Reuters USA

By Manas Mishra (Reuters) -Biogen Inc Chief Executive Officer Christopher Viehbacher said on Wednesday he is banking on high-profile launches of Alzheimer’s disease treatment Leqembi and depression drug zuranolone, as well as deals, to help the company return to revenue growth. Industry veteran Viehbacher joined the U.S. biotech in November, at a time when sales …

Biogen CEO bets on Alzheimer’s drug, pipeline to return to growth Read More »

By Mimosa Spencer PARIS (Reuters) -French luxury group Kering is creating a position at the group level to oversee “brand safety” after a backlash from a Balenciaga advertising campaign dented sales in the final weeks of 2022. A series of high-profile public relations embarrassments, including the split between Adidas and rapper and fashion designer Ye, …

Kering to name ‘brand safety’ boss after Balenciaga ad uproar Read More »

By Rodrigo Campos NEW YORK (Reuters) – Emerging market equities and debt attracted the largest monthly net inflow in January in two years as better conditions allowed for blockbuster debt issuance while upbeat sentiment funneled cash toward Chinese stocks, the Institute of International Finance said on Wednesday. The January figure of $65.7 billion net inflows …

January flows to emerging markets largest in two years – IIF Read More »

(Reuters) -Ford Motor Co can save up to $2.5 billion this year through better management of production schedules and due to a drop in commodity prices, Chief Financial Officer John Lawler said on Wednesday. The Detroit automaker, however, will take years to close the cost disadvantage of $7 billion to $8 billion it has with …

Ford eyes up to $2.5 billion in cost savings this year Read More »

(Reuters) – The Biden administration on Wednesday outlined long-awaited rules for electric charging stations as part of a $7.5 billion federal government program, a bid to jump-start the country’s adoption of electric vehicles (EVs). Here are the terms and acronyms you need to know to understand the booming EV charger market. LEVEL UP EV chargers …

Factbox-CCS? CHAdeMO? EV charger terms you need to know Read More »

By Dan Burns (Reuters) – Confidence among U.S. single-family homebuilders improved for a second straight month in February – and by much more than economists had anticipated – in a fresh signal the housing market was turning a corner after last year’s huge slump. The National Association of Home Builders on Wednesday said its NAHB/Wells …

U.S. home builder confidence extends rebound in February, NAHB says Read More »

By Lindsay DeDario and Tyler Clifford BUFFALO (Reuters) – The avowed white supremacist who confessed to fatally shooting 10 Black people last year at a western New York grocery store faces a life sentence without the possibility of parole for the attack when he appears in state court on Wednesday. Payton Gendron, 19, pleaded guilty …

Gunman in racist Buffalo shooting faces life without parole at sentencing Read More »

(Reuters) -Roblox Corp on Wednesday reported better-than-expected bookings for the fourth quarter as users spent more money on the online gaming platform during the holiday season, powering a 25% surge in its shares. Mostly popular with children thanks to games like “Jailbreak” and “MeepCity”, Roblox has been expanding into other countries and trying to make …

Roblox dazzles Wall St with bookings beat on holiday boost Read More »

WASHINGTON (Reuters) – Production at U.S. factories rebounded in January, but output in the prior month was much weaker than initially thought amid higher borrowing costs that are hurting the manufacturing sector. Manufacturing output increased 1.0% last month, the Federal Reserve said on Wednesday. Data for December was revised down to show production at factories …

U.S. manufacturing output surges in January Read More »

SAO PAULO (Reuters) -Brazilian Finance Minister Fernando Haddad said on Wednesday that discussing the interest rate level, currently at a six-year high of 13.75%, is more important than debating inflation targets, mirroring the president’s dissatisfaction with the country’s borrowing costs. Speaking at an event hosted by BTG Pactual, he said that with the current level …

Brazil’s Haddad: discussing rate level ‘more important’ than inflation target Read More »