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☆ Short-seller Jim Chanos to close hedge funds - WSJ
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +1 min

Jim Chanos, Founder and Managing Partner of Kynikos Associates LP speaks at the Reuters Global Investment Outlook summit at the Thomson Reuters building in New York, November 19, 2013. REUTERS/Mike Segar/File Photo Acquire Licensing RightsNov 17 (Reuters) - After nearly four decades, Jim Chanos is shutting down hedge funds he manages that wager against companies he believes are overpriced or fraudulent, the Wall Street Journal reported on Friday. His firm, Chanos & Co., manages less than $200 million today, down from $6 billion in 2008, the report added. Chanos is known for his bets against Tesla (TSLA.O), on which he went short in 2016. Reporting by Pritam Biswas in Bengaluru; Editing by Shilpi MajumdarOur Standards: The Thomson Reuters Trust Principles.

Persons: Jim Chanos, Mike Segar, Chanos, Tesla, Pritam Biswas, Shilpi Majumdar Organizations: Kynikos, Reuters Global Investment, Thomson Reuters, REUTERS, Wall Street, Chanos, Reuters, Thomson Locations: New York, Bengaluru

Former U.S. President Donald Trump departs from Trump Tower in New York City, U.S., April 13, 2023. REUTERS/Mike Segar/File Photo Acquire Licensing RightsNov 17 (Reuters) - Donald Trump wasted little time attacking a New York judge’s top clerk on Thursday after an appeals court paused a gag order barring the former U.S president from speaking publicly about court staff amid his civil fraud trial. Trump, the frontrunner for the 2024 Republican presidential nomination, took to his Truth Social platform several hours after the gag order by Justice Arthur Engoron was paused to call his “Trump hating” top clerk “politically biased and out of control.”Engoron had imposed the order in October after Trump shared a photo of his top clerk on social media. He has fined Trump a total of $15,000 for twice violating it and warned of more serious consequences for future breaches, including imprisonment. James is seeking at least $250 million in fines and a New York commercial real estate ban against Trump and his sons Donald Jr. and Eric Trump.

Persons: Donald Trump, Mike Segar, Trump, Arthur Engoron, “, ” Engoron, Letitia James, James, Donald Jr, Eric Trump, Joe Biden, Jack Queen, Noeleen Organizations: U.S, Trump, REUTERS, New, New York, Democratic, Biden, Republican, Thomson Locations: New York City, U.S, New York

☆ Eli Lilly extends tender offer to buy Point Biopharma after low participation
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +1 min

An Eli Lilly and Company pharmaceutical manufacturing plant is pictured at 50 ImClone Drive in Branchburg, New Jersey, March 5, 2021. REUTERS/Mike Segar/File Photo Acquire Licensing RightsNov 17 (Reuters) - Eli Lilly (LLY.N) on Friday extended the deadline for Point Biopharma Global (PNT.O) shareholders by about two weeks to Dec. 1 to sell their stock, due to low participation. In October, Lilly agreed to acquire Point Biopharma in an all-cash deal valued at $1.4 billion to gain access to its experimental therapies that enable precise targeting of cancer. Lilly, which has offered to buy Point Biopharma shares at $12.50 a piece and has all regulatory approvals for the deal, said the price will remain the same during the extended period. The tender offer has been extended in order for the companies to satisfy the minimum tender condition.

Persons: Eli Lilly, Mike Segar, Lilly, Mounjaro, Sriparna Roy, Shinjini Organizations: Company, REUTERS, Biopharma, Thomson Locations: Branchburg , New Jersey, Bengaluru

☆ Lilly extends tender offer to acquire Point Biopharma to Dec 1
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: 1 min

An Eli Lilly and Company pharmaceutical manufacturing plant is pictured at 50 ImClone Drive in Branchburg, New Jersey, March 5, 2021. REUTERS/Mike Segar/File Photo Acquire Licensing RightsNov 17 (Reuters) - Eli Lilly (LLY.N) said on Friday it was extending the deadline for its tender offer for Point Biopharma (PNT.O) shares to Dec. 1, from Nov. 16 previously. In October, Lilly agreed to acquire the company in an all-cash deal valued at $1.4 billion. Reporting by Sriparna Roy in BengaluruOur Standards: The Thomson Reuters Trust Principles.

Persons: Eli Lilly, Mike Segar, LLY.N, Lilly, Sriparna Roy Organizations: Company, REUTERS, Thomson Locations: Branchburg , New Jersey, Bengaluru

A sign is pictured outside an Eli Lilly and Company pharmaceutical manufacturing plant at 50 ImClone Drive in Branchburg, New Jersey, March 5, 2021. Incretins are peptide-based drugs such as Mounjaro that mimic gut hormones to suppress appetite and stimulate insulin secretion. Lilly said it had announced investments of more than $11 billion in global manufacturing in the past three years. Major production sites that Lilly runs outside of its U.S. home market are in Ireland, France, Spain, Italy and China. The new Alzey site will employ up to 1,000 highly skilled workers such as engineers, technicians and scientists, said Lilly.

Persons: Eli Lilly, Mike Segar, Lilly, Karl Lauterbach, Lauterbach, generics, Patrick Wingrove, Matthias Williams, Jason Neely, David Evans Organizations: Company, REUTERS, Rights, Reuters, U.S ., Novo Nordisk, European Union, pharma, The U.S ., Thomson Locations: Branchburg , New Jersey, Germany, Alzey, U.S, United States, Danish, Berlin, Fegersheim, France, European, Indiana , North Carolina, Limerick, Ireland, Spain, Italy, China, The U.S

Gasoline prices are displayed at an Exxon gas station behind American flag in Edgewater, New Jersey, U.S., June 14, 2022. By September and October, gasoline stocks were increasing rather than falling as is normal at this point in the year. Gasoline margins fell by three-fourths to an average of less than $10 per barrel in October, among the lowest for a decade. In the meantime, the lower intake added to crude inventories and accelerated the pullback in crude prices and calendar spreads. Related columns:- U.S. oil prices slide as stocks accumulate at Cushing (November 16, 2023)- Oil traders turn bearish, daring OPEC⁺ to cut again (November 14, 2023)- Oil prices slump as fundamentals reassert themselves (November 9, 2023)John Kemp is a Reuters market analyst.

Persons: Mike Segar, Cushing, John Kemp, David Evans Organizations: Exxon, REUTERS, U.S . Commodity Futures Trading Commission, Thomson, Reuters Locations: Edgewater , New Jersey, U.S, Cushing

Research prepared for a Boston Federal Reserve labor market conference found that whether driving for Uber to make ends meet or taking piecework jobs in retirement, casual contract workers sometimes don't consider themselves "employed" or even a part of the labor force. The research involved reexamining the detailed responses to a New York Fed survey of "informal work" from 2015 through 2022. Other research looked at how job training and policies towards employing those with a criminal record might help. Their research found many gig workers want additional hours of formal employment, suggesting more untapped labor supply. "And the higher levels of activity and participation can benefit those brought into the labor market, contributing to a vibrant economy that works for all."

Persons: Mike Segar, Uber, Anat Bracha, Mary A, Burke, Bracha, rehashed, Jerome Powell, Susan Collins, Collins, Howard Schneider, Dan Burns, Paul Simao Organizations: REUTERS, Rights BOSTON, Federal, Boston Federal Reserve, Hebrew University Business School, Boston Fed, Fed, New, Labor, Boston, Thomson Locations: New York City , New York, U.S, Jerusalem

An Eli Lilly and Company pharmaceutical manufacturing plant is pictured at 50 ImClone Drive in Branchburg, New Jersey, March 5, 2021. The company declined to comment on the plans but news conferences are planned in Alzey, where sources say the plant will be built, and Berlin on Friday. Other people familiar with the plans told Reuters that at least 1,000 jobs would be created. Eli Lilly said it would unveil "far-reaching investment plans" at Friday's news conference, which will be attended by Germany's economy and health ministers. Mounjaro's success helped Lilly post a 37% gain in third-quarter revenues to $9.5 billion, topping Wall Street estimates.

Persons: Eli Lilly, Mike Segar, Mounjaro, TSMC, Lilly's, Lilly, Rene Wagner, Klaus Lauer, Andreas Rinke, Ludwig Burger, Thomas Escritt, Madeline Chambers, Miranda Murray, Christina Fincher Organizations: Company, REUTERS, Basf, Reuters, BASF, U.S ., U.S, Intel, European Union, Novo Nordisk, U.S . Food, Drug Administration, Thomson Locations: Branchburg , New Jersey, BERLIN, Germany, Alzey, Berlin, U.S, Ukraine, European, Indianapolis, Danish, Eisai

☆ Not having a jury has turned Trump's fraud trial into an ugly screwball comedy
▼ + stars: | 2023-11-16 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +13 min

Trump's lawyers complain to New York Supreme Court Justice Arthur Engoron that their gag order prevents them from complaining more. With no jury, Trump is the audienceThe trial is a bench trial, meaning there's no jury. he quipped to one of Trump's lawyers, Christopher Kise, who had objected to one of his rulings about how to structure several questions. AdvertisementJudge Arthur F. Engoron presides over former President Donald Trump's civil business fraud trial at the New York Supreme Court. Trump's lawyers have hemmed and hawed about Greenfield, Engoron's principal law clerk, who has donated to Democratic politicians.

Persons: Trump's, there's, —, Donald Trump, Arthur Engoron, Michael Cohen's, Trump, Letitia James, Engoron, James, Eric Trump, Donald Trump , Jr, Allen Weisselberg, Jeff McConney —, Jamie White, litigator, who's, White, Alina Habba, Christopher Kise, Seth Wenig Engoron, Kise, He's, Randy Zelin, Hillary Clinton, Engoron's, Allison Greenfield, — Trump, Arthur F, Donald Trump's, Mike Segar, Jean Carroll, Carroll, defaming, Trump —, Lewis Kaplan, Kaplan, Donald Trump Jr, David Dee Delgado, Zelin, he's Organizations: Service, Trump Organization, New York, York, AP, US Justice Department, Cornell Law School, Fox News, New York Supreme, Trump, Democratic Locations: York, Manhattan, New, New York, earshot, Greenfield, Woodstock

☆ Eli Lilly plans to invest 2 bln euros in new German plant -source
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +1 min

An Eli Lilly and Company pharmaceutical manufacturing plant is pictured at 50 ImClone Drive in Branchburg, New Jersey, March 5, 2021. REUTERS/Mike Segar/File Photo Acquire Licensing RightsCompanies Eli Lilly and Co FollowBERLIN, Nov 16 (Reuters) - U.S. pharma company Eli Lilly (LLY.N) plans to invest 2 billion euros ($2.17 billion) in a new plant in Alzey, western Germany, a source close to the negotiations told Reuters on Thursday. Separately, people familiar with the plans told Reuters that at least 1,000 jobs would be created. Reuters had reported on Wednesday that the pharma group intended to invest in Germany after Eli Lilly called a news conference for Friday but few details were available. ($1 = 0.9217 euros)Reporting by Andreas Rinke and Rene Wagner Writing by Madeline Chambers Editing by Kirsti Knolle and Miranda MurrayOur Standards: The Thomson Reuters Trust Principles.

Persons: Eli Lilly, Mike Segar, Andreas Rinke, Rene Wagner, Madeline Chambers, Kirsti Knolle, Miranda Murray Organizations: Company, REUTERS, . pharma, Reuters, pharma, Thomson Locations: Branchburg , New Jersey, Alzey, Germany

An Eli Lilly and Company pharmaceutical manufacturing plant is pictured at 50 ImClone Drive in Branchburg, New Jersey, March 5, 2021. REUTERS/Mike Segar/File Photo Acquire Licensing RightsBERLIN, Nov 15 (Reuters) - U.S. pharma company Eli Lilly (LLY.N) plans an investment in the single-digit billion dollar range in a new plant in western Germany, people familiar with the matter told Reuters after the company called a news conference for Friday. Eli Lilly said it would unveil "far-reaching investment plans" at Friday's news conference, which will be attended by Germany's economy and health ministers. Mounjaro's success helped Lilly post a 37% gain in third-quarter revenues to $9.5 billion, topping Wall Street estimates. The group's market value has ballooned to around $580 billion, up more than 65% so far this year.

Persons: Eli Lilly, Mike Segar, Mounjaro, TSMC, Lilly's, Lilly, Rene Wagner, Klaus Lauer, Ludwig Burger, Thomas Escritt, Chizu Nomiyama, Jane Merriman Organizations: Company, REUTERS, Rights, . pharma, Reuters, U.S ., U.S, Intel, European Union, Novo Nordisk, U.S . Food, Drug Administration, Thomson Locations: Branchburg , New Jersey, Germany, Rhineland, Palatinate, U.S, Ukraine, European, Indianapolis, Danish, Eisai

☆ Advocates argue to disqualify Trump from Colorado ballot over Jan. 6 attack
▼ + stars: | 2023-11-15 | by ( Andrew Goudsward | Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | ) www.reuters.com time to read: +3 min

Former U.S. President Donald Trump departs from Trump Tower in New York City, U.S., April 13, 2023. Trump is the frontrunner for the Republican nomination to challenge Democratic President Biden in the 2024 U.S. election. Thousands of people stormed the Capitol in a failed attempt to prevent Congress from certifying Biden's 2020 victory over Trump. Regardless of whether Trump is on the ballot, Biden would be expected to win there. The U.S. Supreme Court, whose 6-3 conservative majority includes three Trump appointees, may ultimately weigh in.

Persons: Donald Trump, Mike Segar, Trump, Biden, Sarah Wallace, Andrew Goudsward, Will Dunham, Scott Malone Organizations: U.S, Trump, REUTERS, Colorado voters, Capitol, U.S ., Washington, Republican, Democratic, Colorado, Supreme, Thomson Locations: New York City, U.S, Colorado, Constitution's, U.S . Civil, Washington, Michigan, Minnesota

☆ Canadian PM Trudeau tells Israel killing of babies in Gaza must end
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +2 min

Canadian Prime Minister Justin Trudeau holds a press conference on the sidelines of the UNGA in New York, U.S., September 21, 2023. REUTERS/Mike Segar/File Photo Acquire Licensing RightsOTTAWA, Nov 14 (Reuters) - Canadian Prime Minister Justin Trudeau on Tuesday said the "killing of women, of children, of babies" in the besieged Gaza Strip must end, in his sharpest criticism of Israel since war against Hamas broke out over a month ago. Canada has maintained that Israel has the right to defend itself against Hamas after the Palestinian militant group attacked southern Israel last month, killing 1,400 people and taking over 200 hostage. "The world is witnessing this killing of women, of children, of babies. Trudeau also said Hamas needed to stop using Palestinians as human shields and should release all its hostages.

Persons: Justin Trudeau, Mike Segar, Trudeau, David Ljunggren, Deepa Babington Organizations: Canadian, REUTERS, Rights OTTAWA, Hamas, Al, Gaza's, Thomson Locations: New York, U.S, Gaza, Israel, Canada, Palestinian, United States, British Columbia, Al Shifa

☆ Manhattan real estate brokerages are sued for inflating commissions
▼ + stars: | 2023-11-13 | by ( Jonathan Stempel | Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | ) www.reuters.com time to read: +3 min

REUTERS/Mike Segar/File Photo Acquire Licensing RightsNEW YORK, Nov 13 (Reuters) - A lawsuit filed on Monday accuses the Real Estate Board of New York (REBNY) and more than two dozen brokerages and companies of conspiring to artificially inflate commissions paid to agents who help sell residential real estate in Manhattan. That verdict, which a judge can triple to more than $5.3 billion, could upend decades-old practices that require sellers to pay commissions to buyers' brokers. March said it is unclear whether this would result in lower commissions, or delay sales while buyers' brokers negotiate with sellers. The lawsuit seeks damages for sellers of Manhattan residential property in the last four years who paid buyer brokers' commissions under REBNY rules. The case is March v. Real Estate Board of New York et al, U.S. District Court, Southern District of New York, No.

Persons: Douglas, Mike Segar, Douglas Elliman, Monty, Carl Hum, Corcoran, REBNY, Jonathan Stempel, Jonathan Oatis Organizations: REUTERS, Real, Board, New, Corcoran, National Association of Realtors, NAR, ., Court, Southern District of, Thomson Locations: Manhattan's, New York City , New York, U.S, New York, Manhattan, Missouri, Brooklyn, Southern District, Southern District of New York

REUTERS/Mike Segar/File Photo Acquire Licensing RightsWASHINGTON, Nov 13 (Reuters) - Republican presidential contender Nikki Haley's campaign is reserving $10 million in advertising, her camp said on Monday, as she tries to scoop up supporters of U.S. The ads will be placed on TV, radio and the internet starting in the first week of December in Iowa and New Hampshire, Haley's campaign said. Haley appeared to have caught a small break, however, when Scott unexpectedly dropped out on Sunday night. In state-level polls, Haley typically leads DeSantis in New Hampshire and South Carolina, while DeSantis leads Haley in Iowa. Last week, DeSantis was endorsed by Iowa's governor, Kim Reynolds, who is deeply popular among conservatives in the state.

Persons: Nikki Haley, Adrienne Arsht, Mike Segar, Nikki Haley's, Tim Scott, Haley's, Joe Biden, Haley, Donald Trump, Ron DeSantis, Trump, Scott, DeSantis, Kim Reynolds, Gram Slattery, Ross Colvin, Jonathan Oatis Organizations: South Carolina, Republican, U.S, NBC News, Adrienne, Adrienne Arsht Center, Performing Arts, REUTERS, Rights, South, Democratic, United, Florida, Reuters, Trump, Iowa's, Thomson Locations: Miami , Florida, U.S, Iowa, New Hampshire, United Nations, South Carolina, Iowa , New Hampshire, DeSantis

Former U.S. President Donald Trump's son and co-defendant, Donald Trump Jr., attends the Trump Organization civil fraud trial, in New York State Supreme Court in the Manhattan borough of New York City, U.S., November 1, 2023. REUTERS/Mike Segar/Pool/File Photo Acquire Licensing RightsNov 13 (Reuters) - Donald Trump Jr. is set to testify again on Monday in his father's civil fraud trial, this time called by the defense to field questions about the former U.S. president's family real estate business. Donald Jr. has already been called as a witness by the attorney general’s office, along with his father and brother Eric Trump. Donald Jr., Eric and Ivanka Trump said they were not involved in preparing their father’s financial statements and left bookkeeping at the Trump Organization to accountants. Engoron has ordered the dissolution of companies that control pillars of Trump's real estate portfolio, including Trump Tower in Manhattan.

Persons: Donald Trump's, Donald Trump Jr, Mike Segar, Donald Trump, Letitia James, Trump, Donald Jr, Eric Trump, Ivanka Trump, James, Eric, Arthur Engoron, Engoron, Joe Biden, Jack Queen, Noeleen Walder, Daniel Wallis Organizations: U.S, Trump Organization, Court, REUTERS, New York, Trump, Democratic, Republican, Thomson Locations: New York, Manhattan, New York City, U.S

A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. "We need to build a funding model for green tech companies," Chuka Umunna, JP Morgan's (JPM.N) head of EMEA ESG and green economy investment banking, told the Reuters Energy Transition Europe 2023 event in London. This was partly because of the capital requirements for some green tech firms in early stages of development, he said. Investment into green tech was also being stymied by bureaucracy, including delays to permitting for the infrastructure needed for renewable energy and other projects. Umunna also said a shift to a greener, lower-carbon economy offered up a huge opportunity for banks such as JP Morgan.

Persons: Morgan Chase, Mike Segar, Morgan, Umunna, JP Morgan's, JP Morgan, Simon Jessop, Tommy Reggiori Wilkes, David Goodman, Alexander Smith Organizations: Co, New York City, REUTERS, EMEA, Reuters, Capital, British, Investment, Thomson Locations: New York, London, Europe

Senator Tim Scott (R-SC) speaks at the third Republican candidates' U.S. presidential debate of the 2024 U.S. presidential campaign hosted by NBC News at the Adrienne Arsht Center for the Performing Arts in Miami, Florida, U.S., November 8, 2023. Senator Tim Scott suspended his run for the 2024 Republican presidential election nomination on Sunday after months of burning through campaign cash at a blistering rate without making a significant dent in national opinion polls. "I think the voters, who are the most remarkable people on the planet, have been really clear that they're telling me: 'Not now Tim,'" Scott told Fox News in an interview on Sunday evening. The lone Black Republican in the U.S. Senate, Scott began his campaign in May, promising to present an optimistic, forward-looking vision for America. At the same time, Scott's finances began to deteriorate, an ominous sign for any presidential campaign.

Persons: Tim Scott, Adrienne Arsht, Mike Segar, Scott, Donald Trump, Nikki Haley, Haley, Ron DeSantis, Andy Sabin, Eric Levine, Levine, " Levine, Jeff Burns, Joe Biden, DeSantis, Biden, Gram Slattery, Alexandra Ulmer, Dan Whitcomb, Ross Colvin, Grant McCool, Miral Organizations: Republican, U.S, NBC News, Adrienne, Adrienne Arsht Center, Performing Arts, REUTERS, Rights, Fox News, United, Reuters, Black Republican, U.S . Senate, America, Florida, Trump, Democratic, Palestinian, Hamas, Thomson Locations: Miami , Florida, U.S, South Carolina, United States, Trump, New York, California, Ukraine, Israel, Washington, San Francisco

☆ The wildest moments of WeWork’s rise
▼ + stars: | 2023-11-11 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +8 min

And many early WeWork employees, who worked at lower salaries because they were given stock options, ended up with nothing. WeWork’s wild rise and fall is the latest high-profile incident to shatter that myth. Here is a look at four of the wildest moments from WeWork’s rise, according to the company’s statements and a best-seller about the company. (Part of WeWork’s push to appeal to millennials included free-flowing beer and open bars set up within its coworking outposts.) That pre-IPO paperworkThe beginning of the end can perhaps be traced back to WeWork’s first attempt to go public back in 2019.

Persons: New York CNN — WeWork, Adam Neumann’s, Neumann, Son, Adam Neumann, Kelly Sullivan, Eliot Brown, Maureen Farrell, millennials, Darryl McDaniels, Mike Segar, ”, Rebekah, WeWork, Caitlin Ochs, WeWork’s, Neuman, Mark Lennihan, “, Tolga Akmen Organizations: New, New York CNN, WeWork, San Francisco, of Fine Arts, Gulfstream G650, Wall Street Journal, Bloomberg, Getty, Nasdaq, City of Locations: New York, San, San Francisco , California, Israel, Manhattan , New York, WeGrow, WeLive, New York City, U.S, City, City of London, AFP

☆ Apple to file challenge over Digital Markets Act in EU court - Bloomberg News
▼ + stars: | 2023-11-10 | by ( ) www.reuters.com time to read: +2 min

The Apple Inc. logo is seen hanging at the entrance to the Apple store on 5th Avenue in Manhattan, New York, U.S., October 16, 2019. Apple did not immediately respond to Reuters request for comment, while the EU declined to comment. Even with the potential appeal, Apple will still be required to comply with the rules from March. Apple said in a filing this month it expects to make changes to the App Store as a result of the bloc's new rules. Reporting by Chandni Shah and Yuvraj Malik in Bengaluru; Editing by Anil D'Silva and Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.

Persons: Mike Segar, Apple, Chandni Shah, Yuvraj Malik, Anil D'Silva, Arun Koyyur Organizations: Apple Inc, Apple, REUTERS, Bloomberg, Markets, EU Commission, Google, Digital Services, Thomson Locations: Manhattan , New York, U.S, EU's, Bengaluru

☆ Fireworks Ignite as Candidates Haley, Ramaswamy Debate TikTok, China
▼ + stars: | 2023-11-09 | by ( Wall Street Journal | ) www.wsj.com time to read: 1 min

Fireworks Ignite as Candidates Haley, Ramaswamy Debate TikTok, ChinaGOP candidates Nikki Haley and Vivek Ramaswamy traded barbs in response to a question about what they would do to combat concerns over TikTok’s China-based parent company, ByteDance. Photo: Mike Segar/Reuters

Persons: Haley, Ramaswamy, Nikki Haley, Vivek Ramaswamy, Mike Segar Organizations: ByteDance, Reuters Locations: China

The settlement is the largest ever for the Justice Department involving claims of discrimination based on citizenship, the agency said. It requires Apple to pay $6.75 million in civil penalties and $18.25 million to an unspecified number of affected workers. The Justice Department did not specify which Apple jobs were affected by the recruitment procedures or how Apple may have benefited from them. Along with the payout, Apple agreed to align its recruiting for PERM jobs with its normal practices. The company will be required to conduct more expansive recruitment and train employees on anti-discrimination laws, according to the settlement.

Persons: Mike Segar, Apple, Daniel Wiessner, Alexia Garamfalvi, Deepa Babington Organizations: Apple Inc, Apple, REUTERS, U.S . Department of Justice, Justice Department, Justice, DOJ, The Justice, Thomson Locations: Manhattan , New York, U.S, PERM, Albany , New York

☆ Canada PM Trudeau condemns violence after shots fired at Jewish schools
▼ + stars: | 2023-11-09 | by ( Ismail Shakil | ) www.reuters.com time to read: +2 min

Canadian Prime Minister Justin Trudeau holds a press conference on the sidelines of the UNGA in New York, U.S., September 21, 2023. REUTERS/Mike Segar/File Photo Acquire Licensing RightsOTTAWA, Nov 9 (Reuters) - Canadian Prime Minister Justin Trudeau on Thursday condemned recent violence as unacceptable after shots were fired at two Jewish schools in Montreal overnight and clashes between students at a university in the same city late on Wednesday. Police on Thursday said were investigating overnight shootings at two Jewish schools in Montreal. "I understand that people are so profoundly disturbed by what they see happening there," Trudeau told reporters in the Montreal area on Thursday. However, "violence, hate, anti-Semitism, Islamophobia and scenes such as the ones we saw in Concordia University or shots fired at Jewish schools overnight - all of that is unacceptable," he said.

Persons: Justin Trudeau, Mike Segar, Trudeau, Ismail Shakil, Jenna Zucker, Steve Scherer, Daniel Wallis Organizations: Canadian, REUTERS, Rights OTTAWA, Wednesday . Police, Concordia University, CBC News, Hamas, Thomson Locations: New York, U.S, Montreal, Israel, Gaza, Toronto, Palestinian, Ottawa

☆ Newly spun-off WK Kellogg beats revenue estimates on strong cereal demand
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Mike Segar/ File photo Acquire Licensing RightsNov 8 (Reuters) - WK Kellogg Co (KLG.N), the recently spun-off North American cereal business of Kellanova (K.N), beat Wall Street targets for third-quarter sales on Wednesday, as demand for its products withstood higher prices. Home to cereal brands including Kellogg's, Froot Loops and Rice Krispies, WK Kellogg reported sales of $692 million for the quarter ended Sept. 30, compared with analysts' expectations of $666.3 million, according to LSEG data. The company also forecast full-year 2023 adjusted sales in the range of $2.72 billion to $2.74 billion, slightly ahead of its prior guidance. Kellanova, formerly called Kellogg, also posted better-than-expected quarterly net sales of $3.94 billion. Reporting by Juby Babu in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

Persons: Mike Segar, WK Kellogg, Rice, Kellogg, Juby Babu, Devika Organizations: Kellogg Company, REUTERS, Wall, Thomson Locations: New York, U.S, Bengaluru

The FDA approved tirzepatide for weight loss under the brand name Zepbound. It has been available as Mounjaro for type 2 diabetes since 2022 and had increasingly been used "off-label" for weight loss while the obesity approval was pending. Zepbound will be available in the U.S. by the end of the year at a list price of $1,059.87 a month, according to Lilly. That compares with a list of $1,349 per-package for Novo Nordisk's (NOVOb.CO) wildly popular weight-loss drug Wegovy. After Wednesday's FDA approval, Lilly can now promote the drug for weight loss.

Persons: Eli Lilly, Mike Segar, Eli Lilly's, ” John Sharretts, Lilly, Morningstar, Damien Conover, Conover, drugmaker, Robert Kushner, Mounjaro, Patrick Wingrove, Leroy Leo, Bhanvi, Shinjini Ganguli, Bill Berkrot Organizations: Company, REUTERS, U.S . Food, Drug Administration, U.S, FDA, FDA’s Center, Drug, Research, Novo Nordisk's, Reuters, Northwestern University Feinberg School of Medicine, Thomson Locations: Branchburg , New Jersey, U.S, Indianapolis, United States, New York, Bengaluru

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