News
Important Only
Idaho agrees not to prosecute doctors for out-of-state abortion referrals
By Jonathan Stempel July 17 (Reuters) - Idaho, which has a near-total ban on abortion, agreed not to prosecute or take away licenses of doctors who refer patients out of state to obtain the procedure, under a consent decree approved by a federal judge on Thursday.The decree prevents Idaho's R...Reuters
Thu, Jul 17
Bolsonaro's son working with White House to sanction Brazilian judge, Washington Post reports
WASHINGTON, July 17 (Reuters) - A son of Brazil's former president Jair Bolsonaro is working closely with the White House to impose sanctions on the Brazilian Supreme Court judge set to preside over Bolsonaro's upcoming trial, the Washington Post reported on Thursday, citing four people fami...Reuters
Thu, Jul 17
Democratic attorneys general sue to block HHS changes to ACA health insurance marketplaces
Democratic attorneys general file lawsuit in Massachusetts federal courtHHS rule could lead to 1.8 million losing health insuranceRule changes may increase premiums and out-of-pocket costsBy Diana Novak JonesCHICAGO, July 17 (Reuters) - A group of Democratic attorneys general sued Thursday to block ...Reuters
Thu, Jul 17
Trump administration tells US diplomats abroad not to opine on foreign elections
By Humeyra Pamuk WASHINGTON, July 17 (Reuters) - U.S. Secretary of State Marco Rubio instructed U.S. diplomats worldwide not to comment on the fairness or integrity of elections conducted by foreign countries, according to an internal note seen by Reuters on Thursday, in a significant departure f...Reuters
Thu, Jul 17
Judge rules Trump's firing of FTC commissioner was illegal
WASHINGTON, July 17 (Reuters) - A federal judge on Thursday ruled that the firing of U.S. Federal Trade Commission member Rebecca Slaughter by President Donald Trump earlier this year was illegal.U.S. District Judge Loren AliKhan said the Trump administration’s attempt to remove Slaughter did not co...Reuters
Thu, Jul 17
AM Best revises outlook on CargoCorp’s PA-3 to positive
By Chris MunroJuly 17 - (The Insurer) - The outlook on CargoCorp Underwriters’ PA-3 (Strong) performance assessment has been revised to positive from stable by AM Best on the back of the Miami-headquartered MGA’s strong underwriting capabilities and “excellent governance and internal controls.”In a ...Reuters
Thu, Jul 17
BayCom beats Q2 net income expectations
OverviewBayCom reports Q2 net income of $6.4 mln, beating analysts' expectationsNet interest income rose to $23.2 mln, driven by higher loan incomeCo repurchased 148,450 sharesOutlookBayCom remains focused on managing operating expenses amid economic uncertaintyCompany emphasizes strong credit d...Reuters
Thu, Jul 17
Washington Federal Q3 EPS beats expectations on improved margins
OverviewWashington Federal fiscal Q3 EPS of $0.73 beats analyst expectations, per LSEG dataNet interest income rises to $168 mln, driven by improved marginsCo repurchased 1.66 mln shares during quarterOutlookCompany notes tepid loan demand amid economic uncertaintyWashington Federal anticipates cont...Reuters
Thu, Jul 17
Canada's Choice Properties REIT swings to Q2 net loss
OverviewChoice Properties swings to Q2 net loss from year-ago net profit FFO per unit increased 3.9% yr/yrOutlookChoice Properties targets 2%-3% growth in Same-Asset NOI, Cash Basis for 2025Company expects annual FFO per unit diluted of C$1.05-C$1.06Choice Properties aims for adjusted debt to EBITDA...Reuters
Thu, Jul 17
US Commerce Dept sets 93.5% anti-dumping tariff on Chinese anode graphite
July 17 (Reuters) - The U.S. Commerce Department said on Thursday it will impose preliminary anti-dumping duties of 93.5% on anode-grade graphite imported from China after concluding that the materials, which are a key component for electric vehicle batteries, are being sold in the U.S. at less than...Reuters
Thu, Jul 17
Inside Debt - July 17
To access a PDF version of this newsletter, please click hereYou can read Inside Debt via TOPNEWS Fixed Income page.If you would like to receive this newsletter through your email, please register at: https://solutions.lseg.com/Inside-Debt-Subscription-pageFor an index of our newsletters click on NE...Reuters
Thu, Jul 17
Chemung Financial reports Q2 net loss
OverviewChemung Financial Q2 net loss of $6.5 mln, compared to net income of $5 mln a year agoCo issued $45 mln in subordinated debt, sold securities for balance sheet repositioningNet interest income rose 5% qtr/qtrOutlookCompany anticipates lower funding costs starting in Q3 2025Company's stra...Reuters
Thu, Jul 17
CORRECTED-Many US employers plan to pare health benefits as weight-loss spending soars
Weight-loss drug costs are top concern for 77% of employersOver half of large employers plan to increase cost-sharingEmployers seek alternatives to pharmacy benefit managers By Amina Niasse NEW YORK, July 16 (Reuters) - More than half of large U.S. employers plan to scale back healthcare benefits...Reuters
Thu, Jul 17
Aspen appoints Welch to newly created group CUO role
By Isha MaratheJuly 17 - (The Insurer) - Aspen Insurance Holdings has appointed John Welch, who joined the (re)insurer from Axa XL in 2023, as group chief underwriting officer, effective August 1.In the newly created role, Welch will lead the oversight, development and execution of Aspen’s underwri...Reuters
Thu, Jul 17
Mangrove approved to assume 32,000 policies from Citizens in Q4
By Isha MaratheJuly 17 - (The Insurer) - The Florida Office of Insurance Regulation has approved Mangrove Property Insurance Company to assume up to 32,000 policies from Citizens Property Insurance Corporation in the fourth quarter.The approval is in connection with Citizens’ policy takeout process...Reuters
Thu, Jul 17
Moody's lifts Argentina rating to 'Caa1'
July 17 (Reuters) - Credit ratings agency Moody's on Thursday upgraded Argentina's rating to 'Caa1' from 'Caa3,' citing improved liquidity and external financing support under a new IMF program. The agency revised its outlook on the South American country to 'stable' ...Reuters
Thu, Jul 17
Bahrain's Gulf Air Signs agreement with Boeing worth up to $4.6 bln to acquire 18 Boeing 787 Dreamliners -Bahraini state news agency
July 17 (Reuters) - BAHRAIN'S STATE NEWS AGENCY BNA:BAHRAIN'S NATIONAL CARRIER GULF AIR ANNOUNCED SIGNING AN AGREEMENT WITH BOEING VALUED AT UP TO $4.6 BILLION TO ACQUIRE 18 BOEING 787 DREAMLINER AIRCRAFTSReuters
Thu, Jul 17
US DOJ fires federal prosecutor Maurene Comey, daughter of ex-FBI head James Comey
Maurene Comey was prosecutor in cases of Sean 'Diddy' Combs and Ghislaine MaxwellJames Comey was fired by Trump in his first term, is currently under investigationBy Sarah N. Lynch and Kanishka Singh WASHINGTON, July 16 (Reuters) - The U.S. Justice Department has fired Maurene Comey, the ...Reuters
Thu, Jul 17
