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May 24, 2022

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Dividend payouts hit first quarter record, but outlook rocky

Reuters
U.S. one dollar banknotes are seen in this illustration taken February 8, 2021. REUTERS/Dado Ruvic/Illustration//File Photo Register now for FREE unlimited access to Reuters.com Register LONDON, May 24 (Reuters) – Mining and oil firms led an 11% jump in dividend payouts to a first-quarter record of $302.5 billion, according to......

AstraZeneca says EU regulator approves COVID shot as booster

Reuters
May 23 (Reuters) – Drugmaker AstraZeneca (AZN.L) said on Monday its COVID-19 vaccine, Vaxzevria, has been approved in the European Union by the bloc’s drugs regulator as a third-dose booster in adults following a committee endorsement last week. The vaccine can now be used as a booster following the two-dose......

Biden invokes Defense Production Act to increase infant formula supply

Reuters
WASHINGTON, May 18 (Reuters) – President Joe Biden took steps on Wednesday to address the shortage of infant formula in the United States, invoking the Defense Production Act to help manufacturers obtain the ingredients needed to ramp up supply, the White House said. Biden also directed U.S. agencies to use......

U.S. to study whether longer Paxlovid course needed to combat reinfections

Reuters
May 18 (Reuters) – The U.S. National Institutes of Health is in talks with Pfizer Inc (PFE.N) about studying whether a longer course of the drugmaker’s COVID-19 antiviral treatment Paxlovid is needed to prevent reinfections, top U.S. infectious diseases expert Dr. Anthony Fauci said on Wednesday. “We’re going to be......

U.S. FDA authorizes Pfizer’s COVID booster shot for young children

Reuters
May 17 (Reuters) – The U.S. Food and Drug Administration on Tuesday authorized the use of a booster shot of Pfizer (PFE.N) and BioNTech’s COVID-19 vaccine for children aged 5 to 11, making everyone in the country over the age of 5 eligible for a third shot. The U.S. Centers......

Exclusive: Maker of Walmart, Amazon store-brand baby formulas sees shortages through rest of 2022

Reuters
NEW YORK, May 13 (Reuters) – Perrigo Company PLC (PRGO.N), which makes store-brand baby formulas for retailers, including Walmart Inc (WMT.N) and Amazon.com Inc (AMZN.O), expects shortages and heightened demand to last for the “balance of the year,” Chief Executive Murray Kessler told Reuters in an interview. The Biden administration......

N.Korea reports first COVID outbreak, orders lockdown in “gravest emergency”

Reuters
North Korea declares ‘gravest national emergency’ Potential for ‘unprecedented crisis’ for Kim Jong Un – expert Isolated state has declined offers of vaccine No North Korean civilians are believed vaccinated SEOUL, May 12 (Reuters) – North Korea reported its first COVID-19 outbreak on Thursday, calling it the “gravest national emergency”......

Blow to Roche’s cancer immunotherapy prospects as 2nd trial fails

Reuters
The logo of Swiss drugmaker Roche is seen at its headquarters in Basel, Switzerland January 30, 2020. REUTERS/Arnd Wiegmann/File Photo Register now for FREE unlimited access to Reuters.com Register Drug candidate tiragolumab previously flunked trial in March Anti-TIGIT class of drugs has attracted several rivals Roche says trial will continue......

Pfizer to pay $11.6 bln for Biohaven to tap migraine market

Reuters
May 10 (Reuters) – Pfizer Inc (PFE.N) said on Tuesday it will pay $11.6 billion to buy Biohaven Pharmaceutical Holding Co (BHVN.N), making a big bet its ability to boost sales of the top-selling pill in a new class of migraine drugs. The boards of both companies have approved the......

Opioid distributors reach $518 million settlement with Washington state

Reuters
May 3 (Reuters) – Washington has reached a $518 million settlement with drug distributors McKesson Corp (MCK.N), AmerisourceBergen Corp (ABC.N) and Cardinal Health (CAH.N), ending a months-long trial over the companies’ alleged role in fueling the opioid epidemic in the state, the three companies announced on Tuesday. McKesson will pay......

Moderna says its vaccine for ages under 6 will be ready for U.S. review in June

Reuters
A vial labelled “Moderna COVID-19 Vaccine” is seen in this illustration taken January 16, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, May 1 (Reuters) – Moderna Inc’s (MRNA.O) chief medical officer said on Sunday the company’s vaccine for children under 6 years old......

COVID’s new Omicron sub-lineages can dodge immunity from past infection, study says

Reuters
A man receives a booster shot for the coronavirus disease (COVID-19) at a McDonald’s, as the Omicron coronavirus variant spreads through the country, in Chicago, Illinois, U.S., December 21, 2021. REUTERS/Jim Vondruska/File Photo Register now for FREE unlimited access to Reuters.com Register JOHANNESBURG, May 1 (Reuters) – Two new sublineages......

South Africa says it may be entering fifth COVID wave

Reuters
Country had expected another COVID wave in May or June Resurgence seems to be driven by Omicron sub-variants No sign sub-variants cause much more severe disease No dramatic rise in ICU admissions, deaths so far JOHANNESBURG, April 29 (Reuters) – South Africa may be entering a fifth COVID wave earlier......

All Blue Capital in $773 mln bid for Zymeworks

Reuters
April 28 (Reuters) – Investment firm All Blue Capital has approached Zymeworks Inc (ZYME.N), a developer of antibody therapies for cancer, with a $773 million acquisition offer. In a regulatory filing late on Thursday, All Blue said it had made a non-binding offer for $10.50 per share in cash, which......

Merck raises 2022 forecast as COVID pill, cancer drug fuels profit beat

Reuters
April 28 (Reuters) – Merck & Co (MRK.N) on Thursday reported quarterly profit and sales that beat estimates and raised its full-year forecasts on strong demand for top-selling cancer drug Keytruda, its Gardasil vaccine and COVID-19 antiviral pill molnupiravir. The U.S. drugmaker’s shares rose 1.8% to $85.90 before the opening......

Unilever warns of more price hikes as cost pressures build

Reuters
Unilever logo is displayed in this illustration taken on January 17, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register Q1 underlying sales up 7.3% vs forecast up 4.4% Q1 prices up 8.3%, volumes down 1% Raises H2 cost inflation forecast to 2.7 bln euros April 28......

U.S. to widen COVID antiviral pill distribution

Reuters
Pfizer’s coronavirus disease (COVID-19) pill Paxlovid is packaged in Ascoli, Italy, in this undated image obtained by Reuters on November 16, 2021. Pfizer/Handout via REUTERS Register now for FREE unlimited access to Reuters.com Register WASHINGTON, April 26 (Reuters) – U.S. President Joe Biden’s administration is aiming to expand access to......

‘We’re done with dead kids’: U.S. bars hand out free fentanyl tests

Reuters
OAKLAND, Calif., April 20 (Reuters) – Walking into the Good Hop craft beer bar in Oakland, California, Alison Heller looks like any other patron thirsting for happy hour. But instead of heading to the bar, she goes straight to the bathroom, opens her backpack and pulls out a plastic bag......

Abbott cuts sales growth forecast on baby formula recall

Reuters
Packages of BinaxNOW COVID-19 Antigen Self Test, manufactured by Abbott Laboratories, are seen in a store in Manhattan, New York, U.S., November 12, 2021. REUTERS/Andrew Kelly/File Photo Register now for FREE unlimited access to Reuters.com Register April 20 (Reuters) – Abbott Laboratories (ABT.N) on Wednesday lowered its full-year sales growth......

‘It’s up to them,’ Biden says about passenger masks on airplanes

Reuters
PORTSMOUTH, N.H., April 19 (Reuters) – U.S. President Joe Biden’s administration on Tuesday said it would appeal a judge’s ruling ending a mask mandate on airplanes if public health officials deem it necessary, hours after Biden answered a question about whether travelers should keep masking on planes by saying “it’s......

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