DIRS.INFO The most relevant business & tech news

☆ Counterfeit Botox has been found in several states. Here’s what consumers should know.
▼ + stars: | 2024-04-16 | by ( Jacqueline Howard | ) edition.cnn.com time to read: +11 min

CNN —The US Food and Drug Administration is warning that dangerous counterfeit versions of Botox have been identified in multiple states, putting the safety of consumers at risk. The incidents of counterfeit Botox being administered to consumers appear to be connected to products that have been purchased from unlicensed sources and then administered by either unlicensed or licensed providers. The counterfeit Botox products may be identified by the lot number C3709C3 found on the outer carton and vial, the FDA said. Counterfeit botox has been found in several states. Most often, when counterfeit Botox is sold, “the injector knows they’re purchasing something counterfeit,” Sung said.

Persons: Washington –, Botox, Lavanya Krishnan, Arya Derm, ” Krishnan, Krishnan, Allergan, ”, “, Jimmy Sung, you’re, can’t, ” Sung, Michael Cameron, Cameron, ” Cameron, Sung, “ I’m, I’ve, Steven Williams, ” Williams, Dr, Sanjay Gupta, Cynthia Elliott, ” Elliott Organizations: CNN, Food and Drug Administration, FDA, US Centers for Disease Control, CDC, American Board of Cosmetic, Revance Therapeutics, Merz Aesthetics, Tribeca Aesthetics, Cameron Dermatology, Mount Sinai Health, American Society of Plastic Surgeons, “, CNN Health Locations: – Colorado, Florida , Illinois , Kentucky , Nebraska , New Jersey , New York , Tennessee, San Francisco, United States, New York City, New York, Florida

☆ Bristol-Myers Squibb to acquire Mirati in up to $5.8 billion deal
▼ + stars: | 2023-10-09 | by ( Michael Erman | ) www.reuters.com time to read: +3 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsOct 8 (Reuters) - Bristol-Myers Squibb (BMY.N) on Sunday said it will acquire cancer drugmaker Mirati Therapeutics (MRTX.O) for up to $5.8 billion, diversifying its oncology business and adding drugs it hopes can help offset expected lost revenue from patent expirations later this decade. Bristol will pick up Mirati's portfolio drugs that target the genetic drivers of specific cancers including its lung cancer drug, Krazati, which was approved in December. The company said that it will buy Mirati for $58 per share in cash, or around $4.8 billion. Mirati has around $1.1 billion in cash on hand, so "we're paying essentially $3.7 billion enterprise value...we think with that we've gotten a very attractive deal," Lenkowsky said. Last year, Bristol acquired drug developer Turning Point Therapeutics for $4.1 billion in cash to help bolster its arsenal of cancer drugs.

Persons: Bristol Myers, Dado Ruvic, Adam Lenkowsky, Mirati, we've, Lenkowsky, Chris Boerner, Giovanni Caforio, Boerner, Lavanya Ahire, Lisa Shumaker, Diane Craft, Andrea Ricci, Michael Perry Organizations: Bristol, Bristol Myers Squibb, REUTERS, Myers Squibb, Therapeutics, U.S . Food, Drug Administration, Bristol Myers, Thomson Locations: Bristol, U.S, New York

☆ Bristol-Myers Squibb to acquire Mirati in $5.8 billion deal
▼ + stars: | 2023-10-08 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsOct 8 (Reuters) - Bristol-Myers Squibb (BMY.N) on Sunday said it will acquire Mirati Therapeutics (MRTX.O) in a transaction that values the cancer drugmaker at up to $5.8 billion. The company said that it will buy Mirati for $58 per share in cash. Mirati stockholders will receive one non-tradeable contingent value right for each Mirati share held, potentially worth $12.00 per share in cash, representing an additional $1 billion of value opportunity, the company added. Bristol-Myers Squibb will finance the transaction with a combination of cash and debt, the company said in a statement. Last year, Bristol-Myers acquired drug developer Turning Point Therapeutics for $4.1 billion in cash to help bolster its arsenal of cancer drugs.

Persons: Bristol Myers, Dado Ruvic, Myers, Chris Boerner, Giovanni Caforio, Boerner, Lavanya Ahire, Lisa Shumaker, Diane Craft, Andrea Ricci Organizations: Bristol, Bristol Myers Squibb, REUTERS, Myers Squibb, Mirati Therapeutics, Bristol Myers, Therapeutics, Thomson Locations: Bristol, U.S, New York

LONDON, Oct 8 (Reuters) - Embattled British bank Metro (MTRO.L) announced a 325 million pound ($396.5 million) capital raise and 600 million pound debt refinancing on Sunday, after a weekend of urgent talks to bolster its balance sheet after a volatile week of trading. Metro Bank had sought to shore up its finances after a string of setbacks in recent years, including accounting errors, leadership departures and delayed regulatory approval for key capital reliefs. The equity raise was led by Metro's largest shareholder, Gilinski-owned Spaldy Investments, which contributed 102 million pounds. The Bank of England's Prudential Regulation Authority said in a statement: "The Prudential Regulation Authority welcomes the steps taken by Metro Bank to strengthen its capital position." Reuters reported on Friday that Metro Bank was set to discuss funding options with its shareholders over the weekend, after a proposal from bondholders earlier in the week was seen as handing over too much control.

Persons: Jaime Gilinski, Gilinski, Iain Withers, Anousha, Huw Jones, Pablo Mayo Cerquerio, Londo, Lavanya, Lisa Shumaker Organizations: Metro, Metro Bank, Metro's, Spaldy Investments, of England's Prudential, Authority, Prudential, HSBC, Lloyds, Reuters, Thomson Locations: Colombian, London, Bengaluru

☆ Billionaire Schaeffler family mulls Vitesco buyout, Bloomberg reports
▼ + stars: | 2023-10-08 | by ( ) www.reuters.com time to read: 1 min

Oct 8 (Reuters) - Germany's billionaire Schaeffler family is considering a buyout of Vitesco Technologies Group (VTSCn.DE) to boost their presence in the electric vehicle supply chain, Bloomberg News reported on Sunday. Schaeffler family holding companies already own about 49.9% of Vitesco, Bloomberg said. Vitesco has a market value of about 3 billion euros ($3.2 billion), the report added. Schaeffler and Vitesco did not immediately respond to Reuters request for comment. ($1 = 0.9472 euros)Reporting by Lavanya Ahire in Bengaluru; Editing by Lisa ShumakerOur Standards: The Thomson Reuters Trust Principles.

Persons: Schaeffler, Vitesco, Lavanya, Lisa Shumaker Organizations: Vitesco Technologies, Bloomberg, Schaeffler, Thomson Locations: Vitesco, Bengaluru

Thailand's central bank is seen at the Bank of Thailand in Bangkok, Thailand April 26, 2016. Despite inflation in Thailand edging up slightly to 0.88% in August, it remained below the central bank's 1-3% target range for a fourth consecutive month, suggesting little need for the Bank of Thailand (BOT) to continue hiking. A strong majority of economists in a Sept. 18-22 poll, 21 of 27, expected the BOT to keep its benchmark one-day repurchase rate (THCBIR=ECI) at 2.25% on Wednesday. None expected the central bank to raise interest rates at the following meeting in November. Median forecasts showed interest rates remaining at 2.25% through next year.

Persons: Jorge Silva, Sethaput Suthiwartnarueput, Lavanya Venkateswaran, Aris, Anant Chandak, Susobhan Sarkar, Devayani Sathyan, Jonathan Cable, Kim Coghill Organizations: Bank of, REUTERS, Bank of Thailand, Aris Dacanay, HSBC, Thomson Locations: Bank of Thailand, Bangkok, Thailand, BENGALURU, China, ASEAN

☆ Yellen Signals Support for Windfall Tax on Frozen Russian Assets
▼ + stars: | 2023-09-21 | by ( Sept. | At P.M. | ) www.usnews.com time to read: +1 min

WASHINGTON (Reuters) - U.S. Treasury Secretary Janet Yellen has voiced support for a European Union plan to impose a windfall tax on profits generated by frozen Russian sovereign assets, calling it a “sensible” way to help finance the reconstruction of Ukraine, a Treasury spokesperson said on Thursday. Yellen, who discussed frozen Russian assets with Ukrainian officials during her visit to Kyiv in February, told Bloomberg News reporters and editors that Washington was discussing the idea with the EU, the spokesperson said. Yellen has repeatedly voiced support for Ukrainian demands that Russia should pay for the damage it has done to Ukraine, but has also pointed to significant legal obstacles halting moves to fully seize the $300 billion in Russian central bank assets frozen by sanctions. EU officials have estimated that the windfall profit from Russia's frozen assets in Europe could provide 3 billion euro ($3.27 billion) a year to rebuild Ukraine. (Reporting by Andrea Shalal in Washington and Lavanya Ahire in Bengaluru)

Persons: Janet Yellen, Yellen, Washington, Andrea Shalal, Lavanya Organizations: WASHINGTON, . Treasury, Bloomberg News, EU Locations: Ukraine, Kyiv, Russia, Russian, Europe, Washington, Bengaluru

☆ California sues oil giants for downplaying risks posed by fossil fuels
▼ + stars: | 2023-09-16 | by ( ) www.reuters.com time to read: +2 min

A general view of oil drilling equipment on federal land near Fellows, California, U.S., April 15, 2023. The American Petroleum Institute, an industry trade group, has also been listed as a defendant in the case, according to the filing. California has sought the creation of an abatement fund to pay for future damages caused by climate-related disasters in the state, the filing showed. Sharing a similar sentiment, Shell said in an emailed statement, "We do not believe the courtroom is the right venue to address climate change." California Governor Gavin Newsom, said in a post on X, formerly known as Twitter, "California is taking action to hold big polluters accountable."

Persons: Nichola, Shell, Gavin Newsom, ConocoPhillips didn't, Kanjyik Ghosh, Lavanya, Nate Raymond, Mark Potter, Diane Craft Organizations: REUTERS, Rights, Chevron Corp, Conocophillips, Exxon Mobil Corp, Shell PLC, BP, ConocoPhillips, American Petroleum Institute, Reuters, Chevron, Exxon Mobil, Thomson Locations: Fellows , California, U.S, California, San Francisco, United States, Bangalore, Boston

☆ SoftBank seeks OpenAI tie-up as Son plans deal spree after Arm IPO, Financial Times reports
▼ + stars: | 2023-09-16 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsSept 16 (Reuters) - SoftBank (9984.T) is looking for deals in artificial intelligence (AI), including a potential investment in OpenAI, after the blockbuster listing of its Arm unit, the Financial Times reported on Saturday. Son said in June that his tech investing conglomerate planned to shift its stance to "offence mode" amid excitement over advances in AI. The Japanese tech investment company could also look to strike a broad strategic partnership with ChatGPT maker OpenAI, FT said. Son has expressed excitement about AI technology, adding he is a "heavy user" of ChatGPT, the AI-powered chatbot from Microsoft-backed (MSFT.O) startup OpenAI. SoftBank is looking at a range of alternatives to OpenAI as well, including a preliminary approach to buy Graphcore, a UK-based AI chipmaker, the report added.

Persons: Dado Ruvic, Masayoshi, Son, Sam Altman, SoftBank, Graphcore, OpenAI, Arm, Lavanya, Kanjyik Ghosh, William Mallard, Mark Potter Organizations: REUTERS, Financial Times, Microsoft, Reuters, Vision Fund, Thomson Locations: OpenAI, Bengaluru, Bangalore

☆ California sues oil giants for downplaying risks posed by fossil fuels - NYT
▼ + stars: | 2023-09-16 | by ( ) www.reuters.com time to read: +2 min

A general view of oil drilling equipment on federal land near Fellows, California, U.S., April 15, 2023. REUTERS/Nichola Groom/File Photo Acquire Licensing RightsCompanies Bp Plc FollowChevron Corp FollowConocophillips Follow Show more companiesSept 16 (Reuters) - The state of California has sued major oil companies including Exxon Mobil Corp (XOM.N), Shell PLC (SHEL.L), and Chevron Corp (CVX.N), accusing them of playing down the risks posed by fossil fuels, the New York Times reported on Friday. The American Petroleum Institute, an industry trade group, has also been listed as a defendant in the case, the report said, adding that California has sought the creation of an abatement fund to pay for future damages caused by climate related disasters in the state. The legal action follows dozens of lawsuits filed in recent years against the fossil fuel industry by states and municipalities across the United States broadly alleging harms from climate impacts including extreme weather. Reporting by Kanjyik Ghosh in Bangalore; additional reporting by Lavanya Ahire; editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.

Persons: Nichola, Kanjyik Ghosh, Lavanya, Mark Potter Organizations: REUTERS, Rights, Chevron Corp, Conocophillips, Exxon Mobil Corp, Shell PLC, New York Times, BP, ConocoPhillips, American Petroleum Institute, Congress, Shell, Exxon Mobil, Thomson Locations: Fellows , California, U.S, California, San Francisco, United States, Chevron, Bangalore

☆ UK to declare Russia's Wagner a terrorist organisation
▼ + stars: | 2023-09-06 | by ( ) www.reuters.com time to read: +2 min

A flag with the logo of Wagner private mercenary group is attached to a car during an automobile rally at a patriotic festival marking Russia's National Flag Day in the Moscow region, Russia, August 23, 2023. Britain's interior minister Suella Braverman described the Wagner Group as "violent and destructive", adding it "acted as a military tool of Vladimir Putin's Russia overseas". "They are terrorists, plain and simple - and this proscription order makes that clear in UK law," she said. The Wagner mercenary group has operated in Syria, Libya and a number of countries across northern and western Africa. Lawmakers on parliament's Foreign Affairs Committee in July urged more targeted sanctions on what it said were a "web of entities" beneath the Wagner Group.

Persons: Wagner, Yulia Morozova, Suella Braverman, Vladimir Putin's, David Lammy, Putin, Vladimir Putin, Yevgeny Prigozhin, Lavanya, Sarah Young, Peter Graff, William Schomberg Organizations: REUTERS, Wagner Group, Labour, Twitter, Britain, Prigozhin, Central African, Lawmakers, parliament's Foreign Affairs, Thomson Locations: Moscow, Russia, Russian, British, Vladimir Putin's Russia, Ukraine, East, Africa, Syria, Libya, Central African Republic, Mali, Sudan, Bengaluru, London

☆ Google DeepMind co-founder calls for US to enforce AI standards - FT
▼ + stars: | 2023-09-01 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration/File Photo/File Photo Acquire Licensing RightsSept 1 (Reuters) - The U.S. should allow Nvidia's (NVDA.O) artificial intelligence (AI) chips only to buyers who agree to ethically use the technology, Google DeepMind's co-founder Mustafa Suleyman told the Financial Times on Friday. The US should enforce minimum global standards for the use of AI, and companies should at a minimum agree to abide by the same pledge made by leading AI firms to the White House, Suleyman said. "The US should mandate that any consumer of Nvidia chips signs up to at least the voluntary commitments — and more likely, more than that," Suleyman said. Mustafa Suleyman is also the chief executive of Inflection AI, a Microsoft-backed AI startup that raised $1.3 billion in June from Nvidia and other firms. In May, Inflection released an AI chatbot named Pi that uses generative AI technology to interact with users through conversations, in which people can ask questions and share interests.

Persons: Dado Ruvic, Mustafa Suleyman, Suleyman, Lavanya, Rashmi Organizations: NVIDIA, REUTERS, Google, Financial, White, Nvidia, Microsoft, Thomson Locations: U.S, China, Bengaluru

☆ Amazon shareholder sues board, Bezos over Blue Origin launch contracts
▼ + stars: | 2023-09-01 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Pascal Rossignol/File Photo Acquire Licensing RightsAug 31 (Reuters) - An Amazon (AMZN.O) shareholder has filed a lawsuit against founder Jeff Bezos and the Amazon board alleging directors failed to fully vet a decision to award launch contracts for the company's Project Kuiper satellite project to Blue Origin, Bezos's space company. Amazon's Project Kuiper is a planned network of over 3,000 satellites designed to beam broadband internet to remote regions. Cleveland Bakers and Teamsters Pension Fund, a multi-employer fund, said in its filing that the launch contracts were the second-largest capital expenditure in Amazon's history at the time. Project Kuiper will begin mass-producing the satellites later this year and beta testing with commercial customers in 2024, Amazon said earlier this year. The pension fund seeks unspecified damages and legal fees, according to a lawsuit filed on August 28 in the Delaware Court of Chancery.

Persons: Pascal, Jeff Bezos, Elon Musk, Musk's Starlink, Amazon, Chandni Shah, Abinaya, Lavanya, Kevin Krolicki Organizations: REUTERS, Amazon, Cleveland Bakers, Teamsters, Fund, Origin, SpaceX, Reuters, Teamsters Pension Fund, FCC, Thomson Locations: Lauwin, France, Delaware, Bengaluru

☆ Fed warned Goldman's fintech unit on risk, compliance oversight -FT
▼ + stars: | 2023-08-31 | by ( ) www.reuters.com time to read: +1 min

People walk in the Goldman Sachs global headquarters in Manhattan, New York, U.S., November 15, 2021. The Fed declined to comment while Goldman Sachs and TxB did not immediately respond to a Reuters request for comment on the report. "We are not permitted to comment on any supervisory matters related to our regulators," Goldman Sachs told FT. The transaction banking business is a part of the company's Platform Solutions unit. Along with transaction banking, the Platform Solutions unit houses credit cards and a fintech unit, GreenSky purchased for $2.2 billion in 2021.

Persons: Goldman Sachs, Andrew Kelly, Goldman, TxB, GreenSky, Lavanya, Nivedita Organizations: REUTERS, U.S . Federal Reserve, Financial Times, Thomson Locations: Manhattan , New York, U.S, Bengaluru

☆ Genesis, DCG reach in-principle deal with creditors - court filing
▼ + stars: | 2023-08-29 | by ( ) www.reuters.com time to read: +1 min

Aug 29 (Reuters) - Genesis Global and its parent company Digital Currency Group have reached an in-principle agreement with Genesis' creditors to resolve claims brought during the crypto lender's bankruptcy, a court filing showed on Tuesday. The deal includes a payment of about $630 million in unsecured loans due in May 2023 and a $1.1 billion unsecured promissory note due in 2032, along with some other potential claims. Genesis filed for bankruptcy in January owing at least $3.4 billion to creditors and reached an agreement in principle on a restructuring plan, supported by Digital Currency Group, and its primary creditors, including Gemini, in February. DCG, owned by Barry Silbert, owns a portfolio of crypto companies in addition to Genesis, including crypto news and events site CoinDesk and New York-based Grayscale, a major digital asset manager. Reporting by Lavanya Ahire in Bengaluru; Additional reporting by Akanksha Khushi; Editing by Rashmi Aich and Sohini GoswamiOur Standards: The Thomson Reuters Trust Principles.

Persons: Genesis, Barry Silbert, Lavanya, Akanksha Khushi, Rashmi Aich, Sohini Organizations: Genesis, Digital Currency Group, Gemini, Thomson Locations: U.S, York, DCG, New York, Bengaluru

SummaryCompanies ATM, branch, card services restored -OCBCBank on standby to deploy additional resourcesLarger peer DBS faced 6.5-hour disruption in MayAug 28 (Reuters) - Singapore's second-biggest bank, Oversea-Chinese Banking Corp (OCBC) (OCBC.SI), restored ATM, branch and card services on Monday after grappling with technical problems that disrupted various banking channels. OCBC, which is also Southeast Asia's second biggest lender by assets, had taken to its social media accounts earlier to warn of the issues that began at 8.33 a.m.Internet banking, mobile banking and Velocity arrangements were still affected, an OCBC spokesperson said in a response to Reuters. "We are on standby to deploy additional resources at branches and extend branch banking hours," the spokesperson added. "Our channels were impacted by a technical problem, affecting consumer and business banking customers." On May 5, the digital banking services of larger peer DBS (DBSM.SI) faced a 6-1/2-hour disruption.

Persons: Tharman Shanmugaratnam, Lavanya Ahire, Yantoultra Ngui, Kim Coghill, Clarence Fernandez Organizations: OCBC Bank, DBS, Chinese Banking Corp, Reuters, Monetary Authority of Singapore, Thomson Locations: Oversea, Bengaluru, Singapore

☆ Five dead, 6 hospitalized in California bar shooting-CBS News
▼ + stars: | 2023-08-24 | by ( ) www.reuters.com time to read: +1 min

Aug 23 (Reuters) - Five people were killed in a shooting at a bikers' bar in California's Orange County, CBS Los Angeles reported on Wednesday citing sources. Six more people were in hospital after a retired law enforcement officer opened fired at the bar, the report added. There were multiple victims, the Orange Country Sheriff said in a post on social media platform X, formerly known as Twitter. The CBS report said the shooting took place at a bikers' bar called Cook's Corner in Trabuco Canyon and there was now a large law enforcement presence. The California governor's office said it was monitoring the shooting in Orange County.

Persons: Lavanya, Neil Fullick, Himani Sarkar, Michael Perry Organizations: CBS, Orange Country Sheriff, Twitter, Reuters, Thomson Locations: Orange County, CBS Los Angeles, Trabuco, California, Bengaluru

☆ Citigroup mulls plan to split its largest division - source
▼ + stars: | 2023-08-21 | by ( ) www.reuters.com time to read: +2 min

The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. The bank is unlikely to replace Ybarra, the head of its Institutional Clients Group (ICG), the source said on Monday. The plans are still being considered and have not been finalized, the source said. The ICG unit provides financial services to institutional investors and governments. Its shares fell 0.6% alongside a broader decline in the S&P bank index, which dropped 0.5% in Monday trading.

Persons: Chris Helgren, Paco Ybarra, Jane Fraser, Scott Siefers, Piper Sandler, Ybarra, Tatiana Bautzer, Saeed Azhar, Lavanya, Dhanya Ann Thoppil, Hugh Lawson, Mark Potter Organizations: Citigroup Inc, Citi, REUTERS, Citigroup, Ybarra, Group, ICG, Financial Times, Reuters, Thomson Locations: Toronto , Ontario, Canada, New York, Bengaluru

☆ Citi considers plan to disband its biggest division in overhaul- FT
▼ + stars: | 2023-08-21 | by ( ) www.reuters.com time to read: 1 min

Aug 21 (Reuters) - Citigroup (C.N) chief executive Jane Fraser is considering a plan to disband the bank's biggest division, the Financial Times reported on Monday. The plan would split the Institutional Clients Group — which generated nearly three-quarters of Citi's $14.8 billion in net 2022 profits — into its three primary business segments: investment and corporate banking, global markets and transaction services, the FT report said. Reporting by Lavanya Ahire in Bengaluru; Editing by Nivedita BhattacharjeeOur Standards: The Thomson Reuters Trust Principles.

Persons: Jane Fraser, Lavanya, Nivedita Organizations: Citigroup, Financial Times, Thomson Locations: Bengaluru

☆ Citi mulls plan to split Institutional Clients Group in overhaul- FT
▼ + stars: | 2023-08-21 | by ( ) www.reuters.com time to read: +1 min

The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. The plan envisages splitting the bank's Institutional Clients Group (ICG) into its three primary business segments: investment and corporate banking, global markets and transaction services, the FT report said, citing people familiar with the proposal. The Institutional Clients Group which provides financial services to institutional investors and governments is one of the biggest divisions of the bank. The new segments will be run by their current heads, who would report directly to Fraser, the newspaper said. Reporting by Lavanya Ahire in Bengaluru; Editing by Nivedita Bhattacharjee and Dhanya Ann ThoppilOur Standards: The Thomson Reuters Trust Principles.

Persons: Chris Helgren, Jane Fraser, Fraser, Paco Ybarra, Lavanya, Nivedita Bhattacharjee, Dhanya Ann Thoppil Organizations: Citigroup Inc, Citi, REUTERS, Citigroup, Financial Times, Group, ICG, Reuters, Thomson Locations: Toronto , Ontario, Canada, Bengaluru

☆ US asks Iran to stop selling drones to Russia-FT
▼ + stars: | 2023-08-16 | by ( ) www.reuters.com time to read: +1 min

[1/2] An image shows Iranian drone transfer to Russia, as evidence of new Russian-Iran cooperation, in this handout acquired June 9, 2023. White House/Handout via REUTERS/File Photo Acquire Licensing RightsAug 16 (Reuters) - U.S. is pushing Iran to stop selling armed drones to Russia as part of discussions on a broader unwritten understanding between Washington and Tehran to de-escalate tensions, the Financial Times said on Wednesday, citing people briefed on the matter. The U.S. is pressing Iran to stop selling armed drones to Russia, which Moscow is using in the war in Ukraine, as well as spare parts for the unmanned aircraft, the report said, citing an Iranian official and another person familiar with the talks. The news comes as Washington and Iran are trying to ease tensions and revive broader talks over Iran's nuclear program. Iran allowed four detained U.S. citizens to move into house arrest from Tehran's Evin prison while a fifth was already under home confinement.

Persons: Antony Blinken, Tehran's, Lavanya, Himani Sarkar, Kim Coghill Organizations: REUTERS, Financial Times, Iranian, U.S, Reuters, Thomson Locations: Russia, Russian, Iran, White, Washington, Tehran, de, U.S, Moscow, Ukraine, South Korea, Bengaluru

☆ Binance files for protective order against SEC
▼ + stars: | 2023-08-15 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Dado Ruvic/Illustration/File PhotoAug 15 (Reuters) - Crypto exchange Binance late on Monday filed for a protective court order against the U.S. Securities and Exchange Commission saying the regulator's requests for information were "over broad" and "unduly burdensome". In a court filing in the US District Court of Columbia, BAM Trading, Binance U.S.'s operating company and BAM Management said the group had already provided sufficient information to the regulator. The protective order seeks to limit the SEC, among other things, to four depositions from BAM employees, and to drop the deposition of BAM's chief executive and of its chief financial officer, without naming anyone. Binance and the SEC did not immediately respond to a request for comment. The SEC has declined BAM's proposals to meaningfully limit its requests and is opposed to the motion for a protective order, the filing said.

Persons: Dado Ruvic, Changpeng Zhao, Lavanya, Kim Coghill, Sharon Singleton Organizations: REUTERS, U.S . Securities, Exchange Commission, Court, Columbia, BAM, BAM Management, SEC, Thomson Locations: U.S, Bengaluru

☆ US scientists repeat fusion power breakthrough, Financial Times reports
▼ + stars: | 2023-08-06 | by ( ) www.reuters.com time to read: +1 min

Researchers at the federal Lawrence Livermore National Laboratory in California repeated the breakthrough in an experiment on July 30 that produced a higher energy output than in December, the newspaper said, citing people with knowledge of the results. The same lab achieved a net energy gain in a fusion experiment using lasers on Dec. 5, 2022. The scientists focused a laser on a target of fuel to fuse two light atoms into a denser one, releasing the energy. The laboratory confirmed to the FT that energy gain had been achieved again at its laser facility, adding that analysis of the results was underway. The Lawrence Livermore National Lab and the U.S. Energy Department did not immediately respond to Reuters' request for comment.

Persons: Damien Jemison, Lawrence, Lavanya, Leslie Adler Organizations: Target Chamber, Lawrence Livermore National Laboratory, REUTERS, Financial Times, Lawrence Livermore National Lab, U.S . Energy Department, Reuters, Thomson Locations: Lawrence Livermore National Laboratory federal, Livermore , California, U.S, Lawrence Livermore, California, Bengaluru

☆ FDA approves oral pill for postpartum depression for first time
▼ + stars: | 2023-08-05 | by ( ) www.reuters.com time to read: +2 min

Signage is seen outside of the Food and Drug Administration (FDA) headquarters in White Oak, Maryland, U.S., August 29, 2020. REUTERS/Andrew Kelly/File Photo/File PhotoAug 4 (Reuters) - The U.S. Food and Drug Administration (FDA) on Friday approved Biogen (BIIB.O) and Sage Therapeutics' (SAGE.O) oral pill to treat postpartum depression (PPD) in adults. The companies had sought the FDA's approval for the drug, Zurzuvae, to treat major depressive disorder (MDD), or clinical depression, as well as postpartum depression, which affect millions of people. Analysts have anticipated that the stocks of both companies would fall if the drug was approved only for postpartum depression, due to the smaller patient population. Until now, the FDA said, treatment for postpartum depression was available only as an intravenous injection.

Persons: Andrew Kelly, Zurzuvae, Biogen, Sage, Sriparna Roy, Lavanya, Krishna Chandra Eluri, Leslie Adler, William Mallard Organizations: Food and Drug Administration, FDA, REUTERS, U.S . Food, Drug Administration, Sage Therapeutics, U.S . Drug Enforcement Administration, Therapeutics, Thomson Locations: White Oak , Maryland, U.S, United States, Bengaluru

☆ US FDA approves Biogen-Sage Therapeutics pill for postpartum depression
▼ + stars: | 2023-08-04 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Andrew Kelly/File Photo/File PhotoAug 4 (Reuters) - The U.S. Food and Drug Administration on Friday approved Biogen (BIIB.O) and Sage Therapeutics' (SAGE.O) oral pill to treat postpartum depression (PPD) in adults. The companies had sought the FDA's approval for the drug, Zurzuvae, to treat major depressive disorder), or clinical depression, as well as postpartum depression (PPD), which affect millions of people. Analysts were anticipating the stocks of both companies to fall if the drug was approved only for postpartum depression due to the smaller patient population. Until now, the FDA said, treatment for postpartum depression was available only as an IV injection. Postpartum depression (PPD) affects around one in seven women who give birth.

Persons: Andrew Kelly, Sriparna Roy, Lavanya, Krishna Chandra Eluri, Leslie Adler Organizations: Food and Drug Administration, FDA, REUTERS, U.S . Food, Drug Administration, Sage Therapeutics, Thomson Locations: White Oak , Maryland, U.S, United States, Bengaluru

Search resuls for: "Lavanya"

25 mentions found