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☆ EY Lays Out U.S. Governance Overhauls After Failed Split
▼ + stars: | 2023-11-06 | by ( Mark Maurer | Alexander Saeedy | ) www.wsj.com time to read: 1 min

Ernst & Young’s global executive board is preparing to vote on a successor to Carmine Di Sibio, the global chairman and chief executive, in coming weeks. Photo: tolga akmen/Agence France-Presse/Getty ImagesErnst & Young is stepping up its U.S. governance overhaul efforts, a bid to give partners there a greater voice in firm strategy, following the failed separation of its audit and advisory businesses earlier this year. The proposal comes as the Big Four accounting firm continues to work to untangle the mess left by its decision in April to scrap plans to split auditing and consulting into two different firms. EY spent $600 million and more than a year working on the split.

Persons: Ernst, Carmine Di Sibio, tolga, Young, EY Organizations: Agence France, Getty, Ernst, Big

☆ Barclays sees Fed raising rate in January instead of December
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +1 min

[1/2] An eagle tops the U.S. Federal Reserve building's facade in Washington, July 31, 2013. REUTERS/Jonathan Ernst/File Photo Acquire Licensing RightsNov 5 (Reuters) - Barclays said it now expects the U.S. Federal Reserve to deliver a 25 basis point interest rate increase in January instead of an earlier expectation for a December hike. The brokerage cited softer-than-expected October employment data and dovish Fed commentary for the forecast push to next year. The Labor Department's closely watched employment report on Friday showed that the unemployment rate rose to 3.9% last month, the highest level since January 2022, from 3.8% in September. Reporting by Roshan Abraham in Bengaluru; Editing by Subhranshu SahuOur Standards: The Thomson Reuters Trust Principles.

Persons: Jonathan Ernst, Roshan Abraham, Subhranshu Sahu Organizations: . Federal, REUTERS, Barclays, U.S . Federal Reserve, Labor, Thomson Locations: Washington, Bengaluru

Secretary of State Antony Blinken discussed efforts to expand aid to Gaza with his Turkish counterpart. Blinken has been on a regional tour of the Middle East as the U.S. faces pressure to secure a pause in fighting amid the Israel-Hamas conflict. Photo: Jonathan Ernst/Pool/AFP/GettyThe U.S. is dialing up pressure on Israel to ease its intense bombardment of the Gaza Strip, deploying a wave of top diplomats to the Middle East in recent days, even without the release of hostages taken by Hamas, which Israel has set as the condition for any pause in its military operations. President Biden, in a phone call Monday with Prime Minister Benjamin Netanyahu , urged the Israeli leader to declare a humanitarian pause, White House National Security Council spokesman John Kirby said.

Persons: Antony Blinken, Blinken, Jonathan Ernst, Biden, Benjamin Netanyahu, John Kirby Organizations: Turkish, Getty, White, National Security Locations: Gaza, U.S, Israel

GAZA, Nov 6 (Reuters) - Having rebuffed calls for a ceasefire, Israel was set to come under sustained pressure on Monday to avoid civilian casualties during its assault on Gaza, while a U.S. diplomatic blitz in the region sought to reduce risks of the conflict escalating. But after Blinken repeated U.S. concerns that a ceasefire could aid Hamas, Israeli Prime Minister Benjamin Netanyahu ruled that out unless hostages held by Hamas were released. "We demand that you stop them from committing these crimes immediately," Abbas told Blinken, urging an "immediate ceasefire" from Israel. "Stop in the name of God," he said, calling for humanitarian aid and help for the injured to ease the "very grave" situation in Gaza. Instead, the U.S. wants localized pauses in fighting to allow in humanitarian aid and for people to leave Gaza.

Persons: Antony Blinken, Blinken, Mahmoud Abbas, Benjamin Netanyahu, Netanyahu, WAFA, we're, Jonathan Conricus, Conricus, William Burns, Burns, Lloyd Austin, Yoav Gallant, Austin, Kamala Harris, King Abdullah, Mohammed Shia, Al Sudani, Jonathan Ernst, Saeed al, Abbas, Israel, Mohammed al, Pope Francis, Nidal al, Ali Sawafta, Simon Lewis, Dan Williams, Costas Pitas, David Lawder, Lincoln, Simon Cameron, Moore Organizations: Sunday, West Bank, Palestinian, Israeli, Hamas, Paltel, CNN, U.S, CIA, Israel, New York Times, Times, Reuters, . Defense, Pentagon, U.S . Central Command, Baghdad International, REUTERS, Israel Defense Forces, United Arab Emirates, Thomson Locations: GAZA, Israel, Gaza, U.S, Ankara, Turkey, Gaza City, Palestinian, Jordanian, Ohio, Iran, Baghdad, Iraq, LEBANON, Lebanon, Kiryat Shmona, Qatar, Saudi, Egypt, Jordan, Amman, Ramallah, Jerusalem, Los Angeles, Washington

☆ In Turkey, Blinken discusses efforts to expand aid in Gaza
▼ + stars: | 2023-11-06 | by ( Simon Lewis | ) www.reuters.com time to read: +4 min

ANKARA, Nov 6 (Reuters) - U.S. Secretary of State Antony Blinken met Turkish counterpart Hakan Fidan in Ankara on Monday to discuss efforts to expand humanitarian aid in Gaza, and to prevent the war between Israel and militant Palestinian group Hamas from spreading. The meeting between Blinken and Fidan lasted two and a half hours, a U.S. State Department official said. No talks took place between Blinken and Turkish President Tayyip Erdogan, who has criticised Washington over its "unlimited support to Israel". Blinken said at the airport that the United States has made some good progress on humanitarian assistance to Gaza. As Blinken met Fidan in Ankara, dozens of people gathered outside the foreign ministry building to protest U.S. support for Israel.

Persons: Antony Blinken, Hakan Fidan, Blinken, Fidan, Tayyip Erdogan, Jonathan Ernst, Israel, Zeynel Abidin Ozkan, Simon Lewis, Huseyin Hayatsever, Daren Butler, Gareth Jones, Jonathan Spicer, Sharon Singleton Organizations: U.S . State Department, Turkish, Hamas, Ministry of Foreign Affairs, REUTERS, NATO, Israel, Police, Toksabay, Thomson Locations: ANKARA, Turkish, Ankara, Gaza, Israel, Palestinian, Blinken, U.S, Washington, United States, Turkey, Fidan, Europe, America, Palestine, State, Syria, Iraq

☆ A Chance Encounter and a Fugitive Linked to a President’s Killing Is Caught
▼ + stars: | 2023-11-05 | by ( David C. Adams | ) www.nytimes.com time to read: 1 min

A senior Haitian police official was shopping at his local supermarket on a recent weekday when someone caught his eye: the country’s most wanted man. The official, Ernst Dorfeuille, recognized Joseph Félix Badio, a former military officer who had focused on drug and corruption cases at the interior and justice ministries, immediately because he had once worked with him. Now Mr. Badio was a fugitive, the target of a warrant seeking to question him about the key role the police say he played in an infamous crime: the assassination of Haiti’s president, Jovenel Moïse, in July 2021. Mr. Dorfeuille summoned help, and within minutes, four police officers armed with assault rifles arrived and detained Mr. Badio as he was about to drive away from the supermarket outside Haiti’s capital.

Persons: Ernst Dorfeuille, Joseph Félix Badio, Badio, Jovenel Moïse, Dorfeuille Organizations: Haitian Locations: Haiti’s

First launched in 2000, the African Growth and Opportunity Act (AGOA) grants exports from qualifying African countries duty-free access to the United States - the world's largest consumer market. African countries are pushing for an early 10-year extension without changes to reassure businesses and investors. A recent push in the U.S. Senate is aiming to pass a quick AGOA renewal. 'FORWARD-LOOKING VISION'Over $10 billion worth of African exports entered the United States duty free last year under the programme. More than 80% of duty-free non-petroleum AGOA exports, for example, have come from just five countries - South Africa, Kenya, Lesotho, Madagascar and Ethiopia - in recent years.

Persons: Antony Blinken, Jonathan Ernst, Joe Biden's, Biden, Blinken, Katherine Tai, Cyril Ramaphosa, Harriet Ntabazi, We've, Ntabazi, Carien du, Tannur Anders, Alexander Winning, Nick Macfie Organizations: Hamas, Joint Base Andrews, REUTERS, U.S . Senate, United States Congress, United, U.S . International Trade Commission, U.S . Trade, U.S ., Central African, Thomson Locations: Israel, Gaza, Washington, East, Asia, Joint Base Andrews , Maryland, U.S, JOHANNESBURG, United States, Africa, China, Johannesburg, South Africa, Kenya, Lesotho, Madagascar, Ethiopia, Gabon, Niger, Uganda, Central African Republic, AGOA, Carien du Plessis

[1/3] U.S. Secretary of State Antony Blinken meets with Israeli President Isaac Herzog, during his visit to Israel, amid the ongoing conflict between Israel and the Palestinian Islamist group Hamas, in Tel Aviv, Israel November 3, 2023. REUTERS/Jonathan Ernst/Pool Acquire Licensing RightsTEL AVIV, Nov 3 (Reuters) - U.S. top diplomat Antony Blinken on Friday said Israel must protect civilians in its bombardment of Gaza, as he returned for more talks with Israel's leaders as its armed forces press a ground offensive in the Hamas-controlled strip. Herzog said Israel was going to great lengths to notify residents of airstrikes, holding up one of the pamphlets that he said Israel has dropped telling civilians to leave north Gaza. Families of some of the more than 240 people taken hostage by Hamas gathered outside the military complex in Tel Aviv where Blinken was meeting with Israel's leaders. Israel says Hamas killed 1,400 people, mostly civilians, and took more than 240 hostages in the attacks on Oct. 7, the deadliest day of its 75-year history.

Persons: Antony Blinken, Isaac Herzog, Jonathan Ernst, Israel, Blinken, Herzog, Netanyahu, Simon Lewis, Ari Rabinovich, Andrew Cawthorne Organizations: Hamas, REUTERS, Washington, Thomson Locations: Israel, Palestinian, Tel Aviv, TEL AVIV, Gaza, Washington

REUTERS/Jonathan Ernst/Pool Acquire Licensing RightsWASHINGTON, Nov 3 (Reuters) - The United States will provide $425 million worth of additional arms and equipment to Ukraine for its ongoing fight against Russia's invasion, the Biden administration announced on Friday. The package uses the last of the funds in the Ukraine Security Assistance Initiative (USAI), a more than $18 billion fund that allowed the Biden administration to buy weapons from industry, rather than pull from U.S. weapons stocks. Biden, a Democrat, is calling on U.S. lawmakers to approve more aid for Kyiv. Since the Russian invasion in February 2022 the U.S. has sent about $44 billion worth of security assistance to Ukraine. Reporting by Mike Stone and Susan Heavey; editing by David Ljunggren, Jonathan Oatis and Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

Persons: Antony Blinken, Jonathan Ernst, Biden, Joe Biden, congressionally, Mike Stone, Susan Heavey, David Ljunggren, Jonathan Oatis, Leslie Adler Organizations: Hamas, REUTERS, Rights, Ukraine Security Assistance Initiative, L3Harris Technologies, U.S, Reuters, Authority, Pentagon, Air Missile Systems, High Mobility Artillery Rocket Systems, Biden, Democrat, Kyiv, Republican, Democratic, Thomson Locations: Israel, Palestinian, Tel Aviv, United States, Ukraine, U.S, Kyiv, Russian

☆ Blinken to hear call for Gaza ceasefire from regional ministers in Jordan on Saturday
▼ + stars: | 2023-11-03 | by ( Suleiman Al-Khalidi | ) www.reuters.com time to read: +2 min

U.S. Secretary of State Antony Blinken disembarks at the airport after arriving from Israel, amid the ongoing conflict between Israel and the Palestinian Islamist group Hamas, in Amman, Jordan November 3, 2023. REUTERS/Jonathan Ernst/Pool Acquire Licensing RightsAMMAN, Nov 3 (Reuters) - U.S. Secretary of State Antony Blinken will hear demands for an immediate ceasefire in Gaza when he meets Middle East foreign ministers in Jordan on Saturday, Jordan's foreign ministry said. The Arab ministers will hold a meeting ahead of their discussions with Blinken, the statement said. King Abdullah told German Chancellor Olaf Scholz in a phone call on Friday the international community urgently needed to push for an immediate ceasefire in Gaza to protect civilians, the royal court said. The monarch said Israel's military campaign would not succeed and the only path to permanent peace was revived negotiations on an independent Palestinian state alongside Israel.

Persons: Antony Blinken disembarks, Jonathan Ernst, Antony Blinken, Israel, Blinken, King Abdullah, Olaf Scholz, Jordan, Suleiman Al, Khalidi, Bill Berkrot, Cynthia Osterman Organizations: Hamas, REUTERS, Rights, Saudi, Israel, West Bank, Thomson Locations: Israel, Palestinian, Amman, Jordan, Rights AMMAN, Gaza, Jordanian, U.S, Washington

Leading Senate Democrats are teasing a new path forward to bypass one senator’s blockade of military promotions, leaning on GOP frustrations that bubbled to the surface this week and culminated in a dramatic confrontation from members of the senator’s own party. A group of Republican senators took to the Senate floor late Wednesday to attempt to circumvent a dispute in which Sen. Tommy Tuberville has single-handedly held up more than 300 military promotions over a Pentagon abortion travel policy. The stunning scene comes nine months into the blockade and as Democrats – and more recently fellow Republicans – have grown anxious to move the military promotions forward. It would require the support of all Democrats and independents and at least nine Republicans. But they suggested that Tuberville should take his issue to the courts, rather than holding up the chamber and setting a dangerous precedent.

Persons: Sen, Tommy Tuberville, –, Tuberville, Chuck Schumer, “, ” Schumer, Jack Reed, Kyrsten, Richard Blumenthal, servicewomen, ” Sen, Joni Ernst, I’m, Ernst, ”, Schumer, …, Biden, Mitt, Blumenthal, Joe Manchin, ” Manchin Organizations: Republicans, Richard Blumenthal of Connecticut, Democratic, GOP, Pentagon, Tuberville, United States Senate, DOD, Iowa Republican, Utah Republican Locations: Alabama, Rhode Island, Arizona, Richard Blumenthal of, Israel, Mitt Romney, Utah, West Virginia

☆ Republicans clash for hours on the Senate floor as tempers flare over Sen. Tommy Tuberville's blockade of military promotions
▼ + stars: | 2023-11-02 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

Republican senators tore into their GOP colleague Sen. Tommy Tuberville on Wednesday night. They'd had enough of Tuberville's months-long blockade of military promotions. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementA handful of Senate Republicans on Wednesday evening tore into fellow Republican Sen. Tommy Tuberville for hours, arguing that his blockade of more than 300 military promotions has damaged the US armed forces and risks serious long-term consequences. Historically speaking, military promotions have sailed through the Senate while lawmakers have used procedural hurdles to slow down political appointees.

Persons: Sen, Tommy Tuberville, They'd, Lindsey Graham, —, Republican Sen, Lindsey Graham of, Tuberville, I've, Biden, Lloyd Austin, Dan Sullivan, Vladimir Putin, Xi Jinping, Joni Ernst of Iowa, Ernst, Chuck Schumer, Schumer, Eric Smith, Smith's Organizations: GOP, Service, Republicans, Republican, Auburn, The Alabama Republican, Alaska Republican, US Marine Reserves, Marine Corps, DOD, Politico Locations: Lindsey Graham of South Carolina, Alaska

☆ Why some of the 'clean' hydrogen hubs in the U.S. plan to use natural gas, a fossil fuel
▼ + stars: | 2023-10-31 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +11 min

The others will use a combination of renewables, nuclear power, and natural gas with carbon capture and storage. Putting federal money behind a program to fight climate change while using natural gas, a fossil fuel, as one of its main ingredients may not seem intuitive. To wit, the Bipartisan Infrastructure Law, where the funding for the hydrogen hubs comes from, specifically required that two of the selected hydrogen hubs be located in natural gas-rich regions. Making hydrogen from natural gas with carbon capture will require additional energy and be more expensive than producing hydrogen from natural gas where the excess carbon emissions just spew into the atmosphere. That is what the U.S. government is trying to change with its hydrogen hubs program and the production tax credit.

Persons: Joe Biden, Elizabeth Flores, Jennifer Granholm, Rachel Fakhry, Fakhry, Jonathan Ernst, Kent, Sean Heinroth, Young's, That's, Heinroth, Tom Oakland, Wisconsin —, They've, Alex Kizer, Kizer Organizations: Cummins, Star Tribune, Getty, Swiss Army, U.S . Department of the Energy, Natural Resources Defense, Energy, Department of Energy, CNBC, Reuters, Infrastructure Law, Ernst, of Energy, North Dakota Department of Commerce, Oakland, EFI Foundation, U.S, Treasury Department Locations: America, Fridley, Minn, United States, U.S, Tioga, Philadelphia , Pennsylvania, Houston, Montana , North Dakota, Minnesota, Wisconsin, Washington

President Joe Biden’s Cabinet secretaries will be advocating for the foreign aid to a mostly friendly audience in the Senate, where majority Democrats and many Republicans support tying aid for the two countries together. Despite growing questions about the Ukraine aid within the Republican conference, Senate GOP Leader Mitch McConnell has forcefully advocated tying the aid for Ukraine and Israel together. As they returned to Washington on Monday night, Senate Republicans who support the Ukraine aid were uncertain of the path forward. 2 Senate Republican, said it could complicate Democrats’ efforts to pass the two together if there were a bipartisan vote for the Israel aid alone in the House. In recent weeks, though, a growing group of Senate Republicans have joined the majority of House Republicans who are advocating to slow down or stop U.S. aid to Ukraine.

Persons: Lloyd Austin, Antony Blinken, Joe Biden’s, Mike Johnson, Biden, ”, Chuck Schumer, Vladimir Putin, Patty Murray, Maine Sen, Susan Collins, ” Murray, Mitch McConnell, Oksana Markarova, ” Markarova, embolden Putin, Sen, John Thune of, Thune, Republican Sen, Joni Ernst, Iowa, Ohio Sen, J.D, Vance, Putin, Johnson, Schumer, “ we're, Richard Neal, Ron Wyden, ” Wyden, Karine Jean, Pierre, ” “, —, Seung Min Kim, Fatima Hussein, Tara Copp Organizations: WASHINGTON, —, Senate, Republican, Internal Revenue Service, Republicans, Hamas, Senate Republicans, House Republicans, Fox News, Democrat, New York Rep, White, Associated Press Locations: United States, Israel, Ukraine, America, Russia, Taiwan, China, U.S, Mexico, Ukrainian, Kentucky, Washington, John Thune of South Dakota, Ohio

☆ Mitch McConnell warns GOP senators they’ll face ‘incoming’ if they back Hawley bill to limit corporate giving in campaigns
▼ + stars: | 2023-10-31 | by ( Manu Raju | ) edition.cnn.com time to read: +3 min

According to multiple sources familiar with the Tuesday lunch meeting, McConnell warned GOP senators that they could face “incoming” from the “center-right” if they signed onto Hawley’s bill. On that list of senators: Hawley himself, according to sources familiar with the matter. But there’s also no love lost between McConnell and Hawley, who has long criticized the GOP leader and has repeatedly called for new leadership atop their conference. In an interview, Hawley defended his bill and said that corporate influence should be limited in elections. “I think that’s wrong,” Hawley told CNN.

Persons: Mitch McConnell, Sen, Josh Hawley, McConnell, Hawley, there’s, ”, Chuck Schumer, ” Hawley, “, Chris Christie, Donald Trump, Mike Braun, Kevin Cramer of North, Marsha Blackburn of, Dan Sullivan, Joni Ernst of Iowa, Roger Marshall of Kansas, Susan Collins of, Steve Daines, Thom Tillis, Lindsey Graham of, Katie Britt, Alabama, Lisa Murkowski, Eric Schmitt of Missouri, Ted Budd of, JD Vance, Ohio, Ron Johnson Organizations: CNN, GOP, Kentucky Republican, Fund, McConnell, New, New York Democrat, Missouri Republican, Indiana Locations: New York, Ukraine, Israel, Colorado, Kevin Cramer of North Dakota, Marsha Blackburn of Tennessee, Alaska, Susan Collins of Maine, Montana, North Carolina, Lindsey Graham of South Carolina, Ted Budd of North Carolina, Ron Johnson of Wisconsin

☆ Alliance of 40 countries to vow not to pay ransom to cybercriminals, US says
▼ + stars: | 2023-10-31 | by ( Zeba Siddiqui | ) www.reuters.com time to read: +2 min

White House Deputy National Security Advisor for Cyber and Emerging Technology, Anne Neuberger, addresses cyber security during the daily press briefing at the White House in Washington, U.S. September 2, 2021. REUTERS/Jonathan Ernst/File Photo Acquire Licensing RightsSAN FRANCISCO, Oct 31 (Reuters) - Forty countries in a U.S.-led alliance plan to sign a pledge never to pay ransom to cybercriminals and to work toward eliminating the hackers' funding mechanism, a senior White House official said on Tuesday. The International Counter Ransomware Initiative comes as the number of ransomware attacks grows worldwide. In ransomware attacks, hackers encrypt an organization's systems and demand ransom payments in exchange for unlocking them. Partner countries will share a "black list" through the U.S. Department of Treasury that will include information on digital wallets being used to move ransomware payments, Neuberger said.

Persons: Anne Neuberger, Jonathan Ernst, Biden, Neuberger, Chainalysis, Zeba Siddiqui, Cynthia Osterman Organizations: White, Technology, REUTERS, FRANCISCO, White House, MGM Resorts International, Reuters, U.S . Department of Treasury, Thomson Locations: Washington , U.S, U.S, United States, Lithuania, Israel, UAE, San Francisco

☆ Marina Abramovic Thinks the Pain of Love Is Hell on Earth
▼ + stars: | 2023-10-29 | by ( David Marchese | ) www.nytimes.com time to read: +13 min

Talk Marina Abramovic Thinks the Pain of Love Is Hell on Earth“I’m all for heroism,” Marina Abramovic says. You can find bliss and be happy; you don’t need to be with somebody you don’t love. But if you have unconditional love, general love for the planet, human beings, the rocks, the trees, everything else, this is the love that nourishes. It is important not to fear pain, to understand pain and accept it. You ever have love pain?

Persons: Marina Abramovic, ” Marina Abramovic, “, Katya Tylevich, Abramovic, ” Abramovic, Henri Matisse, Louis Armstrong, Stevie Wonder, Beckett, Kafka, Dostoyevsky, Proust, madeleine, Medici, —, It’s, they’re, Andrew H, Walker, I’ve, I’m, it’s, Ernst Jünger, Basquiat, Long, Hannes Magerstaedt, David Marchese, Alok Vaid, Menon, ordinariness, Joyce Carol Oates, Robert Downey Jr Organizations: Royal Academy of Arts, Marina, Museum, Marvel Locations: London, Belgrade, Ukraine, Israel, Venice, Silicon

The Supreme Court in recent years has struck down two trademark laws based on free speech concerns. Elster applied for the "Trump Too Small" trademark to use on T-shirts, inspired by an exchange between Trump and U.S. Elster told the Supreme Court that his trademark uses a double meaning to criticize Trump while expressing his views about "the smallness of Donald Trump's overall approach to governing." Ernst also said the law at issue does not further the overarching trademark law goal of preventing marketplace confusion. "Nobody would be confused into believing that Donald Trump is selling T-shirts accusing him of being too small," Ernst said.

Persons: Marco Rubio, Donald Trump, Jim Young, Foley, Lardner, Trump, Steve Elster's, Joe Biden's, Elster, Erik Brunetti, denigrate Rubio, Marco, " Rubio, Donald Trump's, Elizabeth Prelogar, Biden, Obama, Kate, Jonathan Moskin, Moskin, Jack Daniel's, Joe, Hillary, Samuel Ernst, Ernst, Blake Brittain, Will Dunham Organizations: Republican U.S, U.S, Republican, REUTERS, WASHINGTON, Supreme, U.S . Patent, Trump, Appeals, Federal Circuit, TRUMP, International Trademark Association, Golden Gate University School of Law, Thomson Locations: Detroit , Michigan, California, U.S, Virginia, America, Washington

☆ Investors reject Sanofi's cure to sickly valuation
▼ + stars: | 2023-10-27 | by ( ) www.reuters.com time to read: +3 min

LONDON, Oct 27 (Reuters Breakingviews) - Sanofi (SASY.PA) investors dislike CEO Paul Hudson’s prescription to reinvigorate the pharmaceutical group’s weak valuation. Analysts polled by LSEG expect the division to hit an EBIT of 1.6 billion euros this year. On listed rival Haleon’s 15.6 times multiple, that business could be worth 25 billion euros. The rest of the Sanofi business may generate EBIT of 11.4 billion euros. The problem is that investors don’t appear to want to take the harsh medicine that leads to a cure.

Persons: Paul Hudson’s, Ernst & Young, Sanofi, EBIT, Roche, Karen Kwok, Francesco Guerrera, Streisand Neto Organizations: Reuters, Sanofi, Ernst, LSEG, Novartis, Novo Nordisk, GSK, AstraZeneca, X, Unilever, Thomson

☆ 'Trump Too Small' T-Shirt Slogan Turns Into US Supreme Court Battle
▼ + stars: | 2023-10-27 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +5 min

The Supreme Court in recent years has struck down two trademark laws based on free speech concerns. Elster applied for the "Trump Too Small" trademark to use on T-shirts, inspired by an exchange between Trump and U.S. Rubio responded at a campaign rally in Virginia that his rival had disproportionately small hands. Are they small hands?" Ernst also said the law at issue does not further the overarching trademark law goal of preventing marketplace confusion.

Persons: Blake Brittain WASHINGTON, Trump, Donald Trump, Steve Elster's, Joe Biden's, Elster, Erik Brunetti, Marco Rubio, denigrate Rubio, Marco, " Rubio, Donald Trump's, Elizabeth Prelogar, Biden, Obama, Kate, Jonathan Moskin, Foley, Lardner, Moskin, Jack Daniel's, Joe, Hillary, Samuel Ernst, Ernst, Blake Brittain, Will Dunham Organizations: Supreme, U.S . Patent, Trump, U.S, Appeals, Federal Circuit, TRUMP, International Trademark Association, Golden Gate University School of Law Locations: California, U.S, Virginia, America, Washington

☆ Big central banks hit pause, with rate cuts far off
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +5 min

On Oct. 23, Fed Chair Jay Powell said a strong economy and tight jobs market could warrant more rate rises. Interest rate futures show traders believe the BoE will not cut rates, now at their highest since 2008, until at least June 2024. "The Governing Council’s past interest rate increases continue to be transmitted forcefully into financing conditions," the ECB said, adding it would follow a "data-dependent" approach and future decisions would be based on incoming data. Prime Minister Jonas Gahr Stoere told parliament last week interest rates may have peaked. Reuters Graphics Reuters Graphics8) AUSTRALIAThe Reserve Bank of Australia held rates steady at 4.1% for a fourth meeting in October.

Persons: Jonathan Ernst, Jay Powell, BoE, Jonas Gahr Stoere, Michele Bullock, Naomi Rovnick, Harry Robertson, Alun John, Yoruk Bahceli, Samuel Indyk, Chiara Elisei, Kripa Jayaram, Pasit, Riddhima, Sumanta Sen, Vineet, Amanda Cooper, Giles Elgood Organizations: . Federal, REUTERS, European Central Bank, Federal Reserve, Bank of England, UNITED, Reuters, Reserve Bank of New Zealand, BRITAIN, Bank of Canada, BoC, ECB, Norges Bank, Reuters Graphics Reuters, Reserve Bank of Australia, Bank of Japan, Thomson Locations: Washington, Japan, hawkish, dovish, NORWAY, SWEDEN Sweden, SWITZERLAND, Swiss, Gaza, JAPAN

☆ Exclusive: Biden set to speak with China's top diplomat Wang Yi on Friday, sources say
▼ + stars: | 2023-10-26 | by ( Trevor Hunnicutt | ) www.reuters.com time to read: +2 min

U.S. President Joe Biden delivers remarks on healthcare coverage and the economy, at the White House in Washington, U.S. July 7, 2023. REUTERS/Jonathan Ernst/File Photo Acquire Licensing RightsWASHINGTON, Oct 25 (Reuters) - President Joe Biden is expected to speak with Wang Yi when China's top diplomat visits the White House this week, according to two U.S. officials familiar with planning for the visit. The White House declined to comment. It is unclear how substantial their interaction will be, but even an informal greeting would be Biden's senior-most interaction with the Chinese government since he briefly met Chinese President Xi Jinping's No. He also warned Chinese officials against aggression toward the Philippines.

Persons: Joe Biden, Jonathan Ernst, Wang Yi, Wang, Jake Sullivan, Biden, Xi Jinping's, Li Qiang, Xi, Antony Blinken, Blinken, Qin Gang, Trevor Hunnicutt, Heather Timmons, Lincoln Organizations: White, REUTERS, Rights, Economic Cooperation, Chinese Communist Party, Thomson Locations: Washington , U.S, New Delhi, Asia, San Francisco, Bali, Washington, Beijing, China, Philippines, United States

☆ With eye on 2024, Republicans push for early voting despite Trump's rhetoric
▼ + stars: | 2023-10-26 | by ( Joseph Ax | ) www.reuters.com time to read: +6 min

That could make it difficult for the party to deliver a coherent message on early voting. In an advertisement that aired during the first Republican presidential debate in August, RNC Chairwoman Ronna McDaniel said into the camera: "When Republicans vote early, we win." With Trump railing against the practice, Democrats have increased their edge in early voting. In 2022, that gap widened, with Democrats accounting for 42.5% of early ballots and Republicans 33.8%. But Youngkin advisers said their data showed the early vote campaign had brought in ballots from low-propensity voters as well.

Persons: Glenn Youngkin, Jonathan Ernst, Donald Trump, Trump, haven't, Youngkin, Ronna McDaniel, Tom Bonier, Bonier, Dave Rexrode, Joseph Ax, Nathan Layne, Colleen Jenkins, Deepa Babington Organizations: Virginia Republican, REUTERS, Virginia, White House, U.S, Senate, Republican, Republican State Leadership Committee, Republican National Committee, Trump, University of Florida, Banking, Democrats, Republicans, Democratic Legislative, Committee, Democratic, Thomson Locations: Chantilly , Virginia, U.S, Virginia, Henrico County, Iowa

REUTERS/Brian Snyder/File photo Acquire Licensing RightsOct 25 (Reuters) - IT software and consultancy services provider IBM (IBM.N) reported third-quarter revenue slightly above Wall Street targets on Wednesday, buoyed by stable demand for its software solutions and a stronger-than-expected mainframe business. Shares of the Armonk, New York-based company rose 2% in trading after the bell. While the company has seen a slowdown in the growth of its overall business compared to last year, it reiterated its annual target for revenue growth and free-cash-flow generation. Revenue at its software segment, which now includes newly acquired IT budgeting software maker Apptio, rose nearly 8%, excluding the impact from a strong dollar. IBM's revenue in the third quarter rose about 5% to $14.8 billion, compared to an estimate of $14.73 billion, according to LSEG data.

Persons: Brian Snyder, Ernst &, James Kavanaugh, Chavi Mehta, Pooja Desai Organizations: REUTERS, IBM, Ernst & Young, Reuters, Big, Revenue, Thomson Locations: Cambridge , Massachusetts, U.S, , New York, United States, Bengaluru

☆ White House to unveil AI executive order on Monday -reports
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +1 min

A general view of the White House in the hours before U.S. President Joe Biden delivers the annual State of the Union speech in Washington, U.S. February 7, 2023. REUTERS/Jonathan Ernst/File photo Acquire Licensing RightsWASHINGTON, Oct 25 (Reuters) - U.S. President Joe Biden's administration is expected to unveil its long-awaited artificial intelligence executive order on Monday, according to media reports. The Washington Post, citing several people familiar with the matter, on Wednesday said the order would require "advanced AI models to undergo assessments before they can be used by federal workers." Axios also reported on the expected order, citing an invitation it obtained for a White House event scheduled for Monday afternoon and multiple unnamed sources familiar with the planned announcement. The White House did not immediately respond to a request for comment.

Persons: Joe Biden, Jonathan Ernst, Joe Biden's, Axios, Kanishka Singh, Susan Heavey, Chris Sanders, Richard Chang Organizations: White, U.S, State of, REUTERS, Rights, Washington, Thomson Locations: State, Washington , U.S, United States, Washington

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