(Reuters) – Wall Street’s main indexes opened lower on Wednesday, as a rally in technology and growth stocks eased, while higher oil prices stoked worries of a further rise in global inflation. The Dow Jones Industrial Average fell 93.07 points, or 0.2…
Dozens of abuse survivors sue FBI over Nassar investigation
By Brendan O’Brien (Reuters) – More than 90 women filed lawsuits on Wednesday against the FBI, accusing former agents at the agency of botching the sex abuse investigation into onetime USA Gymnastics doctor Larry Nassar, one of the law firms handling t…
After lockdown, Shanghai tries to mend fences with foreign firms
SHANGHAI (Reuters) – Shanghai officials are seeking to revive confidence among multinational firms bruised and frustrated by the city’s COVID-19 lockdown, by holding multiple meetings with foreign firms and easing a key border requirement for overseas …
S.Korea, U.S., Japan lambaste N.Korea missile tests, urge return to talks
SEOUL (Reuters) – North Korea’s recent missile tests were “serious, unlawful” provocations, senior officials from South Korea, the United States and Japan said on Wednesday, urging Pyongyang to return to dialogue and accept offers of COVID-19 aid. Sout…
Shares waver as sentiment ebbs on rate fears, yields rise
By Herbert Lash NEW YORK (Reuters) – U.S. and European stocks slid on Wednesday as the outlook for rate hikes sullied sentiment, while bond yields rose after euro-zone gross domestic product beat expectations, adding to bets of a more hawkish European …
Actor Matthew McConaughey makes emotional plea for gun laws at White House
By Steve Holland and Nandita Bose WASHINGTON (Reuters) -Actor and Uvalde, Texas, native Matthew McConaughey met with President Joe Biden on Tuesday, and urged more congressional action on gun violence in an emotional speech, sharing stories of those wh…
Surging drug prices targeted in U.S. study of pharmacy middlemen
By Diane Bartz and Leroy Leo (Reuters) -The U.S. Federal Trade Commission is looking into how big pharmacy benefit managers like CVS Caremark affect pricing and patients’ access to prescription drugs at a time when costs of some medicines, even older o…
U.S. IRS ‘under siege’, Yellen says, needs $80 billion to beef up tax work
By Andrea Shalal WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen on Tuesday urged Congress to approve $80 billion in funding for the Internal Revenue Service to help the agency reduce a huge backlog of tax returns and allow it to go after $6…
Novavax says COVID vaccine for U.S. to be manufactured by India’s Serum
(Reuters) – Novavax Inc said on Tuesday that its COVID-19 vaccine initially available in the United States, if authorized, will be manufactured by the Serum Institute of India. “So all vaccines that are being distributed globally commercially are being…
Comics feature U.S. Supreme Court’s newest women appointees
By Alicia Powell NEW YORK (Reuters) – U.S. Supreme Court Justice Amy Coney Barrett is the latest to join the pantheon of TidalWave Comics’ “Female Force” series, followed by the latest appointee to the bench, Ketanji Brown Jackson. The story of Barrett…