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☆ Honda recalling 1.2 million US vehicles for rear camera issue
▼ + stars: | 2023-06-23 | by ( David Shepardson | ) www.reuters.com time to read: +1 min

Companies Honda Motor Co Ltd FollowWASHINGTON June 23 (Reuters) - Honda Motor (7267.T) is recalling 1.2 million vehicles in the United States due to a potential issue with the rearview camera image, the National Highway Traffic Safety Administration (NHTSA) said on Friday. Due to a faulty communication coaxial cable connector, the rearview camera image may not appear on the display. Honda previously extended the warranty to vehicles affected by the issue in 2021. The automaker said in a filing with NHTSA it has received 273,870 warranty claims related to the issue between May 2017 and June this year, and no reports of injuries or deaths related to the recall issue. Dealers will install an improved cable harness between the existing display audio and vehicle terminal connections and a straightening cover over the vehicle cable connector to properly connect the audio display unit.

Persons: Baranjot Kaur, David Shepardson, Shailesh Kuber, Kirsten Donovan Organizations: Honda Motor, WASHINGTON, Honda, Traffic Safety Administration, Thomson Locations: United States, Bengaluru, Washington

☆ Honda recalling 1.2 mln US vehicles for rear camera issue
▼ + stars: | 2023-06-23 | by ( David Shepardson | ) www.reuters.com time to read: +1 min

☆ Russia gas flows through Ukraine could stop next year - FT
▼ + stars: | 2023-06-22 | by ( ) www.reuters.com time to read: +2 min

The chances of Kyiv and Moscow agreeing to a renewal of the five-year transit contract first signed in 2019 were slim, even though the route through Ukraine accounts for almost 5% of Europe's total gas imports, the newspaper reported. Russian gas giant Gazprom (GAZP.MM) warned in April that Europe's ability to maintain ample gas stocks in the 2023/2024 winter hinges on Asia's demand given "critically low" supplies from Russia. European gas prices rose last year on Gazprom's threat to cut flows to Moldova, as the supply route, which goes through Ukraine, is the last functioning Russian gas corridor to Europe. The European Union last year invested heavily in LNG imports and adopted regulation to boost storage to fend off any shortage after Russian gas supplies to Europe shrank following Moscow's special military operation in Ukraine. Reporting by Baranjot Kaur in Bengaluru; Editing by Christopher Cushing and Sonali PaulOur Standards: The Thomson Reuters Trust Principles.

Persons: Galushchenko, Baranjot Kaur, Christopher Cushing, Sonali Paul Organizations: Gazprom PAO, Gazprom, Financial Times, German, European Union, Thomson Locations: Russia, Europe, Ukraine, Kyiv, Moscow, Moldova, Bengaluru

☆ Germany's Covestro rejects takeover proposal from ADNOC -Bloomberg News
▼ + stars: | 2023-06-22 | by ( ) www.reuters.com time to read: +1 min

FRANKFURT, June 22 (Reuters) - German plastics and chemicals maker Covestro AG (1COV.DE) has rejected an initial takeover proposal from Abu Dhabi National Oil Co (ADNOC) saying the offer was too low, Bloomberg News reported on Thursday citing people familiar with the matter. The stock jumped as much as 3.7% after the report was published, after trading down earlier in the day. Two people familiar with the matter told Reuters on Tuesday that ADNOC had approached Covestro with a takeover proposal worth more than 10 billion euros ($11.00 billion). It would probably only be a matter of price whether the existing shareholders would accept such a takeover offer," Arne Rautenberg, fund manager at Union Investment, told Reuters. Covestro, a maker of transparent polycarbonate plastics, as well as chemicals for insulation and upholstery foams, in April issued earnings guidance that reassured markets about its growth prospects.

Persons: ADNOC, Covestro, Arne Rautenberg, Gursimran Kaur, Victoria Farr, Jason Neely, Conor Humphries Organizations: Covestro, Abu Dhabi National Oil Co, Bloomberg, Reuters, Union Investment, Thomson Locations: FRANKFURT, Abu Dhabi, Bengaluru, Emma, Frankfurt

☆ US Coast Guard says debris field discovered near Titanic; experts evaluating
▼ + stars: | 2023-06-22 | by ( ) www.reuters.com time to read: 1 min

June 22 (Reuters) - The U.S. Coast Guard on Thursday said a debris field was discovered within the search area by a remotely operated vehicle near the Titanic. Experts within the unified command were evaluating the information, the Coast Guard said. Reporting by Gursimran Kaur in Bengaluru; Editing by Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

Persons: Gursimran Kaur, Chizu Organizations: U.S . Coast Guard, Coast Guard, Thomson Locations: Bengaluru

☆ Binance issues cease and desist notice to "Binance Nigeria Limited"
▼ + stars: | 2023-06-18 | by ( ) www.reuters.com time to read: +1 min

June 18 (Reuters) - Binance has issued a cease and desist order to "Binance Nigeria Limited", Binance CEO Changpeng Zhao said in a tweet on Sunday, calling the Nigerian company a "scammer entity". Earlier this month, Nigeria's markets regulator ordered Binance to halt its operations in the country, saying local unit "Binance Nigeria Limited" that courted Nigerian investors through a website was not registered or regulated, making it illegal. The SEC sued Binance and Zhao earlier this month alleging that the company artificially inflated its trading volumes, diverted customer funds, and misled investors about its market surveillance controls. Binance disputes the SEC charges. Reporting by Gursimran Kaur in Bengaluru; Editing by Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.

Persons: Binance, Changpeng Zhao, Zhao, Gursimran Kaur, Kirsten Donovan Organizations: Binance, U.S . Securities, Exchange Commission, SEC, Thomson Locations: Binance Nigeria, Nigerian, Netherlands, Cyprus, Canada, Australia, Bengaluru

☆ Hostess, the maker of Twinkies, faces a near $300,000 fine after a worker severed their fingertip on the job
▼ + stars: | 2023-06-18 | by ( Charles R. Davis | ) www.businessinsider.com time to read: +2 min

A worker lost a fingertip while working at a Hostess Brands facility, the Labor Department said. Federal investigators now say the company failed to provide workers with proper training. According to the department, the worker's amputation — reported by the company in December 2022 — occurred as they were attempting to reassemble a pump. In total, OSHA is accusing Hostess Brands of seven violations of federal safety standards, proposing civil penalties of just over $298,000. Hostess Brands employs about 3,000 people and reported revenues of more than $345 million in the first quarter of 2023.

Persons: —, Sukhvir Kaur Organizations: Hostess Brands, Labor Department, Federal, Service, US Department of Labor, Safety, Health Administration, OSHA Locations: Chicago

The agreement, disclosed in court papers filed late on Friday, still requires the approval of the federal judge overseeing the litigation. To make certain that U.S. customer assets do not go offshore, the agreement allows only Binance.US employees access to these assets. The SEC said in a statement released on Saturday that the emergency relief order secured for Binance.US customers will protect their assets and ensure that they can continue to withdraw those assets. "Given that Changpeng Zhao and Binance have control of the platforms' customers' assets and have been able to commingle customer assets or divert customer assets as they please ... these prohibitions are essential to protecting investor assets," Gurbir Grewal, director of the SEC's enforcement division, said in the statement. The U.S. affiliate of Binance halted dollar deposits last week and gave customers a deadline of June 13 to withdraw their dollar funds, after SEC asked a court to freeze its assets.

Persons: Binance, Changpeng Zhao, Binance.US, Zhao, Gurbir Grewal, Baranjot Kaur, Akanksha, Jose Joseph, Will Dunham, Stephen Coates, Louise Heavens Organizations: U.S . Securities, Exchange Commission, SEC, Binance Holdings, Services, U.S, Thomson Locations: United States, Bengaluru

☆ 'American Sikh:' How a turbaned Captain America shatters stereotypes
▼ + stars: | 2023-06-17 | by ( Harmeet Kaur | ) edition.cnn.com time to read: +10 min

In 2013, a photographer convinced the cartoonist to don a Captain America costume for a shoot on the streets of New York. Something about a Sikh Captain America seemed to resonate with people. He wants others to see Sikh Captain America as just AmericanIn summer 2011, Singh saw a promotional poster for “Captain America: The First Avenger” that sparked an idea. “I never fathomed that a 10-year-old White kid would connect to a turban and bearded Captain America,” Singh said. Singh’s Sikh Captain America subverted typical ideas of patriotism – instead of fighting Nazi agent Red Skull and other members of the Axis Powers, Sikh Captain America would fight hate crimes and intolerance in the US.

Persons: America, Chris Evans, Vishavjit Singh, Singh, ” Singh, Ryan Westra, Whoopi Goldberg, Indira Gandhi, Gandhi, “, ”, –, Osama bin Laden, Mark Fiore, White, Joe Simon, Jack Kirby, Red, Drew Heskett, Westra, Beard, ” “, ” Westra, they’ve, heartening, – Singh, “ Osama ” Organizations: CNN, Police, Tribeca, Sikh, Captain America, New York Comic Con, Nazi, America Locations: United States, New York, New Delhi, India, California, East Coast, Nazi Germany, America

☆ Binance, SEC agree to allow only US employees to access customer funds
▼ + stars: | 2023-06-17 | by ( ) www.reuters.com time to read: +1 min

June 17 (Reuters) - Binance, Binance.US and the U.S. securities regulator entered into an agreement to ensure that only Binance.US employees could access customer funds in the short term, according to court documents. The proposed agreement comes after the SEC sued Binance, its CEO and founder Changpeng Zhao and Binance.US's operator last week, in a dramatic escalation of a crackdown on the industry by U.S. regulators. Binance.US and SEC did not immediately respond to Reuters' request for comment. The U.S. affiliate of Binance halted dollar deposits last week and gave customers until June 13 to withdraw their dollar funds, after SEC asked a court to freeze its assets. Other provisions in the proposed agreement will see Binance.US create new crypto wallets that the global exchange's employees have no access to, provide additional information to the SEC and agree to an expedited discovery schedule, the filings said.

Persons: Binance, Changpeng Zhao, Binance.US, Baranjot Kaur, Stephen Coates, Louise Heavens Organizations: Binance Holdings, Services, SEC, Reuters, U.S, Thomson Locations: Bengaluru

☆ Binance, SEC strike deal to move all US customer funds, wallet keys back onshore - CoinDesk
▼ + stars: | 2023-06-17 | by ( ) www.reuters.com time to read: +1 min

June 17 (Reuters) - Binance, Binance.US and the U.S. securities regulator announced a deal to ensure that only Binance.US employees could access customer funds in the short term, CoinDesk reported on Saturday, citing a proposed agreement. The proposed agreement comes after the SEC sued Binance, its CEO and founder Changpeng Zhao and Binance.US's operator last week, in a dramatic escalation of a crackdown on the industry by U.S. regulators. The SEC also sued major U.S. exchange Coinbase (COIN.O) after that. Binance.US and SEC did not immediately respond to Reuters' request for comment. The U.S. affiliate of Binance halted dollar deposits last week and gave customers until June 13 to withdraw their dollar funds, after SEC asked a court to freeze its assets.

Persons: CoinDesk, Binance, Changpeng Zhao, Binance.US, Baranjot Kaur, Stephen Coates, Louise Heavens Organizations: Binance Holdings, Services, SEC, Reuters, U.S, Thomson Locations: Bengaluru

The department said its investigation found that the Hostess could have prevented the amputation injury a 29-year-old worker suffered while reassembling a pump at a company facility in Chicago. The investigation was launched after the company, which makes popular snacks like Twinkies, Ding Dongs and Donettes, reported the injury to the Labor Department. A Hostess spokesperson said on Friday that the company was reviewing the Labor Department's allegations, but declined to comment further on "pending investigations." The Labor Department has alleged that Hostess "failed to make sure shafts, sprockets and moving parts on equipment ... had required guarding in place to protect workers from contact with pinch points and moving parts." The company has 15 business days to comply, request an informal conference, or contest the Labor Department findings.

Persons: Ding Dongs, Sukhvir Kaur, Ismail Shakil, Kathrine Jackson, Aurora Ellis Organizations: U.S . Labor Department, Hostess Brands, Labor Department, Labor, Safety, Health Administration, Employers, OSHA, Thomson Locations: Chicago, Ottawa, Washington

☆ Thousands of Brides in India Are Abandoned by Husbands Overseas
▼ + stars: | 2023-06-13 | by ( Sameer Yasir | ) www.nytimes.com time to read: +1 min

The situation, they said, often plays out like this: Parents arrange to marry their daughter off to a returning Indian. They pay a dowry, a practice long banned in India but still common. The husband flies out, and the wife waits for a visa while living with her in-laws. In a number of cases, men have used dowry money to pay immigration agents to land in wealthy countries like Canada, where Sikhs make up about 2 percent of the population. “The boys come, they enjoy, and leave with the dowry money,” Mr. Garg said.

Persons: Kaur, ”, Rakesh Kumar Garg, ” Mr, Garg Locations: India, Canada, Punjab

☆ What the chaos at Twitter means for the future of social movements
▼ + stars: | 2023-06-11 | by ( Harmeet Kaur | ) edition.cnn.com time to read: +11 min

CNN —When thousands of Egyptians marched through the streets during the Arab Spring of 2011, they had a tool at their disposal that earlier social movements didn’t: Twitter. Peter Macdiarmid/Getty Images“You can’t underestimate the impact of Twitter to social movements,” Amara Enyia, manager of policy and research for the Movement for Black Lives, told CNN. “There are now issues in how people see Twitter as a source of information and a source of political community,” said Kuo, whose research focuses on race, social movements and digital technologies. “It isn’t seen in the same way anymore.”Elon Musk's controversial policy changes at Twitter could have implications for social movements, some activists say. Twitter has been an incredibly powerful tool for social movements, Enyia said.

Persons: Michael Brown, George Floyd, Harvey Weinstein, Peter Macdiarmid, ” Amara Enyia, Elon Musk, wouldn’t, Rachel Kuo, ”, Kuo, ” Elon, Carina Johansen, NTB, Musk, Sarah Aoun, Aoun, Donald Trump, Marjorie Taylor Greene, ” Aoun, Linda Yaccarino, Rich Wallace, Wallace, Chandan Khanna, we’ve, ” Kuo, Enyia, it’s, Jack Dorsey, Richard Drew, –, ” Enyia, don’t Organizations: CNN, Twitter, Occupy, Hollywood, Movement, Elon, University of Illinois, Getty, Intelligence, Protesters, Center, Defamation League, GOP, Equity, AP Locations: New York, Ferguson , Missouri, Cairo, Egypt, Urbana, Champaign, AFP, cybersecurity, Tahrir, Chicago

☆ ‘Never Have I Ever’ star Maitreyi Ramakrishnan jokes Mindy Kaling has ‘spoiled’ Hollywood for her
▼ + stars: | 2023-06-09 | by ( Harmeet Kaur | ) edition.cnn.com time to read: +7 min

CNN —Maitreyi Ramakrishnan was a high school student who had never acted professionally when in 2019, she responded to an open casting call from Mindy Kaling for a TV series about an Indian American teenager. That’s one thing I don’t think I’ll ever comprehend: This was my first opportunity? I couldn’t ask for a better boss than Mindy Kaling. Mindy Kaling screwed me over. The first Tamil person I knew on TV was Mindy (Kaling) in “The Mindy Project.” That was probably the first South Asian person I saw on TV.

Persons: Maitreyi Ramakrishnan, Mindy Kaling, Ramakrishnan, Devi Vishwakumar, Priya Mangal, Lizzie Bennet, “, ”, Devi, She’s, Kulkarni, I’ve, hasn’t, That’s, Kamala, Harry Potter, Patil, Harry, Ron, Hermione, Yule, –, Hermione Granger, we’re, ” That’s, ” What’s, What’s Organizations: CNN, Netflix, “, South Locations: American, South Asian, Canada

☆ Samuel Fosso, known for his iconic self-portraits of famous figures, wins prestigious photography prize
▼ + stars: | 2023-06-07 | by ( Maheshpreet Kaur Narula | ) edition.cnn.com time to read: +4 min

These faces aren’t from history books – they are self-portraits of renowned photographer Samuel Fosso, and they have earned him this year’s Deutsche Börse Photography Foundation Prize. A jury then awards one artist a £30,000 ($37,000) prize for their significant contributions to contemporary photography. Samuel Fosso strikes the iconic pose of Olympian Tommie Smith in this photograph from the 2008 series "African Spirits." Samuel Fosso/Courtesy JM Patras, Paris“It’s never evident, what Black people suffered for independence or during slavery,” said Fosso. And yet he was still surprised to receive a call announcing he’s won this year’s Deutsche Börse Photography Foundation Prize.

Persons: Samuel Fosso, Maison, ”, ” Fosso, Martin Luther King, Jr, Shoair Mavlian, “, He’s, Prince Nico Mbarga, Tati, –, Fosso, Kwame Nkrumah, Malcolm X, Muhammad Ali, Angela Davis, Tommie Smith, Paris “ It’s, Fondation Louis Vuitton, he’s, they’ve, ” Samuel Fosso’s Organizations: CNN, Börse, ’, Central African, Guggenheim, Fondation Louis, Tate Locations: London, Europe, Nigerian, Paris, Cameroon, Nigeria, Biafra, Central African Republic, Ghana’s, New York

☆ ‘Never Have I Ever’ comes to an end. Its stars reflect on what made the show so special
▼ + stars: | 2023-06-07 | by ( Harmeet Kaur | ) edition.cnn.com time to read: +9 min

For one, she wasn’t the only South Asian person there. For another, she and her fellow South Asian castmates Maitreyi Ramakrishnan and Poorna Jagannathan were the leads of the show. “From that day forward, every day that I was on set until the last day we wrapped up season four, that realization hit me every single day,” Moorjani said in a Zoom call. And as the beloved show comes to an end, its stars are reflecting back on its legacy. That she is the lead of the show is in itself significant for South Asian representation.

Persons: Richa Moorjani, ”, Poorna Jagannathan, Devi, Kamala, ” Moorjani, Mindy Kaling, Lang Fisher, she’s, ” Ramakrishnan, “, There’s Nirmala, Ranjita, Megan Suri, That’s, it’s, Jagannathan, ” “, subtler, Nalini, Mohan, ” Jagannathan, I’ve, you’re, “ It’s, Kaling’s Organizations: CNN, Netflix, Princeton, Variety Locations: United States, Devi, Indian, Hollywood, Sherman Oaks , California, American, India

☆ US banks could face 20% hike to capital requirements - WSJ
▼ + stars: | 2023-06-05 | by ( ) www.reuters.com time to read: +1 min

June 5 (Reuters) - U.S. regulators are preparing to tighten rules for large banks, which could raise their capital requirements by 20% on average, the Wall Street Journal reported on Monday, to boost the financial system's resilience after a spate of midsize bank failures this year. Regulators are on track to propose the changes as early as this month, the WSJ reported, citing people familiar with the matter. Fed Vice Chair for Supervision Michael Barr said the central bank was "carefully considering" rule changes for larger regional banks. The WSJ said that the precise amount of capital requirements will depend on the bank's business, with U.S. megabanks with big trading businesses expected to face the largest increases. Banks such as Morgan Stanley (MS.N) and credit card giant American Express (AXP.N) that are heavily dependent on fee income, such as from investment banking or wealth management, could also face large capital increases, the WSJ said.

Persons: Michael Barr, Banks, Morgan Stanley, Baranjot Kaur, Savio D'Souza Organizations: Wall Street, Regulators, WSJ, U.S, U.S . Federal, Congress, American, American Express, Reuters, Thomson Locations: U.S, U.S ., Bengaluru

☆ How the costumes of ‘American Born Chinese’ straddle fantasy and reality
▼ + stars: | 2023-05-27 | by ( Harmeet Kaur | ) edition.cnn.com time to read: +6 min

CNN —“American Born Chinese,” the new Disney+ show based on Gene Luen Yang’s graphic novel of the same name, transports viewers to two distinct realms: Heaven, via iconic Chinese mythology, and Earth, via an American high school. The first centers on Jin Wang (Ben Wang), a Chinese American teenager at a mostly White high school. One of the storylines of "American Born Chinese" is rooted in classic Chinese mythology. But having so much Chinese and Chinese American representation on screen and behind the scenes proved immensely helpful. Sally Woo, a Chinese American costumer on the show, told Cretton stories about the Monkey King she heard from her mother and grandmother, and shared other media adaptations of “Journey to the West” for inspiration.

Persons: CNN —, Gene Luen, Joy Cretton, You’re, Jin Wang, Ben Wang, Jin, Wei, Chen, Jimmy Liu, Carlos Lopez, Disney Wei, Cretton, Sun Wukong, Daniel Wu, –, ”, Huy Quan, Freddy Wong, Cretton –, Maui –, Sally Woo, King, “, ” Cretton, Kelvin Yu, Bull, – Cretton, Phillip Lim, Prabal Gurung, Sun, Michelle Yeoh, Mercy, Lim, Yeoh Organizations: CNN, CNN — “, Disney, “, diamante Locations: United States, American, Disney, Chinatown, Los Angeles, California, Maui, Heaven

May 19 (Reuters) - Auction house Sotheby's announced Friday seven non-fungible tokens from bankrupt cryptocurrency hedge fund Three Arrows Capital sold for about $2.5 million. The auction was part of liquidating Three Arrows, according to a February memo from Teneo, one of the court-appointed liquidators. Singapore-based Three Arrows was the first major crypto firm to go bankrupt in 2022, brought down by the collapse of cryptocurrencies Luna and TerraUSD. Non-fungible tokens (NFTs) are a blockchain-based asset that represents ownership of a digital item, such as an image, video or piece of text. The market for NFTs exploded in 2021, and auction houses including Sotheby’s and Christie’s joined the craze.

☆ Chief Standing Bear is honored on a USPS Forever stamp
▼ + stars: | 2023-05-16 | by ( Harmeet Kaur | ) edition.cnn.com time to read: +4 min

The stamp, which features a portrait of Chief Standing Bear by illustrator Thomas Blackshear II, was unveiled last week at a ceremony in Lincoln, Nebraska. “I hope this stamp will serve as a reminder of the lessons we’ve learned from Chief Standing Bear, and the brave Ponca people, especially here in the Cornhusker State.”Chief Standing Bear was a leader of the Ponca people in the late 1800s. An archival photo of Chief Standing Bear, a leader of the Ponca people in the late 1800s. In 1879, a newspaper editor interviewed Chief Standing Bear while in detention, and the story of his plight gained national attention, according to the Oklahoma Historical Society. In a speech before the court, Chief Standing Bear said through an interpreter, “That hand is not the color of yours, but if I pierce it, I shall feel pain.

☆ BlackRock CEO Fink trains successors, with no imminent plan to retire -WSJ
▼ + stars: | 2023-05-13 | by ( ) www.reuters.com time to read: +1 min

May 13 (Reuters) - BlackRock Inc (BLK.N) Chief Executive Officer Larry Fink has been preparing five key leaders to take his role whenever he decides to step down in the future, the Wall Street Journal reported on Saturday. Though Fink has no imminent plans to retire, he along with President Robert Kapito has been training these candidates for "The Great Race" - to choose the successor - in what Fink calls is the "No. Fink told the newspaper he hoped to build camaraderie among the five, and not competition, so they will keep working together. BlackRock said it plans no major changes to the way it engages with companies. Reporting by Baranjot Kaur in Bengaluru; Editing by David GregorioOur Standards: The Thomson Reuters Trust Principles.

☆ Capita warns some pensions data likely taken in cyber attack -FT
▼ + stars: | 2023-05-04 | by ( ) www.reuters.com time to read: +1 min

May 4 (Reuters) - British outsourcing company Capita (CPI.L) has confirmed to pension clients that some data it processed was likely to have been hacked during a recent cyber incident, the Financial Times reported on Thursday. A large team of staff at Capita had searched the affected servers and identified that some pensions data that Capita processes on behalf of its clients "is likely to have been exfiltrated", the newspaper reported, citing correspondence sent to trustees. "Capita is working closely with specialist advisers and forensic experts in investigating the incident to provide assurance around any potential customer, supplier or colleague data exfiltration," a company spokesperson said in a statement to Reuters. Among its clients, the company provides the British government with services to connect with citizens including managing tax and I.T. The report added that there was "no evidence" that Capita pensions data was available on the dark web and that it had a third-party specialist checking on a regular basis.

☆ Vice Media preparing to file for bankruptcy - NYT
▼ + stars: | 2023-05-02 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Mike SegarMay 1 (Reuters) - Vice Media Group, the company behind popular media websites such as Vice and Motherboard, is preparing to file for bankruptcy, the New York Times reported on Monday, citing people with knowledge of its operations. "Vice Media Group has been engaged in a comprehensive evaluation of strategic alternatives and planning. Last week, Vice Media said it will cancel popular TV program "Vice News Tonight" as part of a broader restructuring that will result in job cuts across the digital media firm's global news business, capping years of financial difficulties and top-executive departures. Vice Media was among a group of fast-rising digital media ventures that once commanded rich valuations, as they courted millennial audiences. It rose to prominence alongside its provocative co-founder, Shane Smith, who built his media empire from a single Canadian magazine.

☆ Astellas Pharma buys Iveric Bio for $5.9 billion
▼ + stars: | 2023-05-01 | by ( ) www.reuters.com time to read: +1 min

May 1 (Reuters) - Japan's Astellas Pharma (4503.T) said on Monday it agreed to buy U.S.-based drugmaker IVERIC Bio Inc for about $5.9 billion in its biggest acquisition, giving it access to a range of ophthalmology treatments. Through Berry Merger Sub Inc, a wholly-owned subsidiary of Astellas U.S. Holding, the Japanese company agreed to acquire IVERIC for $40 per share in cash, Astellas said in a release. The acquisition price is a 22% premium to IVERIC's $32.89 closing price on April 28. Prior to that, its biggest ever acquisition was its $3.8 billion purchase of OSI Pharmaceuticals Inc in 2010. Reporting by Baranjot Kaur in Bengaluru; Editing by Kim CoghillOur Standards: The Thomson Reuters Trust Principles.

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