Author: Press Room

© Reuters. FILE PHOTO: Microsoft logo is seen on a smartphone placed on displayed Activision Blizzard logo in this illustration taken January 18, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Diane Bartz WASHINGTON (Reuters) -U.S. antitrust enforcers argued on Wednesday that a federal judge got it wrong when she ruled that Microsoft (NASDAQ:)’s $69 billion deal to buy “Call of Duty” maker Activision Blizzard (NASDAQ:) was legal under competition law, in their latest attempt to stop the deal. Microsoft closed the deal on Oct. 13 after winning approval from British regulators. The deal was originally proposed in January 2022 as the biggest…

monsitj JP Morgan initiated coverage of Cargo Therapeutics (NASDAQ:CRGX) with an overweight rating, citing encouraging Phase 1 data for its drug candidate CRG-022 in the treatment of large B-cell lymphoma. “The magnitude of clinical response in Phase 1 positions CRG-022 as the key treatment option for the growing CD19 failure market,” the bank analysts wrote in a note. “More importantly, it provides a solid support to CRGX’s valuation.” JP Morgan said it estimated peak sales for CRG-022 of $1.1B from CD19 treatment failure alone. The investment bank set its price target for the stock at $23. More on CARGO Therapeutics,…

WASHINGTON (AP) — Congressional Democrats have introduced legislation that would allow people convicted of a felony to vote in federal elections, a proposal that if enacted could restore the voting rights of millions of people in U.S. elections.Rep. Ayanna Pressley of Massachusetts and Sen. Peter Welch of Vermont submitted the legislation, named the Inclusive Democracy Act, on Tuesday which would guarantee the right to vote in federal elections for all citizens regardless of their criminal record.MINNESOTA LAW LETTING EX-FELONS VOTE TAKES EFFECTIn a statement, Pressley said the legislation was necessary due to policies and court rulings that “continue to disenfranchise…

Dogs across the US are getting hit with a mysterious respiratory illness, and researchers are struggling to find the roots.Read the original article on Business Insider

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Michael Gove’s plans to cap ground rents in England and Wales risks leaving the government open to a multibillion-pound compensation claim from institutional investors, a trade body has warned.The UK levelling up secretary has said he is “immovable” in his determination to reform the system of leasehold property, which he has called “feudal”.But investor groups and legal experts have warned that capping ground rents on existing leases at nominal, or so-called “peppercorn”, rates without compensation would amount to expropriation of assets.In a…

© Reuters. Mexico’s Central Bank Governor Victoria Rodriguez Ceja poses for a photo after an interview with Reuters at the annual banking convention, in Acapulco, Mexico March 25, 2022. REUTERS/Javier Verdin/File Photo MEXICO CITY (Reuters) – Mexico’s financial system has a resilient and solid position despite a complex global outlook, central bank Governor Victoria Rodriguez said on Wednesday. The banking system for Latin America’s No. 2 economy showed resiliency in stress tests probing its solvency and liquidity, the Bank of Mexico’s financial stability report said. Risks to Mexico’s financial stability include the possibility of a further slowdown in the global…

© Reuters. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 17, 2023. REUTERS/Brendan McDermid/File Photo By Noel Randewich and Amruta Khandekar (Reuters) – U.S. stocks were mixed on Wednesday as signs of a cooling jobs market reinforced expectations that the Federal Reserve could start cutting interest rates early next year, while weakness in energy shares limited gains. The ADP National Employment report showed private payrolls increased by 103,000 jobs in November, below economists’ expectation of 130,000. That provided fresh evidence of labor market weakness, a day after news…

© Reuters. NEW YORK – Citi analysts are projecting a difficult year ahead for energy stocks in 2024, following the Organization of the Petroleum Exporting Countries and allies (OPEC+) decision to cut production. The analysts anticipate an oversupply in the oil market that could lead to asset price deflation and lower commodity prices. This comes as a significant shift from the market squeeze previously orchestrated by OPEC+. According to Citi’s analysis, there is an expected excess in spare capacity of over 3 million barrels per day, which may contribute to a drop in oil equities’ performance. As a result, West…

Simulations Plus director sells stock worth $2.3M – filing

President Biden called on congressional Republicans on Wednesday to put aside “petty, partisan, angry politics” and pass a multibillion-dollar aid package for Ukraine, warning that failure to do so could enable President Vladimir V. Putin of Russia to reclaim momentum in the war and even draw in American troops.The president said that he was willing to make “significant compromises” on border security to satisfy Senate Republicans who have refused to support further Ukraine aid without a new crackdown on illegal immigration. But Mr. Biden complained that they have been unwilling to back off what he characterized as “extreme” demands.Republicans have…