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I'll be going to Atlanta, Georgia, on Thursday to be ARRESTED by a Radical Left District Attorney, Fani Willis," Trump wrote on his social media platform, Truth Social. Fulton County District Attorney Fani Willis, who launched the investigation into Trump and his allies, has given the defendants until noon Friday to voluntarily surrender. Trump earlier Monday agreed to a $200,000 bond in the Georgia criminal case charging him with trying to illegally overturn the 2020 presidential election results in the state. Eastman — who's referenced but not charged as a co-conspirator in special counsel Jack Smith's federal criminal case against Trump for allegedly trying to subvert the 2020 election results — features prominently and repeatedly in the DA's indictment. Ray Smith, another Trump lawyer who was allegedly involved in the electors scheme, agreed to a $50,000 bond order, court filings show.
Persons: Donald Trump, Fani Willis, Trump, Willis, Scott McAfee, — Drew Findling, Marissa Goldberg, Jennifer Little —, Trump's, Willis —, John Eastman, McAfee, Eastman, Eastman —, Jack, Joe Biden, Harvey Silverglate, Kenneth Chesebro, Ray Smith, Scott Hall Organizations: Windham High School, Radical Left, Attorney, Trump, NBC News, Superior, Courthouse, Eastman, Hall Locations: Windham , New Hampshire, Fulton County , Georgia, Atlanta , Georgia, Fulton County, Rice, Georgia, Fulton, Coffee County
MLB roundup: Red Sox hand Yanks 8th straight loss
  + stars: | 2023-08-21 | by ( ) www.reuters.com   time to read: +9 min
The Red Sox challenged the play for obstruction and Kiner-Falefa's run was overturned. Belt hit two-run and solo shots, Kevin Kiermaier and George Springer had two-run homers and Bo Bichette added a solo blast in the rubber match of a three-game series. The loss broke the Braves' five-game winning streak and handed them their first home loss in eight games this month. Maikel Garcia's run-scoring single and Drew Waters' RBI groundout got them within a run with the tying run on second. Yoan Moncada hit a two-run double that tied the game and Oscar Colas made it 7-5 with a two-run double during the seventh-inning uprising.
Persons: Justin Turner, Wendell Cruz, Turner, Clay Holmes, Pablo Reyes, Michael King, Anthony Volpe, Isiah Kiner, Falefa, Connor Wong, Trevor Williams, Jordan Weems, Hunter Harvey, Mason Thompson, Kyle Finnegan, Finnegan, Jake Cave, Keibert Ruiz, Dominic Smith, Eugenio Suarez, Dominic Canzone, Dylan Moore, Hunter Brown, Emerson Hancock, Houston, Max Scherzer, Tyrone Taylor, Christian Yelich, Scherzer, Taylor, Adrian Houser, Phil Niekro, Dallas Keuchel, Bryan Reynolds, Edouard Julien, Jhoan Duran, Cy Young, Hunter Greene, Brandon Belt, Kevin Kiermaier, George Springer, Bo Bichette, Greene, Joc Pederson, Kirby Yates, Michael Conforto, Thairo Estrada, Wilmer Flores, Patrick Bailey, J.D, Davis, Yates, Pederson, Kyle Hendricks, Seiya Suzuki, Miguel Amaya, Hendricks, Bobby Witt Jr, Michael Massey's, Maikel Garcia's, Drew Waters, Adbert Alzolay, Dairon Blanco, Ryan Mountcastle, Gunnar Henderson, Kyle Bradish, Jorge Mateo, Brent Rooker, Nick Vespi, Spencer Torkelson, Kerry Carpenter, Eduardo Rodriguez, Logan Allen, Matt Vierling, Torkelson, Rodriguez, Allen, Paul Goldschmidt, Louis, Richie Palacios, Pete Alonso, Dakota Hudson, Andrew Vaughn, Lenyn Sosa, Andrew Benintendi, Zach Remillard, Aaron Bummer, Yoan Moncada, Oscar Colas, Charlie Blackmon, Michael Toglia, Harold Castro Organizations: Boston Red Sox, New York Yankees, Yankee, Boston, Yankees, Red Sox, Phillies, Philadelphia, MLB Little, Washington, Mariners, Astros, Seattle, Houston, American League, Brewers, Rangers, Milwaukee, Pirates, Dallas, Minnesota, Pittsburgh, Chicago White Sox, Blue Jays, Reds, Toronto, Cincinnati, Giants, Braves, Cubs, Royals, Chicago, Kansas, Kansas City . Kansas City, Orioles, Athletics, Baltimore, Oakland, Tigers, Detroit, Cleveland, Cardinals, Mets, New, White Sox, Rockies, Colorado, Thomson Locations: Bronx , New York, USA, Williamsport, Pa, Houston, Texas, Arlington , Texas, Minneapolis, Keuchel, Brandon, San Francisco, Atlanta, Kansas City ., Dairon, Oakland, Seattle, San Diego, New York, Denver
Attorney John Eastman on Monday was ordered to pay a $100,000 bond in the Georgia criminal case where he is accused of conspiring to overturn former President Donald Trump's loss in the state's 2020 election, a court filing shows. He is also accused of one count of criminal solicitation and one count of filing false documents. The bond for the racketeering charge was set at $20,000, while Eastman's remaining charges each carry a $10,000 bond, according to the court filing in Fulton County Superior Court. A consent bond order can be crafted in advance of a defendant's surrender so that they are not held in jail while the conditions of their release are worked out. David Wolfe, a lawyer for Eastman who signed the consent bond order, in a phone call would not explicitly tell CNBC when his client will surrender in Georgia.
Persons: John Eastman, Donald Trump, Donald Trump's, Joe Biden's, Eastman, Scott McAfee, David Wolfe, Harvey Silverglate, Monday — Organizations: State Bar Court of, Monday, Trump, Electoral College, Fulton County Superior Court, Eastman, CNBC Locations: State Bar Court of California, Los Angeles , California, Georgia, Atlanta, Fulton County
Healing Futures is a Philadelphia restorative-justice-diversion program for people under 18. Harvey got a call a few weeks later from Kempis "Ghani" Songster, the program manager for Healing Futures, Philadelphia's first pre-charge program for youth restorative-justice diversion. AdvertisementNone of the youths who have completed the Healing Futures program have recidivated, he said. He's also now one of the 33 youths who've completed the Healing Futures program. September 6, 2023: This story has been updated to include the name of the parent organization of Healing Futures, the Youth Art & Self-Empowerment Project.
Persons: Janelle Harvey, Harvey, Kempis, Ghani, Songster, Philadelphia's, hadn't, Felix Rosado, Cheyenne Wade, Daniel, He's, who've, Kendra Brooks, Brooks, Queen, Rosado Organizations: Healing, Youth, Futures, Community Works, SEPTA, Charles Foundation, Philadelphia City Council, Kendra Brooks Healing, Healing Futures Locations: Philadelphia, Chicago , Washington, Queen, Oakland , California, Alameda County
A driverless Cruise car got temporarily stuck in wet concrete in San Francisco on Tuesday. A driverless Cruise car with no passengers got stuck in wet concrete at a construction site in San Francisco on Tuesday, SFGATE first reported. "It thinks it's a road and it ain't because it ain't got a brain and it can't tell that it's freshly poured concrete," Harvey told SFGATE. A rise in commercial AVs in San Francisco would "inevitably lead to an increase in traffic congestion and the number of dangerous incidents," Chiu's office said in a press release. "San Francisco will suffer serious harms from this unfettered expansion, which outweigh whatever impacts AV companies may experience from a minimal pause in commercial deployment."
Persons: SFGATE, Paul Harvey, Harvey, Rachel Gordon, Cruise, Gordon, David Chiu, Chiu, Waymo Organizations: San Francisco Department of Public, New York Times, Times, California Public Utilities Commission, General Motors, Google Locations: San Francisco, California, SF, Francisco
China unveils measures to revive stock market
  + stars: | 2023-08-18 | by ( ) www.reuters.com   time to read: +3 min
The China Securities Regulatory Commission (CSRC) proposed steps including cutting trading costs, supporting share buybacks and encouraging long-term investment to support a stock market (.CSI300) that has slid to nine-month lows. China's leaders vowed in late July to reinvigorate the stock market, which has been reeling as the country's economic recovery flags and woes in the property market deepen. The CSRC said on Friday that stablizing the stock market was a priority. "Without a relatively stable market environment, there's no basis for reviving the market and lifting sentiment," the regulator said. "The key to lifting market sentiment is to rescue the economy, and the property market is the crux," Niu said.
Persons: Aly, CSRC, Niu Chunbao, Niu, Pang Xichun, Jason Xue, Samuel Shen, Tom Westbrook, Toby Chopra, Jan Harvey Organizations: REUTERS, Rights, China Securities Regulatory Commission, Ministry of Finance, Wanji Asset Management, Nanjing RiskHunt Investment Management, Thomson Locations: Shanghai, China, Nanjing, Singapore
REUTERS/Stephanie Lecocq Acquire Licensing RightsPARIS, Aug 18 (Reuters) - Paris will ban pony rides for children in its public parks from 2025 following a campaign by animal rights activists who argue that the ponies are not well treated. Pony rides have been a popular feature in Paris parks like Champ de Mars, Parc Monceau and Parc du Luxembourg for decades, mostly on the weekends and during school holidays. It just turns ponies into entertainment objects," Paris Animaux Zoopolis (PAZ) activist Amandine Sansivens said. Stephane Michaud, director of AnimaPoney - which operated pony rides in several Paris parks but has now closed half of these - said his ponies work only about 150 days per year. They love the contact with the ponies," said Celine Papouin, whose daughter confidently sat astride a pony in Parc Monceau.
Persons: Paris Animaux Zoopolis, Stephanie Lecocq, Champ de, Zoopolis, PAZ, Amandine Sansivens, Stephane Michaud, Celine Papouin, Geert De Clercq, Jan Harvey Organizations: Paris, REUTERS, Rights, Parc du, Thomson Locations: Paris, France, Monceau, Parc, Parc du Luxembourg, Rambouillet, Parc Monceau
Two top executives give the pulse on the luxury consumer
  + stars: | 2023-08-17 | 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 EmailTwo top executives give the pulse on the luxury consumerCNBC's Morgan Brennan sits down with Equinox Group's Harvey Spevak and Christie's Americas' Bonnie Brennan to discuss the state of the luxury consumer and 'richcession' fears.
Persons: CNBC's Morgan Brennan, Group's Harvey Spevak, Bonnie Brennan Locations: Americas
Driverless vehicles promise a future with less congestion and pollution, fewer accidents resulting from human error and better mobility for people with disabilities, supporters say. But every now and then, one of the cars runs into trouble in a way that casts a bit of doubt on that bold vision. So it was on Tuesday in San Francisco, where a driverless car somehow drove into a city paving project and got stuck in wet concrete. Paul Harvey, 74, a retired contractor who lives in the city’s Western Addition neighborhood, took a photo of the car with roof-mounted sensors, tipped slightly forward, its front wheels mired in the freshly poured concrete.
Persons: Paul Harvey Locations: San Francisco
Red Sox look to stay hot in clash vs. Nationals
  + stars: | 2023-08-16 | by ( Field Level Media | ) www.reuters.com   time to read: +3 min
August 16 - The Boston Red Sox will look to continue their push toward a playoff spot on Wednesday night in the second contest of their three-game series against the host Washington Nationals. With their 5-4 victory in the series opener Tuesday, the Red Sox have won six of their last eight games. Gore, 24, has yet to face the Red Sox in his young career. "They did an outstanding job," Red Sox manager Alex Cora said. After back-to-back late comeback wins against the Oakland Athletics, the Nationals couldn't produce similar heroics against the Red Sox relievers.
Persons: Boston's James Paxton, MacKenzie Gore, Paxton, Gore, Alex Verdugo, Pablo Reyes, Alex Cora, Garrett Whitlock, Reyes, Keibert Ruiz, I've, Casas, Ruiz, Hunter Harvey, Kyle Finnegan, Finnegan, Dave Martinez, We'll, Harvey Organizations: Boston Red Sox, Washington Nationals, Red Sox, Kansas City Royals, Nationals, Philadelphia Phillies, Washington, Oakland Athletics, Thomson
They were the latest members of the former president’s inner circle to find out that associating with Trump could put them on cracking legal ice. There is increasing speculation over why Meadows was charged in Georgia but not in special counsel Jack Smith’s federal investigation into Trump’s election stealing efforts. Legal experts wonder whether he could be cooperating with that probe in a sign of peril for the former president. Trump’s inner circles have long faced legal problemsTrump’s co-defendants in the Georgia case are not the first to find out that the ex-president’s intolerance for the rules and conventions that normally constrain presidencies can lead them into treacherous waters. Trump once vowed to bring only “the best people” to Washington, but his acolytes often find themselves dragged into his legal storms.
Persons: Donald, , Trump, Rudy Giuliani, Giuliani –, Trump’s, , Giuliani, bruiser, , “ I’m, “ We’re, Mark Meadows, Meadows, Jack, John Eastman, Mike Pence, Harvey Silverglate, Sidney Powell –, Walt Nauta, Carlos De Oliveira –, Paul Manafort, Michael Flynn, Robert Mueller’s, Steve Bannon, Bannon, ” Bannon, Allen Weisselberg, Michael Cohen, Cohen, ” Trump, Attorney Alvin Bragg, Stormy Daniels, extravagantly, Flynn, Manafort, Roger Stone, won’t, , District Attorney Fani Willis –, Ty Cobb, CNN’s Erin Burnett, wouldn’t, Willis, ” Cobb Organizations: CNN, Trump, New, New York City, WABC, White House, Caucus, White, Republican, Former Trump, Trump Organization, Manhattan, Attorney, Trump’s, Save, District Attorney Locations: Georgia, Fulton, New York, Ukraine, North Carolina, Washington, Meadows, Fulton County , Georgia, Lago, Trump, Russia, Manhattan, Congress
Norway wealth fund CEO Nicolai Tangen poses for a picture before a news conference held at the Norwegian central bank in Oslo, Norway January 31, 2023. The fund invests in 9,200 firms worldwide, for which it sets expectations on a range of issues, from children's rights to climate change. When talking to firms about responsible AI, the fund will concentrate particularly on the healthcare, finance and large tech sectors, because their use of the technology will have an especially strong impact on consumers. "They have to take responsibility for their development and use of AI," said Smith Ihenacho, adding the fund had already discussed AI with the large U.S. tech companies in its portfolio. In July, U.S. AI companies made voluntary commitments to the White House to implement measures such as watermarking AI-generated content to make the technology safer.
Persons: Nicolai Tangen, Will, Tangen, Carine Smith Ihenacho, Smith, Smith Ihenacho, Gwladys Fouche, Terje Solsvik, Jan Harvey Organizations: REUTERS, financials, Reuters, Companies, Microsoft, Nvidia, Tech, Thomson Locations: Norway, Norwegian, Oslo, Victoria, financials OSLO
Kantrowitz writes that AI is still not good enough to handle most jobs. As soon as artificial intelligence began to read, write, and code, all manner of professions were supposed to automate — fast. AI technology, however impressive, is still not good enough to handle most jobs. Such complexity exists in every field, so anytime you see a company announce that it's replacing workers with AI, read that with some skepticism. To be sure, there will be jobs affected by this wave of AI, as when any new technology arrives.
Persons: Alex Kantrowitz, Kantrowitz, , Sarah Guo, Harvey, hasn't, it's, Daren Orzechowski, Orzechowski, Aaron Levie, Bradley Erickson Organizations: Big Technology, Morning, Allen, Overy, Mayo Clinic, Mayo, IBM Locations: United States
Rising housing costs have helped push Americans into parts of the country more vulnerable to climate change. The trend shows how the burden of climate change is falling disproportionately on less affluent people. Rather than leaving areas at high risk of natural disasters and other climate issues, more Americans are moving into them. But if lower-risk cities continue to price people out, the burden of climate change will fall even more disproportionately on less affluent communities. A recent Brookings Institution report recommended several ways that policymakers can encourage Americans to seek climate safety.
Persons: Hurricane Harvey, Freddie Mac, Rich, homebuyers, Jenny Schuetz, Julia Gill Organizations: Service, Brookings, Federal Housing Finance Agency Locations: New York, San Francisco, Southern, Florida, Houston, West, Bend , Oregon
Hedge funds and other money managers purchased the equivalent of 10 million barrels of futures and options on U.S. diesel and European gas oil over the seven days ending Aug. 8. In the premier NYMEX WTI contract, short positions had been reduced by 91 million barrels or two-thirds since June 27. The total position has risen to a net long of 707 billion cubic feet (47th percentile for all weeks since 2010) up from a net short of 1,061 billion cubic feet (7th percentile) at the end of January. But the surplus had narrowed slowly but progressively from 299 billion cubic feet (+12% or +0.81 standard deviations) on June 30. Related columns:- U.S. diesel prices surge anticipating a soft landing (Aug. 11, 2023)- Crude oil and fuels draw funds as sentiment shifts (Aug. 7, 2023)- Short-covering by hedge funds lifted oil prices (Aug. 1, 2023)- Depleted U.S. diesel stocks attract hedge funds (July 20, 2023)John Kemp is a Reuters market analyst.
Persons: Guan, Brent, John Kemp, Jan Harvey Organizations: Phillips, Los, Los Angeles Refinery, Funds, ICE, U.S, Thomson, Reuters Locations: Los Angeles, Carson , California, U.S
A scene from ‘Boogie Nights’ Photo: New Line CinemaFilm• “Blue Beetle” (Aug. 18): Marvel might be queen bee when it comes to bug-based heroes (Spider-Man, Black Widow, Ant-Man and the Wasp), but DC also has its own stable of creepy-crawly characters. See Jaime Reyes (played by Xolo Maridueña ), who becomes host to the Scarab, a piece of alien biotech that turns him into the Blue Beetle. Susan Sarandon and George Lopez are the bigger names in a cast that also includes Raoul Max Trujillo , Bruna Marquezine , Damián Alcázar , Harvey Guillén and Adriana Barraza .
Persons: Jaime Reyes, Xolo Maridueña, Susan Sarandon, George Lopez, Raoul Max Trujillo, Bruna, Damián Alcázar, Harvey Guillén, Adriana Barraza Organizations: Marvel, DC
But Forest grabbed a goal back in the 83rd minute through Taiwo Awoniyi and pressed for an unlikely point. ANXIOUS FINISH"Welcome to the Premier League!" Arsenal manager Mikel Arteta said of the anxious finish. "Running the clock down, in this league, that's a very dangerous thing to do but overall I'm very happy." Sheffield United's defeat by Palace completed a poor opening weekend for the promoted clubs after Burnley's loss on Friday.
Persons: Eddie Nketiah, Martin Odegaard, William Saliba, Gabriel Martinelli, David Klein, James ', Eddie Howe's, Sandro Tonali, Moussa Diaby, Alexander Isak, Callum Wilson, Harvey Barnes, Declan Rice, Kai Havertz, Saka, Mikel Arteta, Solly, Joao Pedro, Carlton Morris, Simon Adingra, Evan Ferguson, Bobby De Cordova, Reid, Andreas Pereira, Michael Keane, Stuart Attwell, James Tarkowski, Bernd Leno, Sean Dyche, West Ham, Dominic Solanke, Jarrod Bowen, Andoni Iraola, Odsonne Edouard, Martyn Herman, Pritha Sarkar Organizations: Soccer Football, Premier League, Arsenal, Nottingham Forest, Emirates, REUTERS, Newcastle, Villa, Forest Everton, Fulham, Luton Town's, Hove Albion, Champions Manchester City, Burnley, St, Newcastle United, Aston Villa, Everton, Crystal, Sheffield United . West Ham United, Bournemouth, Gunners, Timber, Football League, Brighton, Luton, Goodison, BBC, Sheffield, Thomson Locations: London, Britain, Brighton, West
Tom Jones, who wrote the book and lyrics for a modest musical called “The Fantasticks” that opened in 1960 in Greenwich Village and ran for an astonishing 42 years, propelled in part by its wistful opening song, “Try to Remember,” died on Friday at his home in Sharon, Conn. Mr. Jones and his frequent collaborator, Harvey Schmidt, first worked together when they were students at the University of Texas — Mr. Jones in the drama department’s directing program, Mr. Schmidt studying art but indulging his musical inclinations on the side. They kept in touch after graduating, writing songs together by mail after they were drafted during the Korean War. Mr. Jones and Mr. Robb called that show, which was loosely based on a comedy by the French playwright Edmond Rostand, “Joy Comes to Deadhorse,” and in 1956 they staged it at the University of New Mexico, where Mr. Robb was a dean. It was a big-cast production that included a small squadron of dancers.
Persons: Tom Jones, , Conn, Michael, Jones, Harvey Schmidt, Schmidt, Julius Monk, John Donald Robb, Mr, Robb, Edmond Rostand, “ Joy Organizations: University of Texas, University of New Locations: Greenwich Village, Sharon, New York, French, University of New Mexico
Yet recent research suggests that one pill of the drug can be effective in preventing such infections among men who have sex with men if taken within 72 hours after unprotected sex. He added that any guidance from the CDC will help “fill gaps,” provide direction to clinics and offer a framework for using doxyPEP for STI prevention. “Drug resistance when taking doxyPEP is currently being studied in people using this treatment for STI prevention. “There are still many STI prevention and treatment gaps left to fill. “In STI prevention, we’ve been relying on tools that are decades, sometimes centuries old.
Persons: Dr, Jonathan Mermin, , doxyPEP, Stephanie Cohen, , “ We’re, ” Cohen, ” David C, Harvey, ” Harvey, DoxyPEP, someone’s, Annie Luetkemeyer, gonorrhea, ” Luetkemeyer, Connie Celum, Kenya Medical Research Institute —, Jenell Stewart, Stewart, ” Stewart, Suneer Chander, Wisp, ” Chander, Sanjay Gupta, Mermin, Deidre McPhillips Organizations: CNN, US Centers for Disease Control, CDC’s National Center, HIV, CDC, San Francisco Department of Public Health, California Department of Public Health, San Francisco Department of Public, National Coalition, STD, , New England, of Medicine, Zuckerberg San Francisco General Hospital, UCSF, University of Washington, Hennepin Healthcare Research Institute, Kenya Medical Research Institute, Hennepin Healthcare, University of Minnesota, PEP, Food and Drug Administration, CNN Health Locations: United States, San Francisco, Seattle, King County, Washington, Kenya, Hennepin
The generative AI boom has sparked a race to collect data for model training. Relx, the owner of LexisNexis, recently warned customers about sharing its legal data with AI bots. I reached out to Relx and a LexisNexis spokespeople to ask whether LexisNexis has seen its legal data being scraped by bots or otherwise collected by outside companies for use in AI model training. Another AI legal startup called Casetext was recently acquired for $650 million by Thomson Reuters, the owner of Westlaw, an established legal data service that competes with LexisNexis. This offering uses AI models trained on the company's exclusive legal content, according to LexisNexis.
Persons: That's, Sean Fitzpatrick, Julie Chapman, LexisNexis spokespeople, Relx Organizations: LexisNexis, Elsevier, Ireland, Thomson Reuters Locations: North America, Sequoia
A customer looks at the prices at a supermarket in Rio de Janeiro, Brazil, May 6, 2016. "Moreover, services and core services indexes also improved... although they will continue to be considerably above the inflation target," the analysts noted. Brazil is enjoying benign food inflation trends resulting from a record-breaking crop that may be repeated next season, provided the country's vast production of grains and oilseeds is spared from the impact of the El Nino climatic pattern. Apart from helping to open a window for much awaited interest rate cuts, stable food prices facilitate President Luiz Inacio Lula da Silva's government initiative to raise fuel taxes again in a bid to strengthen Brazil's public accounts. Reporting and polling by Gabriel Burin; Editing by Ross Finley and Jan HarveyOur Standards: The Thomson Reuters Trust Principles.
Persons: Nacho Doce, Luiz Inacio Lula da Silva's, Gabriel Burin, Ross Finley, Jan Harvey Organizations: REUTERS, Santander, El, Thomson Locations: Rio de Janeiro, Brazil
The Escalade IQ is the first – and most important – traditional Cadillac model to be released as an EV. The automaker plans to initially sell the new electric Escalade IQ alongside the current traditional models. A close-up of the illuminated front end of the electric Cadillac Escalade IQ, including a black crystal shield badge. CadillacA teaser video released by GM of the Escalade IQ appears to have more design elements similar to the automaker's Cadillac Lyriq and Cadillac Celestiq than the traditional Escalade. The first-generation Cadillac Escalade was produced from 1998 through 2000 by General Motors.
Persons: Escalade, Mary Barra, It's, Tyson Jominy, John Roth, Roth, Edmunds, Michael Simcoe, Steve Fecht, Rory Harvey, Wayne Cherry Organizations: Motors, GM, General Motors, Cadillac, CNBC, U.S, Auto, Benz, Ferrari, Lamborghini, Cadillac's, GM Tech Center, General Motors GM, GM North America, GMC Hummer, Chevrolet Silverado, Cruise, Arlington Assembly, Chevrolet, GMC, ICE Locations: New York City, Cadillac's U.S, U.S, Warren , Michigan, Detroit, Texas, Simcoe
A selection of injector pens for the Wegovy weight loss drug are shown in this photo illustration in Chicago, Illinois, U.S., March 31, 2023. The increasingly popular Wegovy has transformed the weight-loss market since its U.S. launch in June 2021, capturing the attention of patients, investors and celebrities worldwide. Novo's news lifted shares in Europe's second-most valuable listed company after LVMH (LVMH.PA) by more than 17% to record highs. Novo said the eagerly-awaited study results, which have not been peer reviewed, showed that patients on Wegovy had a 20% lower incidence of heart attack, stroke or death from heart disease compared to those on a placebo. Lilly's shares rose nearly 15% in early U.S. trading, boosted by its upbeat quarterly results and Novo's trial data.
Persons: Jim Vondruska, Novo, Wegovy, Jeff Levin, Willis, Willis Towers Watson, Martin Holst Lange, Novo's, Eli Lilly, Mounjaro, Soren Lontoft Hansen, Maggie Fick, Nikolaj Skydsgaard, Jacob Gronholt, Ludwig Burger, Patrick Wingrove, Terje Solsvik, Josephine Mason, Sharon Singleton, Kirsten Donovan, Jan Harvey, Alexander Smith Organizations: REUTERS, COPENHAGEN, Novo Nordisk, Willis Towers, U.S, Union, Pfizer Inc, Amgen Inc, World Health Organization, Barclays, Reuters, Pedersen, Thomson Locations: Chicago , Illinois, U.S, LONDON, Europe's, Europe, United States, Novo, Wegovy, Germany, Denmark, Norway, Copenhagen, Frankfurt, New York, Oslo
The logo of credit rating agency Moody's Investor Services is seen outside the office in Paris October 24, 2011.REUTERS/Philippe Wojazer/File PhotoNEW YORK, Aug 8 (Reuters) - Ratings agency Moody's said the U.S. banking sector is still strong even after it downgraded several small to mid-sized lenders and warned it might cut the ratings of several major banks. "What we're doing here is recognizing some headwinds - we're not saying that the banking system is broken," Ana Arsov, managing director of financial institutions at Moody's, told Reuters in an interview. An S&P index of bank stocks slid 2% after Moody's took action on 27 lenders on Monday, highlighting the challenges of higher interest rates, climbing funding costs and a looming recession that would weigh on profits. "As you look ahead, it doesn't feel like the pressure from interest rates being higher and overall monetary policy tightening is close to abating," said Jill Cetina, an associate managing director at Moody's. Reporting by Lananh Nguyen and Tatiana Bautzer; Editing by Mark Porter and Jan HarveyOur Standards: The Thomson Reuters Trust Principles.
Persons: Philippe Wojazer, Moody's, we're, Ana Arsov, Jill Cetina, Lananh Nguyen, Tatiana Bautzer, Mark Porter, Jan Harvey Organizations: Moody's Investor Services, REUTERS, Reuters, Thomson Locations: Paris, Moody's, abating
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Wells Fargo's Christopher Harvey and UBS' Jonathan PingleChris Harvey, Wells Fargo Securities head of equity strategy, and Jonathan Pingle, chief U.S. economist at UBS Investment Bank, join 'Squawk on the Street' to discuss what the latest Federal Reserve headlines mean for markets and the economy, when equity volatility will wane, and much more.
Persons: Wells Fargo's Christopher Harvey, Jonathan Pingle Chris Harvey, Jonathan Pingle Organizations: UBS, Wells, Wells Fargo Securities, UBS Investment Bank, Federal Locations: Wells Fargo
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