Reuters US Business

By Jonathan Stempel (Reuters) – A federal judge ordered a Johnson & Johnson unit on Friday to pay the U.S. government $1.64 billion after a jury found it liable in a whistleblower lawsuit for illegally promoting the HIV drugs Prezista and Intelence. U.S. District Judge Zahid Quraishi in Trenton, New Jersey, ordered the drugmaker’s Janssen …

Johnson & Johnson unit ordered to pay $1.64 billion in HIV drug marketing case Read More »

By Shariq Khan NEW YORK (Reuters) -Oil prices fell on Friday on worries that U.S. tariff wars could spark a global recession, but gained for a third consecutive week after Washington ratcheted up pressure on OPEC members Venezuela and Iran. Brent crude futures fell 40 cents, or 0.5% to settle at $73.63 a barrel. U.S. …

Oil slips on recession fears but posts 3rd weekly gain Read More »

(Reuters) – Social media platform X on Friday recovered after a short outage that impacted thousands of users in the U.S., according to outage tracking website Downdetector.com. The disruptions eased around 3:10 p.m. ET, according to Downdetector, which tracks outages by collating status reports from various sources. There were more than 53,000 incidents of people …

Musk’s X back up after brief outage hits US users, Downdetector shows Read More »

By David Shepardson and Dawn Chmielewski WASHINGTON/LOS ANGELES (Reuters) -The head of the Federal Communications Commission on Friday said he is opening an investigation into the diversity practices of Walt Disney and its ABC unit, saying they may violate U.S. equal employment opportunity regulations. FCC Chair Brendan Carr wrote Disney CEO Robert Iger in a …

FCC opening probe into diversity practices at Disney and ABC Read More »

By Scott DiSavino (Reuters) -U.S. natural gas futures climbed about 3% to a one-week high on Friday on record flows to liquefied natural gas export plants and a decline in daily output. On its first day as the front month, gas futures for May delivery on the New York Mercantile Exchange rose 11.5 cents, or …

US natgas prices climb 3% on record LNG flows, lower daily output Read More »

By Ann Saphir (Reuters) -San Francisco Federal Reserve Bank President Mary Daly still sees two interest-rate cuts this year as a “reasonable” projection, but the recent plateauing of inflation progress gives her less confidence in that outlook, and with the labor market solid and the economy still growing, policymakers can wait to reduce rates until …

Exclusive-Fed’s Daly says flat progress on inflation hurts confidence in rate cut outlook Read More »

By Scott DiSavino (Reuters) -U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in three weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell by one to …

US drillers cut oil and gas rigs for first time in three weeks, Baker Hughes says Read More »