News
Important Only
Fitch: Credit trends for US insurers likely strained by tariffs
By Isha MaratheApril 29 - (The Insurer) - Though U.S. insurers are not directly affected by tariffs, they are exposed to second-order effects of market volatility and will likely see their credit trends pressured in 2025 as the outlook for trade, economic growth and inflation worsens, Fitch Ratings...Reuters
Tue, Apr 29
Abu Dhabi wealth fund ADQ sells $2 billion bond, document shows
April 29 (Reuters) - Abu Dhabi's sovereign wealth fund, ADQ, sold a $2 billion two-tranche bond on Tuesday, marking its first debt sale of the year, according to a document seen by Reuters.ADQ, formally known as Abu Dhabi Developmental Holding Co, sold a $1-billion 5-year tranche at 85 basis poi...Reuters
Tue, Apr 29
QUOTES-Reactions to Canada's election results
April 29 (Reuters) - Canada's ruling Liberals held on to power in an election on Monday, but fell short of the majority government Prime Minister Mark Carney wanted to help him negotiate over tariffs with U.S. President Donald Trump.Here are some reactions from Canada and globally to the results...Reuters
Tue, Apr 29
Too much at stake for US military to quit Europe, Estonian minister says
Baltic state's defence chief sees strong US interests in EuropeNo discussions within NATO on US troop cuts, minister saysUS has said it cannot focus primarily on European securityEstonia wants doubling of NATO defence spending target to 4%By Andrius Sytas TALLINN, April 29 (Reuters) - The U.S...Reuters
Tue, Apr 29
Incyte expects minimal tariff hit, lifts blood cancer drug's 2025 forecast
By Kamal Choudhury April 29 (Reuters) - Incyte Corp INCY.O raised the annual sales forecast for its blood cancer drug Jakafi on Tuesday, and said it expects minimal impact from U.S. tariffs due to its flexibility in sourcing supplies. CEO Hervé Hoppenot credited the drugmaker's tari...Reuters
Tue, Apr 29
IBM Increases Regular Quarterly Cash Dividend To $1.68 Per Common Share
April 29 (Reuters) - International Business Machines Corp IBM.N:IBM BOARD APPROVES INCREASE IN QUARTERLY CASH DIVIDEND FOR THE 30TH CONSECUTIVE YEARIBM: INCREASE IN REGULAR QUARTERLY CASH DIVIDEND TO $1.68 PER COMMON SHAREReuters
Tue, Apr 29
Everi Holdings Expects Total Rev for Three Months Ended March 31 To Be $176 Mln – $186 Mln
April 29 (Reuters) - Everi Holdings Inc EVRI.N:EVERI HOLDINGS: TOTAL REVENUE THREE MONTHS ENDED MARCH 31, 2025 EXPECTED TO BE $176 MILLION – $186 MILLIONSource text: [ID:n0001193125-25-102210]Reuters
Tue, Apr 29
Creyon Bio And Lilly Enter Into Rna-Targeted Oligo Therapy Development Collaboration
Eli Lilly and Co LLY.N:CREYON BIO AND LILLY ENTER INTO RNA-TARGETED OLIGO THERAPY DEVELOPMENT COLLABORATIONCREYON BIO: WILL RECEIVE A $13 MILLION UPFRONT PAYMENTCREYON BIO: ELIGIBLE TO GET OVER $1 BILLION IN DEVELOPMENT, COMMERCIALIZATION PAYMENTS PROVIDED SOME MILESTONES ACHIEVEDReuters
Tue, Apr 29
Arcadian promotes Connor to chief operating officer
By Isha MaratheApril 29 - (The Insurer) - Bermuda-based MGA Arcadian has promoted Paul Connor, formerly chief risk officer, to chief operating officer. Connor, who is based in Dublin, Ireland, has more than 20 years of experience in the industry. Prior to joining Arcadian in 2021, he held roles at ...Reuters
Tue, Apr 29
Wells Fargo Announces Common Stock Dividend And New $40 Bln Common Stock Repurchase Program
April 29 (Reuters) - Wells Fargo & Co WFC.N:WELLS FARGO & COMPANY ANNOUNCES COMMON STOCK DIVIDEND AND NEW $40 BILLION COMMON STOCK REPURCHASE PROGRAMWELLS FARGO & CO - ANNOUNCES $0.40 PER SHARE DIVIDEND PAYABLE JUNE 1, 2025Reuters
Tue, Apr 29
REFILE-High-end department store retailer Saks launches Amazon storefront
By Arriana McLymore LOS ANGELES, April 29 (Reuters) - Saks Fifth Avenue is launching a storefront on Amazon.com AMZN.O where it will sell high-end, designer products from Dolce&Gabbana and Balmain in the e-commerce giant's latest foray into selling luxury goods, the companies said on Tue...Reuters
Tue, Apr 29
Auto File: Porsche’s Chinese pothole
By Nick Carey, European Autos Correspondent Greetings from London! I am fresh back from China, where we, fresh out-of-towners Reuters folks, did exactly as a local colleague predicted, spotting Chinese-branded cars we’d heard of on the streets of Shanghai, while also puzzling over ones we’d nev...Reuters
Tue, Apr 29
Satellite maker Apex raises $200 million to boost production for Golden Dome
By Mike Stone WASHINGTON, April 29 (Reuters) - Satellite manufacturer Apex has raised $200 million to increase production and meet surging demand for its configurable spacecraft platforms and in hopes of snagging lucrative Golden Dome missile defense shields contracts in the future, the company s...Reuters
Tue, Apr 29
