and the planemaker that allows the company to avoid prosecution in a criminal fraud case. The agreement enables …

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Investors see quick stock market drop if US joins Israel-Iran conflict

By Noel Randewich (Reuters) -Financial markets may be in for a “knee-jerk” selloff if the U.S. military attacks Iran, with economists warning that a dramatic rise in oil prices could damage a global economy already strained by President Donald Trump’s tariffs. Oil prices fell nearly 2% on Wednesday as investors weighed the chance of supply …

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Fed holds rates steady, but slows expected pace of future cuts

NEW YORK (Reuters) -The Federal Reserve held interest rates steady on Wednesday and policymakers indicated borrowing costs are still likely to fall this year, but slowed the overall pace of expected future rate cuts in the face of estimated higher inflation stemming from the Trump administration’s tariff plans. In new economic projections, policymakers sketched a …

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Stablecoins’ market cap surges to record high as US senate passes bill

(Reuters) -The total market capitalization of stablecoins surged to a record high on Wednesday, data showed, as the U.S. Senate passed a bill to regulate the sector, a major step towards legitimising a once-niche but now fast-growing corner of the crypto market. According to CoinDesk data, the market capitalization of stablecoins hit an all-time high …

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SkyWest, Lithuania deals lift Embraer at Paris Airshow

By Gabriel Araujo SAO PAULO/PARIS (Reuters) -Investors and analysts on Wednesday welcomed fresh deals announced by Brazilian planemaker Embraer at the Paris Airshow, including a major regional jet order from SkyWest and a defense agreement with Lithuania. The announcements helped Embraer’s shares climb as much as 5%, making it the top performer on Brazil’s benchmark …

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Nike delays launch of women’s brand in partnership with Kim Kardashian’s Skims

By Nicholas P. Brown and Ananya Mariam Rajesh (Reuters) -Nike’s launch of a new women’s activewear brand in the U.S. through a partnership with Kim Kardashian-owned shapewear label Skims has been delayed, the Air Jordan maker’s spokesperson told Reuters on Wednesday. The partnership, which was announced in February, is part of new CEO Elliott Hill’s …

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US rate futures bolster September, October rate cut chances after Fed decision

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -Futures on the federal funds rate, which measure the cost of unsecured overnight loans between banks, raised the odds the Federal Reserve would resume cutting interest rates at the September meeting, with a roughly 64% probability. Prior to the Fed’s decision on Wednesday to keep rates unchanged in the …

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Fed’s Powell cautions little conviction in forecasted rate outlook

By Michael S. Derby (Reuters) -Federal Reserve Chairman Jerome Powell cautioned on Wednesday not to place too much stock in the central bank’s interest rate forecasts, which could change based on incoming data, especially on the inflation front. On a day when the Fed reiterated its expectation that its short-term interest rate target will be …

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