Town Hall News

MILAN (Reuters) – Italy’s government has no need to directly invest in Stellantis as the carmaker is doing well, Economy Minister Giancarlo Giorgetti suggested on Monday, echoing similar comments made last week by the group’s chairman. Asked by reporters whether Rome should take a stake in Stellantis to have more say in its management, Giorgetti said the company’s CEO Carlos Tavares had demonstrated he can pursue the highest financial results […]

By Karen Brettell NEW YORK (Reuters) – The dollar index turned negative on Monday after data showed that the U.S. services sector barely grew in May as new orders slowed, overturning an earlier rally that was boosted by strong jobs growth in May. The Institute for Supply Management (ISM) said that its non-manufacturing PMI fell to 50.3 last month from 51.9 in April. A reading above 50 indicates growth in […]

MILAN (Reuters) – Ferrari has no plans to purchase other sports car makers, the company’s Chief Executive Benedetto Vigna said on Monday. “I don’t think it makes sense for us to buy other supercar makers,” Vigna said, replying to a question about possible M&A operations by the Italian company. “When it comes to luxury the key is to maintain the DNA of companies,” Vigna said, reiterating that Ferrari’s strategy relies […]

(Reuters) – Shares of several cancer drug firms surged on Monday after the companies reported positive clinical trial data from their therapies at an ongoing industry conference in Chicago. Day One Bio, Immunogen Inc, Evaxion Biotech A/S and G1 Therapeutics Inc rose after presentations at the ongoing annual American Society of Clinical Oncology (ASCO) meeting. ImmunoGen Inc’s experimental drug, Elahere, to treat a type of ovarian cancer showed 35% reduction […]

MILAN (Reuters) – Italy’s economy minister suggested on Monday that Rome’s government had no need to directly invest in Stellantis as the carmaker was doing good, echoing similar comments made last week by the group’s chairman. Asked whether the Italian government should directly invest in Stellantis to have more say in its management, Minister Giancarlo Giorgetti said the carmaker’s CEO Carlos Tavares had demonstrated he can pursue the highest financial […]

By Pavel Polityuk KYIV (Reuters) -Moscow said on Monday it had thwarted a major offensive against its forces in eastern Ukraine, but Ukrainian officials dismissed the report and both sides said the Ukrainian military had advanced elsewhere along the front line. It was unclear whether the attacks represented the start of Ukraine’s long-heralded counter-offensive against Russia’s invasion. Ukrainian officials sidestepped questions about it. Russia’s defence ministry said Ukraine had attacked […]

By Maria Ponnezhath and Clark Mindock (Reuters) – A U.S. judge has allowed the delay of a trial in which Florida’s Stuart city sued industrial conglomerate 3M Co over water contamination from toxic “forever chemicals”, a court filing showed on Monday. 3M shares fell 1.3% in morning trade. “The parties informed the Court last evening that they have reached a stage in those discussions where they believe a final binding […]

RAMALLAH (Reuters) – A three year-old Palestinian boy who was wounded by Israeli gunfire last week has died of his wounds, Palestinian and Israeli health officials said on Monday. Haitham al-Tamimi, the father of toddler Mohammad al-Tamimi, said the two were driving to visit relatives on June 1 when their car came under fire from nearby soldiers. The boy was critically wounded and he himself was hit in the shoulder. […]

DENVER (AP) — Staring down a 2-0 deficit in the NBA Finals, as the visitors in a hostile arena where no road team had prevailed in more than two months, the Miami Heat decided to do what they’ve done throughout the postseason. They found a way. Against all odds. Again. The Heat tied the NBA Finals and had to overcome a monster 41-point effort from Nikola Jokic to do it. […]