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Exclusive: Harper and Cala-led Euclid Crisis Management launches with AmTrust paper
Former Tokio Marine HCC and Chubb UW execs Scott Harper and Joe Cala launch Euclid Crisis ManagementTrio of offerings product contamination, product recall, and restaurant contaminationCarrier partner is AmTrust on E&S paper with ECM offering up to $10 million of limitCan write on a primary or e...Reuters
Thu, Jul 10
Everest International names Shaw as CCO
By Rebecca DelaneyJuly 10 - (The Insurer) - Everest has appointed Mark Shaw as chief commercial officer for its international operations, the company said on Thursday.In his new role, Shaw will be responsible for leading the division’s international distribution strategy and client engagement, with ...Reuters
Thu, Jul 10
US FDA publishes 200 rejection letters in transparency push
July 10 (Reuters) - The U.S. Food and Drug Administration on Thursday published more than 200 of its so-called complete response letters to drugmakers, a significant move to increase transparency of the agency's work. The published letters were issued in response to marketing applications of cer...Reuters
Thu, Jul 10
FDA Embraces Transparency By Publishing Complete Response Letters
July 10 (Reuters) - FDA EMBRACES RADICAL TRANSPARENCY BY PUBLISHING COMPLETE RESPONSE LETTERSUS FDA: PUBLISHED MORE THAN 200 DECISION LETTERS, KNOWN AS COMPLETE RESPONSE LETTERSUS FDA: IN PROCESS OF PUBLISHING ADDITIONAL CRLS FROM ITS ARCHIVESSource text: [ID:]Further company coverage: [ ]Reuters
Thu, Jul 10
Insuramore: Global MGA, MGU and coverholder revenues rise to $29.25 billion in 2024
By Mia MacGregorJuly 10 - (The Insurer) - The MGA, MGU and coverholder group sector saw significant growth in 2024, with global revenue reaching $29.25 billion, according to an updated ranking and analysis by Insuramore.The report noted that 70% to 75% of sector revenue came from direct commercial p...Reuters
Thu, Jul 10
Rubio has 'frank' talks with Russia's Lavrov in Kuala Lumpur
Rubio said he reinforced Trump's disappointment with RussiaUS 'needs to see a roadmap' for end to Ukraine war, he saysTrump is engaging with Senate on potential new sanctionsBy Daphne Psaledakis KUALA LUMPUR, July 10 (Reuters) - Secretary of State Marco Rubio said he expressed the Uni...Reuters
Thu, Jul 10
Humanoid robot startup Diligent taps Cruise executives as it looks beyond healthcare
July 10 (Reuters) - Diligent Robotics has added two top executives from robotaxi firm Cruise as it prepares to scale beyond hospital logistics, the humanoid robot maker said on Thursday.The hires signal a strategic shift to broader commerical applications for Diligent, whose Moxi robot handles non-p...Reuters
Thu, Jul 10
WK Kellogg agrees to $3.1 billion buyout deal by Italy's Ferrero
July 10 (Reuters) - WK Kellogg KLG.N on Thursday agreed to be bought by the owner of Ferrero Rocher in a deal worth around $3.1 billion, as the cereal maker has been struggling with weakening consumer demand due to persistently high inflation.Reuters
Thu, Jul 10
Ex-ASML, NXP employee sentenced to three year jail term for sharing corporate secrets
ROTTERDAM, July 10 (Reuters) - A Dutch court on Thursday sentenced a former employee of semiconductor firms ASML ASML.AS and NXP NXPI.O to three years in prison for sharing sensitive company technology with a contact in Russia, in violation of European Union sanctions.The District Court of Rotterdam...Reuters
Thu, Jul 10
Brazil's Lula calls cabinet meeting to discuss reaction to Trump tariffs
BRASILIA, July 10 (Reuters) - Brazilian President Luiz Inacio Lula da Silva called a meeting with ministers on Thursday to discuss his government's reaction to the 50% tariff U.S. President Donald Trump said he would slap on all imports from the South American country.The Brazilian government, t...Reuters
Thu, Jul 10
Varda Space raises $187 million to accelerate development of drugs in space
July 10 (Reuters) - Varda Space Industries said on Thursday it has raised $187 million in a funding round led by venture capital firms Natural Capital and Shrug Capital, to boost the technology for robotic drug manufacturing in space. The latest round, which included participation from Lux Capital, ...Reuters
Thu, Jul 10
German tower that became casualty of property crisis put up for sale
LONDON/FRANKFURT, July 10 (Reuters) - Administrators are seeking buyers for a skyscraper in Germany's financial capital of Frankfurt following its owner filing for insolvency last year, in a significant test for whether the country's punishing office property downturn has found a bottom. The...Reuters
Thu, Jul 10
Rights defenders denounce US sanctions on UN expert on Palestinians
U.S. said Albanese's work prompted unfair prosecutions at ICCAlbanese accused companies this month of supporting settlements, Israeli war actionsOther UN experts fear sanctions could set precedentBy Emma Farge GENEVA, July 10 (Reuters) - Human rights defenders rallied on Thursday to support t...Reuters
Thu, Jul 10
Merz: Germany prepared to buy Patriots from U.S. for Ukraine
ROME, July 10 (Reuters) - Germany is prepared to buy Patriot air defence systems from the United States and provide them to Ukraine, German Chancellor Friedrich Merz said in Rome on Thursday."We are also prepared to purchase additional Patriot systems from the U.S. to make them available to Ukra...Reuters
Thu, Jul 10
Moderna gets full US approval for COVID-19 vaccine in children 6 months and older
July 10 (Reuters) - The U.S. Food and Drug Administration has granted full approval for Moderna's MRNA.O COVID-19 vaccine, Spikevax, in children aged 6 months through 11 years who are at an increased risk of the disease, the company said on Thursday.Reuters
Thu, Jul 10
REFILE-Northern Technologies Q3 sales rise 4%, expects profitability in fiscal 2026
OverviewNorthern Technologies International Corp (NTIC) Q3 net sales grow 4%, driven by ZERUST industrial demandAdjusted EPS for fiscal Q3 missed analyst expectations, per LSEG dataNet income drops due to strategic investments and macro challengesOutlookCompany expects ZERUST oil and gas sales to im...Reuters
Thu, Jul 10
US, Malaysia sign MoU on civil nuclear cooperation, State Department says
July 10 (Reuters) - U.S. Secretary of State Marco Rubio signed a Memorandum of Understanding with Malaysia's Foreign Minister Mohamad Hasan on civil nuclear cooperation, the State Department said in a statement on Thursday. "The signing of this... marks an important step toward establishing ...Reuters
Thu, Jul 10
Rubio: Hopeful on Gaza deal, Witkoff to hold talks soon
KUALA LUMPUR, July 10 (Reuters) - Secretary of State Marco Rubio said on Thursday that the U.S. is hopeful on securing a ceasefire deal in Gaza and that U.S. envoy Steve Witkoff is optimistic that proximity talks would be held soon. "I think we're closer, and I think perhaps we're cl...Reuters
Thu, Jul 10
