Reuters USA

Federal probe launched in fatal police shooting of Black teen in Washington

By Kanishka Singh WASHINGTON (Reuters) – U.S. investigators opened a civil rights probe into last month’s fatal shooting of a Black teenager by a U.S. Park Police officer in Washington, they said on Wednesday, a day after body camera footage prompted the victim’s family to call for the shooter to be prosecuted and fired. Dalaneo …

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U.S. trade chief Tai defends pursuit of non-traditional trade deals

By David Lawder WASHINGTON (Reuters) -U.S. Trade Representative Katherine Tai on Wednesday defended the Biden administration’s decision not to pursue traditional free trade deals and argued her approach of working to ease non-tariff barriers is better for workers, supply chains and the U.S. ability to compete with China. In a policy speech at American University’s …

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Ousted Marvel Entertainment Chairman Ike Perlmutter to retain Disney shares

(Reuters) – Marvel Entertainment’s former chairman Ike Perlmutter on Wednesday said he will hold on to his Disney shares, a week after reports of his termination from the role. Reuters reported last Wednesday that Disney had laid off Perlmutter, 80, as part of a cost-cutting campaign. Perlmutter, however, told the Wall Street Journal that he …

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Western Alliance Bancorp’s deposits fall 11% on U.S. banking crisis fallout

By Manya Saini and Siddarth S (Reuters) – Western Alliance Bancorporation said on Wednesday its first-quarter deposits were 11% lower than at the end of 2022, as customers spooked by the sudden collapse of two U.S. mid-sized lenders pulled out funds. The stock slumped as much as 19% earlier Wednesday after the company gave a …

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With abortion rights in the balance, Wisconsin elects liberal to Supreme Court

By Joseph Ax and Daniel Trotta (Reuters) – Wisconsin voters on Tuesday elected liberal Janet Protasiewicz to the state Supreme Court, flipping control to a liberal majority ahead of rulings on an abortion ban and other matters that could play a role in the 2024 presidential election. Protasiewicz defeated conservative candidate Daniel Kelly in what …

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Drugmaker AbbVie trims profit forecasts on IPR&D expenses

(Reuters) -AbbVie Inc on Wednesday lowered its full-year and first-quarter profit expectations, citing a $150 million hit from acquired in-process research and development (IPR&D) and milestone expenses. The drugmaker’s shares were down nearly 1% at $159.50 in extended trade. The company estimated first-quarter adjusted earnings to be between $2.31 and $2.41 per share from an …

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