Town Hall News

WASHINGTON (Reuters) – A group of nine Republican senators on Tuesday urged the Biden administration to impose sanctions on Huawei Cloud and other Chinese cloud service providers citing national security concerns, according to a letter seen by Reuters. The letter led by Republican Senator Bill Hagerty to the Commerce, State and Treasury departments said Chinese cloud computing companies “are increasingly engaging with foreign entities — in some cases sanctioned foreign […]

WASHINGTON (Reuters) – A group of nine Republican senators on Tuesday urged the Biden administration to impose sanctions on Huawei Cloud and other Chinese cloud service providers citing national security concerns, according to a letter seen by Reuters. The letter led by Republican Senator Bill Hagerty to the Commerce, State and Treasury departments said Chinese cloud computing companies “are increasingly engaging with foreign entities — in some cases sanctioned foreign […]

By Michael Holden and Sam Tobin LONDON (Reuters) -Britain’s Prince William settled a phone-hacking claim against Rupert Murdoch’s UK newspaper arm for a “huge sum” after a secret deal struck with Buckingham Palace, the heir’s younger brother Prince Harry said in court documents. Harry, the younger son of King Charles, is suing Murdoch’s News Group Newspapers (NGN) at the High Court in London for multiple unlawful acts allegedly committed on […]

BERLIN (Reuters) – Mercedes-Benz on Tuesday launched its last new combustion engine model – the next generation of the E-Class, which will be built in Germany and China and go on sale in Europe in the third quarter of this year. Follow-up models of the E-Class will be built on a new platform adapted for battery-powered cars, though this generation will already be available as a hybrid. “Building a battery […]

By Sriparna Roy and Bhanvi Satija (Reuters) – Biogen Inc said on Tuesday it will pause or discontinue at least four studies of experimental drugs to focus on more potentially lucrative options including its second Alzheimer’s treatment, Leqembi, in the latest attempt by the new CEO to trim costs. “We made good progress on the previous program that it amounts $1 billion of cost savings,” Chief Executive Christopher Viehbacker said […]

By Sriparna Roy and Bhanvi Satija (Reuters) -Biogen Inc said on Tuesday it will pause or discontinue at least four studies of experimental drugs to focus on more potentially lucrative options including its second Alzheimer’s treatment, Leqembi, in the latest attempt by the new CEO to trim costs. “We made good progress on the previous program that it amounts $1 billion of cost savings,” Chief Executive Christopher Viehbacker said on […]

By Michael Holden and Sam Tobin LONDON (Reuters) -Britain’s Prince William settled a phone-hacking claim against Rupert Murdoch’s UK newspaper arm for a “huge sum” after a secret deal struck with Buckingham Palace, the heir’s younger brother Prince Harry said in court documents. Harry, the younger son of King Charles, is suing Murdoch’s News Group Newspapers (NGN) at the High Court in London for multiple unlawful acts allegedly committed on […]

(Reuters) – Homebuilder and mortgage banking company NVR Inc beat analysts’ expectations for first-quarter profit on Tuesday, helped by higher home prices. U.S. home prices have remained elevated as a shortage of homebuilding supplies limited the availability of new homes, helping counter lower demand from a jump in mortgage rates following the Federal Reserve’s aggressive monetary policy. Virginia-based NVR posted earnings of $99.89 per diluted share for the three months […]

By Shristi Achar A (Reuters) – Canada’s main stock index fell on Tuesday as investors remained on the sidelines in an earnings-heavy week, while weakness in crude and copper prices dragged the commodity stocks lower. At 10:03 a.m. ET (1403 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was down 113.01 points, or 0.55%, at 20,563.73, dropping to nearly its two-week low levels. The energy sector lost 1.4% as crude […]