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☆ UN aid chief: situation is Gaza 'fast becoming untenable'
▼ + stars: | 2023-10-14 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Ahmed Zakot Acquire Licensing RightsUNITED NATIONS, Oct 14 (Reuters) - The humanitarian situation in Gaza, already critical, is now "fast becoming untenable," U.N. aid chief Martin Griffiths said in a statement on Saturday. The actions and rhetoric by Hamas militants and Israel in the past few days is "extremely alarming, unacceptable," Griffiths said. Even wars have rules, and these rules must be upheld, at all times, and by all sides, he said. "Civilians in Israel and the Occupied Palestinian Territory are suffering from a week of utter anguish and devastation," Griffiths said. "The past week has been a test for humanity," he said, "and humanity is failing."

Persons: Khan Younis, Ahmed Zakot, Martin Griffiths, Griffiths, " Griffiths, Michelle Nichols, Paul Grant, Jasper Ward, Diane Craft Organizations: United Nations, REUTERS, UNITED NATIONS, Thomson Locations: Gaza, Israel, Palestinian

☆ Biden holds calls with Israel's Netanyahu, Palestinians' Abbas
▼ + stars: | 2023-10-14 | by ( ) www.reuters.com time to read: +2 min

In his first call with Palestinian Authority President Mahmoud Abbas since Hamas' attack on Israel a week ago, Biden offered Abbas his full support for "urgently needed humanitarian assistance to Palestinian people, especially in Gaza." The White House said Biden stressed unwavering U.S. support for Israel in his call with Prime Minister Benjamin Netanyahu, with whom he has spoken regularly since the attack. "President Biden reaffirmed his support for all efforts to protect civilians," the White House said. Netanyahu told Biden that "unity and determination" were needed to achieve Israel's combat goals against Gaza's Hamas rulers, Netanyahu's office said, adding that he thanked the president for his support. Abbas' office said the Palestinian leader told Biden he completely rejects the displacement of Palestinians from Gaza, as Israel retaliates for a deadly Hamas attack on its territory.

Persons: Joe Biden, Benjamin Netanyahu, Jonathan Ernst, Mahmoud Abbas, Biden, Abbas, Netanyahu, Israel, Emily Rose, Ali Sawafta, Daniel Wallis, Chizu Nomiyama, Diane Craft Organizations: Israeli, White, REUTERS, West Bank, Palestinian Authority, Palestinian, Israel, UN, Thomson Locations: Israel, Washington , U.S, JERUSALEM, RAMALLAH, West, U.S, Gaza, Jerusalem, Ramallah, Doina, Washington

☆ How U.S. bank balance sheets have changed as Fed raises rates
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +3 min

Alongside that, overall U.S. commercial bank credit during the third quarter began shrinking on a year-over-year basis for the first time in more than a decade, Fed data show. Overall bank credit, reported weekly, stood at $17.26 trillion on the last Wednesday of September on a non-seasonally adjusted basis, down from $17.30 trillion on the last Wednesday of June and $17.33 trillion a year earlier. Reuters Graphics Reuters GraphicsBank deposits overall stabilized during the quarter, after falling sharply in the wake of the March bank failures. Reuters Graphics Reuters GraphicsDeposits at smaller banks fell sharply after the March bank turmoil, but have recovered much of their losses, and are now down about 2% from their April 2022 level. Reporting by Ann Saphir; Editing by Dan Burns and Diane CraftOur Standards: The Thomson Reuters Trust Principles.

Persons: Reuters Graphics Banks, Ann Saphir, Dan Burns, Diane Craft Organizations: Silicon, JPMorgan, Citigroup, Reuters Graphics, Reuters Graphics Reuters, Bank, Graphics, Thomson Locations: U.S, Wells Fargo

Navalny aides said lawyers Vadim Kobzev, Igor Sergunin and Alexei Liptser were being investigated on suspicion of belonging to an "extremist group". Later on Friday, a Moscow court remanded all three in investigative custody until Dec. 13, according to a statement posted by the court on Telegram. Navalny told the judge on learning of the investigations against his lawyers. REUTERS/Yulia Morozova/File Photo Acquire Licensing Rights"As in Soviet times, not only political activists and political prisoners but also their lawyers are being persecuted." Navalny aide Leonid Volkov posted on the X social media platform that the three lawyers faced up to six years in prison if found guilty of belonging to an extremist group, "just for being Navalny's lawyers".

Persons: Navalny Putin, Alexei Navalny, Navalny, Vadim Kobzev, Igor Sergunin, Alexei Liptser, Vladimir Putin, Kobzev, Yulia Morozova, Putin, Leonid Volkov, " Volkov, they’re, Volkov, Alexander Marrow, Maxim, Peter Graff, Diane Craft Organizations: IK, REUTERS, Kremlin, U.S . Central Intelligence Agency, Thomson Locations: Moscow, Russia, Vladimir Region, Basmanny, Germany, Siberia

Oct 13 (Reuters) - President Joe Biden will announce in Philadelphia on Friday the recipients of $7 billion in federal grants for the development of regional hydrogen hubs, advancing a key part of his administration's broader plan to decarbonize the U.S. economy. "The regional hydrogen hubs will kickstart a national network of clean hydrogen production, consumers and the connected infrastructure necessary, while supporting the production, storage and delivery and end use of clean hydrogen,” a senior administration official said. The hubs selected will serve the mid-Atlantic, Appalachian, Midwest, Minnesota and Plains states, the Gulf Coast, Pacific Northwest and California. The grants are expected to leverage over $40 billion in private investment, generate tens of thousands of jobs and create a national hydrogen economy. Most of the selected hubs include the use of natural gas to power hydrogen production, which administration officials said would need to install carbon capture technology to qualify.

Persons: Joe Biden, ”, Biden, Chris Hannan, Rachel Fakhry, Valerie Volcovici, Diane Craft Organizations: Industry, Administration, of, Treasury Department, Natural Resources Defense, Thomson Locations: Philadelphia, U.S, Pennsylvania, California, Appalachian, Midwest , Minnesota, Plains, Gulf Coast, Pacific Northwest, Texas, of California

Sundar Pichai, Chief Executive Officer of Alphabet, gestures as he speaks during a session of the 50th World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 22, 2020. REUTERS/Denis Balibouse Acquire Licensing RightsBRUSSELS, Oct 13 (Reuters) - EU industry chief Thierry Breton on Friday warned Alphabet (GOOGL.O) Chief Executive Officer Sundar Pichai to adhere to EU tech rules after the spread of disinformation on YouTube following Hamas' attacks in Israel, the latest company to be rebuked. False content about the Israel and Hamas conflict has proliferated on the major social media platforms over the past several days. According to Alphabet's YouTube, the company has quickly worked to remove harmful content after Hamas' attack and was prepared to take additional action. It has also rolled out a crisis resource panel in search with information from Israeli authorities for viewers in Israel.

Persons: Sundar Pichai, Denis Balibouse, Thierry Breton, Breton, Pichai, Elon Musk, Mark Zuckerberg, Shou Zi Chew, Foo Yun Chee, Sudip Kar, Gupta, Sheila Dang, Louise Heavens, Diane Craft Organizations: Economic, REUTERS, Rights, YouTube, Twitter, Digital Services, Google, DSA, Thomson Locations: Davos, Switzerland, Rights BRUSSELS, Israel, Dallas

☆ After treatment at US military hospital, volunteers for Ukraine return to fight
▼ + stars: | 2023-10-12 | by ( Andrew Hay | ) www.reuters.com time to read: +4 min

US COMMITMENT TO UKRAINETreating the wounded volunteers at Landstuhl represents another level of U.S. commitment to Ukraine. Thousands of foreign volunteers headed to Ukraine after Russia’s February 2022 invasion and are now fighting with regular Ukraine army units and a foreign legion. Dozens of foreign volunteers are wounded each month, according to the four fighters interviewed by Reuters. Of 20 Ukrainian Army patients admitted so far, nearly all since August, 16 have been foreign volunteers, according to Marcy Sanchez, a spokesman for the hospital. "The bureaucracy is just horrendous," said Craig Borthwick, lead medic for ReactAid, explaining the many layers of military, medical and government authorizations required.

Persons: Jumbo, directionless, Biden, Rachel Jamison, Meaghan Mobbs, Marcy Sanchez, ReactAid, Craig Borthwick, David Bramlette, Nathan Chan, we're, Andrew Hay, Phil Stewart, Donna Bryson, Diane Craft Organizations: Landstuhl Regional Medical, Ukrainian Army, . Military, U.S, Marine, RT Weatherman, Jumbo, Landstuhl Regional Medical Center, United State's, Reuters, Russia, Marines, Landstuhl, Kyiv, Russia’s, Ukraine, Weatherman, Ukrainian, Ukrainian Armed Forces, U.S . Army, Green Beret, Thomson Locations: Germany, United States, Russian, Ukraine, U.S, UKRAINE

☆ Human Rights Watch says Israel used white phosphorous in Gaza, Lebanon
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: +3 min

Asked for comment on the allegations, Israel's military said it was "currently not aware of the use of weapons containing white phosphorous in Gaza." Human Rights Watch said it verified videos taken in Lebanon on Oct. 10 and Gaza on Oct. 11 showing "multiple airbursts of artillery-fired white phosphorus over the Gaza City port and two rural locations along the Israel-Lebanon border". Israel's military in 2013 said it was phasing out white phosphorus smokescreen munitions used during its 2008-2009 offensive in Gaza, which drew war crimes allegations from various rights groups. White phosphorus munitions can legally be used on battlefields to make smoke screens, generate illumination, mark targets or burn bunkers and buildings. Because it has legal uses, white phosphorus is not banned as a chemical weapon under international conventions, but it can cause serious burns and start fires.

Persons: Mohammed Salem, Israel, phosphorous, Emily Rose, Rami Ayyub, Diane Craft Organizations: REUTERS, Rights, Hezbollah, Human Rights Watch, Reuters, Thomson Locations: Gaza City, Gaza, Lebanon, Israel, Palestinian

☆ Human Rights Watch Says Israel Used White Phosphorous in Gaza, Lebanon
▼ + stars: | 2023-10-12 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +2 min

JERUSALEM (Reuters) - Human Rights Watch on Thursday accused Israel of using white phosphorus munitions in its military operations in Gaza and Lebanon, saying the use of such weapons puts civilians at risk of serious and long-term injury. Asked for comment on the allegations, Israel's military said it was "currently not aware of the use of weapons containing white phosphorous in Gaza." Israel's military in 2013 said it was phasing out white phosphorus smokescreen munitions used during its 2008-2009 offensive in Gaza, which drew war crimes allegations from various rights groups. White phosphorus munitions can legally be used on battlefields to make smoke screens, generate illumination, mark targets or burn bunkers and buildings. Because it has legal uses, white phosphorus is not banned as a chemical weapon under international conventions, but it can cause serious burns and start fires.

Persons: Israel, phosphorous, Emily Rose, Rami Ayyub, Diane Craft Organizations: Rights, Hezbollah, Human Rights Watch, Reuters Locations: JERUSALEM, Gaza, Lebanon, Israel, Gaza City, Palestinian

A pipe for transporting carbon dioxide to removal equipment is shown at the Tomakomai carbon, capture and storage (CCS) test site in Tomakomai, Hokkaido prefecture, Japan March 22, 2018. Japan aims to cut total carbon emissions by 46% by 2030 from 2013 levels, and has pledged to become carbon neutral by 2050. In Japan, those difficulties are made worse by the already-strained state of the national power system due to the sharp drop in nuclear power generation since the 2011 Fukushima disaster. Over the longer term, Japan is also targeting increases in wind power generation, especially from offshore sites. Electric vehicle sales are accelerating in Japan, but remain a tiny proportion of Japan's total car fleetHowever, EVs represented just 3% of total car sales last year, and account for less than 1% of Japan's total car stock.

Persons: Aaron Sheldrick, EVs, Gavin Maguire, Diane Craft Organizations: REUTERS, Energy Institute, Japan, International Energy Agency, IEA, Reuters, Thomson Locations: Tomakomai, Hokkaido prefecture, Japan, LITTLETON , Colorado, India, China, United States, Europe

STOCKHOLM/AMSTERDAM, Oct 12 (Reuters) - Airlines wrestled with the safety risk of evacuation operations in Israel on Thursday, with carriers including Dutch KLM cancelling flights while sister airline Air France mounted a special relief flight chartered by the French foreign ministry. Israel's parliamentary finance committee meanwhile approved a plan to provide a state guarantee of $6 billion to cover insurance against war risks to Israeli airlines. The framework will grant Israeli airlines cover against war risks, thereby ensuring the continuity of air operations. Foreign airlines have struggled to find a common approach and the head of European budget giant Ryanair (RYA.I) said it was up to governments to plot the way forward. PATCHY RESPONSEGermany's Lufthansa (LHAG.DE) said it was sticking to its plans for evacuation flights on Thursday and Friday, while continuing to ground commercial flights to Israel.

Persons: Ben Gurion, Ben Smith, Ed Bastian, Sasha Gainullin, Rafael Schvartzman, Obama, Anna Ringstrom, Bart H, Meijer, Tim Hepher, Joanna Plucinska, Julia Payne, Carolyn Cohn, Steven Scheer, Rajesh Kumar Singh, Doyinsola, Terje Solsvik, Deborah Kyvrikosaios, Diane Craft Organizations: Airlines, Dutch KLM, Air France, Palestinian, Israel's, Norwegian Air, Insurance, Reuters, Foreign, Ryanair, KLM, Boeing, Lufthansa, Dubai's Emirates, Delta Air Lines, International Air Transport Association, Regulators, U.S . Federal Aviation Administration, Thomson Locations: STOCKHOLM, AMSTERDAM, Israel, Palestinian, Tel Aviv's, Ben, Gaza, Tel Aviv, Eilat, Emirates, United States, Europe, U.S, Ben Gurion

Summary LATEST DEVELOPMENTS:"Civilians of Gaza City, evacuate south for your own safety...and distance yourself from Hamas terrorists who are using you as human shields," Israeli military says. The Israeli military said it would operate "significantly" in Gaza City in coming days and civilians should only return when advised. "Civilians of Gaza City, evacuate south for your own safety and the safety of your families and distance yourself from Hamas terrorists who are using you as human shields," the military said. "Hamas terrorists are hiding in Gaza City inside tunnels underneath houses and inside buildings populated with innocent Gazan civilians." [1/16]Palestinians flee their homes amid Israeli strikes, amid the ongoing conflict between Israel and the Palestinian Islamist group Hamas, in Gaza City, October 13, 2023.

Persons: Yoav Gallant, Gilad Erdan, Israel, Cross, Fabrizio Carboni, Antony Blinken, Mohammed Salem, Blinken, Jordan's King Abdullah, Mahmoud Abbas, Hassan Nassrallah, Lloyd Austin, Austin, Benjamin Netanyahu, Mount Herzl, Khan Younis, Ibrahim Hamdan, Henriette Chacar, Dedi, Maayan Lubell, Emily Rose, Michelle Nichols, Emma Farge, Jeff Mason, Humeyra Pamuk, Steve Gorman, Dan Whitcomb, Michael Martina, Michael Perry, Michael Georgy, Philippa Fletcher, Howard Goller, Diane Craft, Nick Macfie Organizations: Hamas, United Nations, Shifa, International Committee, Food Programme, ICRC, U.S, NATO, REUTERS, Palestinian Authority, West Bank, United Arab, U.S . Defense, Washington, United, Police, FBI, Mount, Thomson Locations: Gaza City, Gaza, JERUSALEM, TEL AVIV, Israel, Japan, United States, Palestinian, Qatar, Saudi Arabia, Egypt, United Arab Emirates, Iran, Lebanon, Turkey, UAE, Turkish, U.S, Paris, Amsterdam, London, New York, Los Angeles, Jerusalem, Gazans, Geneva, Washington, Tel Aviv

Israel's military chief, Lieutenant General Herzi Halevi, said lessons would be drawn from the security failures around Gaza that enabled the attack. The U.S. military is placing no conditions on its security assistance to Israel, U.S. Defense Secretary Lloyd Austin said, adding Washington expected Israel's military to "do the right things" in prosecuting its war against Hamas. Scores of Israeli and foreign hostages were taken back to Gaza; Israel said it had identified 97 of them. [1/4]Israeli soldiers hold an Israeli flag while in a tank near Israel's border with the Gaza Strip, in southern Israel, October 12, 2023. "This war is harsh beyond imagining," said Hamdan, who has worked through repeated wars since becoming a rescuer in 2007.

Persons: Antony Blinken, Blinken, King Abdullah, Mahmoud Abbas, America's, General Herzi Halevi, Lloyd Austin, Austin, Benjamin Netanyahu, East Jerusalem's, Kan, Ronen, Israel, Cross, Fabrizio Carboni, Los Angeles, Kathy Hochul, Mount Herzl, Khan Younis, Ibrahim Hamdan, Hamdan, Henriette Chacar, Dedi, Maayan Lubell, Emily Rose, Nidal, Emma Farge, Jeff Mason, Humeyra Pamuk, Steve Gorman, Dan Whitcomb, Michael Martina, Howard Goller, Diane Craft Organizations: Israel U.S, West Bank Security, Hamas, U.S, NATO, Palestinian, Palestinian Authority, West Bank, United Arab, U.S . Defense, Washington, Public, REUTERS, International Committee, United Nations, Food Programme, ICRC, New, FBI, Mount, Thomson Locations: East Jerusalem, Europe JERUSALEM, GAZA, TEL AVIV, Gaza, Israel, Jordan, U.S, Qatar, Saudi Arabia, Egypt, United Arab Emirates, Iran, East, East Jerusalem's Al, Aqsa, Washington, Europe, Paris, Amsterdam, London, New York, Los, Jerusalem, Geneva, Tel Aviv, Los Angeles

☆ Human Rights Watch says Israel used white phosphorus in Gaza, Lebanon
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: +3 min

Asked for comment on the allegations, Israel's military said it was "currently not aware of the use of weapons containing white phosphorus in Gaza." Human Rights Watch said it verified videos taken in Lebanon on Oct. 10 and Gaza on Oct. 11 showing "multiple airbursts of artillery-fired white phosphorus over the Gaza City port and two rural locations along the Israel-Lebanon border". White phosphorus munitions can legally be used on battlefields to make smoke screens, generate illumination, mark targets or burn bunkers and buildings. Because it has legal uses, white phosphorus is not banned as a chemical weapon under international conventions, but it can cause serious burns and start fires. White phosphorus is considered an incendiary weapon under Protocol III of the Convention on the Prohibition of Use of Certain Conventional Weapons.

Persons: Mohammed Salem, Israel, Emily Rose, Rami Ayyub, Diane Craft Organizations: REUTERS, Rights, Hezbollah, Human Rights Watch, Reuters, Thomson Locations: Gaza City, Gaza, Lebanon, Israel, Palestinian

The Goldman Sachs company logo is on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 13, 2021. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsNEW YORK, Oct 11 - Goldman Sachs (GS.N) has agreed to sell GreenSky, its home improvement lender, and associated loans to a consortium led by investment firm Sixth Street Partners, it said on Wednesday. The charge on earnings equates to about $62 million, according to Reuters calculations based on Goldman Sachs' outstanding shares. Goldman Sachs declined to comment on the price. "We plan to continue the company's legacy of driving growth through enhanced technology and great user experiences," said Alan Waxman, co-founder and CEO of Sixth Street.

Persons: Goldman Sachs, Brendan McDermid, Goldman, David Solomon, Solomon, Alan Waxman, GreenSky, Saeed Azhar, Niket, Lananh Nguyen, Leslie Adler, Diane Craft Organizations: New York Stock Exchange, REUTERS, Sixth Street Partners, Wall Street, Street Journal, Sixth, KKR, Bayview Asset Management, Pacific Investment Management Co, Investments, Thomson Locations: New York City, U.S, Bayview, Bengaluru

☆ Iran's president, Saudi crown prince speak for first time since diplomatic ties restored
▼ + stars: | 2023-10-11 | by ( ) www.reuters.com time to read: +1 min

Iranian President Ebrahim Raisi speaks during a meeting with the cabinet in Tehran, Iran, October 8, 2023. Iran's Presidency/WANA (West Asia News Agency)/Handout via REUTERS/File Photo Acquire Licensing RightsOct 11 (Reuters) - Iranian President Ebrahim Raisi and Saudi Crown Prince Mohammed bin Salman discussed the Palestinian-Israeli conflict on Wednesday, in the first telephone call between the two leaders since a China-brokered deal between Tehran and Riyadh to resume ties. Raisi and the Saudi crown prince discussed the "need to end war crimes against Palestine," Iranian state media said. The Saudi crown prince, for his part, "affirmed that the Kingdom is making all possible efforts in communicating with all international and regional parties to stop the ongoing escalation," Saudi state news agency SPA said. He also reiterated Saudi Arabia's rejection of targeting civilians in any way, SPA added.

Persons: Ebrahim Raisi, Saudi Crown Prince Mohammed bin Salman, Raisi, Chris Reese, Diane Craft Organizations: Iran's, West Asia News Agency, REUTERS, Saudi Crown, Palestine, Saudi, Dubai, Thomson Locations: Tehran, Iran, China, Riyadh, Saudi, Saudi Arabia, Gulf, Yemen, Syria

☆ Robert F. Kennedy Jr. expected to announce independent run for president
▼ + stars: | 2023-10-09 | by ( ) www.reuters.com time to read: +2 min

Presidential candidate Robert F. Kennedy Jr. delivers his political speech at the Iowa State Fair in Des Moines, Iowa, U.S. August 12, 2023. REUTERS/Scott Morgan/File Photo/File Photo Acquire Licensing RightsWASHINGTON, Oct 9(Reuters) - Robert F. Kennedy Jr, an environmental lawyer, anti-vaccine activist and son of the former senator, is expected to announce Monday in Philadelphia that he is dropping his Democratic Party bid for president and will run as an independent. At a Democratic National Committee gathering in St Louis last week, party faithful were both dismissive and concerned. It’s sort of a disgrace,” said Ken Martin, head of Minnesota’s Democratic Party. We can’t go into this election with rose-colored glasses,” said Charles Wilson, chair of Washington DC’s Democratic Party.

Persons: Robert F, Kennedy Jr, Scott Morgan, Donald Trump, Joe Biden, Trump, ”, Ken Martin, Charles Wilson, Jarrett Renshaw, Heather Timmons, Diane Craft Organizations: Fair, REUTERS, Rights, Democratic Party, YouTube, Democratic, Reuters, Biden, Democratic National Committee, St Louis, Minnesota’s Democratic Party, Washington DC’s Democratic Party, Thomson Locations: Iowa, Des Moines , Iowa, U.S, Philadelphia, St

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

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

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

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

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

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

Passersby are reflected on an electric stock quotation board outside a brokerage in Tokyo, Japan April 18, 2023. REUTERS/Issei Kato/File Photo Acquire Licensing RightsOct 9 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. To recap, the S&P 500 and Nasdaq on Friday registered their biggest gains since late August, and the S&P 500 snapped a four-week losing streak, after data showed that showed U.S. job growth in September smashed forecasts. Figures on Saturday showed that China's foreign exchange reserves fell $45 billion in September to $3.115 trillion from $3.16 trillion in August. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Issei Kato, Jamie McGeever, Wall, Treasuries, Fed's Barr, Jefferson, Diane Craft Organizations: REUTERS, Swiss, Nasdaq, Analysts, Thomson, Reuters Locations: Tokyo, Japan, Israel, Gaza, Asia, China, U.S, Beijing, Logan, Indonesia

☆ BIS' Carstens: too early to say how new war will impact global outlook
▼ + stars: | 2023-10-08 | by ( ) www.reuters.com time to read: 1 min

DALLAS, Oct 8 (Reuters) - Bank for International Settlements General Manager Agustin Carstens on Sunday said it's "too early to say" how the newly erupted conflict in Israel will affect the global economy still struggling with post-pandemic high inflation. "Traditionally this affects the price of oil and can affect the stock market, but it’s too early to say," Carstens told the National Association for Business Economics in answer to a question after a talk in which he emphasized the need for central banks to keep interest rates relatively high "for a while" to beat inflation. "We need to continue being very firm." Reporting by Ann Saphir; editing by Diane CraftOur Standards: The Thomson Reuters Trust Principles.

Persons: Agustin Carstens, it's, Carstens, Ann Saphir, Diane Craft Organizations: DALLAS, Bank for International, National Association for Business Economics, Thomson Locations: Israel

☆ Israel UN Envoy Decries 'War Crimes,' Vows to Obliterate Hamas
▼ + stars: | 2023-10-08 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +1 min

By Michelle NicholsNEW YORK (Reuters) - Israel's ambassador to the United Nations on Sunday accused Palestinian Islamist group Hamas of committing war crimes, vowing that it was time to "obliterate" Hamas terror infrastructure while seeking to keep normalization talks with Saudi Arabia on track. "These are war crimes, blatant documented war crimes," Israel's U.N. "Now is the time to obliterate Hamas terror infrastructure, to completely erase it, so that such horrors are never committed again." Erdan spoke ahead of a closed-door U.N. Security Council meeting later on Sunday, appealing for the international community to give Israel its full support and condemn the actions of Hamas. The assault by Hamas coincides with U.S.-backed moves to push Saudi Arabia towards normalizing ties with Israel in return for a defence deal between Washington and Riyadh.

Persons: Michelle Nichols, Gilad Erdan, Erdan, Susan Heavey, Lisa Shumaker, Diane Craft Organizations: YORK, United Nations, Hamas, Security, Israel Locations: Saudi Arabia, Gaza, Israel, Washington, Riyadh

☆ Israel UN envoy decries 'war crimes,' UN Security Council meets
▼ + stars: | 2023-10-08 | by ( Michelle Nichols | ) www.reuters.com time to read: +3 min

Ambassador Gilad Erdan ahead of the closed-door meeting of the 15-member Security Council meeting. "The era of reasoning with these savages is over," he told reporters. Ambassador Riyad Mansour told reporters ahead of the Security Council meeting. Diplomats said it was unlikely the Security Council would issue a statement, which are agreed to by consensus. Ambassador to the U.N. Robert Wood told reporters that it was not a priority for Washington at the moment.

Persons: United Nations Gilad Erdan, Mike Segar, Gilad Erdan, Erdan, Egypt's, Riyad Mansour, Tor Wennesland, Robert Wood, Wood, Lana Nusseibeh, Michelle Nichols, Susan Heavey, Lisa Shumaker, Diane Craft, Mark Porter Organizations: United Nations, United Nations Security Council, REUTERS, . Security, Hamas, Security, U.N, Diplomats, U.S, Washington, United, United Arab Emirates U.N, Israel, Thomson Locations: U.N, New York City, U.S, Gaza, Israel, U.N ., United Arab, Saudi Arabia, Washington, Riyadh

☆ 'Stoneman Willie' Beloved Pennsylvania Mummy Gets Burial, Real Name
▼ + stars: | 2023-10-07 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +2 min

By Julio-Cesar Chavez and Rich McKayREADING, Pennsylvania (Reuters) - A leather-skinned mummified man - a longtime curiosity lying in an open coffin in Reading, Pennsylvania and known only as "Stoneman Willie", got two things Saturday he went without for 128 years - a burial and his real name. A group of funeral home employees and well-wishers, said in unison, "Rest in peace, James," as they unveiled his tombstone, with his real name in small letters below large type reading, "Stoneman Willie." Because Murphy gave a fake name when arrested, local officials were unable to locate relatives, said local historian George Meiser. "Weeks passed, months passed, years passed and no one claimed the remains," Meiser said at the service. (Reporting by Julio-Cesar Chavez in Reading, Pennsylvania, writing and additional reporting by Rich McKay in Atlanta; editing by Diane Craft)

Persons: Julio, Cesar Chavez, Rich McKay, Stoneman Willie, James Murphy, James, Murphy, Kyle Blankenbiller, Theo C, George Meiser, Weeks, Meiser, Stoneman, Pastor Robert Whitmire, Diane Craft Organizations: Reading, Auman Inc Locations: Pennsylvania, Reading , Pennsylvania, New York, Reading, Atlanta

☆ Biden offers Israel support, faces criticism on Iran at home
▼ + stars: | 2023-10-07 | by ( Steve Holland | ) www.reuters.com time to read: +5 min

"We will not ever fail to have her back," Biden said of Israel in televised remarks condemning the attack. "I made clear to Prime Minister Netanyahu that we stand ready to offer all appropriate means of support to the government and people of Israel," Biden said in a written statement issued after their call. Biden was briefed early on Saturday about the events in Israel and White House officials worked through the night monitoring them, an official said. DeSantis appeared to be referring to a prisoner swap deal the Biden administration completed with Iran in September. White House Middle East envoy Brett McGurk was in Saudi Arabia a month ago talking to officials, including Palestinians, about normalization.

Persons: Joe Biden, Roosevelt, Leah Millis, Biden, Israel, Benjamin Netanyahu, Netanyahu, Kevin McCarthy, Jack Lew, Joe Biden's, Ron DeSantis, DeSantis, Adrienne Watson, Brett McGurk, Mahmoud Abbas, Steve Holland, Matt Spetalnick, Heather Timmons, Chris Reese, Diane Craft Organizations: Manufacturing, White, REUTERS, Rights, Israel, team, United Arab Emirates, Representatives, U.S . Senate, Republican, Biden, United, National Security, Reuters, Thomson Locations: Washington , U.S, Israel, Iran, Saudi Arabia, U.S, Saudi, New York, Egypt, Turkey, Qatar, Jordan, Oman, European, Washington, IRAN, Florida, South Korea, United States, East Jerusalem

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