Town Hall News

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 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 […]

(Reuters) – A Ukrainian unit said on Wednesday it had routed a Russian brigade near the stronghold of Bakhmut in an incident underlining the task facing the Kremlin as it carries out what it calls a “very difficult” military operation.     The unit’s claim appeared to back up comments by Yevgeny Prigozhin, the head of the Wagner private army, who on Tuesday said the Russian brigade had abandoned its positions. […]

(Reuters) – A Ukrainian unit said on Wednesday it had routed a Russian brigade near the stronghold of Bakhmut in an incident underlining the task facing the Kremlin as it carries out what it calls a “very difficult” military operation.     The unit’s claim appeared to back up comments by Yevgeny Prigozhin, the head of the Wagner private army, who on Tuesday said the Russian brigade had abandoned its positions. […]

(Reuters) -A U.S. Army sergeant was sentenced to 25 years in a Texas prison on Wednesday for killing a man at a protest against police brutality in 2020, setting the stage for Governor Greg Abbott to make good on a pledge to grant a pardon. Daniel Perry was found guilty last month of shooting to death 28-year-old Garrett Foster, a U.S. Air Force veteran, at a Black Lives Matter rally […]

(Reuters) -A U.S. Army sergeant was sentenced to 25 years in a Texas prison on Wednesday for killing a man at a protest against police brutality in 2020, setting the stage for Governor Greg Abbott to make good on a pledge to grant a pardon. Daniel Perry was found guilty last month of shooting to death 28-year-old Garrett Foster, a U.S. Air Force veteran, at a Black Lives Matter rally […]

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Wall Street and world markets cheered below-consensus U.S. inflation on Wednesday, but they may not be so accommodating if Chinese inflation on Thursday also undershoots forecasts. Easing U.S. price pressures are a sign that inflation is on its way back down towards the Fed’s 2% goal and that the economy may be headed […]

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Wall Street and world markets cheered below-consensus U.S. inflation on Wednesday, but they may not be so accommodating if Chinese inflation on Thursday also undershoots forecasts. Easing U.S. price pressures are a sign that inflation is on its way back down towards the Fed’s 2% goal and that the economy may be headed […]

By Nate Raymond and Jonathan Stempel BOSTON (Reuters) -A U.S. federal appeals court on Wednesday threw out the fraud convictions of two wealthy fathers accused of participating in a vast college admissions fraud by conspiring to pay bribes so their children could attend top universities. The 1st U.S. Circuit Court of Appeals in Boston ruled in favor of private equity executive John Wilson and former casino executive Gamal Aziz, the […]