Town Hall News

By Adrianna Ebert GDANSK (Reuters) -Poland’s biggest game developer CD Projekt said on Thursday it will start a marketing campaign for the highly-anticipated first and only expansion to Cyberpunk 2077 under title Phantom Liberty in June. The launch will be “the biggest event for us this year,” board member Michał Nowakowski said, but “do not expect a campaign that is going to be comparable to the launch of a completely […]

By Blake Brittain (Reuters) – The Biden Administration told the U.S. Supreme Court on Wednesday that it should agree to hear a patent appeal over drug labels involving Teva Pharmaceuticals USA Inc and GlaxoSmithKline LLC that could have significant ramifications for the generic-drug industry. The U.S. Solicitor General said Teva’s generic version of GSK’s heart drug Coreg could not have violated GSK’s patent rights because Teva omitted the infringing use […]

By Moira Warburton WASHINGTON (Reuters) – Liberal Democrats in the U.S. Congress called on President Joe Biden on Thursday to take executive action to crack down on misconduct in the banking, airline and rail transportation industries. The Congressional Progressive Caucus said its proposals for executive actions, agency rules and enforcement of existing legislation were “designed to provide working families relief from the cost of living crisis, take on corporate misconduct, […]

(Clarifies the timing of the layoffs, which will happen in phases, in first and last paragraphs; not all job cuts happened Thursday) (Reuters) -Walt Disney Co’s ABC News laid off several senior executives Thursday, as it restructures its newsroom, two sources confirmed. The reductions are part of Disney’s previously announced plan to cut 7,000 positions as it seeks to control costs and become a more streamlined operation. It began layoffs […]

By Moira Warburton WASHINGTON (Reuters) – Liberal Democrats in the U.S. Congress called on President Joe Biden on Thursday to take executive action to crack down on misconduct in the banking, airline and rail transportation industries. The Congressional Progressive Caucus said its proposals for executive actions, agency rules and enforcement of existing legislation were “designed to provide working families relief from the cost of living crisis, take on corporate misconduct, […]

By Moira Warburton WASHINGTON (Reuters) – Liberal Democrats in the U.S. Congress called on President Joe Biden on Thursday to take executive action to crack down on misconduct in the banking, airline and rail transportation industries. The Congressional Progressive Caucus said its proposals for executive actions, agency rules and enforcement of existing legislation were “designed to provide working families relief from the cost of living crisis, take on corporate misconduct, […]

NEW YORK(Reuters) – Massachusetts regulators have opened an investigation into sales of company stock by top executives at First Republic Bank in the weeks leading up to the recent banking turmoil. Massachusetts’ Secretary of the Commonwealth William Galvin told Reuters his office has subpoenaed First Republic. He is seeking details about the firm’s insider trading policies and how officers handled their stock sales from January 1. A spokesperson for First […]

WASHINGTON (Reuters) – A bipartisan group of U.S. senators introduced a bill on Thursday aimed at cutting Google and Facebook’s clout in online advertising, an early sign that lawmakers will press on with efforts to rein in Big Tech in the new congress. The bill targets Alphabet’s Google and Meta’s Facebook, as well as Amazon.com and Apple, according to Senator Mike Lee’s office. The bill would prohibit big digital advertising […]

By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks ended higher on Thursday as technology-related shares extended their recent strong run, while regional bank shares fell after the Biden administration proposed stronger measures to help reduce risk. The S&P 500 technology index gave the S&P 500 its biggest boost, while the PHLX semiconductor index also rose, extending Wednesday’s strong gains. U.S. regional bank shares fell after the Biden administration proposed […]