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By Michael S. Derby May 3 (Reuters) – Federal Reserve Bank of Minneapolis President Neel Kashkari said Sunday that the longer the Iran war goes on, the greater the risks of higher inflation and economic damage, all of which limit how much guidance the central bank should provide on rate policy right now. In an appearance on CBS’s “Face the Nation” television program, Kashkari said he was “very focused” on […]

Less than 24 hours after taking a fastball to the helmet, Houston Astros first baseman Christian Walker was penciled into the starting lineup for the Astros’ series finale on Sunday at Boston. Facing an 0-2 pitch from Red Sox rookie left-hander Tyler Samaniego, Walker was drilled over his left eye by a 93.3 mph fastball on Saturday that broke his helmet and sent the biggest piece flying 10 feet toward […]

Twenty years after the original, the sequel to “The Devil Wears Prada” made a splash in its first weekend in theaters. Driven largely by women, “The Devil Wears Prada 2” earned $77 million in the U.S. and Canada, and $156.6 million internationally, according to studio estimates Sunday. It easily topped the box office and bumped “Michael” to second place, though the musical biopic held well in its second weekend, falling […]

VIENNA (AP) — Seven countries in the OPEC+ grouping of oil-producing countries — including Saudi Arabia and Russia — say they’ve decided to a modest increase in production starting in June as part of a commitment to “market stability.” The commitment from the seven countries, also including Algeria, Iraq, Kazakhstan, Kuwait and Oman, to raise production by 188,000 barrels per day comes after a virtual meeting they held on Sunday. […]

PARIS, May 3 (Reuters) – Belgian biopharmaceuticals company UCB has agreed to buy privately-held Candid Therapeutics in a deal worth up to $2.2 billion, the companies said on Sunday. UCB will pay $2 billion in upfront payments and up to $200 million in potential future milestone payments for Candid Therapeutics, which is headquartered in California and is working on treatments for autoimmune diseases. (Reporting by Sudip Kar-GuptaEditing by Tomasz Janowski) […]

It’s just a little more than 100 miles from Madison Square Garden in New York to Xfinity Mobile Arena in South Philadelphia — a relatively short car ride or train trip for Knicks fans who wanted to see their team in action against the 76ers in the Eastern Conference semifinals. But 76ers star Joel Embiid, who was the NBA’s Most Valuable Player and a first-team All-Pro selection in the 2022-23 […]

KYIV, Ukraine (AP) — Ukraine on Sunday launched a wave of strikes against Russian oil targets, hitting a key loading port on the Baltic Sea and two tankers that Ukraine alleges were illegally used to transport Russian crude. A nighttime drone strike sparked a blaze at Russia’s largest oil exporting port on the Baltic Sea, the port of Primorsk, according to Russian regional Gov. Alexander Drozdenko. The port, operated by […]

By Michael S. Derby May 3 (Reuters) – The prosecutor who dropped the criminal investigation launched by President Donald Trump’s administration into Federal Reserve Chair Jerome Powell said on Sunday if a Fed internal watchdog probe into cost overruns in the central bank’s headquarters renovations finds no wrongdoing that would end the matter. Jeanine Pirro, the Trump-appointed U.S. Attorney in Washington, launched the criminal investigation into Powell in January and […]

May 3 (Reuters) – Jailed Nobel Peace Prize laureate Narges Mohammadi was in critical condition in a cardiac care unit in northwestern Iran on Sunday, two days after she was brought to hospital from prison, a foundation run by her family said. Mohammadi’s blood pressure has continued to fluctuate dangerously, and treatment has been limited to efforts to stabilise her condition through oxygen therapy, the Narges Mohammadi Foundation said in […]