By Nell Mackenzie LONDON (Reuters) – Hedge funds sold industrial stocks at the fastest pace since December, while buying energy stocks for the fourth straight week last week, a Goldman Sachs note seen by Reuters on Monday showed. Hedge funds last week sold industrial stocks at some of the highest levels seen in five years,…
By Jarrett Renshaw (Reuters) – In the five weeks since U.S President Joe Biden abandoned his flailing reelection bid, the Democratic Party’s fortunes have changed dramatically, and this week the change will be on full display. Vice President Kamala Harris, now the party’s candidate, is heading into the Democratic National Convention riding a historic whirlwind:…
By Nathan Layne and Joseph Ax WILKES-BARRE, Pennsylvania (Reuters) – Republican Donald Trump and Democrat Kamala Harris will hold dueling campaign events this weekend in Pennsylvania, the political battleground that may be the most critical state in the Nov. 5 presidential election. Trump, the former president, will hold a Saturday rally in Wilkes-Barre in the…
(Reuters) – British drugmaker GSK said on Friday it would seek a dismissal of an upcoming Zantac case in Florida, where plaintiffs alleged that its discontinued heart burn drug had caused prostate cancer. The move followed a Florida court ruling on Thursday in favour of GSK and other defendants. The ruling excluded testimony from experts…
By Carolina Mandl NEW YORK (Reuters) – ExodusPoint Capital Management reported a $1 billion drop in assets under management in the first half of 2024, according to a regulatory filing. The filing gave no reason for the drop but a source familiar with the matter said it was due to withdrawals of money by clients….
(Reuters) – Vice President Kamala Harris’ speech in Raleigh, North Carolina, on Friday will focus on economics, and specifically around her plans to lower costs and target “corporate price-gouging” if she is elected president, according to her campaign. Inflation has been a persistent sore spot for American consumers, overshadowing an otherwise healthy economy with a…
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…
