Town Hall News

By Sarah N. Lynch WASHINGTON (Reuters) -Evan Corcoran, a lawyer for Donald Trump, appeared on Friday before a federal grand jury looking into Trump’s retention of classified documents following the end of his presidency, testifying only after a U.S. judge rejected Corcoran’s claim that doing so would violate attorney-client privilege. Corcoran’s 3-1/2 hour appearance behind closed doors was another signal that two criminal investigations into Trump led by Special Counsel […]

(Reuters) – The U.S. Food and Drug Administration (FDA) on Friday approved Dutch firm Pharming Group’s drug to treat a rare genetic disorder that leads to a weakened immune system, the company said. Leniolisib, to be sold under the brand name Joenja, becomes the first approved drug to treat activated phosphoinositide 3-kinase delta syndrome (APDS), a primary immunodeficiency that affects about 1 to 2 people in a million. Joenja is […]

By Michael Martina and David Brunnstrom WASHINGTON (Reuters) -President Joe Biden said last month after a U.S. fighter jet shot down a suspected Chinese spy balloon that he planned to speak to Chinese President Xi Jinping about the episode and clear the air between the rival superpowers. Five weeks later, the call still hasn’t happened. Instead, after two months of diplomatic sniping and Xi’s trip this week to Moscow where […]

By Michael S. Derby NEW YORK (Reuters) – The Federal Reserve said on Friday that rising interest costs cut into the amount of money it handed back to the Treasury last year compared to what it handed back in 2021. The Fed returned $76 billion to the Treasury last year, down from $109 billion the year before, the central bank said as part of an audited financial statement released Friday. […]

(Reuters) -The U.S. health regulator on Friday proposed cancer drug developers in most cases conduct more rigorous trials to seek accelerated approval for their candidates. The Food and Drug Administration’s proposed recommendation follows criticism for the accelerated approval pathway, as well as an independent federal review into it after the controversial nod for Biogen Inc’s Alzheimer’s treatment Aduhelm. Accelerated approvals allow quicker nod for therapies that target serious and life-threatening […]

(Reuters) -Former Brazilian President Jair Bolsonaro will return to Brazil on March 30, his party confirmed via social media on Friday, following more than three months of self-imposed exile in the United States after losing his re-election bid. Bolsonaro’s return to Brazil is eagerly awaited by his conservative Liberal Party (PL), which became the largest in the Brazilian Congress after the election last October. “Our national president, Valdemar Costa Neto, […]

By David Shepardson WASHINGTON (Reuters) – U.S. House Speaker Kevin McCarthy thinks lawmakers will pass bipartisan legislation to address national security worries about Chinese-owned short video app TikTok, he said on Friday, and called the testimony of the company’s CEO “very concerning.” TikTok CEO Shou Zi Chew appeared before a U.S. House Committee for about five hours on Thursday and lawmakers from both parties grilled him about national security and […]

By David Shepardson WASHINGTON (Reuters) – U.S. House Speaker Kevin McCarthy thinks lawmakers will pass bipartisan legislation to address national security worries about Chinese-owned short video app TikTok, he said on Friday, and called the testimony of the company’s CEO “very concerning.” TikTok CEO Shou Zi Chew appeared before a U.S. House Committee for about five hours on Thursday and lawmakers from both parties grilled him about national security and […]

By Naomi Rovnick and Koh Gui Qing LONDON/NEW YORK (Reuters) -Global stock markets swooned on Friday as fears about contagion among banks hobbled shares in lenders such as Deutsche Bank, with the flight from risk shoring up the dollar and driving bond yields lower. Market sentiment was hurt by a sell-off in the shares of Deutsche, which tumbled as much as 15% at one point, as its credit default swaps, […]