Author: Press Room

The head of the Universities of Wisconsin system declined to reveal what the school’s regents discussed in a closed meeting Tuesday, after the collapse of a contentious deal with Republican lawmakers that would have required campuses to slash diversity positions and scrap an affirmative action program at UW-Madison in exchange for employee raises and funding for construction projects.The regents met in a closed video conference Tuesday morning to “deliberate and negotiate funding proposals and matters,” according to the agenda. Universities of Wisconsin President Jay Rothman declined to comment on what was said, repeatedly stating in a brief interview with reporters…

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The UN has adopted a resolution demanding a humanitarian ceasefire in Gaza, as well as the “immediate and unconditional” release of all hostages, in the latest sign that Israel is losing international support. The resolution passed with 153 members of the General Assembly voting in favour, including China, Russia and France. Austria, the US and Israel were three of only 10 countries that voted against the resolution, while 23 abstained from the vote. Austria’s ambassador introduced an amendment to the resolution that specified Hamas’s role in the conflict, but the amendment failed to pass the vote. The US and Israeli ambassadors to the…

© Reuters. U.S. President Joe Biden and Ukraine President Volodymyr Zelenskiy shake hands across the table during a meeting in the East Room of the White House in Washington, U.S. September 21, 2023. REUTERS/Kevin Lamarque/File Photo WASHINGTON (Reuters) – U.S. President Joe Biden told Ukrainian President Volodymyr Zelenskiy not to give up hope in his country’s fight against Russia’s invasion as the two leaders met in Washington to discuss support for Kyiv. “We’re going to stay at your side,” Biden told Zelenskiy. Earlier on Tuesday, Biden urged the U.S. Congress to fund additional aid before leaving for its holiday recess…

© Reuters. Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., December 11, 2023. REUTERS/Brendan McDermid By Chuck Mikolajczak NEW YORK (Reuters) -U.S. stocks closed at fresh highs of the year on Tuesday, after inflation data did little to alter views for the timing of a rate cut by the Federal Reserve, as investors awaited the central bank’s last policy decision of the year on Wednesday. The November Consumer Price Index (CPI) rose 3.1% on an annual basis, in line with estimates from economists polled by Reuters, as a drop in gasoline…

Lisa Maree Williams/Getty Images News The $5 a share contingent value right in Astrazeneca’s (NASDAQ:AZN) planned $1.1 billion purchase of Icosavax (NASDAQ:ICVX) is based on FDA approval of RSV vaccine candidate IVX-A12 and some sales metrics. The $4 a share CVR is based on the FDA approving IVX-A12, any vaccine incorporating IVX-A12 or any vaccine covered by the company’s patent rights prior ot the sixth anniversary of the effective time of the merger, according to a filing late Tuesday. The $1 per share CVR is based on if a selling entity achieves $200 million in net sales of all products…

President Biden told Israel’s leaders on Tuesday that they were losing international support for their war in Gaza, exposing a widening rift with Prime Minister Benjamin Netanyahu, who rejected out of hand the American vision for a postwar resolution to the conflict.Mr. Biden delivered the blunt assessment of America’s closest ally in the Middle East during a fund-raiser in Washington, where he described Mr. Netanyahu as the leader of “the most conservative government in Israel’s history,” which doesn’t “want anything remotely approaching a two-state solution” to the country’s long-running dispute with Palestinians.The president said that Israel had support from Europe…

On Tuesday, Trump “explained” cancelling Monday’s planned testimony at his NY fraud trial.He said he “wanted” to testify, but that a gag order took away “my right to defend myself.” The gag only bars statements about the judge’s legal staff and hadn’t stopped his prior testimony. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app A day after Donald Trump was set to testify, for a second time, at his New York civil fraud trial, he has now “explained” his last-minute decision to cancel.He’d “wanted” to testify, he…

Stay informed with free updatesSimply sign up to the Global Economy myFT Digest — delivered directly to your inbox.This article is an on-site version of our FirstFT newsletter. Sign up to our Asia, Europe/Africa or Americas edition to get it sent straight to your inbox every weekday morningGood morning. Joe Biden said Benjamin Netanyahu must change tack, warning that Israel’s “indiscriminate bombing” in Gaza risked leaving the country isolated.Offering his harshest criticism of the Israeli prime minister’s far-right coalition since Israel began its military offensive in response to Hamas’s October 7 attack, the US president said Israel is “starting to…

© Reuters. FILE PHOTO: Japanese national flag is hoisted atop the headquarters of Bank of Japan in Tokyo, Japan September 20, 2023. REUTERS/Issei Kato/File Photo By Leika Kihara TOKYO (Reuters) -Japan’s central bank chief faces a key test of his communication skills at next week’s monetary policy meeting, where he is expected to keep alive prospects of an end to negative rates while hosing down excitement that such a move is imminent. Less than a year into the job, Bank of Japan Governor Kazuo Ueda has already wrong-footed markets twice in comments about the future of policy, most recently last…