NEW YORK, June 23 (Reuters) – JPMorgan Chase & Co (JPM.N) is cutting nearly 40 investment bankers in the U.S., a source with knowledge of the matter said.The reductions come after months of sluggish markets that have depressed dealmaking across Wall Street and prompted banks to lay off thousands of employees.JPMorgan’s investment banking and trading… […]
June 23 (Reuters) – The U.S. Food and Drug Administration has approved Pfizer Inc’s (PFE.N) drug to treat hair loss caused by an autoimmune disease, the company said on Friday.The drug, branded as Litfulo, has been approved for people aged 12 years and older suffering from severe alopecia areata (AA), a condition where the immune… […]
June 23 (Reuters) – In a mid-stage trial, the highest dose of Eli Lilly’s (LLY.N) experimental pill orforglipron led to 14.7% weight loss after 36 weeks for people who were obese or overweight, setting a marker in the race to develop effective oral obesity drugs, researchers said on Friday.Results from a different trial, also presented… […]
TOKYO, June 24 (Reuters) – Nissan (7201.T) has launched an investigation into claims by a senior adviser that Chief Executive Makoto Uchida carried out surveillance of his deputy Ashwani Gupta, four people with direct knowledge of the matter said.The surveillance claims, first reported by the Financial Times, were made by Hari Nada, 58, a senior… […]
BERLIN, June 23 (Reuters) – Germany aims to purchase 60 Chinook helicopters from Boeing (BA.N) in a package that would cost up to 8 billion euros ($8.71 billion), including necessary infrastructure for the aircraft, a parliamentary source told Reuters on Friday.The sum includes the procurement of the CH-47 heavy-lift helicopters for 6.27 billion euros, 700… […]
[1/2]A general view of Tesco, in Oldham, Britain, April 13, 2023. REUTERS/Molly Darlington/File PhotoLONDON, June 22 (Reuters) – German-owned discount supermarket Lidl can have an injunction to stop rival Tesco (TSCO.L) copying its logo, London’s High Court has ruled, despite hearing it will cost Tesco nearly 8 million pounds ($10.2 million) to remove them all.Britain’s… […]
June 22 (Reuters) – Quality of new vehicles sold in the United States is declining as factors such as growing use of technology and lower build quality of certain parts are making the models more “problematic”, according to automotive consultant J.D. Power.Build quality of certain parts such as audio systems and cup-holders have resulted in… […]
SAN FRANCISCO, June 22 (Reuters) – Forget about famed boxing bouts like the Rumble in the Jungle or the Thrilla in Manila — billionaire social media moguls Elon Musk and Mark Zuckerberg have been egging each other into a mixed martial arts cage match in Las Vegas.In recent days, Twitter owner Musk and Facebook parent… […]
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WASHINGTON, June 21 (Reuters) – The U.S. Federal Trade Commission on Wednesday accused Amazon.com (AMZN.O) of enrolling millions of consumers into its paid subscription Amazon Prime service without their consent and making it hard for them to cancel, the agency’s latest action against the ecommerce giant in recent weeks.The FTC sued Amazon in federal court… […]
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