(Reuters) – British drugmaker GSK said on Friday it would seek a dismissal of an upcoming Zantac case in Florida, where plaintiffs alleged that its discontinued heart burn drug had caused prostate cancer. The move followed a Florida court ruling on Thursday in favour of GSK and other defendants. The ruling excluded testimony from experts […]
Ford to recall about 85,000 vehicles due to risk of engine fire
(Reuters) -Ford Motor is recalling about 85,000 Explorer SUVs equipped with the Police Interceptor Utility package over concerns of an engine fire, the National Highway Traffic Safety Administration said on Friday. In the event of an engine failure, engine oil and fuel may be released into the engine compartment and accumulate near ignition sources such […]
ExodusPoint’s assets drop $1 billion in first half
By Carolina Mandl NEW YORK (Reuters) – ExodusPoint Capital Management reported a $1 billion drop in assets under management in the first half of 2024, according to a regulatory filing. The filing gave no reason for the drop but a source familiar with the matter said it was due to withdrawals of money by clients. […]
Shares of Canada-focused banks outstrip rivals with overseas bets
By Nivedita Balu TORONTO (Reuters) – Three of Canada’s largest banks, driven by domestic growth, have soared in the stock market this year on a spate of acquisitions, while lenders with global ambitions have sagged on rising costs in foreign markets. Shares of Royal Bank of Canada, CIBC and National Bank have outperformed the broader […]