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03-05-2022 kslmadmin
By Dawn Chmielewski LOS ANGELES (Reuters) – Writer Kyra Jones knew she would be taking a financial hit when she agreed to join the writers’ room for the Hulu comedy series “Woke.” The first payment she received for her share of the show’s digital rentals was a mere $4, before taxes, barely enough to buy a latte. The streaming residual check amounted to one-third of the $12,000 Jones received in […]
By Raghav Mahobe (Reuters) -Ironwood Pharmaceuticals Inc said on Monday it would buy Switzerland-based drug developer VectivBio Holding AG for $1.15 billion, adding a promising treatment for digestive disorders to its portfolio. Ironwood has offered $17 per share for VectivBio, a premium of about 43% to the stock’s last close. VectivBio’s shares were at $16.21 in morning trade, while Ironwood’s stock fell 4.5% to $10. The deal, expected to close […]
By Mike Scarcella (Reuters) – National retail pharmacy giant Walgreen Co has asked a U.S. judge to vacate an arbitrator’s award of more than $642 million to Humana Health Plan Inc in a drug-pricing dispute, calling the “staggering” sum the result of a “miscarriage of justice.” Lawyers for Walgreens made their legal challenge in a filing on Friday in Washington, D.C., federal court, in a clash over prescription drug reimbursement […]
By Jonathan Stempel NEW YORK (Reuters) – A U.S. judge on Monday dismissed long-running litigation by investors who accused HSBC Holdings Plc and Bank of Nova Scotia of conspiring to fix silver prices. U.S. District Judge Valerie Caproni in Manhattan said the investors lacked legal standing to pursue federal antitrust claims under the Sherman Act, or claims under the federal Commodity Exchange Act. Investors had accused HSBC, Scotiabank and Deutsche […]
By Stephen Nellis (Reuters) – Intel Corp on Monday provided a handful of new details on a chip for artificial intelligence (AI) computing it plans to introduce in 2025 as it shifts strategy to compete against Nvidia Corp and Advanced Micro Devices Inc. At a supercomputing conference in Germany on Monday, Intel said its forthcoming “Falcon Shores” chip will have 288 gigabytes of memory and support 8-bit floating point computation. […]
By Nupur Anand, Lananh Nguyen and Mehnaz Yasmin NEW YORK (Reuters) – JPMorgan Chase & Co’s net interest income will rise $3 billion as it brings in more in interest payments from its purchase of failed First Republic Bank this year, executives told investors on Monday. The largest U.S. lender expects its net interest income to rise to $84 billion from higher interest payments in 2023, increasing an earlier forecast […]
By Shreyashi Sanyal and Shristi Achar A (Reuters) – The Nasdaq and the S&P 500 rose on Monday as markets turned to megacap stocks while awaiting updates on a fresh round of talks about raising the U.S. debt ceiling, and shares of Micron fell after China’s ban on its memory chips. President Joe Biden and House Republican Speaker Kevin McCarthy will meet for talks on Monday after their discussions almost […]
By Jonathan Stempel NEW YORK (Reuters) – A U.S. judge on Monday dismissed long-running litigation by investors who accused HSBC Holdings Plc and Bank of Nova Scotia of conspiring to fix silver prices. U.S. District Judge Valerie Caproni in Manhattan said the investors lacked legal standing to pursue federal antitrust claims under the Sherman Act, or claims under the federal Commodity Exchange Act. Investors had accused HSBC, Scotiabank and Deutsche […]
By Shreyashi Sanyal and Shristi Achar A (Reuters) – The Nasdaq and the S&P 500 rose on Monday as markets turned to megacap stocks while awaiting updates on a fresh round of talks about raising the U.S. debt ceiling, and shares of Micron fell after China’s ban on its memory chips. President Joe Biden and House Republican Speaker Kevin McCarthy will meet for talks on Monday after their discussions almost […]
