Town Hall News

(Reuters) – Bank of America Corp is redeploying employees in wealth management and lending to other roles within the company, a source familiar with the matter said on Friday, as higher interest rates continue to weigh on the businesses. Less than 200 employees are being moved to product specialist positions within the company’s global operations organization, the source told Reuters. “As our business and client needs grow and evolve, our […]

By Julien Pretot SAINT OUEN, France (Reuters) – The construction of the Olympic athletes village is on time and on budget as organisers promise to deliver a safe Games, the general director of Paris 2024 said on Friday. “Most of my colleagues in the past were stressed about the delivery of the infrastructures. I must say I’m not on that side with Paris 2024. I’m very cool and serene, we […]

(Reuters) – Bank of America Corp is redeploying employees in wealth management and lending to other roles within the company, a source familiar with the matter said on Friday, as higher interest rates continue to weigh on the businesses. Less than 200 employees are being moved to product specialist positions within the company’s global operations organization, the source told Reuters. “As our business and client needs grow and evolve, our […]

VILLANUEVA DE VIVER, Spain (Reuters) -Spain’s first major wildfire of the year raged in the eastern Valencia region on Friday, destroying more than 3,000 hectares (7,413 acres) of forest and forcing 1,500 residents to abandon their homes, authorities said. An unusually dry winter across parts of the south of the European continent has reduced moisture in the soil and raised fears of a repeat of 2022, when 785,000 hectares were […]

By Sarah N. Lynch WASHINGTON (Reuters) -Evan Corcoran, a lawyer for Donald Trump, appeared on Friday before a federal grand jury looking into Trump’s retention of classified documents following the end of his presidency, testifying only after a U.S. judge rejected Corcoran’s claim that doing so would violate attorney-client privilege. Corcoran’s 3-1/2 hour appearance behind closed doors was another signal that two criminal investigations into Trump led by Special Counsel […]

(Reuters) – The U.S. Food and Drug Administration (FDA) on Friday approved Dutch firm Pharming Group’s drug to treat a rare genetic disorder that leads to a weakened immune system, the company said. Leniolisib, to be sold under the brand name Joenja, becomes the first approved drug to treat activated phosphoinositide 3-kinase delta syndrome (APDS), a primary immunodeficiency that affects about 1 to 2 people in a million. Joenja is […]

By Michael Martina and David Brunnstrom WASHINGTON (Reuters) -President Joe Biden said last month after a U.S. fighter jet shot down a suspected Chinese spy balloon that he planned to speak to Chinese President Xi Jinping about the episode and clear the air between the rival superpowers. Five weeks later, the call still hasn’t happened. Instead, after two months of diplomatic sniping and Xi’s trip this week to Moscow where […]

By Michael S. Derby NEW YORK (Reuters) – The Federal Reserve said on Friday that rising interest costs cut into the amount of money it handed back to the Treasury last year compared to what it handed back in 2021. The Fed returned $76 billion to the Treasury last year, down from $109 billion the year before, the central bank said as part of an audited financial statement released Friday. […]

(Reuters) -The U.S. health regulator on Friday proposed cancer drug developers in most cases conduct more rigorous trials to seek accelerated approval for their candidates. The Food and Drug Administration’s proposed recommendation follows criticism for the accelerated approval pathway, as well as an independent federal review into it after the controversial nod for Biogen Inc’s Alzheimer’s treatment Aduhelm. Accelerated approvals allow quicker nod for therapies that target serious and life-threatening […]