News
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Court says hedge fund's mistake cost it chance to sue over failed Perrigo takeover
By Mike ScarcellaAug 12 (Reuters) - Hedge fund Sculptor Asset Management missed its chance to sue healthcare products giant Perrigo for alleged securities violations and cannot now opt out of a $97 million class action settlement, a U.S. appeals court ruled on Tuesday.A three-judge panel of the 3rd ...Reuters
Tue, Aug 12
Ukraine will not pull its forces out of Donbas, Zelenskiy says
KYIV, Aug 12 (Reuters) - President Volodymyr Zelenskiy said on Tuesday he would reject any Russian proposal to pull Ukrainian troops out of the eastern Donbas region as it would deprive Kyiv of defensive lines and open the way for Moscow to conduct further offensives.The Ukrainian leader told report...Reuters
Tue, Aug 12
Athletics-US sprinter Kerley provisionally suspended for whereabouts failures
By Amy TenneryNEW YORK, Aug 12 (Reuters) - Olympic 100 metres silver and bronze medallist Fred Kerley has been provisionally suspended by the Athletics Integrity Unit for whereabouts failures, the organisation said on Tuesday.American Kerley, the 100m world champion in 2022, plans to contest the all...Reuters
Tue, Aug 12
REFILE-White House says chips deals could perhaps expand to other companies
Aug 12 (Reuters) - The White House said on Tuesday that perhaps deals could be expanded to other chip companies after Nvidia NVDA.O and Advanced Micro Devices AMD.O agreed to give the U.S. government 15% of revenue from sales to China of certain advanced chips. "It stands with these two companie...Reuters
Tue, Aug 12
State Department softens criticism of Trump partner countries in overhauled human rights report
Report reduces criticism of El Salvador, Israel, largely omits LGBTQI rights issuesCriticism of Brazil, South Africa increases, citing freedom of speech, racial discriminationReport delayed as Trump appointees altered earlier draftBy Daphne Psaledakis and Humeyra PamukWASHINGTON, Aug 12 (Reuters) - ...Reuters
Tue, Aug 12
US FDA approves Insmed's drug as first treatment for a chronic lung disease
By Christy Santhosh and Unnamalai LAug 12 (Reuters) - The U.S. Food and Drug Administration has approved Insmed's INSM.O oral drug for a type of lung disease, the company said on Tuesday, making it the first treatment for the chronic condition. Shares of the New Jersey-based drugmaker rose 6% in...Reuters
Tue, Aug 12
ProSieben investor General Atlantic opts for Czech PPF offer, shuns MFE, sources say
MUNICH, Aug 12 (Reuters) - Financial investor General Atlantic has tendered its 2.4% stake in German media group ProSiebenSat.1 PSMGn.DE to Czech investment company PPF, two people familiar with the matter told Reuters on Tuesday.By taking PPF's cash offer of 7 euros ($8.17) per share for ProSie...Reuters
Tue, Aug 12
Bank of Canada to auction C$21.75 billion of T-bills on August 26
Aug 12 (Reuters) - BANK OF CANADA TO AUCTION C$21.75 BILLION OF T-BILLS ON AUGUST 26, PRELIMINARY CALL FOR TENDERS SHOWSBANK OF CANADA TO SELL C$12.75 BILLION 98-DAY T-BILLS, C$4.5 BILLION 168-DAY T-BILLS, C$4.5 BILLION 350-DAY T-BILLSSource text: https://www.bankofcanada.ca/markets/government-secur...Reuters
Tue, Aug 12
Trump weighing a lawsuit against Fed's Powell over renovations - White House
WASHINGTON, Aug 12 (Reuters) - U.S. President Donald Trump is considering a lawsuit against Federal Reserve Chairman Jerome Powell related to his management of renovations at the Fed's Washington headquarters, White House spokeswoman Karoline Leavitt said on Tuesday. The potential move, suggeste...Reuters
Tue, Aug 12
Trump will participate in virtual Ukraine talks on Wednesday, CNN reports
WASHINGTON, Aug 12 (Reuters) - U.S. President Donald Trump will participate in virtual Ukraine talks on Wednesday ahead of his meeting with Russia's Vladimir Putin on Friday, CNN reported, citing a White House official.Germany said on Monday it was convening a series of top-level video conferenc...Reuters
Tue, Aug 12
Abbvie Announces $195 Mln Investment To Expand Active Pharmaceutical Ingredient Manufacturing In U.S.
Aug 12 (Reuters) - Abbvie Inc ABBV.N:ABBVIE ANNOUNCES $195 MILLION INVESTMENT TO EXPAND ACTIVE PHARMACEUTICAL INGREDIENT MANUFACTURING IN THE U.S.ABBVIE INC - CONSTRUCTION BEGINS FALL 2025, SITE OPERATIONAL BY 2027ABBVIE INC - EXPANSION PART OF ABBVIE'S PREVIOUSLY ANNOUNCED $10 BILLION U.S. INVE...Reuters
Tue, Aug 12
FDA Approves Brinsupri As First Treatment For Non-Cystic Fibrosis Bronchiectasis
Aug 12 (Reuters) - Insmed Inc INSM.O:FDA APPROVES BRINSUPRI™ (BRENSOCATIB) AS THE FIRST AND ONLY TREATMENT FOR NON-CYSTIC FIBROSIS BRONCHIECTASIS, A SERIOUS, CHRONIC LUNG DISEASEINSMED INC - BRINSUPRI 10 MG AND 25 MG DOSES APPROVED FOR NCFBINSMED INC - PLANS TO FILE APPLICATIONS FOR BRENSOCATIB IN ...Reuters
Tue, Aug 12
AI startup Perplexity makes bold $34.5 billion bid for Google's Chrome browser
By Akash SriramAug 12 (Reuters) - Perplexity AI made a $34.5 billion unsolicited all-cash offer for Alphabet's GOOGL.O Chrome browser on Tuesday, a bid far above its own valuation as the startup reaches for the browser's billions of users pivotal to the AI search race.Run by Aravind Srinivas...Reuters
Tue, Aug 12
Russia tries to make sudden advance in Ukraine before Trump-Putin summit
Some Ukrainian and Western war bloggers sound the alarmUkrainian army says it is working to block the advanceMove threatens to breach Ukrainian defence linesZelenskiy says Russia is trying to shape the narrativePutin and Trump to meet on Friday in AlaskaBy Andrew Osborn MOSCOW, Aug 12 (Reuters) -...Reuters
Tue, Aug 12
Athletics-US sprinter Kerley provisionally suspended for whereabouts failures
NEW YORK, Aug 12 (Reuters) - Olympic 100 metres silver and bronze medallist Fred Kerley has been provisionally suspended by the Athletics Integrity Unit for whereabouts failures, the organisation said on Tuesday.The 2022 World Champion in the 100m withdrew from the U.S. track and field trials late l...Reuters
Tue, Aug 12
Texas sues Eli Lilly for allegedly bribing providers to prescribe its medications
WASHINGTON, Aug 12 (Reuters) - Texas Attorney General Ken Paxton on Tuesday sued U.S. drugmaker Eli Lilly LLY.N for allegedly "bribing" providers to prescribe its medications.The attorney general's office said in a statement the company bribed and illegally induced medical providers to p...Reuters
Tue, Aug 12
Democrat Sherrod Brown to seek a return to US Senate in 2026 election, media reports say
By Richard CowanWASHINGTON, Aug 12 (Reuters) - Democrat Sherrod Brown will attempt to win back his U.S. Senate seat in Ohio in next year's midterm elections, according to media reports, in a race that likely would pit him against Republican Senator John Husted as Democrats fight to win back cont...Reuters
Tue, Aug 12
