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May 4 (Reuters) – Biopharmaceutical company Odyssey Therapeutics said on Monday it is targeting a valuation of up to $809.9 million in its initial public offering in the United States. The company is seeking to raise up to $238.3 million by offering 13.2 million shares priced between $16 and $18 apiece. The U.S. IPO market is showing early signs of reopening, with April marking the busiest month for new filings […]

By Olivia Le Poidevin GENEVA, May 4 (Reuters) – The World Health Organization said on Monday there was no need for panic and the risk to the public was low after three people died and three fell ill following a suspected ​outbreak of the rodent-borne hantavirus on a cruise ship in the Atlantic. Netherlands-based Oceanwide Expeditions said it was “managing a serious medical situation” on a polar expedition ship, the […]

By Federico Maccioni ABU DHABI, May 4 (Reuters) – The United Arab Emirates is discussing a currency swap line with the United States, its trade minister said on Monday. “We have this discussion and conversation with many, it’s part of an elite group that the U.S. is having this swap policy with. They are only having it with five countries,” Thani Al Zeyoudi said at a conference in Abu Dhabi. […]

WELLINGTON, New Zealand (AP) — A wide-ranging Australian inquiry examining antisemitism in the country after a massacre at a Hanukkah celebration heard Monday from Australian Jews who said escalating hatred has left them fearful and vulnerable. Fifteen people were killed when two gunmen opened fire at the celebration on Bondi Beach in December. Father and son Sajid and Naveed Akram are accused of carrying out the massacre with guns they […]

By Suzanne McGee PROVIDENCE, Rhode Island, May 4 (Reuters) – More than two dozen exchange-traded funds tied to elections, recessions, tech layoffs and other real-world events are still awaiting U.S. regulatory clearance, as issuers race to package the booming prediction-market business into a product retail investors can trade as easily as a stock. Roundhill Investments, GraniteShares and Bitwise filed in February with the Securities and Exchange Commission to launch products […]

By Diana Novak Jones May 4 (Reuters) – A trial is slated to begin in New Mexico on Monday that will test the state’s claims that Meta’s Facebook, Instagram and WhatsApp platforms harmed young users’ mental health and its bid for a court order forcing the company to make changes. The case, which will be tried before a judge in Santa Fe, stems from a lawsuit filed by New Mexico […]

By Waylon Cunningham May 4 (Reuters) – Several U.S. restaurant chains including Wingstop and Domino’s reported weaker-than-expected sales growth in the latest quarter, saying that soaring gasoline prices caused by the U.S.-Israeli war on Iran have forced their customers to cut back on other spending. Many don’t expect consumers to feel relief anytime soon. Analysts expect other restaurant chains also will show declining sales growth in upcoming earnings including Shake […]

By Lisa Richwine LOS ANGELES, May 4 (Reuters) – Lawyers for musician Britney Spears are expected to appear in a California courtroom on Monday to respond to a charge that the pop superstar drove her BMW while under the influence of drugs and alcohol. Spears, 44, was charged with one misdemeanor after authorities responded to a report in March of a black BMW traveling erratically at high speed in Ventura […]

By Yasmeen Abutaleb and Bo Erickson WASHINGTON, May 4 (Reuters) – U.S. Health Secretary Robert F. Kennedy Jr. is aiming for quick wins on new health initiatives to help Republicans in November’s midterm elections, after the White House asked him to pivot from a widely criticized campaign to rewrite U.S. vaccine policy, senior administration officials told Reuters. New efforts announced in the past few weeks were designed to appeal to […]