News
Important Only
Merck, Daiichi withdraw US application for 'guided missile' cancer drug
May 29 (Reuters) - Merck MRK.N and Japan-based Daiichi Sankyo 4568.T said on Thursday they have withdrawn the U.S. application for an experimental lung cancer treatment, which belongs to a lucrative class of cancer therapies that work like "guided missiles".Reuters
Thu, May 29
US FDA asks Stealth BioTherapeutics to resubmit application for rare genetic condition therapy
May 29 (Reuters) - The U.S. Food and Drug Administration has asked for a resubmission of Stealth BioTherapeutics' marketing application for its experimental therapy targeting a rare genetic condition, Barth syndrome, the company said on Thursday. The drug developer added that it has implemented ...Reuters
Thu, May 29
Department store chain Kohl's quarterly loss smaller than expected
May 29 (Reuters) - Kohl's KSS.N reported a smaller quarterly loss than its previous forecast and maintained its annual targets on Thursday, as the U.S. department store chain focuses on its turnaround efforts to cut costs amid a choppy demand environment.The company, which fired its CEO earlier ...Reuters
Thu, May 29
South Korean navy patrol aircraft crashes killing 4 crew
SEOUL, May 29 (Reuters) - A South Korean maritime patrol aircraft crashed soon after takeoff near a military base in the southern city of Pohang on Thursday, killing all four crew members, the navy said.The P-3 aircraft went down about six minutes after it left the airfield on a training mission at ...Reuters
Thu, May 29
Best Buy cuts annual sales forecast
May 29 (Reuters) - Best Buy BBY.N slashed its annual comparable sales forecast on Thursday, on signs that consumer demand for big-ticket items such as appliances, home theater and gaming consoles will be pressured by U.S. tariffs. The top U.S. electronics retailer expects fiscal 2026 comparable sale...Reuters
Thu, May 29
Axa XL names Ivanova to lead international property reinsurance
By Navneeta NandanMay 29 - (The Insurer) - Axa XL announced on Thursday that Petya Ivanova has been appointed head of property for international reinsurance, effective July 1.In her new role, Ivanova will be responsible for overseeing Axa XL's property portfolio across the international region.W...Reuters
Thu, May 29
Amazon's Zoox issues second software recall this month after San Francisco crash
May 29 (Reuters) - Amazon.com's AMZN.O self-driving unit Zoox has issued a second software recall this month to improve how its vehicles track nearby pedestrians and prevent movement when someone is close, following a crash in San Francisco earlier this month.The recall covers 270 vehicles equip...Reuters
Thu, May 29
PRESS DIGEST-Canada - May 29
May 29 (Reuters) - The following are the top stories from The Globe and Mail. Reuters has not verified these stories and does not vouch for their accuracy.THE GLOBE AND MAIL- Fertilizer producer Nutrien NTR.TO said it was planning a major terminal at a Pacific Northwest port and is currently explori...Reuters
Thu, May 29
Rokstone unveils international casualty division, eyes $850 million GWP in five years
By Navneeta NandanMay 29 - Aventum Group’s specialty MGA Rokstone announced on Thursday that it has launched an international casualty division, with Convex's Sam Wylie appointed as portfolio manager.The international casualty division will be backed by A-rated Lloyd’s capacity, Rokstone said in...Reuters
Thu, May 29
Morning News Call - U.S., May 29
To access a PDF version of this newsletter, please click hereYou can read Morning News Call -- US via TOPNEWS U.S. Companies page.If you would like to receive this newsletter through your email, please register at:https://solutions.lseg.com/MorningNewsCallEN-subscription-pageFor Morning News Call Ca...Reuters
Thu, May 29
JetBlue, United tie up to let passengers book on both websites
By David Shepardson May 29 (Reuters) - JetBlue Airways and United Airlines unveiled on Thursday plans for a consumer collaboration that allows travelers to book flights on both carriers' websites, while interchangeably earning and using points in their frequent flyer programs.Under the deal, ...Reuters
Thu, May 29
JPMorgan hires former HSBC dealmaker Kamal Jabre to drive EMEA growth
May 29 (Reuters) - JPMorgan JPM.N has named HSBC's HSBA.L former global head of mergers and acquisitions, Kamal Jabre, as its new M&A Vice Chair to drive expansion across Europe, the Middle East and Africa (EMEA), according to a memo seen by Reuters on Thursday.Alongside Jabre, the bank also...Reuters
Thu, May 29
Reuters Econ World: Now what?
By Carmel CrimminsMay 22 - Three judges at the little-known United States Court of International Trade have thrown a spanner in the works of U.S. President Donald Trump’s April 2 tariffs. They ruled that they are “invalid as contrary to law”. Cue a rally in global stock markets and a boost for the d...Reuters
Thu, May 29
Stellantis' newly appointed CEO chooses Europe for first leg of company tour
MILAN, May 29 (Reuters) - Stellantis' STLAM.MI newly appointed CEO Antonio Filosa on Thursday picked Europe to kick off a tour of the automaker's production sites and offices before formally taking up his new job at the end of next month.Filosa's decision to begin his visits on the conti...Reuters
Thu, May 29
Atrium appoints Payne as deputy head of digital underwriting
May 29 - (The Insurer) - Specialty insurer Atrium has promoted Adam Payne to deputy head of digital underwriting as it looks to ramp up its digital capabilities, the company said on Thursday.Payne will work along with Simon Lewis, head of digital underwriting, to enhance the insurer’s digital strate...Reuters
Thu, May 29
Bank of Korea Cuts Rates for Fourth Time Amid Domestic and Global Pressures, Reaching 2.5%, a Near Three-Year Low
TradingKey - On Thursday, the Bank of Korea announced a resumption of its rate-cutting cycle, lowering the benchmark interest rate by 25 basis points to 2.50% from 2.75%.TradingKey
Thu, May 29
Edison CEO expresses confidence in arbitration outcome with US LNG supplier Venture Global
May 29 (Reuters) - Edison EDNn.MI CEO Nicola Monti says:ITALY'S EDISON CEO: EXPECTS RULING IN ARBITRATION AGAINST VENTURE GLOBAL WITHIN SIX MONTHSITALY'S EDISON CEO: CONFIDENT ABOUT OUTCOME OF ARBITRATION AGAINST US LNG SUPPLIER VENTURE GLOBALFurther company coverage: [EDNn.MI]Reuters
Thu, May 29
