By Khushi Mandowara and Mariam ESunny (Reuters) – A panel of outside advisers to the U.S. health regulator on Tuesday recommended Pfizer Inc’s respiratory syncytial virus (RSV) vaccine, bringing it closer to becoming one of the first approved RSV shots for older adults in the United States. The Food and Drug Administration’s (FDA) advisory committee …
Pfizer gets FDA panel’s backing in RSV vaccine race Read More »
(Reuters) – U.S. President Joe Biden’s plan to forgive federal student loans, first announced in August, was blocked by two legal challenges. It is being scrutinized by the Supreme Court on Tuesday, clouding the financial future for millions of American students and graduates. Biden said in November he was confident the plan is legal, and …
Explainer-What’s the latest on Biden’s U.S. student loan forgiveness? Read More »
By David Shepardson WASHINGTON (Reuters) – The Federal Aviation Administration needs permanent leadership and is at a “crossroads,” President Joe Biden’s nominee to head the agency plans to tell U.S. lawmakers in written remarks seen by Reuters on Tuesday. Nominee Phil Washington, currently CEO of Denver International Airport, will tell U.S. Senators at his confirmation …
Biden nominee says FAA needs permanent leader, warns agency at ‘crossroads’ Read More »
By Jonathan Allen (Reuters) – Tennessee Governor Bill Lee said he would sign into law bills that passed the legislature last week banning gender-affirming treatment for transgender youth and restricting drag performances in public. Speaking to reporters outside a school on Monday, Lee, a Republican, also addressed a high-school yearbook photograph that appeared to show …
Tennessee governor will sign bills restricting drag, transgender youth treatment Read More »
WASHINGTON (Reuters) – U.S. Senate Republican leader Mitch McConnell called on Congress on Tuesday to increase defense spending in the coming year to confront what he termed growing threats from Russia and China. “In this environment, we need to continue to plus up defense,” McConnell told reporters, adding that other NATO countries also need to …
McConnell calls for higher US defense spending over the next year Read More »
By Nate Raymond (Reuters) – In the first ruling written by President Joe Biden’s appointee Justice Ketanji Brown Jackson, the U.S. Supreme Court on Tuesday sided with 30 states that argued that Delaware had no right keep hundreds of millions of dollars in uncashed MoneyGram checks for itself. The ruling authored by Jackson, who was …
In Justice Jackson’s first ruling, US Supreme Court decides MoneyGram case Read More »
By Pete Schroeder WASHINGTON (Reuters) -U.S. banks reported a 5.8% decline in profits in 2022 as firms spent more on noninterest items and provision expenses against future losses, the Federal Deposit Insurance Corporation reported Tuesday. Bank profits dropped 4.6% in the last quarter of 2022, but overall profits remain above average profits seen by the …
Higher expenses weigh down U.S. bank profits in 2022 – FDIC Read More »
NEW YORK (Reuters) – Goldman Sachs Group Inc’s Chief Executive David Solomon and top executives will give investors an update on their strategy on Tuesday. Here are biographies of key leaders who will speak at the second investor day in the Wall Street firm’s 154-year history. The speaker biographies are based on company documents, statements …
Goldman Sachs executives to rally investors in New York Read More »
By Ismail Shakil and Steve Scherer OTTAWA (Reuters) -The Canadian economy unexpectedly stalled in the final three months of 2022, but likely rebounded in January, data showed on Tuesday, a result that backs up the Bank of Canada’s aim to keep interest rates on hold at its next policy meeting in March. Annualized fourth-quarter gross …
Canada’s economy unexpectedly stalled in Q4, backing up interest rate pause Read More »
MEXICO CITY (Reuters) -Electric vehicle maker Tesla Inc. will build a major new plant in the northern Mexican city of Monterrey, President Andres Manuel Lopez Obrador said on Tuesday, dispelling concerns his government could block the deal over water shortages. The news gives a boost to Mexico, which is seeking to benefit from geopolitical tensions …
Tesla to go ahead with major Mexico plant, Mexican president says Read More »
