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China willing to play constructive role in debt talks
  + stars: | 2023-03-01 | by ( ) www.reuters.com   time to read: +1 min
BEIJING, March 1 (Reuters) - China is willing to "constructively" participate in solving the debt problems of relevant countries under a multilateral framework, its Premier Li Keqiang said on Wednesday. China, the world's largest bilateral creditor, has criticised multilateral lenders for not accepting losses, or haircuts, on loans to low-income countries while Beijing is being asked to do so on credit it has extended on its own. In a phone call with International Monetary Fund Managing Director Kristalina Georgieva, Li said that solving the debt problems of low-income countries requires the participation of all creditors, according to a China State Department statement. China is a major lender to high-debt countries, such as Ghana and Zambia. Reporting by Meg Shen and Ryan Woo Ediing by Tomasz JanowskiOur Standards: The Thomson Reuters Trust Principles.
Eli Lilly cuts insulin prices by 70%
  + stars: | 2023-03-01 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEli Lilly cuts insulin prices by 70%CNBC's Meg Tirrell joins 'The Exchange' to discuss Eli Lilly's decision to set insulin price caps, the motivations behind the company's decision, and whether or not other insulin producers will join them in cutting prices.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFDA advisory panel votes in favor of adult RSV vaccine from GSK PLCCNBC's Meg Tirrell joins 'Power Lunch' to discuss GSK PLC's RSV vaccine receiving FDA support, ongoing questions around the drug's approval and the timeline for the drug to be available for children.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEli Lilly CEO on slashing insulin prices, approval timelines for weight-loss and Alzheimer's drugsCNBC's Meg Tirrell and David Ricks, Eli Lilly CEO, joins 'Closing Bell: Overtime' to discuss the company's decision to slash insulin prices. He also discusses his economic outlook and the timeline for approval of drugs in its pipeline.
FDA advisers support Pfizer's RSV vaccine for older adults
  + stars: | 2023-02-28 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFDA advisers support Pfizer's RSV vaccine for older adultsCNBC's Meg Tirrell joins 'Closing Bell: Overtime' to report on FDA support for a Pfizer RSV vaccine for adults 65 and over.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNovavax stock down on concern over whether the company can continueCNBC's Meg Tirrell joins 'Closing Bell: Overtime' to report on Novavax's warning that it may not be able to continue as a company. Also, Sarepta shares rise on FDA signaling no advisory meeting on gene therapy.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAs we work more on the human genome project, the market for rare disease therapies grows, says Nord CEOCNBC's Meg Tirrell, Nord CEO Peter Saltonstall and Boston Children's Hospital's Dr. Olaf Bodamer join 'Power Lunch' to discuss pharmaceutical companies developing treatments for rare disease, the growth expectations for rare disease pharmaceuticals and the state of competition in the rare disease treatment space.
The tech industry has now lost an entire generation of trailblazing women leaders and replaced them mostly with men. And in the wake of the pandemic, women leaders in corporate America more broadly are more likely than ever to quit, according to the most recent Women in the Workplace report from McKinsey & Company and LeanIn.Org. Now that she’s departing, Big Tech is facing a new reckoning over its failure to promote and support women leaders, and what this could mean for the next generation of women in the industry. “Without women in the C-suite who have come before them, it could make this transition period tougher for next generation women leaders,” Kray said. “I think that what she achieved and what she modeled will be something that will live on beyond the fact that now we don’t have a female Big Tech CEO.”
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailModerna and Merck receive FDA breakthrough status for personalized cancer vaccineCNBC's Meg Tirrell reports on news from Moderna and Merck.
BEIJING, Feb 22 (Reuters) - Foxconn Chairman Liu Young-way met with the party chief of China's Henan province, home to the company's iPhone plant that was hit late last year by a COVID-19 outbreak, the provincial government said on Wednesday. Liu, who departed on Tuesday for a four-day inspection of the plant in the provincial capital of Zhengzhou, has met Lou Yangsheng, the Communist Party chief of Henan province and Wang Kai, provincial governor, the statement said. Henan pledged broad support for businesses and hoped Foxconn would continue to expand in the province, the statement added. Reporting by Ethan Wang and Meg Shen; Editing by Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailModerna, Merck receives FDA breakthrough status for personalized cancer vaccineCNBC's Meg Tirrell joins 'Closing Bell: Overtime' to report on Merck and Moderna receiving FDA breakthrough status for a personalized cancer vaccine.
But Barnes & Noble's reputation was taking something of a hit: small, independent bookstores were being edged out by the superstores, which were able to strike deals with publishing houses, sell more copies of books, and in some cases, had better economies of scale. In the late '90s, the tension between bookstores and Barnes & Noble was so intense, it inspired Nora Ephron's 1998 film "You've Got Mail." "You've Got Mail," starring Meg Ryan and Tom Hanks. Warner Bros. Source: New York Magazine
It was a long-term deal so I don't think we have to confront that yet, but it's gone terrifically for us, actually. If you don't want to compete, don't come in. Can you talk about the synergy with the Whitney Houston movie — she was a Sony Music artist — or "Gran Turismo," a Playstation game? Do you wish HBO Max's "The Last of Us," which is also based on a Sony Playstation game, had been a movie? A lot of big movies come out of it.
TSMC to boost capital at Arizona factory by $3.5 bln
  + stars: | 2023-02-14 | by ( ) www.reuters.com   time to read: +1 min
[1/3] U.S. President Joe Biden listens to Chairman of TSMC Mark Liu during a visit to TSMC AZ's first Fab (Semiconductor Fabrication Plant) in P1A (Phase 1A), in Phoenix, Arizona, U.S. December 6, 2022. REUTERS/Jonathan Ernst/File PhotoTAIPEI, Feb 14 (Reuters) - Taiwanese chipmaker TSMC (2330.TW) said on Tuesday its board had approved a plan to boost the capital of its chip factory in Arizona by up to $3.5 billion. TSMC in December tripled its planned investment at the Arizona chip plant, which began construction late last year, to $40 billion. The factory, among the largest foreign investments in U.S. history, will start production in 2026, using advanced 3 nm technology. TSMC expects its Phoenix factories to create 13,000 high-tech jobs, including 4,500 under TSMC and the rest at suppliers.
THE ENDThank you for playing,Photo credits: Sony Pictures (“Jerry Maguire”); Universal Pictures (“Love Actually,” “Marry Me,” “Notting Hill,” “Forgetting Sarah Marshall,” “Along Came Polly,” “Bridesmaids”); 20th Century Fox (“Say Anything,” “The Devil Wears Prada,” “There's Something About Mary”); Columbia Pictures (“50 First Dates,” “When Harry Met Sally,” “Hitch,” “The Holiday,” “The Wedding Planner,” “Cruel Intentions”); Miramax (“Bridget Jones’s Diary,” “Kate & Leopold,” “She’s All That”); MGM (“Licorice Pizza”); TriStar Pictures (“Sleepless in Seattle”); Warner Bros. (“You've Got Mail,” “Crazy, Stupid, Love”); Lionsgate (“Shotgun Wedding”); New Line Cinema (“Monster-in-Law”); Buena Vista Pictures (“Pretty Woman,” “10 Things I Hate About You,” “High Fidelity”); Disney (“The Princess Diaries”); Focus Features (“Deliver Us from Eva”); Paramount Pictures (“How to Lose a Guy in 10 Days”). A quiz by Tala Safie and Alexis Soloski. Produced by Sean Catangui, Amanda Webster, Alicia DeSantis and Lorne Manly.
Young professionals on TikTok are advocating for building "identity capital" to get ahead at work and in life. Identity capital has a lot more to do with connections and relationships and community." "I think of identity capital as anything you do that adds value to who you are," Jay told Insider. "The personal resources acquired developmentally become important," Côté wrote in one 2012 paper, with those personal resources being the experiences that make up identity capital; he calls identity capital the "black box of agency" where there is none. "I don't think identity capital is only valued to the extent that it's seen as profitable," she said.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNovo Nordisk CEO on safety concerns associated with off-label use of diabetes drugsCNBC's Meg Tirrell joins 'Closing Bell' to report on rapid prescription growth for diabetes medicine, celebrities using Ozempic and Wegovy for weight loss and the safety related to broad use of medicines.
Foxconn's January sales surge COVID disruption shaken off
  + stars: | 2023-02-05 | by ( ) www.reuters.com   time to read: 1 min
TAIPEI, Feb 5 (Reuters) - Taiwan's Foxconn (2317.TW), the world's largest contract electronics maker and major iPhone assembler for Apple Inc (AAPL.O), said on Sunday that revenue in January jumped 48.2% year-on-year, as it shook off COVID disruptions in China. Revenue in January reached a record high, with operations returning to normal and shipments increasing at the Zhengzhou campus in China, a centre for iPhone production, the company said in a statement. Production of iPhones faced disruption ahead of Christmas and January's Lunar New Year holidays, after curbs to control COVID-19 prompted thousands of workers to leave Foxconn's factory lines in Zhengzhou. Reporting by Ben Blanchard and Meg Shen; Editing by Lincoln Feast. Our Standards: The Thomson Reuters Trust Principles.
Production of iPhones faced disruption ahead of Christmas and January's Lunar New Year holidays, after curbs to control COVID-19 prompted thousands of workers to leave Foxconn's factory lines in Zhengzhou. "Based on market consensus for first quarter 2023, January revenue came in slightly ahead. The outlook for the first quarter will likely reach market expectation," Foxconn said without elaborating. Foxconn shares have slid 0.3% so far this year, underperforming the broader Taiwan market (.TWII) which is up 10.4%. ($1 = 29.9660 Taiwan dollars)Reporting by Ben Blanchard and Meg Shen; Additional reporting by Yimou Lee; Editing by Lincoln Feast.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPfizer responds to White House plans to end Covid public health emergencyCNBC's Meg Tirrell joins 'Halftime Report' for a breaking news update regarding the White House decision to end the Covid health emergency this May.
Appeals court dismisses Johnson and Johnson talc bankruptcy case
  + stars: | 2023-01-30 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAppeals court dismisses Johnson and Johnson talc bankruptcy caseCNBC's Meg Tirrell joins 'Halftime Report' to report on the U.S. appeals court decision to toss out Johnson and Johnson's talc powder settlements in to a bankruptcy case, the reasons behind the ruling, and the next steps for J&J.
Top-1% value fund manager Scott Barbee shared the investing strategy that's brought him success. Barbee's Aegis Value Fund (AVALX) has beaten 98% of peers by returns over the past 15 years, according to Morningstar. After finding potential candidates for his fund, Barbee looks at a company's financial health by inspecting its balance sheet and capital structure to see how much debt it has and how it's organized. Following these steps has brought Barbee robust returns over the long term, regardless of what stage of the economic cycle he's investing in. The top holding in the Aegis Value Fund is Amerigo Resources (ARREF), which mines copper in Chile.
“She wouldn’t be able to walk up to medical without help,” the former staff member said, referring to the office where staff medical professionals worked. James Shirey Jr., 14, died of complications from congenital adrenal hyperplasia, a genetic disorder, while at Diamond Ranch Academy in 2009. Diamond Ranch Academy disputed some of the lawsuit’s allegations in a court filing, and denied wrongdoing, but paid his family a $750,000 settlement in 2017. Diamond Ranch Academy was founded in 1999 by Rob and Sherri Dias. Dean Goodridge wants to see accountability for Diamond Ranch Academy, and any other facilities where children have died.
— One of Sarah Huckabee Sanders’ first acts as Arkansas governor was to ban most state agencies from using the gender-neutral term Latinx, tapping into a debate that’s divided Hispanics along generational lines. Sanders’ order adds to the debate over a word that’s found little widespread support among Latinos and even prompted backlash from some Democrats. The Log Cabin Republicans, which represents LGBT members of the party, praised Sanders’ order. I’ve never met someone who says ‘thy.’”Hernandez called Sanders’ order “an attempt to erase” the LGBTQ Latino community. Castillo Reyes uses both Latinx and “Latine,” another gender-neutral term that’s been used by some in the Latino community to describe their ethnic identity.
It is planning to develop a CCS hub in northern Alberta, expected to cost C$16.5 billion ($12.3 billion) by 2030. Trudeau told Reuters in an interview earlier this month Alberta was "hesitating around investing in anything related to climate change". Canada is the world's fourth-largest producer of crude, most of which comes from Alberta's oil sands. The oil and gas sector is the country's highest-polluting industry and needs to drastically cut emissions if Canada is to achieve its climate commitments. 'NO TIME TO SLIP'The Pathways Alliance has already said Ottawa's goal of cutting oil and gas emissions 42% by 2030, equivalent to a 35-megatonne reduction, is impossible.
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