Town Hall News

By Diane Bartz WASHINGTON (Reuters) – The U.S. Federal Trade Commission said on Tuesday it would sue to stop Amgen Inc’s $27.8 billion acquisition of Horizon Therapeutics Plc in a rare move to block a large pharmaceutical deal. In its complaint, the FTC said Amgen would be able to leverage the powerful position it has with insurance companies and pharmacy benefit managers who want access to its blockbuster drugs to […]

By Stephanie Kelly NEW YORK (Reuters) -Oil futures dipped on Tuesday as weaker-than-expected economic data in China and the United States offset a forecast of higher global demand from the International Energy Agency (IEA). Brent crude futures settled 32 cents lower to $74.91 a barrel. U.S. West Texas Intermediate crude edged down 25 cents to $70.86. Both benchmarks rose more than 1% on Monday, reversing a three-session losing streak. Weighing […]

WASHINGTON (Reuters) -President Joe Biden may skip a visit to Australia on an upcoming Asia trip due to the unfolding debate in Washington over the U.S. debt ceiling, the White House said on Tuesday. John Kirby, the White House national security spokesperson, said Biden would depart for Japan on Wednesday as scheduled but a subsequent stop in Australia is being reevaluated. “We’re working though, thinking through, the rest of the […]

(Corrects in last paragraph the last major deal approved by the FTC to April from August 2021) By Diane Bartz WASHINGTON (Reuters) -The U.S. Federal Trade Commission said on Tuesday it would sue to stop Amgen Inc’s $27.8 billion acquisition of Horizon Therapeutics Plc in a rare move to block a large pharmaceutical deal. In its complaint, the FTC said Amgen would be able to leverage the powerful position it […]

WASHINGTON (Reuters) -President Joe Biden may skip a visit to Australia on an upcoming Asia trip due to the unfolding debate in Washington over the U.S. debt ceiling, the White House said on Tuesday. John Kirby, the White House national security spokesperson, said Biden would depart for Japan on Wednesday as scheduled but a subsequent stop in Australia is being reevaluated. “We’re working though, thinking through, the rest of the […]

By Stephen Culp NEW YORK (Reuters) – The S&P 500 and the Dow lost ground on Tuesday and benchmark Treasury yields continued to climb as mixed economic data, weak corporate results and impending debt ceiling negotiations in Washington kept equity buyers on the sidelines. The tech-heavy Nasdaq was nominally positive, pinned by momentum megacaps including Amazon.com and Microsoft Corp. President Joe Biden and House of Representatives Speaker Kevin McCarthy were […]

(Reuters) – The Biden administration has approved a permit to allow the Mountain Valley natural gas pipeline to run through the Jefferson National Forest straddling Virginia and West Virginia, Senator Joe Manchin said on Tuesday. Manchin, a conservative Democrat of West Virgina, has introduced a bill to speed fossil fuel and renewable energy projects that calls on the administration to approve Equitrans Midstream Corp’s $6.6 billion Mountain Valley pipeline. The […]

By Asif Shahzad ISLAMABAD (Reuters) – Pakistan’s civilian and military leaders on Tuesday said that rioters and their backers who attacked state assets and military installations to protest the arrest of former prime minister Imran Khan will be tried under army laws. The decision was taken at a meeting of the National Security Committee chaired by Prime Minister Shehbaz Sharif. It is an endorsement of the military, which said on […]

By David Shepardson WASHINGTON (Reuters) -U.S. Postmaster General Louis DeJoy will tell lawmakers on Wednesday he plans to take more “aggressive actions” after saying the agency will not meet its goal of breaking even in 2023. The U.S. Postal Service (USPS) has reduced projected losses from $160 billion to $70 billion over 10 years after winning financial relief from Congress, instituting regular price hikes and adopting reforms. DeJoy will tell […]