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Senator Bob Menendez (D-NJ) speaks to reporters while on his way to a vote following a Senate Democratic caucus meeting on Capitol Hill in Washington, U.S., September 28, 2023. Senator Bob Menendez on Thursday brought a new criminal charge against him that he conspired to act as a foreign agent for the Egyptian government. Prosecutors have said that co-defendant Hana arranged meetings between the senator and Egyptian officials, who pressed him to sign off on military aid. In return, the businessman put Nadine Menendez on the payroll of a company he controlled. The new indictment said both Hana and Nadine Menendez communicated requests and directives from Egyptian officials to the senator.

Persons: Bob Menendez, Craig Hudson, Menendez, Nadine Menendez, Nadine, Wael Hana, Jose Uribe, Fred Daibes, Hana, Lawrence Lustberg, Nate Raymond, Kanishka Singh, Susan Heavey, Mark Porter, Lisa Shumaker, Grant McCool Organizations: Democratic, Capitol, REUTERS, Prosecutors, U.S, New, New Jersey Democrat, Senate Foreign Relations, U.S . Department of Justice, Foreign, Thomson Locations: Washington , U.S, New Jersey, New York, Jersey, Egypt's, Washington, United States, Egypt, Boston

Several Republicans said they would stick with rival Jim Jordan, who lost to Scalise in a secret-ballot vote on Wednesday. As they came and went from a closed-door meeting, Republicans appeared no closer to breaking the impasse. 'AT A STANDSTILL'Jordan has encouraged his supporters to vote for Scalise, according to a source who spoke on condition of anonymity. Democrats have backed their leader, Hakeem Jeffries, in past speaker votes and are expected to do so again. Trump in an interview with Fox News Radio on Thursday said he did not object to Scalise as speaker.

Persons: Steve Scalise, Scalise, Kevin McCarthy, Scalise's, Jim Jordan, McCarthy, Nicole Malliotakis, Xi, Michael McCaul, Jordan, Marjorie Taylor Greene, Hakeem Jeffries, Donald Trump, Trump, Steve, he's, Steve Womack, Marjorie Taylor Greene's, David Morgan, Moira Warburton, Richard Cowan, Makini Brice, Costas Pitas, Andy Sullivan, Scott Malone, Lisa Shumaker, Grant McCool Organizations: Republican, U.S . House, Representatives, House Republican Conference, Republicans, Palestinian, Scalise, Democratic, Fox News Radio, Thomson Locations: U.S, WASHINGTON

☆ US must be ready for simultaneous wars with China, Russia, report says
▼ + stars: | 2023-10-12 | by ( Jonathan Landay | ) www.reuters.com time to read: +3 min

The report from the Strategic Posture Commission comes amid tensions with China over Taiwan and other issues and worsening frictions with Russia over its invasion of Ukraine. A senior official involved in the report declined to say if the panel's intelligence briefings showed any Chinese and Russian nuclear weapons cooperation. The report contrasts with U.S. President Joe Biden's position that the current U.S. nuclear arsenal is sufficient to deter the combined forces of Russia and China. "The United States and its allies must be ready to deter and defeat both adversaries simultaneously," the Strategic Posture Commission said. It should also extend the operational lives of ballistic missile submarines and deploy more tactical nuclear weapons in Asia and Europe.

Persons: Ian Dudley, Madelyn, Jon Kyl, Joe Biden's, Jonathan Landay, Lisa Shumaker Organizations: Minuteman, Daylight, Vandenberg Air Force Base, . Air Force, REUTERS, Rights, Democratic, Republican, Thomson Locations: California, U.S, Handout, United States, Russia, China, Taiwan, Ukraine, Russian, Asia, Europe

☆ US Must Be Ready for Simultaneous Wars With China, Russia, Report Says
▼ + stars: | 2023-10-12 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +4 min

By Jonathan LandayWASHINGTON (Reuters) - The United States must prepare for possible simultaneous wars with Russia and China by expanding its conventional forces, strengthening alliances and enhancing its nuclear weapons modernization program, a congressionally appointed bipartisan panel said on Thursday. The report from the Strategic Posture Commission comes amid tensions with China over Taiwan and other issues and worsening frictions with Russia over its invasion of Ukraine. A senior official involved in the report declined to say if the panel's intelligence briefings showed any Chinese and Russian nuclear weapons cooperation. "The United States and its allies must be ready to deter and defeat both adversaries simultaneously," the Strategic Posture Commission said. If such measures are not taken, the United States "will likely" have to increase its reliance on nuclear weapons, the report said.

Persons: Jonathan Landay WASHINGTON, Madelyn, Jon Kyl, Kyl, Joe Biden's, Jonathan Landay, Lisa Shumaker Organizations: Democratic, Republican, Arms Control Association, Pentagon, Columbia Locations: United States, Russia, China, Taiwan, Ukraine, Russian, U.S, Asia, Europe

☆ Blinken says Israeli government shared images of Hamas atrocities
▼ + stars: | 2023-10-12 | by ( Humeyra Pamuk | Thomson Reuters | Humeyra Pamuk Is A Senior Foreign Policy Correspondent Based In Washington Dc. She Covers The U.S. State Department | ) www.reuters.com time to read: +1 min

U.S. Secretary of State Antony Blinken speaks during a press conference, in Tel Aviv, Israel October 12, 2023. It almost defies comprehension," Blinken told a news briefing in Tel Aviv, where he traveled after hundreds of Hamas gunmen poured across the barrier fence and rampaged through Israeli towns on Saturday. He carefully described the disturbing contents of the images he was shown in meetings with Israeli officials earlier on Thursday. The atrocities depicted in the images he had seen "harkens back to ISIS," Blinken said. Reporting by Humeyra Pamuk in Tel Aviv; Writing by Doina Chiacu, Simon Lewis and Daphne Psaledakis in Washington; Editing by Lisa ShumakerOur Standards: The Thomson Reuters Trust Principles.

Persons: Antony Blinken, Jacquelyn Martin, Blinken, Humeyra Pamuk, Doina Chiacu, Simon Lewis, Daphne Psaledakis, Lisa Shumaker Organizations: REUTERS Acquire, ISIS, Thomson Locations: Tel Aviv, Israel, TEL AVIV, Washington

☆ Israel, Hamas at war: Latest Updates
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: +8 min

* The International Committee of the Red Cross said it was in touch with both Hamas and Israel about the hostages. * "There are no wreaths left in Israel anymore," said one of the many volunteers working to prepare funeral flowers for more than 1,200 Israelis killed since Hamas gunmen burst into Israel. [1/6]Israeli soldiers patrol following a mass-infiltration by Hamas gunmen from the Gaza Strip, in Sderot, in southern Israel, October 11, 2023. INTERNATIONAL REACTION* Initial U.S. intelligence reports show that key Iranian leaders were surprised by the unprecedented attacks on Israel by Hamas, according to a source. INSIGHTS/EXPLAINERS* How a secretive Hamas commander masterminded the attack on Israel.

Persons: Israel, Fabrizio Carboni, I'd, Mohammaalal, gravediggers, Violeta Santos Moura, Pope Francis, Antony Blinken, Blinken, Jordan, Mahmoud Abbas, Tayyip Erdogan, Ursula von der Leyen, Mohammed Deif Deifly, Amir YaronYaron, Janet Yellen, I'm, Stephen Farrell, Gerry Doyle, Andrew Cawthorne, Lisa Shumaker, Michael Perry Organizations: Red, Hamas, Israel, Committee, ICRC, REUTERS, Saudi, Big, West Bank, Palestinian, Airlines, Norwegian Air, Dutch KLM, Air, Bank of Israel, . Treasury, Thomson Locations: Gaza, Israel, U.S, Egypt, huddling, U.N, Palestinian, Tel Aviv, Beeri, Sderot, EU, Jerusalem, Air France, Saudi Arabia

In another case, a video showed a billboard in the central Israeli city of Holon displaying images of rockets and a burning Israeli flag. Israeli information security professionals are banding together to provide free cybersecurity services to Israeli companies amid a spike in hacktivist activity sparked by the war in Gaza, volunteers said. Ohad Zaidenberg, an Israeli IT specialist, is leading a group of volunteers to help Israeli companies that are being actively targeted. The organizers of the volunteers are drawing the line on members taking vigilante action against Hamas, said Omri Segev Moyal, the chief executive of the Israeli cybersecurity firm Profero. Moyal, who runs a popular Facebook group for Israeli cybersecurity professionals, said he had already removed a couple of posts calling for digital action against the Palestinian group.

Persons: Brendan McDermid, fatigues, Yossi Appleboum, Appleboum, Zoom didn’t, Ohad, ”, Omri Segev Moyal, Moyal, Profero, “, Raphael Satter, Christopher Bing, James Pearson, Lisa Shumaker Organizations: Palestinian, Hamas, REUTERS, Reuters, Telegram, Thomson Locations: Israel, New York City, U.S, LONDON, Holon, Gaza, Israel's, Israeli, Washington, London

The head of the Israeli military, Lieutenant General Herzi Halevi, said lessons would be drawn from the security failures around Gaza that enabled the attack. Scores of Israeli and foreign hostages were taken back to Gaza; Israel says it has identified 97 of them. Amid international calls for a ceasefire to allow in aid, Israeli Energy Minister Israel Katz said there would be no halt to the siege without freedom for Israeli hostages. The Israeli military said it does not comment on such reports. The Israeli military says it has responded with artillery fire to launches coming from Lebanese territory.

Persons: Abbas, Antony Blinken, Blinken, General Herzi Halevi, Benjamin Netanyahu's, Kan, Cross, Fabrizio Carboni, Israel Katz, Khan Younis, Abu Mustafa, Najib Mikati, Jordan, King Abdullah, Mahmoud Abbas, Fatah, Jerusalem's Mount Herzl, Ibrahim Hamdan, Hamdan, Henriette Chacar, Dedi, Maayan Lubell, Emily Rose, Nidal, Emma Farge, Jeff Mason, Peter Graff, Alexandra Hudson, Alex Richardson, Nick Macfie, Toby Chopra, Lisa Shumaker Organizations: U.S, NATO, Public, International Committee, United Nations, Food Programme, ICRC, Israeli Energy, Israel, United Nations Security, Palestinian Authority, West Bank, Reuters, Thomson Locations: Washington, Egypt, Israel, JERUSALEM, GAZA, TEL AVIV, Gaza, Syria, Damascus, Aleppo, Iran, Lebanese, Jerusalem's Mount, Jerusalem, Geneva

☆ At Least 4 Killed, Nearly 100 Injured as Train Derails in India
▼ + stars: | 2023-10-11 | by ( Oct. | At P.M. | ) www.usnews.com time to read: 1 min

(Reuters) - At least four people were killed and nearly 100 injured as an express train derailed in the Indian state of Bihar on Wednesday, various media reports said. Some coaches of North-East Express train, which runs from Delhi to Assam derailed at the Raghunathpur railway station in Bihar's Buxar district around 4:05 p.m. GMT on Wednesday, the reports said. Due to the accident, movement on both up and down tracks have been disrupted, leading to diversion of several passenger and goods trains, reports added. (Reporting by Shivani Tanna in Bengaluru; Editing by Leslie Adler and Lisa Shumaker)

Persons: Shivani Tanna, Leslie Adler, Lisa Shumaker Organizations: Reuters, East Express Locations: Indian, Bihar, Delhi, Assam, Raghunathpur, Bihar's Buxar, Bengaluru

☆ Israel, Hamas at war: Live updates
▼ + stars: | 2023-10-11 | by ( ) www.reuters.com time to read: +6 min

Oct 11 (Reuters) - Israel has formed an emergency unity government, with Prime Minister Benjamin Netanyahu sitting in a war cabinet with centrist former defence minister Benny Gantz. * Hamas militants holding Israeli soldiers and civilians hostage have threatened to execute a captive for each home in Gaza hit without warning. * "There are no wreaths left in Israel anymore," said one of the many volunteers working to prepare funeral flowers for more than 1,200 Israelis killed since Hamas gunmen burst into Israel. [1/9]Israeli soldiers patrol following a mass-infiltration by Hamas gunmen from the Gaza Strip, in Sderot, in southern Israel, October 11, 2023. INSIGHTS/EXPLAINERS* How a secretive Hamas commander masterminded the attack on Israel.

Persons: Benjamin Netanyahu, Benny Gantz, I'd, Mohammad al Najjar, gravediggers, Violeta Santos Moura, Pope Francis, Israel, Antony Blinken, Tayyip Erdogan, Ursula von der Leyen, Mohammed Deif, Biden, Amir Yaron, Janet Yellen, I'm, Stephen Farrell, Gerry Doyle, Andrew Cawthorne, Lisa Shumaker, Michael Perry Organizations: Hamas, ICRC, REUTERS, Big, Saudi, Bank of Israel, . Treasury, Thomson Locations: Israel, Gaza, huddling, U.N, Egypt, Palestinian, Tel Aviv, Beeri, Sderot, EU, Jerusalem, Saudi Arabia

☆ Israel, Hamas at War: Live Updates
▼ + stars: | 2023-10-11 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +5 min

CONFLICT* Addressing American Jewish community leaders at the White House, U.S. President Joe Biden called the Hamas attack on Israel "the deadliest day for Jews since the Holocaust." * The UN Security Council will meet on Israel, Gaza on Friday. INSIGHTS/EXPLAINERS* How a secretive Hamas commander masterminded the attack on Israel. The fighting between Israel and Hamas is the latest in seven decades of war and conflict. INTERNATIONAL REACTION* Initial U.S. intelligence reports show that key Iranian leaders were surprised by the unprecedented attacks on Israel by Hamas, according to a source.

Persons: Benjamin Netanyahu, Benny Gantz, Joe Biden, Antony Blinken, I'd, Mohammad al Najjar, gravediggers, Mohammed Deif, Pope Francis, Israel, Amir Yaron, Janet Yellen, I'm, Stephen Farrell, Gerry Doyle, Andrew Cawthorne, Lisa Shumaker, Michael Perry Organizations: Reuters, Hamas, Jewish, White House, UN Security, Big, Saudi, Bank of Israel, . Treasury Locations: Israel, Gaza, Egypt, Tel Aviv, Beeri, Saudi Arabia

☆ Eric Clapton and Kurt Cobain guitars could fetch up to $2 million each at auction
▼ + stars: | 2023-10-11 | by ( Rollo Ross | ) www.reuters.com time to read: +2 min

Oct 10 (Reuters) - Two iconic guitars played by Eric Clapton and Nirvana's Kurt Cobain could each fetch $1 million to $2 million when they go up for auction in November. The Beatles' George Harrison gave it to Clapton after his guitar was stolen. The other guitar, also estimated between $1 million and $2 million, is Kurt Cobain's guitar, the "SkyStang I", which Cobain played during his final public performance on Nirvana's "In Utero" concert tour. The auction also features items belonging to Cobain, including his cardigan, jeans, and a pack of cigarettes, all of which he left behind at rehab. There are over 1,000 items going up for auction at Nashville's Hard Rock Cafe between Nov. 16-18 at the "Played, Worn & Torn: Rock 'n' Roll Iconic Guitars and Memorabilia" event.

Persons: Eric Clapton, Nirvana's Kurt Cobain, Clapton's, George Harrison, Clapton, Martin Nolan, Layla, Kurt Cobain's, Cobain, Kurt, Nolan, Martin, cardigan, Nirvana, Amy Winehouse's bustier, Elvis Presley, Frank Zappa, Rollo Ross, Remi Acosta, Lisa Shumaker, Michael Perry Organizations: Julien's, Hall of Fame, Fender, Seattle, Brit, Thomson Locations: Los Angeles

Donations purchased by a Brooklyn synagogue community to aid military and humanitarian relief efforts in Israel are seen being loaded into a car in Brooklyn, New York, U.S. October 10, 2023. Some 5.8 million Jews live in the United States, according to the Pew Research Center. While there is no sign that Israel is short on basic supplies like granola bars, the donations underscore the concern and connection Jews in the United States feel toward Israel. Elan Kornblum, the Brooklyn-based head of Great Kosher Restaurants Foodies, has turned his company's Facebook page of 91,000 members - who usually discuss favorite kosher restaurants - into a forum for coordinating Israel aid efforts. Legacy aid organizations have also leapt to raise money for lifesaving support in Israel and the Palestinian territories in the wake of the attack.

Persons: Rabbi Jonathan Leener, Jonathan Leener, Leener, Yuri Milner, Mike Bloomberg, Magen David Adom, Elan Kornblum, Kornblum, Chayal el, Mordy Botnick, Botnick, el Chayal, Gabriella Borter, Paul Thomasch, Lisa Shumaker Organizations: REUTERS Acquire, Israel Defense Forces, Pew Research Center, Billionaire, Jewish Agency for, Facebook, Newark Liberty International, IDF, Palestine Children's Relief, International Committee, Thomson Locations: Brooklyn, Israel, Brooklyn , New York, U.S, Handout, United States, Jewish Agency for Israel, New York City, Palestine, Gaza, Washington

REUTERS/Fabrizio Bensch/File Photo Acquire Licensing RightsNEW YORK, Oct 10 (Reuters) - German premium footwear maker Birkenstock Holding (BIRK.N) priced its U.S. initial public offering (IPO) at the middle of its indicated price range at $46 per share, the company said on Tuesday. While shares of Arm and Klaviyo still trade above their IPO price, Instacart's stock is now worth less than its IPO value. Birkenstock was founded in 1774 in the German village of Langen-Bergheim by Johannes Birkenstock and his younger brother Johann Adam Birkenstock, who were both shoemakers. After the IPO, L Catterton will hold an 82.8% stake in Birkenstock and control a majority of the combined voting power of its outstanding shares. Birkenstock's shares will start trading on Wednesday on the New York Stock Exchange under the ticker "BIRK".

Persons: Fabrizio Bensch, Birkenstock, Johannes Birkenstock, Johann Adam Birkenstock, Barbie, Margot Robbie, Bernard Arnault, Louis Vuitton Moet Hennessy, Goldman Sachs, JPMorgan Chase, Morgan Stanley, Anirban Sen, Echo Wang, Dimpal Gulwani, Lisa Shumaker Organizations: REUTERS, Birkenstock, underwriters, Arm Holdings, New York Stock Exchange, JPMorgan, Thomson Locations: Berlin, Germany, Langen, French, Birkenstock

☆ Apple updates iPhone 12 software to address France's radiation testing
▼ + stars: | 2023-10-10 | by ( Stephen Nellis | ) www.reuters.com time to read: +2 min

Apple has disputed the findings of French regulators who said that the iPhone 12, which has been on the market for three years, gave off more than permissible amounts of radiation and halted sales of the device. On Tuesday, Apple gave its fullest explanation yet of the discrepancy between France's findings and those in other countries where the iPhone 12 has been approved for sale. In a statement, Apple said that the iPhone 12 is still safe to use even without the software update. "We want all iPhone 12 users to know that iPhone 12 is safe to use and always has been. IPhone 12 was certified to meet applicable worldwide energy transmission regulations and standards when it first shipped in 2020 and no changes have been made since then that would affect energy transmission," Apple said in the statement.

Persons: Apple, iPhones, Chavi Mehta, Sriraj Kalluvila, Lisa Shumaker, Sandra Maler Organizations: Apple, L'Agence Nationale des, Thomson Locations: France, Bengaluru

"The most serious outcome for crude is that the conflict escalates into a more devastating proxy war which could affect crude supply," said Rebecca Babin, senior energy trader at CIBC Private Wealth US. Israel's port of Ashkelon and its oil terminal have been shut in the wake of the conflict, sources said. Goldman Sachs said the conflict reduced the likelihood of normalization of Israel's relations with Saudi Arabia, and the associated boost to Saudi production over time. The conflict is likely to lead to higher volatility and speculation in oil markets, the CEO of Brazil's Petrobras (PETR4.SA) said. High oil price due to the conflict could bolster inflation, analysts said, forcing rate hikes that could dampen demand.

Persons: recouping, Brent, WTI, Israel, Rebecca Babin, Agustin Marcarian, Goldman Sachs, Caroline Bain, Saxo Bank's Ole Hansen, Nicolas Maduro, Arathy Somasekhar, Natalie Grover, Andrew Hayley, Emily Chow, Kirsten Donovan, Lisa Shumaker, David Gregorio Our Organizations: HOUSTON, . West Texas, Reuters Graphics Reuters, Hamas, CIBC Private Wealth, Israel, REUTERS, Saudi, Analysts, Capital Economics, U.S, Petrobras, PETR4, Thomson Locations: Saudi, Israel, Ashkelon, Israel US, Venezuela, Palestinian, Gaza, Saudi Arabia, Washington, Riyadh, Vaca, Patagonian, Neuquen, Argentina, Moscow, U.S, Iran, Russia, Caracas, Mexico, Tel Aviv, Houston, London, Beijing, Singapore

Brent crude was up $3.24, or 3.8%, to $87.85 a barrel by 11 a.m. ET (1500 GMT), while U.S. West Texas Intermediate crude was at $86.19 a barrel, up $3.40 or about 4.1%. Oil rigs are seen at Vaca Muerta shale oil and gas drilling, in the Patagonian province of Neuquen, Argentina January 21, 2019. Analysts suggested the implications of the conflict could include a potential slowdown in Iranian exports, which have grown significantly this year, despite U.S. sanctions. Any production and export disruption would exacerbate supply tightness as most analysts expect markets to be in a deficit in the second half of the year.

Persons: recouping, Brent, WTI, Tudor Pickering, Matt Portillo, Agustin Marcarian, Saxo Bank's Ole Hansen, Caroline Bain, Arathy Somasekhar, Natalie Grover, Andrew Hayley, Emily Chow, Kirsten Donovan, Lisa Shumaker Organizations: U.S, West Texas, Reuters Graphics Reuters, Saturday, REUTERS, Israel, White, Capital Economics, Thomson Locations: Saudi, Israel, HOUSTON, Palestinian, Holt, Gaza, Vaca, Patagonian, Neuquen, Argentina, Saudi Arabia, Washington, Riyadh, Moscow, Russia, U.S, Iran, Houston, London, Beijing, Singapore

Elon Musk attends the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. The agency on Thursday asked a federal court to force Musk to testify for its investigation into his $44 billion takeover of social media giant Twitter, the third time the SEC has taken Musk to court. "This case is different from past forays between the SEC and Elon Musk because it's a subpoena enforcement case. Musk also refused SEC proposals to testify in Texas, where he lives, in October or November, the SEC said. In 2022, a judge ordered Terraform Labs' founder to comply with an SEC subpoena for documents.

Persons: Elon Musk, Patrick Pleul, Musk, Musk's, Stephen Crimmins, Davis Wright Tremaine, Alex Spiro, Howard Fischer, Moses, Moses & Singer, Jay, Spiro, Tesla, Robert Frenchman, Mukasey Frenchman, Chris Prentice, Michelle Price, Lisa Shumaker Organizations: WASHINGTON, U.S . Securities, Exchange Commission, SEC, Twitter, Elon, Moses &, Terraform Labs, Reuters, Thomson Locations: Gruenheide, Germany, videoconference, San Francisco, Texas

☆ Attack on Israel boosts appeal of gold, safe-haven assets
▼ + stars: | 2023-10-09 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Amir Cohen Acquire Licensing RightsNEW YORK, Oct 8 (Reuters) - The violence in Israel that erupted this weekend is prompting a move into safe-haven assets as investors closely watch events in the Middle East to gauge the geopolitical risk to markets. Gunmen from the Palestinian group Hamas entered Israel in an unprecedented attack on Saturday. Western countries, led by the United States, denounced the attack and pledged support for Israel. Rising geopolitical risk would see buying in assets like gold and the dollar , and boost demand for U.S. Treasuries, which have been sold off aggressively, analysts said over the weekend. "It seems Wall Street has a new geopolitical risk after Israel declared war with Hamas," said Edward Moya, senior market analyst at Oanda in New York.

Persons: Amir Cohen, Treasuries, Peter Cardillo, Cardillo, Stocks, Israel, Edward Moya, Brian Jacobsen, Iran’s, Jacobsen, " Jacobsen, David Kotok, Kevin McCarthy, Kotok, Megan Davies, Lisa Shumaker, Mark Porter, Schmollinger Organizations: REUTERS, Gunmen, Hamas, Israel, U.S, Spartan Capital Securities, U.S ., Analysts, Annex Wealth Management, Cumberland Advisors, Republicans, Representatives Locations: Gaza, Ashkelon, Israel, United States, Asia, New York, Iran, U.S, Saudi Arabia, Washington, Sarasota , Florida

☆ 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

☆ Factbox-Iran Prisoner Swap for $6 Billion in Spotlight After Hamas Attacks Israel
▼ + stars: | 2023-10-09 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +3 min

U.S. Secretary of State Antony Blinken said on Sunday that Iran has not yet been able to spend a single dollar of the $6 billion in funds that were unfrozen in a U.S.-Iran prisoner swap in September. WHAT WAS THE IRAN PRISONER SWAP DEAL? Five U.S. citizens detained by Tehran were allowed to leave the country in exchange for the transfer of $6 billion in Iranian funds that had been frozen in South Korea. The $6 billion was Iranian money that had been frozen in South Korean banks. Under the terms of the Iran prisoner deal, the money can only be used for humanitarian-related purposes, including purchasing food or other goods outside Iran for import, U.S. officials said.

Persons: Antony Blinken, Blinken, there’s, Joe Biden, Donald Trump, CNN's, Brian Nelson, we've, Nikki Haley, Heather Timmons, Idrees Ali, Lisa Shumaker Organizations: WASHINGTON, Israel, After Washington, State Department, South, Republican, Reuters Locations: Iran, U.S, IRAN, Tehran, South Korea, United States, After, Seoul, Doha, Israel, South Carolina

☆ Sam Bankman-Fried's fraud trial: How Judge Lewis Kaplan has presided in FTX case
▼ + stars: | 2023-10-09 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +4 min

[1/2] U.S. District Judge Lewis Kaplan presides over the fraud trial of Sam Bankman-Fried over the collapse of FTX, the bankrupt cryptocurrency exchange, at Federal Court in New York City, U.S., October 3, 2023 in this courtroom sketch. Last year, he presided over a civil trial in which the actor Kevin Spacey defeated a sexual abuse claim. When one prospective juror said they did not understand how cryptocurrency works, Kaplan said, "You probably have a lot of company in this courtroom." Several times during the first three days of testimony, Kaplan urged defense lawyers to move more quickly as they asked prosecution witnesses questions he deemed repetitive. Before the trial began, Kaplan issued several key rulings against the defense, including excluding some of their proposed expert witnesses and barring them from making certain arguments at trial.

Persons: District Judge Lewis Kaplan, Sam Bankman, Jane Rosenberg, District Judge Lewis, levity, Kaplan, Fried, Bill Clinton, Donald Trump, Jean Carroll, Kevin Spacey, Tom Brady, David Lisner, Matt Huang, You've, Caroline Ellison's, Luc Cohen, Amy Stevens, Lisa Shumaker Organizations: U.S, District, Federal Court, REUTERS, Harvard Law School, New, Thomson Locations: FTX, New York City, U.S, Manhattan, Staten, New York

☆ Iran prisoner swap for $6 billion in spotlight after Hamas attacks Israel
▼ + stars: | 2023-10-09 | by ( ) www.reuters.com time to read: +4 min

Persons: Amir Cohen, Antony Blinken, Blinken, there’s, Joe Biden, Donald Trump, CNN's, Brian Nelson, we've, Nikki Haley, Heather Timmons, Idrees Ali, Lisa Shumaker Organizations: REUTERS, Rights, Israel, After Washington, State Department, South, Republican, Reuters, Thomson Locations: Gaza, Ashkelon, Israel, Iran, U.S, IRAN, Tehran, South Korea, United States, After, Seoul, Doha, South Carolina

☆ 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

LONDON, Oct 8 (Reuters) - Embattled British bank Metro (MTRO.L) announced a 325 million pound ($396.5 million) capital raise and 600 million pound debt refinancing on Sunday, after a weekend of urgent talks to bolster its balance sheet after a volatile week of trading. Metro Bank had sought to shore up its finances after a string of setbacks in recent years, including accounting errors, leadership departures and delayed regulatory approval for key capital reliefs. The equity raise was led by Metro's largest shareholder, Gilinski-owned Spaldy Investments, which contributed 102 million pounds. The Bank of England's Prudential Regulation Authority said in a statement: "The Prudential Regulation Authority welcomes the steps taken by Metro Bank to strengthen its capital position." Reuters reported on Friday that Metro Bank was set to discuss funding options with its shareholders over the weekend, after a proposal from bondholders earlier in the week was seen as handing over too much control.

Persons: Jaime Gilinski, Gilinski, Iain Withers, Anousha, Huw Jones, Pablo Mayo Cerquerio, Londo, Lavanya, Lisa Shumaker Organizations: Metro, Metro Bank, Metro's, Spaldy Investments, of England's Prudential, Authority, Prudential, HSBC, Lloyds, Reuters, Thomson Locations: Colombian, London, Bengaluru

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