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Argentina requests suspension of 'illegitimate' discovery process for YPF case in U.S. court
Reuters· 2026-01-28 12:50
Group 1 - Argentina's Treasury has requested a New York court to suspend the discovery process related to the nationalization case of state-owned oil company YPF, labeling it as illegitimate and intrusive [1]
US FDA places clinical hold on Regenxbio's gene therapy trials
Reuters· 2026-01-28 12:46
Core Viewpoint - Regenxbio announced that the U.S. Food and Drug Administration has placed a clinical hold on two of its experimental gene therapy programs for rare childhood diseases due to the discovery of a brain tumor in one treated patient [1] Company Summary - The clinical hold affects two gene therapy programs that are currently under development by Regenxbio [1] - The hold was initiated following a serious adverse event involving a brain tumor in a patient who received treatment [1]
Exclusive: NFL star Travis Kelce takes stake in mattress maker Sleep Number
Reuters· 2026-01-28 12:36
Group 1 - National Football League star Travis Kelce is acquiring a stake in Sleep Number, positioning himself as one of the mattress maker's top shareholders [1] - The partnership will also see Kelce serve as a spokesman for Sleep Number, aligning with the company's marketing strategy [1] - This move is part of Sleep Number's efforts to enhance brand visibility and reach a broader audience through celebrity endorsements [1]
Corning forecasts first-quarter sales above estimates on strong optical fiber demand
Reuters· 2026-01-28 12:36
Group 1 - The company forecasts first-quarter sales above estimates, indicating strong performance expectations [1] - Demand for fiberoptic products remains resilient, contributing nearly 40% to the company's total revenue [1]
Corporate America continues job cuts in 2026 in efficiency push
Reuters· 2026-01-28 12:35
Core Insights - U.S. companies across various sectors have initiated layoffs as a strategy to reduce costs and streamline operations in early 2026 [1] Group 1 - The layoffs are occurring against a backdrop of increasing adoption of artificial intelligence tools [1]
Indian Oil Corp to raise diesel exports with refining capacity boost, official says
Reuters· 2026-01-28 12:31
Core Viewpoint - Indian Oil Corp anticipates a significant increase in annual diesel exports, projecting a rise to up to 5 million metric tons by 2027 due to expanded refining capacity [1] Company Summary - The head of marketing at Indian Oil Corp announced the company's plans during the India Energy Week conference [1]
Teva Pharmaceutical profit, revenue rise in fourth quarter
Reuters· 2026-01-28 12:31
Core Viewpoint - Teva Pharmaceutical Industries reported a higher-than-expected increase in fourth-quarter profit, driven by sales of branded drugs and a milestone payment for a late-stage study on ulcerative colitis and Crohn's disease [1] Financial Performance - The company experienced a significant rise in fourth-quarter profit, surpassing market expectations [1] Product Development - The profit increase was supported by sales of its branded drugs and a milestone payment related to the initiation of a late-stage study for treating ulcerative colitis and Crohn's disease [1]
UK lender Metro Bank launches fresh round of layoffs, FT reports
Reuters· 2026-01-28 12:28
Group 1 - Metro Bank has initiated its third round of redundancies in three years, affecting approximately 100 jobs [1]
Winter storm to cause billions of dollars in insured losses, UBS estimates
Reuters· 2026-01-28 12:19
Core Insights - A major winter storm in the United States is projected to result in billions of dollars in insured losses according to analysts at brokerage UBS [1] Group 1 - The storm's impact is significant enough to prompt analysts to assess the financial implications for the insurance industry [1]
BofA to match US government's pilot contribution to Trump Accounts, memo says
Reuters· 2026-01-28 12:18
Core Insights - Bank of America will match the U.S. government's $1,000 pilot contribution for all eligible U.S. employees to Trump Accounts [1] Company Summary - Bank of America is implementing a matching contribution program for eligible employees, aligning with a government initiative [1]