If you’re at high risk, don’t wait for updated COVID vaccines, experts say

If you’re at high risk, don’t wait for updated COVID vaccines, experts say

CHICAGO, July 29 (Reuters) – People at high risk of severe illness who have not yet received a second COVID-19 booster should not wait for next-generation vaccines targeting Omicron due in the fall, five said vaccine experts at Reuters. In many countries, including the United States, the BA.5 Omicron subvariant of the virus is thriving, … Read more

Exclusive: Cassava Sciences faces US criminal investigation linked to Alzheimer’s drug, sources say

Exclusive: Cassava Sciences faces US criminal investigation linked to Alzheimer’s drug, sources say

WASHINGTON, July 27 (Reuters) – The U.S. Justice Department has opened a criminal investigation into Cassava Sciences Inc (SAVA.O) to determine whether the biotech company manipulated research results for its experimental cancer drug. Alzheimer’s, said two people familiar with the investigation. Department of Justice staff investigating Cassava, based in Austin, Texas, specialize in investigating whether … Read more

BASF prepares further cuts in ammonia production in the event of a gas supply crisis

BASF prepares further cuts in ammonia production in the event of a gas supply crisis

A general view of German chemical company BASF Schwarzheide GmbH in Schwarzheide, Germany, December 10, 2019. REUTERS/Annegret Hilse Join now for FREE unlimited access to Reuters.com Register BASF cut its ammonia production in September, reducing it even further Yara’s ammonia production in Europe is 27% below capacity SKW and Ineos say they are monitoring the … Read more

Credit Suisse set to announce Koerner as CEO, latest change at helm – sources

Credit Suisse set to announce Koerner as CEO, latest change at helm – sources

July 26 (Reuters) – Credit Suisse Group AG (CSGN.S) is set to announce Ulrich Koerner as chief executive, the Swiss bank’s latest management change as it struggles to recover from a series of scandals, two sources close to the situation said on Tuesday. Pressure has been mounting on current CEO Thomas Gottstein for months over … Read more

Wall Street tumbles as Walmart warning rocks retail sector

Wall Street tumbles as Walmart warning rocks retail sector

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 21, 2022. REUTERS/Brendan McDermid Join now for FREE unlimited access to Reuters.com Register Walmart slashes profit forecast and drags retailers in McDonald’s up in sales and profit GE jumps on higher profits, Coca-Cola up on forecast Indices down: … Read more

Oil rises for a second day on supply issues

Oil rises for a second day on supply issues

The pattern of oil barrels is seen in front of the rising stock market chart in this illustration, July 24, 2022. REUTERS/Dado Ruvic/Illustration Join now for FREE unlimited access to Reuters.com Register Russian Gazprom tightens pressure on gas flows to Europe The Fed is expected to raise rates by 75 basis points on Wednesday Brent … Read more

Asian stocks rebound on Chinese property fund as Fed hike looms

Asian stocks rebound on Chinese property fund as Fed hike looms

A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic chart displaying stock market indices for various countries, including the Russian Trading System (RTS) index which stands empty, outside a brokerage house in Tokyo, Japan, March 10, 2022. REUTERS/Kim Kyung-Hoon Join now for FREE unlimited access to Reuters.com Register … Read more

Asian stocks rebound on Chinese property fund as Fed hike looms

Asian stocks rebound on Chinese property fund as Fed hike looms

A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic chart displaying stock market indices for various countries, including the Russian Trading System (RTS) index which stands empty, outside a brokerage house in Tokyo, Japan, March 10, 2022. REUTERS/Kim Kyung-Hoon Join now for FREE unlimited access to Reuters.com Register … Read more

China’s Alibaba to request dual primary listing in Hong Kong

China’s Alibaba to request dual primary listing in Hong Kong

A man walks past the Alibaba Group office building in Beijing, China August 9, 2021. REUTERS/Tingshu Wang Join now for FREE unlimited access to Reuters.com Register Plans to add HK main listing by end of 2022, retain NYSE listing Hong Kong shares jump 5%; this decision will diversify the investor base -CEO Seen boosting mainland … Read more

S&P 500 ends choppy session almost flat; investors watch the Fed, earnings

S&P 500 ends choppy session almost flat;  investors watch the Fed, earnings

Apple and Amazon.com among companies to report earnings this week FOMC to kick off two-day policy meeting starting Tuesday Miner Newmont plummets after raising annual cost forecast Indices: Dow up 0.3%, S&P 500 up 0.1%, Nasdaq down 0.4% NEW YORK, July 25 (Reuters) – The S&P 500 oscillated on Monday and ended virtually unchanged as … Read more