By Patrick Wingrove and Trevor Hunnicutt WASHINGTON (Reuters) -The Biden administration said on Thursday it has negotiated down the prices of 10 top-selling prescription drugs used by Medicare by as much as 79% and hopes to save $6 billion in the first year, aiming to ease Americans’ anger about high prices ahead of elections. President…
BRASILIA (Reuters) – A Brazilian Senate committee on Wednesday once again postponed a vote on a constitutional amendment proposal to grant financial autonomy to the central bank, which is backed by conservative lawmakers but opposed by President Luiz Inacio Lula da Silva. The vote had already been delayed in July and the proposal’s sponsor, Senator…
By Jarrett Renshaw (Reuters) – President Joe Biden will announce Tuesday he is putting $150 million in new federal funding towards developing technology to better help surgeons successfully remove cancerous tumors, the White House said. The award, to be announced during a visit to New Orleans, is the latest infusion of cash in Biden’s “Cancer…
WASHINGTON (Reuters) – U.S. producer prices increased less than expected in July as a rise in the cost of goods was tempered by cheaper services, indicating that inflation continued to moderate. The producer price index for final demand gained 0.1% last month after rising by an unrevised 0.2% in June, the Labor Department’s Bureau of…
By Andrea Shalal WASHINGTON (Reuters) – The Democratic National Committee will spend over $100,000 in a first-ever push to register the 9 million Americans living abroad, working to win votes for the party’s nominee Vice President Kamala Harris in the Nov. 5 presidential election. The funding for Democrats Abroad, which represents Democrats living outside the…
By Jeff Mason LAS VEGAS (Reuters) -U.S. Vice President Kamala Harris told supporters in Nevada on Saturday she supported eliminating taxes on tips, taking a similar position to her rival Donald Trump in an effort to win over service workers, an important constituency in the state. Harris and her Democratic running mate, Minnesota Governor Tim…
By Tatiana Bautzer NEW YORK (Reuters) – Citigroup’s wealth unit has initiated a process to sell its trust administration and fiduciary services business, the bank said in a statement on Friday.”To enhance our focus on delivering the wealth structuring advice that matters most to our global clients, Citi Wealth has initiated a process to sell…
By Sriparna Roy and Mariam Sunny (Reuters) -The U.S. FDA has declined to approve a therapy based on the mind-altering drug MDMA for patients with post-traumatic stress disorder, stating it could not be approved based on the data submitted, developer Lykos Therapeutics said on Friday. Commonly known as ecstasy or molly, MDMA has long been…
By Nathan Layne and Joseph Ax (Reuters) – Republican presidential nominee Donald Trump said he will hold a news conference on Thursday afternoon at his residence in Palm Beach, Florida, his first public appearance since his Democratic opponent, Kamala Harris, selected Minnesota Governor Tim Walz as her running mate. Trump did not say whether the…
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Investors avoided trendy short-dated equity options and looked to longer-tenor contracts for protection during a meltdown in U.S. stock earlier this week, exposing the limitations of so-called 0DTE options in guarding against sustained market gyrations, data showed. Traders have flocked to S&P 500 contracts with zero days…
