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Pfizer leans on cost cuts to offset falling revenue
Pfizer posts mixed first-quarter results, maintains annual forecast COVID vaccine sales better-than-expected, while sales of antiviral treatment declineExpects to save $7.7 billion in costs by end of 2027 By Bhanvi Satija and Michael Erman April 29 (Reuters) - Pfizer PFE.N said on Tuesday it woul...Reuters
Tue, Apr 29
Valeo says 90% of its Mexican products shipped to US now USMCA compliant
By Mathias de RozarioApril 29 (Reuters) - French car parts supplier Valeo VLOF.PA said on Tuesday that 90% of the products produced by the group in Mexico and imported into the U.S. are now compliant with the United States-Mexico-Canada-Agreement (USMCA).President Donald Trump's broad threats of...Reuters
Tue, Apr 29
Syria's foreign minister expected to meet with State Dept officials in New York, sources say
By Humeyra Pamuk WASHINGTON, April 29 (Reuters) - Syria's Foreign Minister Asaad al-Shibani is set to meet with senior U.S. State Department officials later on Tuesday in New York, two sources familiar with the matter said, and plead with Washington to provide a clear roadmap for permanent sa...Reuters
Tue, Apr 29
Brazil's BRF close to wrapping up acquisition of its first China meat factory
SAO PAULO, April 29 (Reuters) - BRF BRFS3.SA, one of the world's largest chicken and pork meat processors, expects to complete its purchase of a factory in Henan, China, in the coming days, the company's vice president of finance and investor relations, Fabio Mariano, told Reuters.The unit i...Reuters
Tue, Apr 29
February bar exam scores dropped in big states
By Karen Sloan April 29 (Reuters) - Results for this year’s February bar exam were all over the map, with notable pass rate declines in most of the biggest states.Of the 43 states that reported results as of Tuesday, 24 had lower overall pass rates compared with the previous February exam, while ...Reuters
Tue, Apr 29
Jalisco ranch was longstanding operation site for organized crime, Mexico AG says
MEXICO CITY, April 29 (Reuters) - Mexico's attorney general, Alejandro Gertz, said on Tuesday that the ranch in Teuchtitlan, Mexico's Jalisco state, where human remains, piles of clothes and weapons were found last month was a longstanding operation and training site for organized crime. The...Reuters
Tue, Apr 29
ASM International expects FY sales growth of 10%-20% despite tariff uncertainty
Expects FY sales growth of 10%-20%Q1 orders at 834.2 million eurosSays macroeconomic uncertainty increased due to tariffs and global trade tensionsExpects Q2 sales growth of 1%-6%By Ozan Ergenay April 29 (Reuters) - Computer chip equipment maker ASM International (ASMI) ASMI.AS said on Tuesday i...Reuters
Tue, Apr 29
Google beefs up legal team to fight RNC bias lawsuit
By Mike Scarcella April 29 (Reuters) - Google has added a new, conservative lead attorney to its legal team as it fights the Republican National Committee’s bid to revive a lawsuit accusing the Alphabet GOOGL.O unit of discrimination.Dominic Draye of law firm Greenberg Traurig, a former solicitor...Reuters
Tue, Apr 29
Gilead Sciences reaches $202 million settlement with US over kickbacks to doctors
NEW YORK, April 29 (Reuters) - Gilead Sciences GILD.O has reached a $202 million settlement to resolve a civil fraud lawsuit accusing the company of paying kickbacks to doctors who agreed to prescribe its HIV drugs, the U.S. attorney's office in Manhattan said on Tuesday.The settlement resolves ...Reuters
Tue, Apr 29
Canadian lender RBC abandons sustainable finance goals
TORONTO, April 29 (Reuters) - Canada's Royal Bank of Canada RY.TO will abandon its sustainable finance goals as industry practices for measuring and reporting sustainable finance have evolved, it said on Tuesday. "We have reviewed our methodology and have concluded that it may not have appro...Reuters
Tue, Apr 29
Wells Fargo investors approve executive pay as compliance fixes gain momentum
By Nupur Anand NEW YORK, April 29 (Reuters) - Wells Fargo WFC.N shareholders on Tuesday approved executive pay packages and the appointment of directors with strong majority support.Most of the company's proposals received over 90% of shareholders' votes in favor of the motions while all ...Reuters
Tue, Apr 29
JetBlue joins US airlines in withdrawing forecasts over trade war
JetBlue's unit revenue expected to decline by up to 7.5% in Q2CEO Geraghty highlights unpredictable outlook for second half of the yearJetBlue may tap financial markets for aircraft funding if economy worsensPotential partnership with larger domestic airline in the worksBy Rajesh Kumar Singh and...Reuters
Tue, Apr 29
KKR and Capital Group launch funds targeting mix of private, public credit
By Niket Nishant April 29 (Reuters) - KKR KKR.N and Capital Group launched two funds that would target investments in a blend of public and private credit, tapping into a vast pool of retail investors looking beyond traditional assets for diversification.The funds, Capital Group KKR Core Plus+ a...Reuters
Tue, Apr 29
US Senate backs former Republican lawmaker Perdue as ambassador to China
Nominee confirmed with bipartisan supportIn business, Perdue was criticized over offshored US jobsConfirmation occurs as Trump's tariffs roil world marketsMilitary build-up, pressure on Taiwan factors in relationsBy Michael Martina, Patricia Zengerle WASHINGTON, April 29 (Reuters) - A majorit...Reuters
Tue, Apr 29
Trump called Bezos to complain about Amazon report, media reports say
WASHINGTON, April 29 (Reuters) - U.S. President Donald Trump called Amazon Executive Chairman Jeff Bezos on Tuesday morning to complain about a report the company planned to display prices that show the impact of tariffs, according to multiple media outlets.Amazon AMZN.O denied the story from Punchb...Reuters
Tue, Apr 29
EU's von der Leyen invites scientists, researchers to make Europe their home
BRUSSELS, April 29 (Reuters) - European Commission President Ursula von der Leyen on Tuesday invited scientists and researchers from the world over to make Europe their home when the Trump administration is threatening to cut federal funding for Harvard and other U.S. universities.They have been in ...Reuters
Tue, Apr 29
MOVES-TD Securities names Dan Charney sole head of global markets, memo says
April 29 (Reuters) - Canada's TD Securities named Dan Charney as head of global markets, transitioning from his current co-head role, according to an internal memo seen by Reuters on Tuesday. Charney, who joined TD Cowen as head of equities in 2012, has been a key figure in the expansion of the ...Reuters
Tue, Apr 29
Exclusive: Convex Bermuda deputy chief underwriting officer Samuels departs
By James ThalerApril 29 - (The Insurer) – Convex’s deputy chief underwriting officer in Bermuda Sharmini Samuels has left her role with the company, six years after joining the carrier at its launch in 2019, according to sources with knowledge of the situation.Samuels had been responsible for writin...Reuters
Tue, Apr 29
Jalisco ranch was longstanding operation site for organized crime, Mexico AG says
MEXICO CITY, April 29 (Reuters) - Mexico's attorney general Alejandro Gertz said on Tuesday that the ranch in Teuchtitlan, Mexico's Jalisco state, where human remains, piles of clothes and weapons were found last month, was a longstanding operation and training site for organized crime.Reuters
Tue, Apr 29
