Friday 29 July 2022

AstraZeneca CEO Soriot says to work with new chairman for many years

AstraZeneca CEO Soriot says to work with new chairman for many years

Long-serving AstraZeneca boss Pascal Soriot said on Friday he expects to work with the new chairman-designate of the London-listed drugmaker, who will take over in 2023, for many years to come, suggesting he is not ready to retire.

AbbVie sets aside $2 bln to settle U.S. opioid claims

AbbVie Inc has set aside about $2 billion to resolve thousands of lawsuits against its Allergan unit over the marketing of its opioid products, the company said on Friday.

Exchange operator Cboe's profit rises as trading volumes surge

Exchange operator Cboe Global Markets Inc , on Friday reported a rise in second-quarter adjusted profit, as transaction volumes surged amid spiraling volatility in the global markets across asset classes.

Bostic: Convinced Fed needs to keep raising rates to control inflation

The U.S. Federal Reserve will need to keep raising interest rates to control inflation but the pace and final level will be shaped heavily by data over the next two months, Atlanta Federal Reserve President Raphael Bostic said Friday.

TSX futures rise ahead of GDP data, earnings

Canada's resource-heavy main stock index was set to extend gains on Friday as commodity prices firmed, with investor focus on a slew of results and economic growth data that could influence the central bank's rate-hike plans.

Nasdaq futures surge as Apple, Amazon hold out against weak consumer spending

U.S. stocks futures gained led by the Nasdaq on Friday as positive forecasts from Apple and Amazon indicated resilience in mega-cap companies in the face of weaker consumer spending, with hopes of a less aggressive monetary policy boosting sentiment.

EXCLUSIVE Biden EPA to tackle coal industry carbon with rules on other pollutants

The U.S. Environmental Protection Agency plans to use new limits on traditional pollutants like ozone and coal ash to help encourage the retirement of the nation's remaining coal-fired power plants, after the Supreme Court limited the agency's ability to impose sweeping climate regulations, according to EPA chief Michael Regan.

Morning bid: The consumer's deep pockets and short arms

A look at the day ahead in markets from Anshuman Daga.

President's tough talk masks Mexican concern over energy dispute with U.S.

A potentially costly U.S.-led complaint against Mexico's energy policy has stirred considerable concern inside the Mexican government in spite of President Andres Manuel Lopez Obrador's defiant attitude, officials and people close to the matter say.

Ukraine ready to ship grain, awaits signal for first shipment

Ukraine is ready to start shipping grain from two Black Sea ports under a U.N.-brokered agreement but no date has been set for the first shipment, Ukrainian Infrastructure Minister Oleksandr Kubrakov said on Friday.

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