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OTTAWA (Reuters) -Canadian Prime Minister Mark Carney announced a limited set of counter measures against U.S. tariffs on Thursday while calling President Donald Trump’s protectionist moves a tragedy for global trade. Carney said the Canadian government will copy the U.S. approach by imposing a 25% tariff on all vehicles imported from the United States that …

Canada unveils limited counter measures against US, calls Trump move a tragedy Read More »

By Jonathan Stempel and Sarah N. Lynch NEW YORK (Reuters) -A federal judge agreed to let the U.S. Department of Justice end its prosecution of two former Cognizant Technology Solutions executives, the first time the department publicly abandoned a foreign bribery case since President Donald Trump halted enforcement of a key anti-bribery law. U.S. District …

Judge grants US request to end foreign bribery case, following Trump executive order Read More »

By Michael S. Derby (Reuters) – Federal Reserve Governor Lisa Cook said on Thursday that the central bank can take its time to assess a highly unsettled environment before moving interest rates again, amid risks inflation could worsen due to tariffs. “Amid growing uncertainty and risks to both sides of our dual mandate, I believe …

Fed’s Cook says time for patience on policy amid inflation risks Read More »

(Reuters) -AbbVie on Thursday cut its 2025 adjusted profit forecast as the drugmaker expects to incur $248 million in acquisition expenses related to milestone payments as well as research and development costs. The company has been focusing on expanding its pipeline since its blockbuster arthritis drug, Humira, lost patent protection in 2023. To that end, …

AbbVie cuts 2025 profit forecast on acquisition expenses Read More »

By Nupur Anand and Niket Nishant (Reuters) -Shares of U.S. banks tumbled to multi-month lows on Thursday, after President Donald Trump’s sweeping tariffs plan sparked fears of a recession and a slowdown in consumer spending that could hurt earnings. Citigroup fell over 12%, while Bank of America sank 11%. Morgan Stanley, Goldman Sachs and Wells …

US bank stocks sink as Trump’s tariffs cloud dealmaking, loan demand Read More »

By Deena Beasley, Mariam Sunny and Siddhi Mahatole (Reuters) -The U.S. Food and Drug Administration has approved expanded use of Amgen’s drug, Uplizna, to help reduce the risk of flares in patients with a rare immune system-related condition, the regulator said on Thursday. The drug, also known as inebilizumab, has now become the first FDA-approved …

US FDA approves Amgen’s Uplizna as first treatment for rare immune disorder Read More »

By Mrinalika Roy (Reuters) – Contemplating smoking your way out of the tariff gloom? Think again. Sweeping tariffs imposed by U.S. President Donald Trump on Wednesday are set to increase prices of cannabis products in the country, as many firms rely on Asia for manufacturing. The latest levies will stack up on any duties imposed …

High just got higher: Trump tariffs to raise prices for US cannabis users Read More »

By Howard Schneider WASHINGTON (Reuters) -U.S. Federal Reserve officials who have said they needed more details before estimating the economic impact of President Donald Trump’s trade plans got perhaps more than they bargained for on Wednesday when he unveiled sweeping tariffs analysts say could dramatically reshuffle the country’s economic outlook. The levies, which Trump gleefully …

With tariff details in hand, Fed now has to weigh inflation risks against blow to growth Read More »

By Veronica Dudei Maia Khongwir BENGALURU (Reuters) – The Reserve Bank of New Zealand will cut interest rates by 25 basis points on April 9, according to economists polled by Reuters, who have held to their previous rate outlook as inflation is expected to remain under control.  Following its most aggressive tightening cycle, the central …

RBNZ set to cut cash rate on April 9, flags further easing: Reuters poll Read More »