Author: Press Room
A new malaria vaccine developed at Oxford university has won approval by health authorities in Ghana, the first regulatory clearance for a jab that promises to reinvigorate the fight against a disease that is a leading cause of infant mortality worldwide.The Serum Institute of India, which manufactures the vaccine called R21, said on Thursday that the preventive had received “full national licensure” from Ghana’s Food and Drugs Authority. The institute said R21 could be rolled out at “mass scale and modest cost, enabling . . . hundreds of millions of doses to be supplied to African countries which are suffering a significant malaria burden”.Adrian…
The federal appeals court ruling Wednesday night that is keeping medication abortion drugs available is likely to complicate abortion access across the country, even in places where the procedure is legal. Since the Supreme Court overturned of Roe v. Wade last year, abortion pills – and the US Food and Drug Administration’s rules that allowed patients to obtain them without an in-person visit to an abortion provider – have become a crucial tool for mitigating some of the burdens abortion clinics have felt after the Roe reversal sent them a flood of patients from states where abortion is now illegal.…
Shares of Bank of America Corp. BAC slipped 0.80% to $28.48 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX falling 0.41% to 4,091.95 and Dow Jones Industrial Average DJIA falling 0.11% to 33,646.50. The stock’s fall snapped a three-day winning streak. Bank of America Corp. closed $11.89 below its 52-week high ($40.37), which the company achieved on April 20th. The stock underperformed when compared to some of its competitors Wednesday, as JPMorgan Chase… Read the full article here
Oil futures climbed on Tuesday, with U.S. prices settling at their highest since January and global benchmark Brent crude marking its highest finish in about five weeks. Gains in prices for both oil benchmarks follow Monday’s settlements at month-to-date lows, with prices pressured by worries over the outlook for energy demand, but also finding support from expectations for tighter global supplies. Price actionMarket drivers The… Read the full article here
Gold futures settled Wednesday at their highest in nearly a week, as the dollar declined on the back of U.S. data showing a smaller-than-expected rise in March consumer prices and a slowdown in the yearly rate of inflation. Following the session’s settlement, futures prices for the precious metal edged higher in electronic trading following the release of minutes from the March Federal Open Market Committee meeting. Price action Gold for June delivery GCM23, +1.50% climbed $5.90, or 0.3%, to settle at $2,024.90 an ounce on Comex, the highest most-active contract finish since April 6, FactSet data show. May silver SIK23,…
© Reuters By Yasin Ebrahim Investing.com — The S&P 500 cut losses Monday but upside momentum was kept in check by an Apple-infused slip in big tech and jitters about further Federal Reserve tightening following a strong March jobs report. The was down 0.1%, the added 0.2%, or 52 points, and the fell 0.2%. Apple personal computer shipments declined by 40.5% in the first quarter, according to market research firm IDC, impacted by weak demand and high inventory. Apple Inc (NASDAQ:) fell about 2%, with Alphabet Inc (NASDAQ:) and Microsoft Corporation (NASDAQ:) also leading to the downside. Sentiment on growth…
(Reuters) – ENSO-neutral conditions are expected to continue through the Northern Hemisphere spring, followed by a 62% chance of El Niño developing during May-July 2023, a U.S. government weather forecaster said on Thursday. The El Niño phenomenon is a warming of ocean surface temperatures in the eastern and central Pacific, sometimes causing crop damage, flash floods or fires. Read the full article here
By Karen Brettell NEW YORK (Reuters) – The dollar fell and the euro hit a one-year high against the U.S. currency on Thursday after producer prices fell last month, adding to expectations that the Federal Reserve is nearing the end of its tightening cycle. Wholesale prices fell 0.5% in March and core prices dipped 0.1%. Other data showed that the number of Americans filing new claims for unemployment benefits increased more than expected last week, a further sign that labor market conditions were loosening up as higher borrowing costs dampen demand in the economy. The euro reached $1.10470, the highest…
By Howard Schneider WASHINGTON (Reuters) – Jeffrey Haley, the CEO of American National Bank and Trust Company, saw the crunch coming at the start of 2023. Rising interest rates and a slowing economy to him meant that loan growth would likely fall by half as the Danville, Virginia-based community bank turned its focus to better-quality, higher-yielding credit, worrying little about volume. Then a pair of U.S. regional banks abruptly failed in mid-March. Instinct told him things would tighten further, with loan growth plunging to perhaps a quarter of what it was in 2022, when his bank’s loan book grew by…
Plaid, a company known for connecting customers’ bank accounts with fintech apps, is expanding to provide real-time bank transfers. The updated service allows businesses to disburse loan payments, insurance payouts or wages instantly. Plaid’s Transfer service helps businesses, mostly other fintechs, move funds between bank accounts. The product now utilizes the Real Time Payments (RTP) network, a five-year-old money movement platform owned by a consortium of large U.S. banks, allowing for instant bank transfers. Before adding support for RTP, all transactions occurred using the dominant, decades-old system for bank-to-bank fund transfers in America, the Automated Clearing House (ACH). ACH transfers…
