Town Hall News

By Rajesh Kumar Singh CHICAGO (Reuters) -United Airlines must offer its pilots higher pay than Delta Air Lines did to win a new contract, United’s pilot union head Garth Thompson said. In an interview, Thompson told Reuters the Chicago-based carrier has only been willing to match Delta’s pay. United’s pilot contract came up for renewal in 2019 and negotiations have been under way for five years. Delta’s landmark pilot contract […]

(Reuters) -Twitter CEO Elon Musk said on Thursday that he has found a new chief executive for the social media platform and that she will be starting in about 6 weeks. “My role will transition to being exec chair & CTO, overseeing product, software & sysops,” Musk said in a tweet. Musk said in November he expected to reduce his time at Twitter and eventually find a new leader to […]

(Reuters) – Twitter CEO Elon Musk said on Thursday that he has found a new chief executive for the social media platform and that she will be starting in about 6 weeks. Musk said in November he expected to reduce his time at Twitter and eventually find a new leader to run the social media company. The move is likely to allay Tesla investors’ concerns, who have been increasingly worried […]

By Ahmed Aboulenein WASHINGTON (Reuters) – Leaders of major insulin makers and pharmacy benefit managers (PBMs) traded blame for the life-saving drug’s high price on Wednesday while testifying at a U.S. Senate committee hearing on making it more affordable. PBMs negotiate with drugmakers for rebates and lower fees on behalf of employers and other clients, and reimburse pharmacies for prescriptions they dispense. Both sides blame each other for high drug […]

By Carien du Plessis , Nellie Peyton and Bhargav Acharya JOHANNESBURG (Reuters) -The United States envoy to South Africa said on Thursday he was confident that a Russian ship had picked up weapons in South Africa last year, in a possible breach of Pretoria’s declared neutrality in the Ukraine conflict. The rand and South Africa’s 2030 government bond extended losses after the U.S. assertion as currency traders said they were […]

By David Shepardson WASHINGTON (Reuters) -The chair of a U.S. House of Representatives committee on China’s Communist Party and other lawmakers on Thursday raised “deep concern” and sought answers over reports Chinese-owned short video app TikTok censored an account that posted content from a film about pro-democracy Hong Kong tycoon Jimmy Lai. Representative Mike Gallagher and 12 other Republican lawmakers said in a letter to TikTok CEO Show Zi Chew […]

By Carien du Plessis , Nellie Peyton and Bhargav Acharya JOHANNESBURG (Reuters) -The United States envoy to South Africa said on Thursday he was confident that a Russian ship had picked up weapons in South Africa last year, in a possible breach of Pretoria’s declared neutrality in the Ukraine conflict. The rand and South Africa’s 2030 government bond extended losses after the U.S. assertion as currency traders said they were […]

PARIS (Reuters) – Former French President Nicolas Sarkozy should stand trial on charges of corruption and illegal financing of an election campaign related to alleged Libyan funding of his successful 2007 presidential bid, France’s financial prosecutor (PNF) said. Prosecutors have investigated allegations that former Libyan leader Muammar Gaddafi sent Sarkozy’s election campaign millions of euros in cash, allegations that were first made by one of the sons of the late […]

By Michael Erman and Bhanvi Satija NEW YORK (Reuters) -Pfizer Inc Chief Executive Albert Bourla on Thursday called U.S. plans to negotiate drug prices for its Medicare health program “negotiation with a gun to your head” and said he expects drugmakers to sue in an attempt to halt the process. “It is not negotiation at all. It is price setting,” Bourla said at a Reuters newsmaker event on Thursday, referring […]