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Reuters Company News
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Updated: 4 years 23 weeks ago
UPDATE 1-Merck's bladder cancer late-stage study fails to meet main goals
Merck & Co said on Tuesday its
blockbuster therapy Keytruda used along with chemotherapy failed
to meet the main goals of a late-stage study testing the
combination as a first-line treatment for bladder cancer.
Categories: Business News
CORRECTED-GLOBAL-MARKETS-Stocks trend lower as investors step back, safe-havens rally
A recent run of optimism in
markets hit the brakes on Tuesday as investors mostly pulled
back from stocks, though the Nasdaq extended its record run to a
new high, while the safe-haven yen, Swiss franc and gold
rallied.
Categories: Business News
Brazil court ruling says JBS may reopen pork plant closed after COVID-19 outbreak
A Brazilian court has
authorized the world's largest meatpacker, JBS SA, to
reopen a pork plant in Rio Grande do Sul state struck by an
outbreak of the novel coronavirus, according to a ruling seen by
Reuters.
Categories: Business News
UPDATE 2-NYSE holds nearly 9-minute silence in honor of George Floyd
The New York Stock Exchange and
other U.S. financial market operators held nearly nine minutes
of silence on Tuesday in honor of George Floyd, a 46-year-old
African American who died on May 25 after a white police officer
knelt on his neck.
Categories: Business News
UPDATE 1-Mexican president urges Canadian mining firms to pay taxes
Mexican President Andres
Manuel Lopez Obrador said on Tuesday some of Canada's mining
firms were behind on their tax payments and urged the Canadian
government to lean on them to avoid the dispute reaching
international tribunals.
Categories: Business News
GLOBAL-MARKETS-Stocks mixed as investors step back from highs
A recent run of optimism in
markets hit the brakes on Tuesday, as investors pulled back from
major stock indices and turned their attention to safe-haven
assets like gold.
Categories: Business News
Morgan Stanley's Gorman says worst behind, sees smaller reserve build in Q2
Morgan Stanley Chief Executive
Officer James Gorman said on Tuesday the bank expects to set
aside a smaller amount of money for potential loan losses in the
current quarter, compared with the first quarter.
Categories: Business News
Enterprise says working to address U.S. regulatory delays on offshore crude terminal
Enterprise Products Partners LP
is working with U.S. officials to advance an offshore crude
terminal project after the review schedule was suspended last
week, the company said.
Categories: Business News
U.S. government offers $25 bln in COVID-19 relief to some hospitals
The U.S. Department of Health and Human
Services (HHS) said on Tuesday it would distribute about $25
billion to hospitals that have not previously received relief
funds as they grapple with a rise in COVID-19 cases.
Categories: Business News
UPDATE 1-Boeing jet deliveries sink to just four in May
Boeing Co deliveries slowed even
further in May from April as the coronavirus pandemic's crushing
impact on airlines added to a year of crisis following the
grounding of its 737 MAX planes, company data showed on Tuesday.
Categories: Business News
UPDATE 3-Gilead's remdesivir prevents lung damage in COVID-19 study on monkeys
Gilead Sciences Inc's antiviral
drug remdesivir prevented lung disease in macaque monkeys
infected with the new coronavirus, according to a study
published in the journal Nature on Tuesday.
Categories: Business News
UPDATE 3-VW CEO apologises after row with supervisory board
* Board says apology accepted, continues to back CEO
(Adds detail about deliberations about racist advert)
Categories: Business News
UPDATE 3-Corning wins U.S. funding to boost vial output for COVID-19 vaccines
Glass maker Corning Inc said on
Tuesday it would receive $204 million from the U.S. government
to boost the manufacturing capacity of its vials that will be
used to store coronavirus vaccines and treatments.
Categories: Business News
UPDATE 1-Brazil central bank watching FX, commodities impact on inflation
Short-term asset price moves
such as the recent rebound across markets will not influence
Brazilian monetary policy, central bank director Fabio Kanczuk
said on Tuesday, but policymakers are watching how the exchange
rate and commodities feed into inflation expectations.
Categories: Business News
CORRECTED-GRAINS-Soybeans, wheat and corn fall on positive U.S. crop picture
Chicago wheat, corn and soybean
futures fell on Tuesday, giving back some gains from recent
rallies as the U.S. Department of Agriculture gave an assessment
of crop conditions that analysts viewed as favorable.
Categories: Business News
UPDATE 2-Macy's says return to normal business at least a year away
Macy's Inc warned on Tuesday its
business was not likely to return to normal until late next
year, even as it saw better-than-expected sales from stores
reopening after COVID-19 lockdowns were lifted across the United
States.
Categories: Business News
UPDATE 1-UK's Segro to raise 650 mln pounds via share placement to fund expansion
Warehousing specialist Segro on
Tuesday said it would raise about 650 million pounds ($827.58
million) through private share placement to fund its expansion
across the United Kingdom and continental Europe.
Categories: Business News
