News
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Novartis cannot block generic version of Entresto, judge rules
By Jonathan Stempel July 16 (Reuters) - A U.S. federal judge rejected Swiss drugmaker Novartis' NOVN.S request for a preliminary injunction to stop MSN Pharmaceuticals from selling a generic version of the blockbuster heart medication Entresto.In a decision on Tuesday, U.S. District Judge Eve...Reuters
Wed, Jul 16
US appeals court rules for NCAA in dispute over player eligibility rules
By Mike Scarcella July 16 (Reuters) - The National Collegiate Athletic Association has persuaded a U.S. appeals court to reject an order that the NCAA said could erode distinctions between student and professional athletes.A panel of the Chicago-based 7th U.S. Circuit Court of Appeals ruled 2-1 o...Reuters
Wed, Jul 16
US bank regulators issue proposal to scrap updated fair lending rules
WASHINGTON, July 16 (Reuters) - The nation's top bank regulators issued a proposal on Wednesday that would scrap a 2023 update to fair lending rules and reinstate prior requirements for banks.The proposal would require banks to comply with original rules drafted in 1995 enforcing the Community R...Reuters
Wed, Jul 16
US aims to ban Chinese technology in undersea telecommunications cables
By David Shepardson WASHINGTON, July 16 (Reuters) - The Federal Communications Commission said on Wednesday it plans to adopt rules to bar companies from connecting undersea submarine communication cables to the United States that include Chinese technology or equipment."We have seen submarin...Reuters
Wed, Jul 16
Volvo Cars to start mid-size SUV production at US plant next year
July 16 (Reuters) - Sweden's Volvo Cars VOLCARb.ST said on Wednesday it would start producing its XC60 mid-size SUV in its plant in South Carolina, United States from late 2026. The shift highlights the automaker's exposure to U.S. President Donald Trump's auto tariffs, as it imports mos...Reuters
Wed, Jul 16
KKR mulls acquisition of healthcare technology firm GPI, Bloomberg News reports
July 16 (Reuters) - KKR KKR.N is considering a potential buyout of Italian health-care technology firm GPI SpA GPI.MI, as the U.S. investment firm scouts for takeover targets amid the recent market volatility, Bloomberg News reported on Wednesday.KKR has been in talks with advisers in recent weeks a...Reuters
Wed, Jul 16
Gerresheimer calls a halt to discussions on potential takeover
MUNICH, July 16 (Reuters) - German packaging and medical equipment maker Gerresheimer GXIG.DE has ended discussions on a potential sale of the company after months of talks since the start of 2025, it said on Wednesday evening.In February the Duesseldorf-based company had said it was in early discu...Reuters
Wed, Jul 16
McGovern: ‘Keep up the pressure’ for competitive captive rules
By Rebecca DelaneyJuly 16 - (The Insurer) - The UK insurance sector must “keep up the pressure” and engage with financial services regulators as they develop policy proposals for a UK captive regime, Sean McGovern has urged.Speaking to The Insurer in his capacity as chair of the London Market Group,...Reuters
Wed, Jul 16
EXPLAINER-What's known about whether Trump can fire Powell from the Fed
July 16 (Reuters) - President Donald Trump on Wednesday tamped down speculation he was on the verge of trying to fire Federal Reserve Chair Jerome Powell after word leaked he had raised the possibility in a meeting Tuesday night with House Republicans. The reports rattled financial markets that were...Reuters
Wed, Jul 16
Hundreds of DOJ alumni warn Senate against Trump's appellate judge nominee
By Sarah N. Lynch WASHINGTON, July 16 (Reuters) - More than 900 former U.S. Department of Justice employees on Wednesday warned the Republican-controlled Senate Judiciary Committee against confirming President Donald Trump's nominee Emil Bove to serve as an appellate court judge, according to...Reuters
Wed, Jul 16
Trump team relaxes work-from-home ban for federal employees for religious reasons
By Courtney Rozen WASHINGTON, July 16 (Reuters) - Federal employees can get permission to work from home or adjust their hours to accommodate religious fasts and prayers, the Trump administration said on Wednesday, after previously demanding that workers report to offices full time. President Do...Reuters
Wed, Jul 16
HPE adds KLA chair to board in pact with activist investor Elliott
Robert Calderoni joins HPE board, chairs new strategy committeeElliott may appoint executive to HPE board under agreementHPE's $14 billion Juniper acquisition faced antitrust scrutinyBy Jaspreet Singh and Svea Herbst-Bayliss July 16 (Reuters) - Hewlett Packard Enterprise HPE.N added a veteran...Reuters
Wed, Jul 16
Ultra-Orthodox party quits Israeli cabinet but throws Netanyahu a lifeline
Shas party pulls ministers but stays in coalitionNetanyahu has time to find compromise on military draftShas also urges prime minister to reach deal with Hamas JERUSALEM, July 16 (Reuters) - An ultra-Orthodox party quit Prime Minister Benjamin Netanyahu's cabinet on Wednesday, but said it wou...Reuters
Wed, Jul 16
Air India probe finds no issues with fuel control switches on Boeing 787s, NDTV says
July 16 (Reuters) - Air India has completed the inspection of fuel control switches on Boeing 787 planes BA.N with no issues being found, Indian broadcaster NDTV said on Wednesday, citing an official.Boeing and Air India did not immediately respond to Reuters requests for comment. Reuters could not ...Reuters
Wed, Jul 16
US calls on Syria to withdraw troops to allow de-escalation, State Department says
July 16 (Reuters) - The U.S. is calling on Syria to withdraw its troops to allow for de-escalation, State Department spokesperson Tammy Bruce said on Wednesday, after clashes between Syrian government troops and local Druze fighters resumed in the southern city of Sweida hours after a ceasefire agre...Reuters
Wed, Jul 16
Syria calls for UN Security Council meeting on Israeli strikes
UNITED NATIONS, July 16 (Reuters) - Syria on Wednesday called for the United Nations Security Council to meet as soon as possible to "address the consequences of the Israeli aggression on Syrian territory," according to a letter seen by Reuters.Reuters
Wed, Jul 16
US aims to ban Chinese technology in submarine cables, FT reports
WASHINGTON, July 16 (Reuters) - The Federal Communications Commission is set to introduce a measure that would bar companies from connecting submarine communication cables to United States that include any Chinese technology or equipment, the Financial Times reported on Wednesday."We have seen s...Reuters
Wed, Jul 16
National realtors group defeats Utah brokerage’s antitrust lawsuit
By Mike Scarcella July 16 (Reuters) - The National Association of Realtors has persuaded a federal judge to dismiss a lawsuit by a Utah brokerage accusing the powerful industry group of controlling rules for home sales and purchases in the United States too tightly, causing consumers to pay highe...Reuters
Wed, Jul 16
Hundreds of DOJ alumni warn Senate against Trump's appellate judge nominee
By Sarah N. Lynch WASHINGTON, July 16 (Reuters) - More than 900 former U.S. Justice Department employees on Wednesday warned the Republican-controlled Senate Judiciary Committee against confirming President Donald Trump's nominee Emil Bove to serve as an appellate court judge, according to a ...Reuters
Wed, Jul 16
Air India completes fuel control switches inspection on Boeing 787 planes, no issues found, NDTV reports
July 16 (Reuters) - Air India has completed the inspection of fuel control switches on Boeing 787 planes BA.N with no issues being found, Indian broadcaster NDTV said on Wednesday, citing an official.Air India did not immediately respond to a Reuters request for comment. Reuters could not immediatel...Reuters
Wed, Jul 16
QUOTES-Reactions to the European Commission's new EU budget proposal
BRUSSELS, July 16 (Reuters) - Following are some reactions to the European Commission's proposal on Wednesday for a 2 trillion euro ($2.31 trillion) EU budget for 2028-2034. The proposal places a new emphasis on economic competitiveness and defence while aiming to reform the rules around farm an...Reuters
Wed, Jul 16
Citi hires senior JPMorgan bankers to strengthen financing business
July 16 (Reuters) - Citigroup C.N has hired two senior executives from JPMorgan JPM.N to strengthen its leadership team and expand its financing business, according to an internal memo seen by Reuters on Wednesday.Aloke Gupte, previously co-head of international equity capital markets (ECM) at JPMor...Reuters
Wed, Jul 16
