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Meanwhile, extremely wide forecasts for new public borrowing requirements make the outlook for government bonds uncertain. Here are the main budget predictions for UK stocks, gilts and the pound. However NatWest analysts flagged that the OBR will likely revise down growth forecasts for the next five years, making the outlook for interest rates finely balanced. Hunt will likely keep the budget "reasonably dull" after Truss's "mini-budget" sent sterling to its lowest on record, she added. Investors in UK stocks are already grappling with a wide valuation gap with U.S. equities.

☆ Factbox: Which companies are affected by SVB collapse?
▼ + stars: | 2023-03-13 | by ( ) www.reuters.com time to read: +6 min

ROKU (ROKU.O)Streaming devices maker says it has about $487 million, or 26% of its cash and cash equivalents, held in deposits with SVB. CIRCLEUS cryptocurrency firm Circle says $3.3 billion of its $40 billion of USD Coin reserves are at SVB. BLOCKFIBankrupt crypto lender BlockFi Inc has roughly $227 million in unprotected funds at SVB, the Wall Street Journal reported on Friday. VIR BIOTECHNOLOGY (VIR.O)Biotech firm says it maintains operating accounts at SVB with about $220 million as of Friday. EUROPEAround 16 tech and life sciences companies in Europe have disclosed about $190 million in exposure to SVB in the UK and the United States.

☆ Republican states say the FDA doesn't have the authority to override state abortion pill bans
▼ + stars: | 2023-03-07 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

Boxes of the medication Mifepristone used to induce a medical abortion are prepared for patients at Planned Parenthood health center in Birmingham, Alabama, March 14, 2022. The Food and Drug Administration's power to approve drugs does not override state bans on the abortion pill, a coalition of Republican attorneys general told a federal judge this week. The company has asked the court to overturn West Virginia's abortion ban, arguing that it conflicts with how the FDA regulates mifepristone under federal law. The GOP attorneys general said West Virginia's law does not completely ban the abortion pill. "A State's police power does not extend to functionally banning an article of interstate commerce — the Constitution leaves that to Congress," the company's lawyers wrote.

☆ Florida state lawmakers introduce bill that would ban abortion after six weeks
▼ + stars: | 2023-03-07 | by ( Spencer Kimball | ) www.cnbc.com time to read: +4 min

The legislation, introduced in Florida's House and Senate, would make performing an abortion after six weeks a third-degree felony punishable by up to five years in prison. Florida state lawmakers on Tuesday introduced legislation that would ban abortion after six weeks, when many women don't know they are pregnant, with limited exceptions for medical emergencies and cases of rape and incest. The governor did not mention the legislation during his address, but said "we are proud to be pro-life in the state of Florida." The legislation introduced Tuesday also requires the abortion pill, mifepristone, to be dispensed by a physician to the patient during an in-person appointment. The legislation bans abortion pills from being sent by mail in the state through the U.S.

☆ California governor says state won't do business with Walgreens over position on abortion pill
▼ + stars: | 2023-03-06 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

Gavin Newsom on Monday said the state would no longer do business with Walgreens , after the drugstore chain told 21 Republican attorneys general that it would not sell the abortion pill in their states. Newsom said on Twitter that the state is "done" doing business with Walgreens. Brandon Richards, a spokesperson for the governor, said California is reviewing all relationships between Walgreens and the state. Walgreens plans to become certified to sell mifepristone where it is legal to do so under state and federal law, the company has said. In February, 21 Republican attorneys general warned Walgreens against mailing mifepristone in their states.

☆ Fact Check-Arma 3 gameplay falsely captioned as downed helicopter in Ukraine
▼ + stars: | 2023-03-02 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

Computer game footage of a downed helicopter has been falsely captioned on social media as showing authentic footage from the frontlines in Ukraine. Users shared the clip via social media falsely claiming that it showed downed NATO helicopters inside Ukraine. Examples of the clip erroneously shared online can be viewed (here) and (here). A side-by-side comparison between the YouTube video (L) (timestamp: 39s) and the clip circulating online (R) (timestamp: 25s) can be viewed (ibb.co/rm4F4Gg). Reuters has previously addressed miscaptioned clips shared online purporting to show footage from the war in Ukraine (here), (here).

LONDON, March 2 (Reuters) - Haleon (HLN.L), the world's biggest standalone consumer health business with brands such as Sensodyne toothpaste and Advil painkillers, reported its first full-year results on Thursday which analysts said were in line with expectations. Analysts said on Thursday that Haleon has had a strong start to 2023, and its full-year revenue growth forecast of 4% to 6% was in line or just ahead of consensus estimates. Rivals with consumer health operations, such as Bayer (BAYGn.DE) and Reckitt (RKT.L), have charged higher prices to partly offset broader falls in sales volumes. "Our organic (full-year) revenue growth ... was well balanced between volume and price, with two thirds of the business gaining or holding share," McNamara said. Haleon, which is made up of assets previously owned by GSK and Pfizer (PFE.N) reported organic revenue growth of 9% last year, just ahead of the 8-8.5% increase it predicted for 2022.

☆ Fact Check-Images of a ‘satanic fashion show’ were digitally created, not taken at New York Fashion Week
▼ + stars: | 2023-03-01 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

The rumors have spread online with captions such as: “New York Fashion Week: Almost as if they're trying to tell us something” (here). He added that the series is purely a fantasy concept and not affiliated with New York Fashion Week, although he was inspired by it. Reuters reported that New York Fashion Week 2023 took place between Feb. 10 and Feb. 6 (here), (here), (here). New York Fashion Week representatives did not immediately respond to a request for comment. The images were created by an artist and don’t portray a real show at New York Fashion Week.

LONDON, March 1 (Reuters) - Reckitt Benckiser (RKT.L), maker of Dettol and Lysol cleaning products, on Wednesday marginally beat full-year like-for-like net revenue expectations, helped by higher prices and its nutrition and health businesses. The company said it would target like-for-like net revenue growth of mid-single digits for 2023, excluding the substantial boost its 2022 sales received from the recall of a rival's infant formula. Abbott Laboratories (ABT.N) early last year recalled dozens of infant nutrition products in the United States after customers complained of infants contracting bacterial infections. Reckitt, its biggest rival at the time, ramped up production to fill the supply gap left by Abbott, helping to drive full-year like-for-like net sales growth of about 23% in its nutrition business. The company said full-year like-for-like net revenue increased by 7.6%, edging ahead of analysts' expectations of a 7.5% rise, according to a company-provided consensus.

☆ Lilly to cut insulin prices by 70%, cap prices at $35 per month for people with private insurance
▼ + stars: | 2023-03-01 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

The Inflation Reduction Act capped insulin prices for Medicare beneficiaries at $35 per month but did not protect people with private insurance or who don't have coverage from higher prices. In President Joe Biden's State of the Union speech, he called on Congress to cap insulin prices at $35 a month for everyone. Lilly said it will cap out-of-pocket costs at $35 per month effectively immediately at certain retail pharmacies for people with private insurance. One in five people with diabetes who have private insurance pay more than $35 per month for insulin, according to the Kaiser Family Foundation. Democrats in Congress had pushed to cap insulin at $35 per month last summer for people with private insurance, but Senate Republicans killed the measure.

[1/2] Customers shop at a mall ahead of the Chinese Lunar New Year, in Beijing, China January 15, 2023. REUTERS/Tingshu Wang/File PhotoLONDON/MILAN/FRANKFURT/NEW YORK, March 1 (Reuters) - The world's top consumer and luxury goods companies have seen sales of everything from cosmetics to condoms grow in China since Beijing ended strict COVID-19 curbs, another sign that the world's No. Tourism from China was helping sales in neighbouring Macau, Hong Kong, Taiwan and even Japan, he added. Reckitt Benckiser, which makes Nurofen tablets, cold remedy Lemsip and Durex, saw a pick-up in China after a decline in volumes because of lockdowns. U.S. retailer Walmart Inc (WMT.N), which operates nearly 400 retail and wholesale stores in China, reported strong traffic in its stores since reopening.

☆ FDA advisors recommend GSK's RSV vaccine for older adults, but flag potential safety risks
▼ + stars: | 2023-03-01 | by ( Spencer Kimball | ) www.cnbc.com time to read: +6 min

Ten of the FDA advisors said the safety data on GSK's vaccine was adequate, while two said it was not. The panel reached a similar conclusion in a narrow 7 to 4 vote Tuesday on Pfizer's application to clear its RSV vaccine. While the advisors erred toward recommending approval, they also raised concern over a possible link to Guillain-Barre syndrome. Both companies have asked the FDA to approve their RSV shot for adults ages 60 and older. The FDA said the cases are possibly related to either GSK's RSV vaccine or the flu shot that was administered with it.

☆ Reckitt sales marginally beat full-year estimates
▼ + stars: | 2023-03-01 | by ( ) www.reuters.com time to read: +1 min

LONDON, March 1 (Reuters) - Britain's Reckitt Benckiser (RKT.L), maker of Dettol and Lysol cleaning products, on Wednesday marginally beat full-year like-for-like net revenue expectations, helped by its nutrition and health businesses. The company said it would target like-for-like net revenue growth of mid-single digits for 2023. Abbott Laboratories (ABT.N) early last year recalled dozens of infant nutrition products in the United States after customers complained of infants contracting bacterial infections. Reckitt, its biggest rival at the time, ramped up production to fill the supply gap left by Abbott, helping drive full-year like-for-like net sales growth of about 23% in its nutrition business. Reckitt's own 2022 like-for-like net revenue growth target was 6% to 8%.

☆ Fact Check-Claims that Rudy Giuliani threatened Donald Trump with revealing information stem from satire account
▼ + stars: | 2023-02-28 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

Claims that former New York City Mayor Rudy Giuliani threatened former U.S. President Donald Trump with revealing information about his handling of classified documents and his attempts to overturn the 2020 elections originated as satire, although some social media users were duped into thinking they are legitimate. I don't report the facts, I improve them.” Reuters has previously debunked satirical claims taken seriously that stemmed from this account (here), (here). No credible news outlets reported on the supposed story (bit.ly/3EDY5eJ), and searches through his website (here) and Twitter account provided no results (bit.ly/3YbVHmw), (bit.ly/41vurBY). Rudy Giuliani did not threaten Donald Trump with revealing information if he’s not paid “the money he’s owed”. The claims stem from a satirical Twitter account.

☆ Fact Check-Daily Mail headline about Prince William insulting Camilla with expletive has been doctored
▼ + stars: | 2023-02-28 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

(Note offensive language in linked items in paragraph 2)The headline of a Daily Mail story alleging that Prince William called Camilla, Queen Consort of the United Kingdom, an expletive, has been altered in screenshots online and viewed more than 43,000 times on social media. VERDICTAltered. A screenshot of a MailOnline report on Camilla, Queen Consort, and her grandchildren was doctored to include an expletive. This article was produced by the Reuters Fact Check team. Read more about our work to fact-check social media posts here .

☆ Fact Check-Video of former Nigerian cabinet minister challenging INEC chairman dates to 2015
▼ + stars: | 2023-02-28 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

A video of a former Nigerian cabinet minister saying he has lost confidence in the chairman of the country’s Independent National Electoral Commission (INEC) has been falsely linked on social media to the 2023 general election. Moreover, social media users have misidentified the INEC chairman. The video shows Attahiru Jega, who was chairman at the time the video was filmed but who retired three months later, on June 30, 2015 (here). Mahmoud Yakubu succeeded Jega as chairman, as was tweeted by the INEC (here) and reported by Nigerian news outlets (here) and (here). Read more about our work to fact-check social media posts (here).

☆ FDA advisors recommend Pfizer RSV vaccine for older adults, despite possible Guillain-Barre risks
▼ + stars: | 2023-02-28 | by ( Spencer Kimball | ) www.cnbc.com time to read: +5 min

The vote followed concerns at the FDA and among advisory committee members about two cases of Guillain-Barre syndrome among about 20,000 vaccine recipients. The FDA has asked Pfizer to conduct a safety study on Guillain-Barre syndrome, which the company has agreed to do. There currently is no approved RSV vaccine for the elderly. Pfizer's vaccine contains both strains of RSV, which circulate at the same time during fall and winter. Dr. David Kaslow, a senior official in the FDA's vaccine division, said safety monitoring will be "critically important" if Pfizer's RSV vaccine is approved.

☆ Fact Check-Video does not show meteor in Mission, Texas
▼ + stars: | 2023-02-22 | by ( Reuters Fact Check | ) www.reuters.com time to read: +3 min

A video showing a luminous object shooting across the sky was filmed in Daytona Beach, Florida. It is unrelated to reports of a meteor crashing in Texas on Feb. 15, contrary to claims on social media. in a 10 mile radius.”Reuters identified the location of the recording in Daytona Beach. Two experts ruled out the object seen is a meteor. More information about the meteor near Mission, Texas, published by CBS Media, The Dallas Morning News and CNN can be seen (bit.ly/3Ibjgpf) (bit.ly/41i4t5d) (bit.ly/3lBdzcC).

☆ Fact Check-Fabricated Lauren Boebert tweet about Jimmy Carter and vaccines created as satire
▼ + stars: | 2023-02-21 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

A fabricated screenshot appears to show Republican U.S. Representative Lauren Boebert saying that “vaccines don’t make you live forever,” in reference to a recent announcement about former U.S. President Jimmy Carter’s health. While the screenshot was created as satire, it has duped some users into thinking it is real. The purported tweet is dated Feb. 18, 2023, and reads: “Jimmy Carter was vaccinated. The fake screenshot (here) (bit.ly/3xDmeOI) was originally posted by Twitter account @FaithRubPol (www.twitter.com/FaithRubPol). Lauren Boebert did not post a tweet about Jimmy Carter and vaccines.

☆ Fact Check-Image does not show Joe Biden’s pants on backwards
▼ + stars: | 2023-02-14 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

Pictures of Joe Biden’s visit to Puerto Rico in October 2022 show the president was wearing his pants correctly, despite posts on social media claiming otherwise. A search through Reuters Pictures returned a similar image to the one used in the meme, in which Biden is also wearing a blue shirt, beige pants and dark glasses. This higher definition photograph shows he was wearing his pants correctly, as a belt buckle and zip can be seen (bit.ly/3RVpdLy). President Joe Biden walks with First Lady Jill Biden and Governor of Puerto Rico Pedro Pierluisi at Port of Ponce, Puerto Rico, October 3, 2022.”A photograph from the same day shared by the White House (here) also shows Biden was wearing his clothes properly. Joe Biden did not wear his pants backwards during a visit to Puerto Rico.

☆ Fact Check-Video of bright light in the sky filmed in Kazakhstan in 2022
▼ + stars: | 2023-02-10 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

A video that likely shows a rocket launch from September 2022 in Kazakhstan is being miscaptioned by social media users online who claim that it happened shortly before the Turkey-Syria quake in February 2023. An example with more than 95,000 views at the time of publishing can be seen (here) with the caption, “Strange light in sky before earthquake….”Other examples can be seen (here) and (here). The videos include text that reads, “Before Turkey Earthquake.”Reuters was not able to independently source the original video being shared in the posts. The same video was posted on Telegram (t.me/revolutionmaltsev/91428) on Sept. 25, 2022 with the caption mentioning Balkhash, a city in Kazakhstan. The video is not related to the Turkey-Syria quake that took place on Feb. 6, 2023.

☆ Fact Check-No evidence linking clouds to earthquakes, contrary to claims following Turkey-Syria quake
▼ + stars: | 2023-02-10 | by ( Reuters Fact Check | ) www.reuters.com time to read: +4 min

Experts contacted by Reuters dismissed claims shared online conflating the events that occurred weeks apart and emphasized that there is no evidence linking cloud formations to quakes. “Lenticular clouds form from a natural interaction of the air with mountains,” Mark Wysocki, senior lecturer in Cornell University’s Earth and Atmospheric Sciences department, told Reuters by email. A diagram illustrating this process provided by Wysocki is viewable (ibb.co/PmKM019)“And earthquakes form from the natural movement of the Earth’s crust. Experts contacted by Reuters say there is no evidence linking clouds to earthquakes. The science behind the formation of lens-like-shaped clouds, or lenticular clouds, has been documented.

☆ EMA's safety committee starts review of cold medicines
▼ + stars: | 2023-02-10 | by ( ) www.reuters.com time to read: 1 min

Feb 10 (Reuters) - A European Medicines Agency (EMA) committee said on Friday it has started a review of decongestant medicines for cold and flu that contain the ingredient pseudoephedrine following safety concerns. The EMA said the review was due to reports of conditions affecting blood vessels in the brain in some patients who took pseudoephedrine-containing medicines. Pseudoephedrine is a drug that is used alone or in combination with other medicines to treat a blocked nose due to cold, flu or allergy. Makers of pseudoephedrine-containing drugs include Reckitt Benckiser (RKT.L), McNeil Products Ltd and Organon & Co (OGN.N). Reporting by Sriparna Roy in Bengaluru; Editing by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

☆ Fact Check-Fabricated Marjorie Taylor Greene tweet about submarines and China created by satirical account
▼ + stars: | 2023-02-09 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

A fabricated screenshot that appears to show Republican U.S. Representative Marjorie Taylor Greene accusing President Joe Biden of allowing China to develop submarines is circulating on social media. The purported tweet is dated Feb. 5, 2023 and reads: “Under Joe Biden, China has developed under-water-machines (sic.) Joe Biden has surrendered America.” It shows a picture of Greene in the top left corner and her real Twitter handle, @RepMTG. One person said: “MTG discovers submarines about 150 years late.”No such tweet was found on Greene’s Twitter account (bit.ly/3x412Bb). Marjorie Taylor Greene did not post a tweet accusing Joe Biden of allowing China to develop submarines.

☆ Entain's shares tumble as MGM scraps buyout plan
▼ + stars: | 2023-02-09 | by ( ) www.reuters.com time to read: 1 min

Feb 9 (Reuters) - Shares of Entain plc (ENT.L) tumbled up to 13% on Thursday after the U.S-based MGM Resorts International (MGM.N) said it had "moved on" from pursuing an offer for the British gambling firm. MGM Chief Executive William Hornbuckle said in a post-earnings call on Wednesday that although it remained focused on online sportsbook BetMGM - a joint venture with Entain - it saw great potential in the expansion of Swedish online gaming company LeoVegas, which it bought last year. Entain's shares fell as much as 13% to an over one-month low of 1365.5 pence in morning trade. Reporting by Radhika Anilkumar in Bengaluru; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.

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