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By Jody Godoy (Reuters) -A judge on Friday rejected a proposed court settlement between AMC Entertainment Holdings and holders of its common stock over a stock conversion plan, citing concerns about releasing potential claims by preferred shareholders. Delaware Vice Chancellor Morgan Zurn said in the ruling that she cannot approve the settlement “as submitted.” The company was sued in February for allegedly rigging a shareholder vote that would allow AMC […]

(Reuters) -World number one Carlos Alcaraz marked his return to action following his Wimbledon triumph with a battling 4-6 6-4 (10-8) win over David Goffin in their Hopman Cup clash on Friday but could not prevent Spain from losing 2-1 to Belgium. In the day’s other tie, Switzerland scored a 2-1 victory over France after the duo of Celine Naef and Leandro Riedi beat Alize Cornet and Richard Gasquet 6-4 […]

(Reuters) -The U.S. Food and Drug Administration has approved Verrica Pharmaceuticals Inc’s treatment of a viral skin disease in adults and children aged 2 years and above, the company said on Friday. The green light for Verrica’s drug, Ycanth, makes it the first approved treatment in the United States for viral skin disease molluscum contagiosum. The FDA decision is a major milestone for the company after it previously failed to […]

By Shariq Khan BENGALURU (Reuters) -Oil prices rose nearly 2% on Friday to record a fourth consecutive weekly gain, buoyed by growing evidence of supply shortages in the coming months and rising tensions between Russia and Ukraine that could further hit supplies. Brent crude futures rose $1.43, or 1.8%, to settle at $81.07 a barrel, with a weekly gain of about 1.2%. U.S. West Texas Intermediate crude ended $1.42, or […]

(Reuters) -The U.S. Food and Drug Administration has approved Verrica Pharmaceuticals Inc’s treatment of a viral skin disease in adults and children aged 2 years and above, the company said on Friday. The green light for Verrica’s drug, Ycanth, makes it the first approved treatment in the United States for viral skin disease molluscum contagiosum. The FDA decision is a major milestone for the company after it previously failed to […]

By Sofia Menchu GUATEMALA CITY (Reuters) -Guatemalan presidential candidate Bernardo Arevalo called a Friday morning police raid on his party headquarters a “corrupt” show of “political persecution” just a month before the high-stakes run-off election. Police raided the headquarters of Arevalo’s Semilla party, the attorney general’s office announced earlier on Friday, saying it was carrying out a July 12 court order that had canceled the party’s legal status. Video from […]

By Diane Bartz and Krystal Hu WASHINGTON/NEW YORK (Reuters) -AI companies including OpenAI, Alphabet and Meta Platforms have made voluntary commitments to the White House to implement measures such as watermarking AI-generated content to help make the technology safer, President Joe Biden announced on Friday. “These commitments are a promising step but we have a lot more work to do together,” Biden said. At a White House event, Biden addressed […]

By Martyn Herman HOYLAKE, England (Reuters) – American Brian Harman seized control of the Open with a sublime second round then watched the chasing pack huff and puff to little effect in breezy conditions at Royal Liverpool on Friday. Early starter Harman landed a barrage of birdies on his front nine and then eagled the 18th to post a six-under 65 that left him five shots clear on 10 under. […]

WASHINGTON (Reuters) – The U.S. Department of Energy on Friday proposed energy efficiency standards on water heaters it said would save consumers $11.4 billion on energy and water bills annually. The standards on residential water heater efficiency, which are required by Congress, have not been updated in 13 years. Water heating is responsible for roughly 13% of both annual residential energy use and consumer utility costs, the DOE said. The […]