Town Hall News

(Reuters) – Walmart Inc Chief Executive Doug McMillon, 56, plans to helm the country’s largest retailer for at least three more years as the company continues work to identify a successor, the Wall Street Journal reported on Thursday. McMillon’s plans to stay in the role for more than a decade will extend the company’s timeline for finding its next leader, the report added, citing people familiar with the matter. Walmart […]

By Ann Saphir and Howard Schneider (Reuters) -A virtual event with Federal Reserve Governor Christopher Waller was canceled on Thursday after the Zoom videoconference was “hijacked” by a participant who displayed pornographic images “We were a victim of a teleconference or Zoom hijacking and we are trying to understand what we need to do going forward to prevent this from ever happening again. It is an incident we deeply regret,” […]

By Jacqueline Thomsen (Reuters) -The U.S. Justice Department on Thursday urged an appeals court to reject former President Donald Trump’s claim that he is automatically immune from lawsuits over his supporters’ assault on the U.S. Capitol on Jan. 6, 2021. The U.S. Court of Appeals for the District of Columbia Circuit had asked for the Justice Department’s view as it weighs whether to allow civil lawsuits against Trump over the […]

By Maggie Fick LONDON (Reuters) – Europe will lose out to countries like the U.S. and Japan on new medical research, trials and treatments unless draft rules reforming the European pharmaceutical landscape change, the CEO of Danish drugmaker Novo Nordisk warned on Thursday. The European Commission will present its proposed overhaul of the bloc’s pharmaceuticals regulation on March 29, the first major revisions to medicines rules in 20 years. It […]

By Andrew Chung (Reuters) – The U.S. Supreme Court on Thursday signaled it may sidestep a ruling in a major case involving a Republican bid to give state legislatures far more power over federal elections by limiting the ability of state courts to review their actions. The North Carolina Supreme Court last month granted a request by Republican state legislators to revisit its ruling last year against a map they […]

By Maggie Fick LONDON (Reuters) -Europe will lose out to countries like the U.S. and Japan on new medical research, trials and treatments unless draft rules reforming the European pharmaceutical landscape change, the CEO of Danish drugmaker Novo Nordisk warned on Thursday. The European Commission will present its proposed overhaul of the bloc’s pharmaceuticals regulation on March 29, the first major revisions to medicines rules in 20 years. It says […]

(Reuters) – Starbucks Corp said on Thursday it has no plans to send interim Chief Executive Officer Howard Schultz to testify at a Senate hearing on the company’s compliance with federal labor law. The Senate Health, Education, Labor and Pensions Committee’s chairman Bernie Sanders said on Wednesday the committee will vote next week on whether to issue a subpoena for Schultz. The committee also will vote on authorizing the panel […]

(Reuters) – Bitcoin miner Riot Platforms Inc said on Thursday it expects to delay its annual financial report as it has to correct errors identified in earlier financial statements. In a regulatory filing, Riot said its financial statements for the quarters ending in March, June and September in 2021 and 2022 can no longer be relied upon, as it had inaccurately calculated impairment related to its bitcoin assets. Riot’s shares […]