Town Hall News

(Reuters) – Britain’s sprint king Mark Cavendish announced on Monday that he will end his 17-year career as a professional cyclist at the conclusion of the season. During his illustrious career Cavendish racked up 161 victories, including 34 at the Tour de France to equal the record of Belgian great Eddy Merckx. Cavendish made the announcement during a press conference organised by his Astana-Qazagstan team during the rest day at […]

By Laura Matthews NEW YORK (Reuters) – BNY Mellon is expanding its offering of short-term investment products as investors chase higher yields, the bank announced on Monday. The bank is now offering access to mutual funds, interest-bearing deposits and sponsored cleared repurchase agreement sweep products through its LiquidityDirect platform, a portal for institutional investors. The offerings are geared at corporate treasurers seeking to maximize liquidity and mitigate counterparty credit risk […]

By Yukiko Toyoda and David Dolan TOKYO (Reuters) -The leaders of the Group of Seven (G7) rich democracies this weekend pledged to “de-risk” without “decoupling” from China, an approach that reflected European and Japanese concerns about pushing Beijing too hard, officials and experts said. U.S. President Joe Biden and other G7 leaders wrapped up a three-day summit in the Japanese city of Hiroshima on Sunday where they took aim at […]

(Reuters) -Oculis Holding said on Monday its drug to treat a type of eye disorder met its main goal in a late-stage study, sending its shares up about 15% in premarket trading. The company is testing the drug, ‍OCS-01​, to treat diabetic macular edema which is a leading cause of blindness in patients with diabetes. Patients treated with the drug showed strong visual gain compared to a vehicle, which is […]

(Reuters) – Britain’s sprint king Mark Cavendish announced on Monday that he will end his 17-year career as a professional cyclist at the conclusion of the season. During his illustrious career Cavendish racked up 161 victories, including 34 at the Tour de France to equal the record of Belgian great Eddy Merckx. Cavendish made the announcement during a press conference organised by his Astana-Qazagstan team during the rest day at […]

(Reuters) – Shares of Intercept Pharmaceuticals Inc fell 16% on Monday over concerns about the prospects of the company’s drug to treat a type of fatty liver disease after the regulator’s advisory panel voted to defer an accelerated approval. A panel of advisers to the U.S. Food and Drug Administration said on Friday study data suggested that the benefits of Intercept’s drug, obeticholic acid (OCA), did not outweigh the risks […]

(Reuters) -Minneapolis Federal Reserve President Neel Kashkari said on Monday it was a “close call” on whether he would vote to raise interest rates at the central bank’s meeting next month or take a pause and leave rates where they are. Speaking on CNBC, Kashkari also said services inflation remains “pretty darn entrenched” and that “it may be that we have to go north of 6%” to get it back […]

By Yukiko Toyoda and David Dolan TOKYO (Reuters) – The leaders of the Group of Seven (G7) rich democracies this weekend pledged to “de-risk” without “decoupling” from China, an approach that reflected European and Japanese concerns about pushing Beijing too hard, officials and experts said. U.S. President Joe Biden and other G7 leaders wrapped up a three-day summit in the Japanese city of Hiroshima on Sunday where they took aim […]

By Aram Roston and Joseph Tanfani BOCA RATON, Florida (Reuters) – Ukrainian-American businessman Lev Parnas and his business partner were arrested in 2019, accused by the U.S. government of funneling a Russian oligarch’s money into American political campaigns. One recipient of Parnas’ donations — Florida Governor Ron DeSantis — has said he was barely an acquaintance. “The governor does not have a relationship with these individuals,” DeSantis’ spokesperson at the […]