GOVACT

US bans Huawei, ZTE equipment sales citing national security risk

Nov 25 (Reuters) – The Biden administration has banned approvals of new telecommunications equipment from China’s Huawei Technologies (HWT.UL) and ZTE (000063.SZ) because they pose “an unacceptable risk” to US national security. The US Federal Communications Commission said on Friday it had adopted the final rules, which also bar the sale or import of equipment …

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Dollar nears 3-mth low, shares climb after Fed tests the brakes

LONDON, Nov 24 (Reuters) – Shares hit a two-month high and the dollar swooped towards a three-month low on Thursday, after Federal Reserve signals of smaller interest rate rises from next month were followed by the message from Frankfurt that the ECB will plough on. With Wall Street shut for Thanksgiving, it was up to …

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FTC likely to file argument to block Microsoft’s $69 bln bid for Activision – Politico

Nov 23 (Reuters) – The US Federal Trade Commission (FTC) is likely to file an antitrust argument to block Microsoft Corp’s (MSFT.O) $69 billion takeover bid for video game publisher Activision Blizzard Inc (ATVI.O), Politico reported on wednesday A challenging the deal is not guaranteed, and the FTC’s four commissioners have yet to vote out …

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Provention prices diabetes drug above analysts’ estimates at $13,850/vial

Nov 18 (Reuters) – Provention Bio Inc (PRVB.O) has priced its diabetes drug teplizumab at $13,850 a vial, it said on Friday, a day after receiving US approval and far higher than some analysts’ expectations. The company’s shares reversed course from premarket gains to trade down nearly 12% as the high pricing stoked fears over …

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S&P 500, Nasdaq pare losses as investors digest Fed comments

Fed’s Brainard signals slower rate hikes ahead Tech and growth stocks off session lows Biogen, Lilly rise on Roche’s Alzheimer’s drug failure Indexes: Dow up 0.31%, S&P flat, Nasdaq down 0.36% Nov 14 (Reuters) – The S&P 500 and the tech-heavy Nasdaq pared losses on Monday as comments from US Federal Reserve Vice Chair Lael …

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Fed may cut size of rate increases, but is not ‘softening’ inflation fight, Waller says

WASHINGTON, Nov 13 (Reuters) – The US Federal Reserve may consider slowing the pace of rate increases at its next meeting but that should not be seen as a “softening” in its commitment to lower inflation, Federal Reserve Gov. Christopher Waller said on Sunday. Markets should now pay attention to the “endpoint” of rate increases, …

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Goldman Sachs sees Fed rates peaking at 5% in March, Bloomberg reports

Oct 30 (Reuters) – Goldman Sachs Group Inc’s (GS.N) economists said the US Federal Reserve could bump up interest rates to as high as 5% by March 2023, 25 basis points above its earlier predictions, Bloomberg News reported on Sunday. Goldman Sachs Chief Executive Officer David Solomon said last week the US Federal Reserve could …

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Activist glues his head to ‘Girl with a Pearl Earring’ painting in The Hague

AMSTERDAM, Oct 27 (Reuters) – A climate activist glued his head to glass covering the world-famous “Girl with a Pearl Earring” painting at a museum in The Hague on Thursday, though the artwork was not damaged, gallery staff said. A second activist glued their hand to the wall next to the 1665 work by Dutch …

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Wall Street bankers in Riyadh renew warnings over world economy

RIYADH, Oct 25 (Reuters) – Top Wall Street bankers renewed their warnings about the world economy on Tuesday amid geopolitical tensions and steep interest rate hikes to tackled decades-high inflation. Goldman Sachs boss David Solomon said economic conditions would “tighten meaningfully from here” and the US Federal Reserve could hike rates beyond 4.5-4.75% if it …

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US weighs security reviews for Musk deals, including Twitter buy – Bloomberg News

Oct 20 (Reuters) – Biden Administration officials are discussing whether the United States should subject some of Elon Musk’s ventures to national review including the deal for Twitter Inc (TWTR.N) and SpaceX’s Starlink satellite network, Bloomberg News reported on Thursday, citing people familiar with the matter. The SpaceX chief in recent times has taken to …

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