June 2024

By Ankika Biswas, Lisa Pauline Mattackal and Carolina Mandl (Reuters) -Major U.S. stock indexes closed with modest gains on Wednesday after a choppy trading session, with investors holding their cards close to the vest ahead of a presidential debate and an inflation report closely watched by Federal Reserve policy makers. “We’re in this kind of…

(Reuters) – The U.S. Food and Drug Administration has granted approval for a treatment from Verona Pharma for a chronic lung disease that commonly affects smokers, the U.K.-based company said on Wednesday. The U.S. FDA’s assent for the therapy, to be sold under the brand Ohtuvayre, is the company’s first and provides a new inhaled…

LAS VEGAS (Reuters) – Albemarle, the world’s largest lithium producer, is concerned about current prices for the metal used to make electric vehicle batteries but believes long-term demand will remain strong, an executive said on Tuesday. The company, which operates across the Americas, Asia and Australia, cut staff and paused expansion projects in January after…

(Reuters) – Clario, a software provider for drugmakers, has confidentially filed for an initial public offering in the United States and is targeting a valuation of more than $10 billion, Bloomberg News reported on Tuesday. The U.S. IPO market has witnessed an uptick in 2024 after a nearly two-year dry spell, as expectations of a…

By Jonathan Stempel (Reuters) – DuPont, 3M, Honeywell and 16 other defendants were sued on Tuesday by Connecticut firefighters who said their protective gear was contaminated by toxic “forever chemicals” linked to cancer. Lawyers for the plaintiffs said they believed the proposed class action filed in the New Haven, Connecticut federal court is the first…

By Andrew Goudsward FORT PIERCE, Florida (Reuters) -The judge overseeing Donald Trump’s classified documents case indicated on Tuesday that she was unlikely to grant his lawyers’ request to exclude swaths of evidence from trial on the grounds that FBI agents had been given too much leeway to search his property. At a hearing in a…

(Reuters) -TWFG disclosed a nearly 27% jump in annual net profit on Monday, as the insurer revealed the paperwork for its initial public offering in the United States. The U.S. IPO market has seen an uptick in 2024, after a nearly two-year dry spell, as expectations of a soft landing for the economy encourage companies…

By David Shepardson WASHINGTON (Reuters) -AT&T CEO John Stankey said on Monday that Congress should give the Federal Communications Commission the power to require Big Tech firms to contribute to a government fund that subsidizes access to telecom and broadband services. Under current law, fees are levied on cell phone and landline service subscribers to…

By Jonathan Stempel (Reuters) – PacifiCorp, a utility owned by Warren Buffett’s Berkshire Hathaway, agreed to a $150 million settlement with 378 plaintiffs arising from one of the 2020 wildfires that devastated parts of Oregon and northern California. The settlement announced on Monday resolves substantially all individual claims in northern California related to the Slater…

By Daniel Wiessner (Reuters) – A federal judge in Texas on Monday seemed likely to stop a Biden administration rule that would extend mandatory overtime pay to 4 million U.S. workers from taking effect, but was unsure whether he could block it nationwide or only in the Republican-led state. U.S. District Judge Sean Jordan in…