Town Hall News

WASHINGTON (Reuters) – U.S. President Joe Biden would veto a Republican energy legislation package if it were to pass Congress, citing cost increases that the legislation could lead to, the White House said on Monday. “H.R. 1 (Lower Energy Costs Act) would double the cost of energy efficiency upgrades that families need to reduce household bills and would repeal the Greenhouse Gas Reduction Fund that will cut energy costs and […]

By Ariba Shahid and Asif Shahzad KARACHI, Pakistan (Reuters) – Pakistan on Monday deferred a decision on a request by pharmaceutical firms to raise the prices of more than 100 medicines, prolonging a stand-off with an industry struggling to stem losses from soaring inflation and a weakened currency. The request was discussed during a meeting of the finance ministry’s Economic Coordination Committee, but no decision was taken, a ministry statement […]

By Humphrey Malalo and Ayenat Mersie NAIROBI (Reuters) -Kenyan police on Monday fired teargas and a water cannon at stone-throwing supporters of opposition leader Raila Odinga during the second consecutive week of protests against the government and high food prices. The clashes broke out as Odinga’s convoy passed through a neighbourhood in the capital Nairobi, Reuters reporters said. Hundreds of supporters had gathered around the convoy in the Kawangware neighbourhood, […]

By David Shepardson WASHINGTON (Reuters) -The Biden administration on Monday will release new guidance for its $52 billion U.S. semiconductor manufacturing and research program detailing how companies seeking major awards must provide affordable high-quality childcare. The Commerce Department plans to begin accepting applications in late June for a $39 billion manufacturing subsidy program. The law also creates a 25% investment tax credit for building chip plants, estimated to be worth […]

By Ariba Shahid and Asif Shahzad KARACHI, Pakistan (Reuters) – Pakistan on Monday deferred a decision on a request by pharmaceutical firms to raise the prices of more than 100 medicines, prolonging a stand-off with an industry struggling to stem losses from soaring inflation and a weakened currency. The request was discussed during a meeting of the finance ministry’s Economic Coordination Committee, but no decision was taken, a ministry statement […]

(Reuters) – Jounce Therapeutics Inc on Monday agreed to be acquired by privately held Concentra Biosciences for $96.46 million, while spurning a merger deal with British biotech firm Redx Pharma. The new Concentra deal also involves a workforce reduction of about 84% of Jounce’s employees, compared to about 57% as part of the Redx deal, Jounce said in a statement. The deal with Concentra, which is controlled by Jounce investor […]

(Reuters) – Jounce Therapeutics Inc on Monday agreed to be acquired by privately held Concentra Biosciences for $96.46 million, while spurning a merger deal with British biotech firm Redx Pharma. The new Concentra deal also involves a workforce reduction of about 84% of Jounce’s employees, compared to about 57% as part of the Redx deal, Jounce said in a statement. The deal with Concentra, which is controlled by Jounce investor […]

JERUSALEM (Reuters) – Prime Minister Benjamin Netanyahu faced increasing pressure on Monday to put the brakes on his government’s drive to enact sweeping changes to the Israeli judiciary, with hundreds of thousands of protesters taking to the streets. The courts overhaul plan has sparked unprecedented public anger since Netanyahu’s coalition of hard-right and religious parties came to power late last year, and has also caused alarm among Israel’s Western allies. […]

OTTAWA (Reuters) – The Canadian government said on Monday it was targeting two entities and eight individuals as part of new sanctions against Iran over human rights violations and production of drones and ballistic missiles. Canada’s latest round of sanctions against Iran, the 10th since October, targets individuals including senior officials from the Islamic Revolutionary Guard Corps (IRGC) and Law Enforcement Forces (LEF) for “gross and systematic human rights violations” […]