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Gilead widens battle against alleged counterfeit HIV drug ring

Gilead widens battle against alleged counterfeit HIV drug ring

Sept 28 (Reuters) – A federal judge in New York has frozen the assets of dozens of people and entities accused of operating a massive nationwide scheme to distribute counterfeit bottles of Gilead Sciences Inc (GILD.O) HIV drugs, including two alleged “kingpins .” Gilead, which has been pursuing alleged counterfeiters in a civil lawsuit since …

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Exclusive: JPMorgan to hire about 2,000 engineers even as economy softeners

PLANO, Texas, Sept 30 (Reuters) – JPMorgan Chase & Co plans to hire about 2,000 engineers worldwide through the end of the year despite a worsening economy, its global chief information officer, Lori Beer, said on Wednesday. The biggest US lender added a net more than 5,000 software developers and data scientists last year and …

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UK pension funds ask corporates for cash after gilt blow-up -sources

LONDON, Sept 30 (Reuters) – British pension funds with big losses in gilt market derivatives have sought emergency funds from the companies they manage money for as they race to dump assets to raise cash, industry sources said on Friday. Many pension funds were caught out during the surge in bond yields this week that …

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Wall Street nosedives on mounting economic growth concerns

S&P 500 index back at near two-year lows Airlines, cruises fall on cancellations due to Hurricane Ian CarMax slumps on missing second-quarter expectations Indexes down: Dow 1.54%, S&P 2.15%, Nasdaq 3.05% Sept 29 (Reuters) – Wall Street tumbled on Thursday on worries of a global economic downturn from aggressive central bank policy and fears that …

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US weekly jobless claims fall to five-month low; Q2 GDP unrevised

Weekly jobless claims drop 16,000 to 193,000 Continuing claims decrease 29,000 to 1.347 million Second-quarter GDP contraction unrevised at 0.6% rate WASHINGTON, Sept 29 (Reuters) – The number of Americans filing new claims for unemployment benefits fell to a five-month low last week as the labor market remains resilient despite rising headwinds from the Federal …

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Analysis: Alzheimer’s drug trial breakthrough boost for Roche, Eli Lilly

Biogen, Eisai report landmark result for experimental drug Nearly all Alzheimer’s trials have failed previously Drugs from Roche and Eli Lilly target the same protein as Biogen, Eisai compound Shares of all four drugmakers soar on news LONDON, Sept 28 (Reuters) – The results of a key Alzheimer’s drug trial on Wednesday have reignited decades-old …

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J&J names consumer health business Kenvue ahead of spin-off

Sept 28 (Reuters) – Johnson & Johnson (JNJ.N) named its consumer business Kenvue on Wednesday, moving ahead with its plans to spin-off the unit in what would be the biggest shake-up in the healthcare conglomerate’s 135-year history . The unit has faced nearly 40,000 lawsuits alleging its baby powder and other talc products contained asbestos …

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Fed officials stare down market volatility, say inflation remains paramount focus

Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Sept 26 (Reuters) – US Federal Reserve officials on Monday sloughed off rising volatility in global markets, from slumping US stocks to currency turbulence abroad, and said their priority remained controlling domestic inflation. Asked at a Washington Post event whether he felt US investors had …

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