By Promit Mukherjee OTTAWA (Reuters) – Canadian Pacific Kansas City said on Saturday it would halt any new rail shipments originating in Canada, and all new U.S. shipments destined for Canada starting on Tuesday if talks with its Canadian labour union fail to progress. North American industry groups and shippers are bracing for an unprecedented […]
X to close operations in Brazil ‘effective immediately’
SAO PAULO (Reuters) – Media platform X said on Saturday it would close its operations in Brazil “effective immediately” due to what it called “censorship orders” from Brazilian judge Alexandre de Moraes. X claims Moraes secretly threatened one of its legal representatives in Brazil with arrest if it did not comply with legal orders to […]
Russia’s Kadyrov equips Tesla truck with machinegun for war
(Reuters) – The leader of Russia’s Chechnya region, Ramzan Kadyrov, published a video on Saturday of himself driving a Tesla Cybertruck with what looked like a machinegun mounted on top, saying he would send it to the Ukraine conflict zone. Kadyrov, known for extravagant publicity stunts, heaped praise on both the vehicle and Tesla Motors […]
At least 17 Palestinians killed in Israeli strike in central Gaza, health officials say
By Nidal al-Mughrabi and Ramadan Abed CAIRO/GAZA (Reuters) -At least 17 Palestinians were killed and dozens wounded in an Israeli strike in the Gaza town of Zawayda on Saturday, health officials said, as Israel issued new evacuation orders, citing Hamas rocket fire nearby. Most of the people killed were from the same family and they […]
GSK to seek dismissal of Florida case against heartburn drug Zantac
(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 […]
Lykos to cut 75% of its workforce after FDA setback for MDMA-based PTSD drug
(Reuters) -Lykos Therapeutics said on Thursday it would reduce its workforce by 75% and initiate some executive changes, days after the U.S. Food and Drug Administration declined approval for its MDMA-based treatment for post-traumatic stress disorder. Lykos, formerly known as MAPS Public Benefit Corp, said its founder Rick Doblin was leaving the company’s board. It […]
Lockheed to buy satellite products maker Terran in $450 million deal
(Reuters) – Lockheed Martin on Thursday agreed to acquire satellite products maker Terran Orbital in a $450 million deal, months after the defense contractor withdrew it previous bid to take it private. Lockheed will pay 25 cents per share in cash, representing a 37.5% discount to Terran’s last close. The company in March had offered […]