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(Reuters) -AbbVie Inc on Tuesday raised its 2025 sales forecast of its newer immunology drugs Skyrizi and Rinvoq to more than $17.5 billion as it hopes to replace the loss of revenue from its blockbuster rheumatoid arthritis drug Humira. The company’s previous sales outlook for Skyrizi and Rinvoq in 2025 was more than $15 billion. …

Abbvie raises sales outlook of two immunology drugs to more than $17.5 billion in 2025 Read More »

(Reuters) – JPMorgan Chase & Co Chief Executive Officer Jamie Dimon said the American consumer was still strong in the face of heightened economic uncertainties, in an interview with Fox Business published on Tuesday. “Their balance sheets are in good shape. They are spending 10% more than pre-COVID,” Dimon said, even as economic uncertainties arising …

JPMorgan’s Dimon says U.S. consumer health in good shape – report Read More »

BRASILIA (Reuters) – Brazilian Supreme Court Justice Alexandre de Moraes said on Tuesday the country must firmly combat “terrorism” and “anti-democratic people attempting a coup” after supporters of former President Jair Bolsonaro stormed Brasilia earlier this week. “Democracy will prevail and Brazilian institutions will not bend,” said Moraes, who leads a probe into anti-democratic protests …

Brazil must ‘combat terrorism,’ top court justice says after capital riots Read More »

(Reuters) – More than 220,000 homes and businesses were still without power on Tuesday, as severe flooding hits California after a massive storm last week, according to data from PowerOutage.us. Bad weather disrupted road travel with flash floods and rock slides and have wreaked havoc on the state’s power grid, knocking out electricity to tens …

Over 220,000 still without power due to California storm Read More »

By Saeed Azhar, Niket Nishant and Lananh Nguyen NEW YORK (Reuters) – U.S. banking giants are forecast to report lower fourth quarter profits this week as lenders stockpile rainy-day funds to prepare for an economic slowdown that is battering investment banking. Four American banking giants — JPMorgan Chase & Co, Bank of America Corp, Citigroup …

U.S. banks get ready for shrinking profits and recession Read More »

(Reuters) -Goldman Sachs said on Tuesday it expects the euro zone economy to grow by 0.6% this year, compared with its previous forecast of a contraction, thanks to a fall in natural gas prices and the reopening of China’s borders. “We maintain our view that Euro area growth will be weak over the winter months …

Goldman Sachs no longer expects recession in euro zone in 2023 Read More »

LOS ANGELES (Reuters) – U.S. imports of goods in ocean shipping containers in December fell to levels approaching those last seen before the COVID-19 pandemic, a new report said on Tuesday. Demand for kitchen appliances, furniture, big-screen TVs, apparel and other retail goods softened late last year as record inflation bit into disposable income and …

U.S. imports of containerized goods retreat to pre-pandemic level Read More »