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HSBC cuts 10% of US debt capital markets team, Bloomberg News reports
Reuters· 2026-02-19 23:20
HSBC cuts 10% of US debt capital markets team, Bloomberg News reports | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]HSBC logo is seen in this illustration taken January 7, 2026. REUTERS/Dado Ruvic/Illustration [Purchase Licensing Rights, opens new tab]Feb 19 (Reuters) - HSBC [(HSBA.L), opens new tab] cut 10% of its U.S.-based debt capital markets team, continuing to cull costs after announcing a revamp of the business last Octobe ...
Texas sues Sanofi for allegedly 'bribing' providers to boost drug prescriptions
Reuters· 2026-02-19 23:06
Core Viewpoint - Texas Attorney General Ken Paxton has filed a lawsuit against Sanofi, alleging that the company engaged in bribery to encourage healthcare providers to prescribe its medications over alternatives [1]. Group 1: Allegations and Legal Actions - The lawsuit claims that Sanofi created programs that provided services to healthcare providers, which are alleged to constitute bribes in violation of the Texas Health Care Program Fraud Prevention Act [1]. - Attorney General Paxton is seeking over a million dollars in monetary relief, including civil penalties, and an injunction to prevent further unlawful acts by Sanofi [1]. - This is not the first legal action against Sanofi; the Attorney General has previously sued the company for failing to disclose the ineffectiveness of its blood clot prevention drug, Plavix, for certain patients [1]. Group 2: Context of Legal Environment - Last year, Texas also sued Eli Lilly for similar allegations of bribing providers to prescribe its most profitable drugs, including GLP-1 medications Mounjaro and Zepbound [1].
Most Meta staff to get 5% less in equity rewards as Zuckerberg cuts costs for AI spending, FT reports
Reuters· 2026-02-19 22:53
Core Insights - Meta has reduced its annual distribution of stock options by approximately 5% for most of its staff as CEO Mark Zuckerberg reallocates funds towards artificial intelligence development [1] Company Actions - The decision to cut stock options is part of a broader strategy to invest billions of dollars into building out artificial intelligence capabilities [1]
Consolidated Edison misses quarterly profit estimates on higher operating and interest expenses
Reuters· 2026-02-19 22:24
Consolidated Edison misses quarterly profit estimates on higher operating and interest expenses | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]- Companies[Consolidated Edison Inc]FollowFeb 19 (Reuters) - Consolidated Edison [(ED.N), opens new tab] missed Wall Street estimates for fourth-quarter profit on Thursday, hurt by higher operating and interest expenses.Variable weather conditions including intermittent storms can push up o ...
GoPro names insider Brian Tratt as CFO
Reuters· 2026-02-19 22:21
Action camera maker GoPro on Thursday named Brian Tratt as its chief financial officer, taking over the baton from Brian McGee, effective March 17. ...
Australia's Ramsay Health Care to separate from French arm Ramsay Sante
Reuters· 2026-02-19 22:03
Australia's Ramsay Health Care to separate from French arm Ramsay Sante | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]- Companies[Ramsay Generale de Sante SA]Follow[Ramsay Health Care Ltd]FollowFeb 20 (Reuters) - Australia's Ramsay Health Care [(RHC.AX), opens new tab] said on Friday it plans to distribute its 52.79% stake in Ramsay Sante [(GDSF.PA), opens new tab] to its shareholders, effectively separating from the French- list ...
JPMorgan says Trump's lawsuit improperly named Dimon as defendant
Reuters· 2026-02-19 21:09
against JPMorgan is one of at [least six] that Trump has brought in his personal capacity since returning to the presidency.Reporting by Tom Hals in Wilmington, Delaware; Editing by Daniel WallisOur Standards: [The Thomson Reuters Trust Principles., opens new tab][Purchase Licensing Rights]## Read Next / Editor's Picksago [Worldcategory][Trump administration expands ICE authority to detain refugees]ago [Governmentcategory][US military's ban on enlistment by people with HIV upheld by appeals court]agoANALYSI ...
Akamai forecasts annual revenue above estimates on cloud infrastructure momentum
Reuters· 2026-02-19 21:04
Akamai Technologies forecast 2026 revenue above Wall Street estimates on Thursday, signaling confidence that growth in its cloud infrastructure services will continue to accelerate. ...
Amazon can be sued over suicides linked to sodium nitrite, Washington Supreme Court rules
Reuters· 2026-02-19 21:03
Amazon can be sued over suicides linked to sodium nitrite, Washington Supreme Court rules | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]Amazon logo is seen in this illustration created on February 11, 2025. REUTERS/Dado Ruvic/Illustration/File Photo [Purchase Licensing Rights, opens new tab]- Companies- Summary- Amazon disputes ruling, emphasizes customer safety commitment"- Lower court ruling reversed- Families say Amazon sold ' ...
Shell says US general license for exploration in Venezuela will allow it to progress with Dragon gas project
Reuters· 2026-02-19 20:47
Shell says US general license for exploration in Venezuela will allow it to progress with Dragon gas project | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]The logo of British multinational oil and gas company Shell is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren [Purchase Licensing Rights, opens new tab]- Companies[Shell PLC]FollowHOUSTON, Feb 19 (Reu ...