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CVS unit must pay $290 million in drug whistleblower lawsuit, judge rules
By Jonathan Stempel Aug 20 (Reuters) - A federal judge ordered CVS Health's CVS.N pharmacy benefit manager unit to pay $289.9 million in damages and penalties after it overcharged Medicare for prescription drugs.In a Tuesday decision, Chief Judge Mitchell Goldberg in Philadelphia federal cour...Reuters
Wed, Aug 20
Trump buys more than $100 million in bonds in office, disclosure shows
WASHINGTON, Aug 20 (Reuters) - U.S. President Donald Trump has bought more than $100 million in company, state and municipal bonds since taking office in January, his disclosures showed this week. The forms, posted online on Tuesday, show the billionaire Republican president made more than 600 finan...Reuters
Wed, Aug 20
China's vice commerce minister meets with foreign businesses
BEIJING, Aug 20 (Reuters) - China's vice commerce minister Ling Ji met with representatives from over 30 foreign firms including ExxonMobil XOM.N, BASF BASFn.DE, IBM IBM.N, Siemens SIEGn.DE and Walmart WMT.N in the city of Guangzhou.China "hopes that foreign enterprises will continue to deep...Reuters
Wed, Aug 20
PrimeEnergy Resources reports 35% decline in Q2 revenue
OverviewPrimeEnergy Q2 revenue falls to $42 mln from $64.8 mln year-over-yearQ2 net income drops to $3.2 mln, diluted EPS at $1.33Company repurchased 53,000 shares, plans to continue buybacks in 2025OutlookCompany plans to continue share repurchases through year-endResult DriversDIVERSIFIED PRODUCTI...Reuters
Wed, Aug 20
Sweden could contribute air, maritime security for Ukraine, PM says
STOCKHOLM, Aug 20 (Reuters) - Sweden's Prime Minister Ulf Kristersson said on Wednesday his country wants to help provide security guarantees for Ukraine as part of a coalition of nations hoping to support an end to the war with Russia.Sweden could contribute air surveillance and potentially mar...Reuters
Wed, Aug 20
Trump Ally Launches Attack — Fed Governor Lisa Cook Accused of “Dual Home Loan Fraud”?
TradingKey - Bill Pulte, Director of the Federal Housing Finance Agency (FHFA) and a Trump ally, has formally written to Attorney General Pam Bondi urging a criminal investigation into Federal Reserve Governor Lisa Cook over two mortgage transactions. Following the newsTradingKey
Wed, Aug 20
US President Trump calls on Fed Governor Cook to resign
In a post published on Truth Social on Wednesday, United States (US) President Donald Trump called on Federal Reserve Governor Lisa Cook to resign, providing a link to a Bloomberg article that is titled "Trump Ally Calls on Bondi to Probe Fed’s Cook Over Mortgages." "The director of the Federal HousFxstreet
Wed, Aug 20
Rockwool Lowers 2025 Outlook
Aug 20 (Reuters) - Rockwool A/S ROCKb.CO:ROCKWOOL Q2 EBIT MARGIN 15.5%ROCKWOOL Q2 EBIT EUR 153 MILLIONROCKWOOL OUTLOOK FY EBIT MARGIN 16%ROCKWOOL Q2 SALES EUR 988 MILLION2025 REVENUE TO BE AT LEVEL WITH LAST YEAR IN LOCAL CURRENCIES,2025 EBIT MARGIN IS EXPECTED TO BE BELOW 16 PERCENT, CHANGED FROM P...Reuters
Wed, Aug 20
South Korean AI software company Upstage raises $45 million for US growth
By Keira WingateAug 20 - (The Insurer) - Upstage AI has raised a $45 million Series B bridge round to accelerate the rollout of its document automation tools for insurance companies, as the South Korean startup seeks to expand in the U.S. and other regulated markets.The funding, backed by Korea Deve...Reuters
Wed, Aug 20
Bpost Temporarily Pauses Postal Shipments To US
Aug 20 (Reuters) - Bpost SA BPOST.BR:BPOST IS TEMPORARILY PAUSING POSTAL SHIPMENTS TO UNITED STATESEFFECTIVE FROM AUGUST 23FOLLOWING A RECENT CHANGE IN CUSTOMS AND TARIFFS RULES FOR U.S., ELIMINATING DE MINIMIS EXEMPTION FOR INBOUND GOODSDE MINIMIS EXEMPTION IS A U.S. TRADE RULE THAT ALLOWS LOW-VALU...Reuters
Wed, Aug 20
RPT-ANALYSIS-Air Canada labor deal may reshape pay for North American airline crews
Tentative deal ends unpaid work for Air Canada flight attendants, union saysStrike reflects broader unrest over unpaid labor in airline industryAirlines face higher costs from new compensation models, analysts sayBy Allison Lampert and Rajesh Kumar Singh MONTREAL/CHICAGO, Aug 20 (Reuters) - A cri...Reuters
Wed, Aug 20
ANALYSIS-Air Canada labor deal may reshape pay for North American airline crews
Tentative deal ends unpaid work for Air Canada flight attendants, union saysStrike reflects broader unrest over unpaid labor in airline industryAirlines face higher costs from new compensation models, analysts sayBy Allison Lampert and Rajesh Kumar Singh MONTREAL/CHICAGO, Aug 20 (Reuters) - A cri...Reuters
Wed, Aug 20
Nordic, Belgian postal operators pause shipments to US as Trump ends parcel tariff relief
STOCKHOLM, Aug 20 (Reuters) - Norwegian, Swedish-Danish and Belgian postal groups Posten Bring, PostNord and bpost are pausing parcel shipments to the United States ahead of the scrapping of a U.S. customs tax loophole that allows duty-free entry for low-value packages, they said on Wednesday. ...Reuters
Wed, Aug 20
Japan's July Exports Record Biggest Drop in Four Years; Exports to the US Decline for Fourth Consecutive Month
TradingKey - On Wednesday, August 20, Japan's Ministry of Finance released trade data showing that July exports fell by a larger-than-expected 2.6% year-on-year, marking the steepest decline since February 2021. Notably, exports to the US fell for the fourth consecutive month with a 10.1% year-on-yeTradingKey
Wed, Aug 20
Swatch ad that sparked backlash puts focus on risky campaigns amid diversity rollbacks
Companies using risky ads amid rollbacks of diversity programs Ads criticized for promoting white-centric ideals, controversial endorsersExperts warn that risky ads may harm brand reputation long-termBy Samantha Marshak and Julaiza Alvarez Aug 20 (Reuters) - In an era of short attention spans and...Reuters
Wed, Aug 20
Champion Breweries To Acquire Bullet From Sun Mark International Limited
Aug 20 (Reuters) - Champion Breweries PLC CHAMPIO.LG:CHAMPION BREWERIES: AGREEMENT TO ACQUIRE BULLET FROM SUN MARK INTERNATIONAL LIMITEDCHAMPION BREWERIES: POST-DEAL, CO TO HOLD MAJORITY INTEREST IN NEW BUSINESS, WHILE VINAR N.V, WILL HOLD MINORITY STAKEReuters
Wed, Aug 20
