By Khushi Mandowara (Reuters) -The U.S. Food and Drug Administration on Friday approved Pfizer Inc’s nasal spray for migraine, giving patients access to a potentially fast-acting pain-relief option for headaches. The drug Zavzpret, also known as zavegepant, was approved for the treatment of acute migraine with or without aura in adults, the company said. Aura …
US FDA approves Pfizer’s pain-relief nasal spray for migraine Read More »
LONDON (Reuters) -Assets invested in U.S. money market funds have reached a new all-time high of $4.9 trillion this year, as soaring short-term interest rates have sent investors rushing into cash, BofA Global Research said on Friday. Money market funds invest in highly liquid near-term instruments such as cash and short term debt securities. So …
Investor dash for cash pumps U.S. money market funds to record high – BofA Read More »
(Reuters) – Global equity funds drew their first weekly inflow in four weeks in the seven days to March 8 after strong consumption boosted the service sector in some major economies, easing worries over a recession. Still, expectations for further rate hikes by the Federal Reserve to curb inflation capped inflows. Data from Refinitiv Lipper …
Global equity funds draw first weekly inflow in four weeks – Refinitiv data Read More »
By Luc Cohen NEW YORK (Reuters) – A U.S. judge is expected on Friday to consider what restrictions Sam Bankman-Fried should face while free on bail, and whether the FTX cryptocurrency exchange founder’s Oct. 2 fraud trial should be pushed back. Bankman-Fried is fighting to stay out of jail after U.S. District Judge Lewis Kaplan …
Judge to weigh Bankman-Fried’s trial schedule, bail conditions at hearing Read More »
By Helen Coster and Jack Queen (Reuters) – As Fox Corp defends itself against a high-profile defamation lawsuit brought by Dominion Voting Systems, the network is questioning how the once-obscure company could claim it deserves to be awarded more than $1.6 billion in damages. Dominion was thrust into the national spotlight in the wake of …
Analysis-Is Dominion Voting case against Fox News worth as much as $1.6 billion? Read More »
(Reuters) -New York government officials on Thursday sent a letter to pharmacy operators CVS Health Corp, Walgreens Boot Alliance and Rite Aid Corp, asking about their plans to make abortion pill mifepristone available in the state. The letter from New York Governor Kathy Hochul and Attorney General Letitia James asked the companies to respond in …
New York officials ask 3 pharmacy chains for plans on abortion drug access Read More »
By David Shepardson WASHINGTON (Reuters) -The Biden administration told Congress on Thursday its pick to head the Federal Aviation Administration (FAA) is fully qualified and does not violate a law requiring civilian leadership. Republicans question whether Denver International Airport Chief Executive Officer Phil Washington has the required aviation experience needed to serve as top U.S. …
USDOT defends ‘fully qualified’ Biden aviation nominee Read More »
By David Shepardson WASHINGTON (Reuters) -A U.S. Senate committee harshly criticized rail operator Norfolk Southern and pressed it to back safety reforms on Thursday after a devastating Feb. 3 derailment in East Palestine, Ohio, of a freight train carrying hazardous materials. Since the Ohio derailment that caused cars carrying toxic vinyl chloride and other hazardous …
Norfolk Southern faces harsh US Senate criticism after Ohio derailment Read More »
(Reuters) – Kansas’ Republican-led legislature on Thursday passed a bill that would ban transgender athletes from playing girls or women’s school sports if they were born male. Kansas Governor Laura Kelly, a Democrat, is expected to veto the bill, as she vetoed two similar measures in the previous two years. But this year the bill …
Kansas legislature passes bill to ban transgender athletes from girls’ sports Read More »
By Krystal Hu, Anna Tong and Ananya Mariam Rajesh (Reuters) – SVB Financial Group scrambled on Thursday to reassure its venture capital clients their money was safe after a capital raise led to its stock collapsing 60% and contributed to wiping out over $80 billion in value from bank shares. SVB, which does business as …
Silicon Valley Bank scrambles to reassure clients after 60% stock wipe-out Read More »
