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US Declines to Force Lower Price on Cancer Drug Xtandi
21Mar By Jobber WikiNo Comments
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US Declines to Force Lower Price on Cancer Drug Xtandi

WASHINGTON (Reuters) - The U.S. government will not force Pfizer Inc and Astellas Pharma Inc to lower the price of their prostate cancer drug Xtandi using its emergency "march-in" authority, the National Institutes of Health (NIH) said on Tuesday.March-in rights, which have never been used before, allow the government to grant additional licenses to third parties for products developed using federal funds if the original patent holder does not make them available to the public on reasonable terms.Xtandi's wholesale cost is between $160,000-$180,000 per patient a year.Patient group the Union for Affordable Cancer Treatment first filed a petition calling on the NIH to use its authority to lower the drug's price in March 2016.The NIH said in a letter made public on Tuesday that its analyse...
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US Tells China Not to Overread Likely Taiwan President Visit
21Mar By Jobber WikiNo Comments
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US Tells China Not to Overread Likely Taiwan President Visit

WASHINGTON (AP) — The Biden administration is putting out the word in advance that an expected unofficial stopover in the United States by Taiwan President Tsai Ing-wen would fall in line with recent precedent and should not be used as a pretext by Beijing to step up aggressive activity in the Taiwan Strait.In recent weeks, senior U.S. officials in Washington and Beijing have underscored to their Chinese counterparts that transit visits through the United States during broader international travel by the Taiwanese president have been routine in recent years, according to a senior administration official. The official spoke on the condition of anonymity to discuss the sensitive matter.In such visits in recent years, Tsai has met with members of Congress and the Taiwanese diaspora and has...
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Factbox-Ernie Vs ChatGPT on Global Leaders
20Mar By Jobber WikiNo Comments
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Factbox-Ernie Vs ChatGPT on Global Leaders

BEIJING (Reuters) - Baidu's unveiling of its Ernie bot last week thrust the Chinese search engine giant into a race against global tech peers Microsoft and Google who are also building powerful artificial intelligence-driven chatbots and products.Questions had remained over how Ernie and other Chinese chatbots in development would treat topics that are sensitive in mainland China, where authorities tightly censor the internet.Reuters' tests of ChatGPT indicated that the Microsoft-backed chatbot is not averse to answering such questions.Baidu last Thursday allowed users to apply for invitation codes to access Ernie, and Reuters tests on Monday showed it will decline questions about Chinese President Xi Jinping, saying it has not yet learnt to answer.These were some of the summarized answ...
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Swiss to Hold News Conference Amid Credit Suisse Troubles
19Mar By Jobber WikiNo Comments
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Swiss to Hold News Conference Amid Credit Suisse Troubles

Swiss leaders are holding a news conference Sunday night following several media reports that banking giant UBS is believed to be in talks to acquire its smaller rival Credit Suisse in an effort to avoid further market-shaking turmoil in global banking.The Federal Council, the seven-member governing body that includes Swiss President Alain Berset, is expected to announce that UBS is acquiring Credit Suisse in a potential deal brokered by the Swiss government.The 167-year-old Credit Suisse already received a $50 billion (54 million Swiss francs) loan from the Swiss National Bank, which briefly caused a rally in the bank's stock price. Yet the move did not appear to be enough to stem an outflow of deposits, according to news reports.Still, many of Credit Suisse’s problems are unique and d...
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Biden Hosting Irish Prime Minister on St. Patrick’s Day
17Mar By Jobber WikiNo Comments
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Biden Hosting Irish Prime Minister on St. Patrick’s Day

WASHINGTON (AP) — President Joe Biden is set to host Ireland's prime minister on Friday, after the COVID-19 pandemic scuttled the longstanding St. Patrick's Day meetup two years in a row.Leo Varadkar, known as the taoiseach, and his partner, Matthew Barrett, will attend a breakfast with Vice President Kamala Harris and her husband, Doug Emhoff. Then they will head to the U.S. Capitol for a lunch with congressional leaders and Biden before the two leaders convene.The meeting with one of the top U.S. allies comes after Biden said he plans to visit both the Republic of Ireland and Northern Ireland this year, the 25th anniversary of the U.S.-brokered Good Friday accord, which helped end sectarian violence that had raged for three decades over the issue of Northern Ireland unifying with Irel...
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Analysis-For Goldman Sachs, SVB’s Botched Stock Sale Had a Silver Lining
16Mar By Jobber WikiNo Comments
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Analysis-For Goldman Sachs, SVB’s Botched Stock Sale Had a Silver Lining

By Echo Wang, Lananh Nguyen and David FrenchNEW YORK (Reuters) - As SVB Financial Group wrestled with a capital shortfall and the prospect of a downgrade to its credit rating last week, it went to Goldman Sachs Group Inc and worked out an unusual two-part plan, according to people familiar with the discussions.The investment bank would buy a $21.5 billion bond portfolio from SVB to boost its coffers, after startups began pulling their deposits from the technology-focused lender, which does business as Silicon Valley Bank.But there was a hitch. Goldman's offer for the portfolio was worth $1.8 billion less than the book value SVB had assigned to it, because a rise in interest rates had made it less valuable. SVB would have to book a loss on the portfolio, which comprised U.S. Treasuries a...
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U.S. Senate Leader Schumer Urges Federal Safety Probe Into All Major Freight Railroads
15Mar By Jobber WikiNo Comments
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U.S. Senate Leader Schumer Urges Federal Safety Probe Into All Major Freight Railroads

WASHINGTON (Reuters) - U.S. Senate Majority Leader Chuck Schumer on Wednesday urged the National Transportation Safety Board to launch an investigation into safety practices of all seven major freight railroads, following the East Palestine, Ohio derailment.The companies, in addition to Norfolk Southern, are BNSF Railway, CSX, Union Pacific, Canadian National, Canadian Pacific, and Kansas City Southern, Schumer said in a letter to the agency.Schumer said that over the past five years, these freight rail companies have had "over 26,500 accidents and incidents and 2,768 deaths, all while cutting roughly 20% of their workforce."On Feb. 3, a Norfolk Southern train carrying hazardous materials derailed in East Palestine, Ohio, resulting in the release of over 1 million gallons of harmful pol...
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U.S. Monitoring Developments at First Republic, Other Regional Banks -White House
14Mar By Jobber WikiNo Comments
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U.S. Monitoring Developments at First Republic, Other Regional Banks -White House

WASHINGTON (Reuters) - The White House is carefully monitoring developments at First Republic and other smaller banks after Sunday's actions to protect depositors following the collapse of Silicon Valley Bank and Signature Bank last week, a senior White House official said on Tuesday.Asked if there was still a danger of runs on other banks, the official said the U.S. banking system was in "a vastly better position right now" than if the actions had not been taken, and depositors should have confidence their funds would be protected.The White House is also keeping close watch on any outflows of money to larger banks, and remains committed to ensuring robust competition in the banking sector, the official said.(Reporting by Andrea Shalal; Editing by Leslie Adler)Copyright 2023 Thomson Reu...
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2 Foreign Tourists Die in Kenya Nature Reserve Crash
12Mar By Jobber WikiNo Comments
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2 Foreign Tourists Die in Kenya Nature Reserve Crash

NAIROBI, Kenya (AP) — Two foreign tourists, German and Swiss nationals, have died after the vehicle they were traveling in veered off the road and overturned in Kenya’s Maasai Mara national reserve, police said Sunday.The crash happened after the vehicle car got stuck in the mud and veered off the road on Saturday, police said.One other tourist was injured and two others, a German and a Swiss national, escaped unhurt. They were part of a tour group, but it wasn't immediately clear who was driving the vehicle.The injured tourist was airlifted to a hospital in Kenya’s capital, Nairobi, Maasai Mara Chief Warden Stephen ole Mining said.Police spokesperson Resila Onyango said the crash was under investigation.Political Cartoons on World Leaders Political CartoonsMaasai Mara national reserve ...
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IS Group Says It Killed More Than 35 ‘Christians’ in Congo
11Mar By Jobber WikiNo Comments
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IS Group Says It Killed More Than 35 ‘Christians’ in Congo

DAKAR, Senegal (AP) — The Islamic State group has issued a statement claiming responsibility for killing more than 35 people and wounding dozens in eastern Congo.In the statement, posted Friday by Aamaq, the militants' news agency, it said it killed “Christians” with guns and knives and destroyed their property in Mukondi village in North Kivu province. It also published a photo of the houses on fire.The announcement comes after local authorities confirmed that at least 45 people were killed last week in several attacks on different villages by rebels from the Allied Democratic Forces, a militia with links to IS.Conflict has been simmering in eastern Congo for decades as more than 120 armed groups fight for power, influence and resources, and some to protect their communities. The ADF h...
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