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News
Novo scraps two more heart drug trials, further dimming growth beyond obesity
6+ day, 8+ hour ago (191+ words) Sept 7 (Reuters) – Novo Nordisk said on Monday it had halted two additional trials of its experimental cardiovascular drug ziltivekimab, further denting the Danish drugmaker’s efforts to diversify beyond its blockbuster obesity and diabetes franchise. In July, Novo said ziltivekimab failed…...
Oil prices rise as latest fighting resurrects Middle East supply disruption risks
1+ week, 6+ day ago (452+ words) By Noel John and Sumit Saha Sept 1 (Reuters) – Oil prices gained on Tuesday as the resumption of fighting between the U.S. and Iran in the Middle East renewed fears of supply disruptions from the world’s key crude-producing region. Brent crude…...
As war strands Qatari gas for 6 months, US sales rise and European stocks plummet
2+ week, 4+ day ago (218+ words) By Marwa Rashad and Nora Buli LONDON/OSLO, Aug 26 (Reuters) – Six months into the U.S.-Iran war, Qatar is among the conflict’s biggest economic casualties, with its liquefied natural gas exports slashed by 96%, data shows. Saudi Arabia, the UAE, Iraq…...
Dollar inches up as markets weigh Iran sanctions, Treasury buybacks
2+ week, 5+ day ago (515+ words) HONG KONG, Aug 25 (Reuters) – The U.S. dollar regained some strength on Tuesday, as investors parsed Washington’s expanded sanctions against Iran and renewed efforts to ease pressure on longer-dated Treasury yields, while cryptocurrencies extended a rally on debasement fears. U.S....
Germany’s ageing population pushes social spending to record high, Ifo says
2+ week, 5+ day ago (195+ words) BERLIN, Aug 24 (Reuters) – Combined spending related to old age and illness accounted for around 70% of total social spending in Germany last year, pushing the social budget to a new record high, according to an analysis by the Ifo institute published…...
US SEC investigating Situational Awareness trades that led to July meltdown, source says
2+ week, 5+ day ago (100+ words) KWSN US SEC investigating Situational Awareness trades that led to July meltdown, source says Aug 24 (Reuters) – The U.S. Securities and Exchange Commission is investigating the timing of trades that led to steep losses at AI-focused hedge fund Situational Awareness, a…...
Oil falls as US prepares to unveil new Iran sanctions
2+ week, 6+ day ago (452+ words) By Florence Tan and Trixie Yap SINGAPORE, Aug 24 (Reuters) – Oil prices slipped more than $1 a barrel on Monday as investors took profits ahead of an expected announcement from Washington about imposing more sanctions on Iran that may further disrupt supplies…...
Citadel sheds over 80% of aggregate risk from Situational Awareness portfolio
3+ week, 1+ day ago (294+ words) By Anirban Sen and Arasu Kannagi Basil Aug 21 (Reuters) – Billionaire investor Ken Griffin’s Citadel has shed more than 80% of the aggregate risk from the original portfolio of Leopold Aschenbrenner’s Situational Awareness, which it recently purchased, according to a letter sent…...
Dollar falls as investors weigh US Treasury’s rescue efforts
3+ week, 2+ day ago (573+ words) SINGAPORE, Aug 21 (Reuters) – The dollar slid on Friday and was set for a weekly loss, as investors viewed the U.S. Treasury’s bond buyback gambit as merely a temporary fix, while raising fresh concerns about officials’ increasingly interventionist approach. U.S....
Dollar hovers near multi-month lows as Treasury yields slip; Fed minutes awaited
3+ week, 4+ day ago (441+ words) HONG KONG, Aug 19 (Reuters) – The U.S. dollar drifted near multi-month lows against major peers on Wednesday as Treasury yields eased from recent highs, with investors awaiting minutes of the Federal Reserve’s latest policy meeting for clues on the path of…...