Business

NEW DELHI, June 28 (Reuters) – The Indian manufacturer of cough syrups that Uzbekistan said last year had poisoned 19 children used a toxic industrial-grade ingredient rather than the legitimate pharmaceutical version, two sources with knowledge of the matter told Reuters.The company, Marion Biotech, bought the ingredient — propylene glycol (PG) — from trader Maya… […]

[1/2]Fox News commentator Jesse Watters speaks to U.S. Vice President Mike Pence during a television interview in the Eisenhower Executive Office Building at the White House in Washington, U.S., June 4, 2020. REUTERS/Tom Brenner/File PhotoJune 26 (Reuters) – Fox News said on Monday that network veteran Jesse Watters would fill the key prime-time slot left… […]

June 26 (Reuters) – Eli Lilly (LLY.N) on Monday said a mid-stage trial of its next-generation obesity drug candidate “triple G” showed that it led to weight loss of up to 24.2% after 48 weeks, surpassing results seen with other weight loss drugs.The once-weekly injected drug, retatrutide, is part of a class known as incretins… […]

WASHINGTON, June 26 (Reuters) – The United States plans to announce as soon as Tuesday a new military aid package for Ukraine worth up to $500 million, keeping up U.S. resolve to help Ukraine against Russia as Moscow deals with a mutiny by some of its soldiers.The package will include ground vehicles as Ukraine presses… […]

June 26 (Reuters) – Pfizer Inc (PFE.N) said it is scrapping its once-a-day experimental obesity pill because of concerns about liver safety, but will continue developing its other obesity pill, the twice daily treatment danuglipron, as it races to rival the success of other weight loss treatments.The company’s shares fell more than 5% in early… […]

SEOUL, June 25 (Reuters) – South Korea’s government on Sunday said Hyundai Engineering & Construction (000720.KS) has signed a contract worth $5 billion with Saudi Arabian state oil producer Aramco (2222.SE) to build a petrochemicals complex in the Middle Eastern nation.Land minister Won Hee-ryong, who attended a signing ceremony in Saudi Arabia, said the deal… […]

[1/4]Fighters of Wagner private mercenary group stand guard outside the headquarters of the Southern Military District in the city of Rostov-on-Don, Russia, June 24, 2023. REUTERS/StringerLONDON, June 24 (Reuters) – Following are facts about oil, gas and grains flows in Russia’s southern region of Rostov, where the capital Rostov-on-Don was seized by Russian mercenaries.President Vladimir… […]

June 24 (Reuters) – Italian engineering group Maire Tecnimont (MTCM.MI) said it has won two contracts valued at about $2 billion related to a petrochemical expansion at the SATORP refinery in Saudi Arabia.SATORP refinery, located in Jubail, Saudi Arabia, is a joint venture between Saudi Aramco and French company TotalEnergies.The engineering, procurement and construction lump… […]

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… […]