News
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Russia and China agree on need to remove 'root causes' of conflict in Ukraine, Kremlin says
MOSCOW, May 8 (Reuters) - Russian President Vladimir Putin and his Chinese counterpart Xi Jinping are convinced that the conflict in Ukraine can only be resolved by removing its "root causes", the Kremlin cited a joint statement as saying on Thursday. At talks in Moscow, Putin thanked Xi for...Reuters
Thu, May 8
Canadian Utilities Appoints Nancy Southern As Executive Chair, Bob Myles Named CEO
May 8 (Reuters) - Canadian Utilities Ltd CU.TO:CANADIAN UTILITIES APPOINTS NANCY SOUTHERN AS EXECUTIVE CHAIR; BOB MYLES NAMED CHIEF EXECUTIVE OFFICERCANADIAN UTILITIES LTD - BOB MYLES NAMED CHIEF EXECUTIVE OFFICER OF CANADIAN UTILITIESCANADIAN UTILITIES LTD - APPOINTS NANCY SOUTHERN AS EXECUTIVE CHA...Reuters
Thu, May 8
Pakistan defence minister says U.S. leading de-escalation efforts in India conflict
ISLAMABAD, May 8 (Reuters) - The United States is leading global efforts to reduce tensions between India and Pakistan, Pakistan's Defence Minister Khawaja Muhammad Asif told Reuters on Thursday.India's drone incursions into Pakistan on Thursday made Pakistan's attack on India "incre...Reuters
Thu, May 8
Tennis-Osaka inspired by Agassi as she embraces claycourt grind
May 8 (Reuters) - Four-times Grand Slam champion Naomi Osaka said this year's claycourt swing feels different as she enters it with momentum and confidence following a run of victories.Japan's Osaka beat Slovenian Kaja Juvan 6-1 7-5 last week in the final of the L'Open 35 de Saint-Ma...Reuters
Thu, May 8
Sweden donates $2 mln to Radio Free Europe after Trump freezes funding
STOCKHOLM, May 8 (Reuters) - Sweden will donate 20 million crowns ($2.1 million) to Radio Free Europe/Radio Liberty, the Nordic country said on Thursday, after the administration of President Donald Trump ordered a freeze of federal grants to the media outlet.Radio Free Europe/Radio Liberty was set ...Reuters
Thu, May 8
Accelerate Diagnostics files for Chapter 11 bankruptcy
May 8 (Reuters) - Accelerate ceo says the company plans a sale of assets through a court-supervised auction, has a stalking-horse bidder, and hopes to close within 90 days, court records showAccelerate diagnostics files for chapter 11 bankruptcy protection in delaware, court records showAccelerate s...Reuters
Thu, May 8
Viagra-maker Viatris beats quarterly estimates on demand for branded drugs in China
May 8 (Reuters) - Drugmaker Viatris VTRS.O beat Wall Street estimates for first-quarter profit and revenue on Thursday, helped by sales of its branded drugs in China.The company's shares, which rose over 4% in premarket trading earlier after its pain drug and birth control patch succeeded in lat...Reuters
Thu, May 8
Bill Gates to give away fortune by 2045, $200bn for world's poorest
Billionaire Microsoft co-founder speeds up donation planGates says foundation will spend around $200 bln by 2045Urges governments, wealthy people to help world's poorBy Jennifer Rigby LONDON, May 8 (Reuters) - Bill Gates pledged on Thursday to give away almost his entire personal wealth in th...Reuters
Thu, May 8
SNAPSHOT-The latest developments in the India-Pakistan conflict
NEW DELHI, May 8 (Reuters) - India struck multiple locations in Pakistan this week after a deadly April 22 attack targeting Hindu tourists in Indian Kashmir that New Delhi blames on its Muslim neighbour.Pakistan, which denies any link to the Kashmir violence, said on Thursday it shot down 25 drones ...Reuters
Thu, May 8
Merck Animal Health announces $895 million investment in Kansas
May 8 (Reuters) - Merck Animal Health, a unit of Merck MRK.N, said on Thursday it would invest $895 million to expand its manufacturing facility in De Soto, Kansas.The capital expansion includes an investment of $860 million in the site's existing manufacturing facility and a further $35 million...Reuters
Thu, May 8
Novavax swings to profit on lower expenses related to COVID shots
May 8 (Reuters) - Novavax NVAX.O on Thursday swung to a first-quarter profit from a year-ago loss, helped by reduced costs related to the development and sale of its COVID-19 vaccines, its only product on the market.Novavax, whose protein-based shot uses an older technology, missed out on the pandem...Reuters
Thu, May 8
RPT-BREAKINGVIEWS-Geely’s electric vehicle US delisting is shrewd
By Katrina Hamlin HONG KONG, May 8 (Reuters Breakingviews) - Sometimes a U-turn is necessary. China's Geely Auto 0175.HK is offering to take electric-vehicle unit Zeekr ZK.N private less than a year after the company's debut in New York. Absorbing the $6.4 billion entity will help Geely g...Reuters
Thu, May 8
RPT-BREAKINGVIEWS-Disney’s old magic faces a more hostile world
By Jennifer Saba NEW YORK, May 7 (Reuters Breakingviews) - In the Magic Kingdom, it’s all smiles. Outside of boss Bob Iger’s domain, though, storm clouds are brewing. Walt Disney DIS.N reported strong results on Wednesday, as money-printing theme parks and a surge of new streaming subscribers bu...Reuters
Thu, May 8
RPT-BREAKINGVIEWS-Capital intensity will reprogram Big Tech values
By Jeffrey Goldfarb NEW YORK, May 7 (Reuters Breakingviews) - Big Tech is attempting the mother of all pivots. Although startups from Twitter to Instagram are renowned for remaking their businesses on the fly, none compares to the scale of the transformations underway at Microsoft MSFT.O and othe...Reuters
Thu, May 8
PRESS DIGEST-Canada - May 8
May 8 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.THE GLOBE AND MAILMontreal-based pension fund Caisse is leading a new round of investment worth $160 million in Germain Hotels to speed ...Reuters
Thu, May 8
Mira Pharmaceuticals Agrees To Acquire Skny Pharmaceuticals - SEC Filing
May 8 (Reuters) - Mira Pharmaceuticals Inc MIRA.O:MIRA PHARMACEUTICALS INC - ON APRIL 30, AGREED TO ACQUIRE SKNY PHARMACEUTICALS - SEC FILINGMIRA PHARMACEUTICALS INC - COMBINED ENTERPRISE VALUE EXCEEDS $60 MILLION - SEC FILINGMIRA PHARMACEUTICALS INC -UNDER DEAL SKNY TO CONTRIBUTE $5 MILLION TO MIRA...Reuters
Thu, May 8
Apollo Technology Capital Corporation To Nominate Six Directors To Medipharm Labs' Board
May 8 (Reuters) - Medipharm Labs Corp LABS.TO:APOLLO TECHNOLOGY CAPITAL CORPORATION :TO NOMINATE SIX DIRECTORS TO MEDIPHARM LABS' BOARDAPOLLO: TOGETHER WITH ITS AFFILIATES AND ASSOCIATES COLLECTIVELY OWN ABOUT 3.0% OF MEDIPHARM STOCKReuters
Thu, May 8
Higher interest rates to delay U.S. residential market recovery, CRH CEO says
DUBLIN, May 8 (Reuters) - A recovery in the currently subdued U.S. residential construction market will inevitably take longer due to interest rates and inflation potentially staying higher for longer, the head of the largest building materials producer in the United States, CRH CRH.N, said on Thurs...Reuters
Thu, May 8
Morning News Call - Canada, May 8
To access a PDF version of this newsletter, please click hereYou can read Morning News Call Canada via TOPNEWS Canada page.If you would like to receive this newsletter through your email, please register at:https://solutions.lseg.com/MorningNewsCallEN-subscription-pageCOMPANIES REPORTING RESULTSMay ...Reuters
Thu, May 8
