Jan. 13 -- Top congressional leaders head to the White House today for their first sit-down with President Barack Obama since the convening of the new all-Republican-run Congress. Deloitte Director of Federal Affairs Thomas Davis speaks on “Bloomberg Surveillance.” (Source: Bloomberg)
Merck & Co on Thursday raised its annual profit and revenue forecast on the back of strong sales for its blockbuster cancer drug Keytruda and human papillomavirus (HPV) vaccine Gardasil. The New Jersey-based drugmaker said it expected earnings of $8.53 and $8.65 per share, up from its previous prediction of $8.44 to $8.59, and sales of $63.1-$64.3 billion for the year. Merck's new forecast includes a $0.26 per share charge for its $680 million acquisition of cancer drug developer Harpoon Therapeutics, which closed in the first quarter of 2024, the company said.
Lawyers for an American believed to be held by the Taliban for nearly two years are asking a United Nations human rights investigator to intervene, citing what they say is cruel and inhumane treatment. Ryan Corbett was abducted Aug. 10, 2022, after returning to Afghanistan, where he and his family had been living at the time of the collapse of the U.S.-based government there a year earlier. In a petition sent Thursday, lawyers for Corbett say that he's been threatened with physical violence and torture and has been malnourished and deprived of medical care.
TikTok has vowed to challenge in court a new law that could result in a ban of the video app in the US, but it could find that it is on less-than-solid legal ground.
British police said on Thursday they had arrested an additional individual over the deaths of five migrants, including a child, who died attempting to cross the Channel from France on a small boat earlier this week. The 18-year-old from Sudan was arrested on Wednesday evening in Kent, southeast England, on suspicion of facilitating illegal immigration and entering the UK illegally, the National Crime Agency (NCA) said. Three other men have also been arrested in connection with the fatal crossing, but one of these, a 19-year-old from Sudan, has since been released without charge and will be dealt with by immigration officials, the NCA said.
A court in Turkey sentenced nine rail officials to more than 108 years' imprisonment over a crash six years ago that killed 25 people, local media reported on Thursday. A passenger train operated by Turkish State Railways derailed in July 2018 as it passed through Corlu district some 110 kilometers (68 miles) west of Istanbul. The train was traveling from Unlukopru, near the Greek border, to Istanbul’s Halkali station, Turkey’s main rail route to Europe.
The Federal Reserve's latest financial stability report was good news for anyone worried that a record run of interest rate hikes might overstress the banking system or trigger a recession with companies and households pushed into default through a broad credit crackdown. Instead, the Fed is wrestling with an economy that has sloughed off tight monetary policy to such a degree that U.S. central bank officials are without a clear view of what to expect and divided over issues like productivity, the economy's underlying potential, and even whether the current policy interest rate is as restrictive as imagined when they called off further hikes. A recently updated Fed index of overall financial conditions showed there was virtually no impact on economic growth right now from the central bank's monetary policy or the broader credit conditions it is intended to influence.
UPS and FedEx are facing uncertainty in U.S. supplies of big, boxy electric step vans they need to replace their gas guzzlers and make a dent in the country's climate-warming tailpipe emissions. The path to electrification by the package delivery giants is critical to U.S. President Joe Biden's transportation climate goals. Achieving that aim, however, is hampered by battery shortages that are limiting EV supplies and keeping prices high, and by startup electric van makers that are running out of money and shutting down.
Hose in hand, 40-year-old Zhu Huangyi cleans a small concrete room once home to his silkworms, two thirds of which were lost in deadly floods hitting southern China this week. - 'I lost all my cocoons' - Adding to the pain is the loss in the floods of the village's mulberry trees, the silkworms' only source of food.
The U.S. Supreme Court hears arguments on Thursday on Donald Trump’s claim that he enjoys sweeping immunity from criminal prosecution for actions he took as president, a claim that has delayed by months a case accusing him of trying to overturn his 2020 defeat. The federal case brought by Special Counsel Jack Smith charging Trump with trying to overturn his election defeat -- one of four criminal cases the Republican presidential candidate faces -- has been paused since December while the immunity argument plays out. Criminal defendants are not usually able to appeal court rulings until after a trial if they are convicted, but Trump was able to file an immediate appeal because the immunity argument bears on whether he must even face a trial.
Two-thirds of Americans reported that they feel confident they have enough money for a comfortable retirement, up a notch from last year.
Investors face mixed signals from Wall Street — as well as a historical calendar that suggests some chop might be around the corner.
Meta reported its Q1 earnings after the bell, beating analysts' expectations on the top and bottom, but a disappointing Q2 forecast sent shares falling.
Ever since college, Brad Jobling struggled with his weight, fluctuating between a low of 155 pounds when he was in his 30s to as high as 220. A little over a year ago, the 58-year-old Manhattan resident went on a new weight loss drug called Wegovy.
French police broke up a pro-Palestinian protest by dozens of university students in Paris, officials said Thursday, as Israel's bombardment of Gaza sparks a wave of anger across college campuses in the United States.The protesters were demanding that Sciences Po "cut its ties with universities and companies that are complicit in the genocide in Gaza" and "end the repression of pro-Palestinian voices on campus", according to witnesses.
Italy’s canal city has begun charging a 5 euro entry fee for people visiting for the day, the world’s first such measure to tackle chronic overtourism at peak times.
Thursday is Take Our Daughters and Sons To Work Day 2024. See why kids have been shadowing their parents for over 30 years and how the tradition started.
A dramatic operation to save the lives of more than 100 pilot whales ended in partial success on Thursday after wildlife officials managed to return most of the stranded animals to sea.
US Secretary of State Antony Blinken called Thursday on the United States and China to manage their differences "responsibly" as he landed in Beijing for tough talks with the rival power's leaders.China has accused the United States of unfair economic coercion.
White House and EPA to release new rules to reduce pollution at power plants, curb fossil fuel emissions scientists say are driving climate change
Taiwan's president-elect has appointed new foreign and defense ministers to join his incoming administration as the island faces continuing military threats and diplomatic isolation from China. Lai Ching-te, who assumes the presidency on May 20, announced Thursday that current Presidential Secretary General Lin Chia-lung will take over as foreign minister.
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