Reuters USA

WASHINGTON (Reuters) – The U.S. government is spending over $5 billion on an effort to speed up the development of new COVID-19 vaccines and treatments, a Department of Health and Human Services (HHS) spokesperson and a Biden administration official said on Monday. The investment, dubbed “Project NextGen” and first announced by White House and HHS …

U.S. spending $5 billion to speed up development of new COVID vaccines Read More »

By Jonathan Stempel WASHINGTON (Reuters) -The U.S. government on Monday appealed a Texas judge’s decision to suspend the Food and Drug Administration’s 23-year-old approval of a key abortion drug, saying the ruling endangered women’s health by blocking access to a pill long deemed safe. In a filing with the 5th U.S. Circuit Court of Appeals, …

US appeals Texas abortion pill ruling as states stockpile the drug Read More »

By Idrees Ali and Jonathan Landay WASHINGTON (Reuters) -U.S. national security agencies are reviewing how they share their most sensitive secrets inside the U.S. government, and dealing with the diplomatic fallout from the release of dozens of confidential documents, three U.S. officials said. Investigators are also working to determine what person or group might have …

U.S. officials review intel sharing after damaging leak Read More »

By Davide Barbuscia NEW YORK (Reuters) – The Federal Reserve may not need to raise interest rates further to fight inflation, as the fallout from last month’s turmoil in the banking sector and a series of recent labor data point to a slowing U.S. economy, a BlackRock executive said on Monday. Though Friday’s closely-followed Labor …

Fed might not need to hike rates in May as economy slows, says BlackRock Read More »

By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of New York President John Williams said on Monday that financial system troubles that drove the central bank to provide large amounts of credit to banks is not collateral damage from the Fed’s aggressive effort to lower inflation. “I personally don’t think the pace …

Fed’s Williams doubts monetary policy spiked banking sector stress Read More »

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Asian market trading volumes should return to more normal levels on Tuesday as investors around the world return from the Easter break, with Chinese inflation and an interest rate decision in South Korea the key events in a …

Marketmind: China focus turns back to the macro Read More »

By David Lawder WASHINGTON (Reuters) – International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Monday that 44 countries have expressed interest in borrowing from its $40 billion Resilience and Sustainability Trust after an initial five had arranged loans. The facility was created last year to help channel excess IMF Special Drawing Rights reserves …

IMF’s Georgieva says 44 countries interested in new resilience trust loans Read More »

By Andrea Shalal WASHINGTON (Reuters) – The U.S. banking system remains strong and resilient, but American officials will continue working with foreign counterparts to bolster financial resilience after recent bank failures, U.S. Treasury Undersecretary Jay Shambaugh said on Monday. Shambaugh said recent bank failures and developments were very different from those of the 2008 global …

US Treasury sees continued global growth despite strains in banking sector Read More »