With abortion rights in the balance, Wisconsin elects liberal to Supreme Court

By Joseph Ax and Daniel Trotta (Reuters) – Wisconsin voters on Tuesday elected liberal Janet Protasiewicz to the state Supreme Court, flipping control to a liberal majority ahead of rulings on an abortion ban and other matters that could play a role in the 2024 presidential election. Protasiewicz defeated conservative candidate Daniel Kelly in what …

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Drugmaker AbbVie trims profit forecasts on IPR&D expenses

(Reuters) -AbbVie Inc on Wednesday lowered its full-year and first-quarter profit expectations, citing a $150 million hit from acquired in-process research and development (IPR&D) and milestone expenses. The drugmaker’s shares were down nearly 1% at $159.50 in extended trade. The company estimated first-quarter adjusted earnings to be between $2.31 and $2.41 per share from an …

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FDIC retains BlackRock unit for Signature Bank, SVB securities portfolio sale

(Reuters) – The Federal Deposit Insurance Corporation (FDIC) has retained BlackRock Inc unit Financial Market Advisory to sell the securities portfolios it kept in receivership after the collapse of Signature Bank and Silicon Valley Bank. The face values of the two portfolios are about $27 billion and $87 billion, the regulator said in a statement …

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Rising consumer prices in Mexico eased to a 17-month low in March

MEXICO CITY (Reuters) -Mexico’s annual inflation slowed in March by more than expected to 6.85%, the lowest rate in nearly 1-1/2 years, although core price pressures remained elevated, data from national statistics agency INEGI showed on Wednesday. The March reading was the lowest since October 2021, and came in slightly below the consensus forecast of …

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Wall St ends lower, Treasury yields slide as data fuels recession jitters

By Stephen Culp NEW YORK (Reuters) – U.S. stocks lost ground on Wednesday and Treasury yields extended their decline as a batch of data fueled worries that restrictive central bank policies could push the global economy into recession. The S&P 500 closed in negative territory, and megacap momentum stocks dragged the tech-heavy Nasdaq down more …

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