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(Corrects spelling of abiraterone in paragraph 2. Also corrects paragraph 3 to say the Lynparza combination is compared to placebo with two other drugs, not just placebo) (Reuters) -Merck & Co Inc and British drugmaker AstraZeneca PLC said on Thursday that an independent committee of advisers to the U.S. health regulator will review the companies’ application for the expanded use of their drug Lynparza to treat an advanced form of […]

By Uday Sampath Kumar (Reuters) -Best Buy Co Inc on Thursday joined peers with a cautious annual earnings forecast as uncertainty over the U.S. economic outlook tempers expectations for a recovery in demand for TVs, laptops and other electronic products. U.S. retailers offered bigger discounts than usual during the holiday season to stoke demand as surging costs of rent and food over the last year hammered spending on non-essentials. Best […]

By Katherine Masters NEW YORK (Reuters) – Major U.S. retailers including Best Buy, Walmart and Amazon are doubling down on healthcare and health-related products as inflation-wary Americans shift more of their budgets to services and away from goods. Electronics retailer Best Buy recently kicked off a partnership with Advocate Health, one of the country’s largest nonprofit hospital systems, Best Buy Chief Executive Officer Corie Sue Barry announced Thursday on a […]

WASHINGTON (AP) — The House Ethics Committee announced Thursday it is launching an investigation into embattled Republican Rep. George Santos, the New York congressman whose lies and embellishments about his resume and personal life have drawn deep scrutiny in Congress. The bipartisan leaders of the committee announced the panel had voted unanimously to establish an investigative subcommittee to look into the allegations. The panel voted to take action on Tuesday. […]

By Ananya Mariam Rajesh (Reuters) -Macy’s Inc beat estimates for holiday quarter results and forecast annual profit largely above expectations as the department store operator looks to rein in promotions to beef up its margins, sending its shares up 10% on Thursday. Like many retailers, Macy’s offered steep discounts during the holiday season to get rid of excess inventory and attract inflation-weary consumers. But Chief Executive Jeff Gennette said those […]

By Howard Schneider WASHINGTON (Reuters) – The impact of higher U.S. interest rates on the economy may only begin to “bite” in earnest this spring, an argument for the Federal Reserve to stick with “steady” quarter-point rate increases, Atlanta Federal Reserve President Raphael Bostic said on Thursday. “I am still very much of a mindset that slow and steady is going to be the appropriate course of action,” Bostic said […]

By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks rose on Thursday as Treasury yields retreated from earlier highs following comments from Atlanta Federal Reserve President Raphael Bostic about his favored path of interest rate hikes for the central bank. In an argument for quarter-point hikes, Bostic said he favored “slow and steady” as the appropriate course of action for the Fed, as the impact of higher interest rates may […]

WASHINGTON (Reuters) – President Joe Biden told Senate Democrats that he will not veto a Republican-led resolution blocking Washington, D.C.’s criminal code revisions, Senate Majority Leader Chuck Schumer said on Thursday. Washington, D.C.’s city council passed the first major overhaul to its criminal code in decades, after overriding a veto from Mayor Muriel Bowser, who said that despite her opposition to the changes she did not want congressional involvement. Congress’ […]