Reuters USA - Squid Business

Lilly sues online vendors, medical spa over copycat weight-loss drugs

By Patrick Wingrove (Reuters) – Eli Lilly said on Monday it sued three medical spas and online vendors for selling products claiming to contain tirzepatide, the main ingredient in its popular weight-loss medicine Zepbound, including in the form of dissolvable tablets. The new lawsuits, which name Pivotal Peptides, MangoRx and Genesis Lifestyle Medicine of Nevada, …

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Biden administration proposes free over-the-counter birth control

By Ahmed Aboulenein WASHINGTON (Reuters) – The Biden administration is proposing a rule that would provide women with private insurance access to over-the-counter birth control pills and other contraceptives at no cost, the White House said on Monday. The rule, which expands a federal mandate requiring health insurers to cover preventative care services at no …

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STOXX 600 subdued with key earnings on tap; energy shares jump

By Paolo Laudani and Ankika Biswas (Reuters) -European shares struggled for direction on Monday, after two back-to-back weekly gains, ahead of a series of marquee corporate earnings, although stabilising oil prices buoyed the energy sector. The continent-wide STOXX 600 was unchanged at 0845 GMT, having swung between slight gains and losses. The index ended higher …

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Emirates buys five Boeing 777F, weighs further freighter orders

(Reuters) – Dubai’s Emirates has ordered five Boeing 777F freighters and will make a decision this year on a purchase of further Boeing or Airbus models for its fleet beyond 2028/29, the airline said on Monday. The announcement confirms a Reuters report last week that Emirates had ordered current-generation 777F freighters in September, part of …

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ECB’s Simkus says rates may need to go below ‘natural’ level

VILNIUS (Reuters) – The European Central Bank is likely to cut its key interest rate down to its “natural” level between 2% and 3% but it may need to reduce it even further if a fall in inflation becomes entrenched, ECB policymaker Gediminas Simkus said on Monday. “If the disinflation processes get entrenched… it’s possible …

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Take Five: Up and away

(Reuters) -Start your electric engines, Tesla is the first of the “Magnificent Seven” to report earnings, while finance chiefs descend on Washington and markets get a taste of how business activity is holding up in October just as the U.S. election looms. Here’s your look at what matters for markets this week from Kevin Buckland …

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German producer prices fall more than expected in September

BERLIN (Reuters) – German producer prices fell more than expected in September, declining 1.4% year on year, due mainly to significantly lower energy prices, the federal statistics office said on Monday. Analysts polled by Reuters had expected a 1.0% decline. The main reason for the dip was lower energy prices, which were 6.6% lower in …

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IMF, World Bank meetings clouded by wars, slow economic growth, US election

By David Lawder WASHINGTON (Reuters) – Global finance chiefs will gather in Washington this week amid intense uncertainty over wars in the Middle East and Europe, a flagging Chinese economy and worries that a coin-toss U.S. presidential election could ignite new trade battles and erode multilateral cooperation. The International Monetary Fund and World Bank annual …

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Elon Musk’s election promise of $1 million daily giveaway sparks call for probe

By Jarrett Renshaw HARRISBURG, Pennsylvania (Reuters) -Pennsylvania’s Democratic governor, Josh Shapiro, on Sunday called on law enforcement to investigate billionaire Elon Musk for his promise at a weekend pro-Trump rally to give away $1 million each day until Election Day. Musk on Saturday gave a $1 million check to an attendee at the rally in …

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Harris campaign reports spending $270 million in Sept, well above Trump’s outlays of $78 million

By Jason Lange WASHINGTON (Reuters) – Kamala Harris entered the final full month of the U.S. presidential election campaign vastly outspending Donald Trump, as both candidates put tens of millions of dollars into television ads ahead of the Nov. 5 contest, according to financial disclosures filed on Sunday. The campaigns are racing the final stretch …

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