Roche’s Alzheimer’s drug fails to meet goal in long awaited trial

Trials show small benefit, but without statistical validity Roche’s setback leaves Biogen, Eisai as leaders in the field Onus on Roche CEO-designate to revive development fortunes Roche shares down 3.4%, development partner Morphosys down 29% Nov 14 (Reuters) – Roche’s (ROG.S) Alzheimer’s drug candidate could not be shown to slow dementia progression in two drug … Read more

Twitter lays off staff as Musk blames activists for ‘massive’ ad revenue drop

Musk looking to ax around half of Twitter’s workforce Employees file class action against Twitter Staff lose access to systems Volkswagen pulls ads Nov 4 (Reuters) – Twitter Inc started a major round of layoffs on Friday, alerting employees of their job status by email after barring the entrances to offices and cutting off workers’ … Read more

Adidas ends Kanye West partnership over anti-Semitism, hate speech

Adidas ends partnership immediately To take ~$250 mln hit to 2022 net income Adidas sole owner of design rights Oct 25 (Reuters) – Adidas AG (ADSGn.DE) is immediately terminating its partnership with Kanye West, the sporting goods maker said on Tuesday, reacting to a rash of offensive behavior from the American rapper and designer. The … Read more

Indonesia soccer stampede kills 125 after police use tear gas in stadium

More than 320 injured during crowd stampede Indonesia football association suspends league to investigate Police say they fired tear gas to control crowd MALANG, Indonesia, Oct 2 (Reuters) – A stampede at a soccer stadium in Indonesia has killed 125 people and injured more than 320 after police police used tear gas to quell a … Read more

Queen Elizabeth’s coffin lowered into vault ahead of private burial

Queen’s coffin lowered into vault ahead of burial Monarchs and leaders gather in London for state funeral Thousands line streets for display of pomp and pageantry Queen Elizabeth was widely revered in Britain and beyond Death comes as Britain faces risk of economic crisis WINDSOR, England, Sept 19 (Reuters) – Queen Elizabeth’s coffin was lowered … Read more

Queen Elizabeth’s family rush to the side of ailing monarch

Register now for FREE unlimited access to Reuters.com register Doctors say queen, 96, under medical supervision Heir to the throne Prince Charles is with queen Family members head to Balmoral Castle BALMORAL, Scotland, Sept 8 (Reuters) – Britain’s royal family rushed to be with Queen Elizabeth after doctors said they were concerned about the health … Read more

Oil settles below $90 as recession fears mount

An oil pump jack pumps oil in a field near Calgary, Alberta, Canada on July 21, 2014. REUTERS/Todd Korol/File Photo Register now for FREE unlimited access to Reuters.com register Sept 7 (Reuters) – Oil prices settled sharply lower on Wednesday, slumping below levels seen prior to Russia’s invasion of Ukraine as downbeat Chinese trade data … Read more

Volkswagen expected to rubber-stamp landmark Porsche IPO plan -source

Attendees look at the 2022 Porsche 718 Cayman GT4 RS during the 2021 LA Auto Show in Los Angeles, California, U.S. November 17, 2021. REUTERS/Ringo Chiu Register now for FREE unlimited access to Reuters.com register HAMBURG/FRANKFURT, Sept 5 (Reuters) – Volkswagen’s (VOWG_p.DE) supervisory board is expected to approve a plan to list sportscar maker Porsche … Read more

Oil pares losses after Saudi oilmin says OPEC+ has options including cuts

Oil pump jacks are seen at the Vaca Muerta shale oil and gas deposit in the Patagonian province of Neuquen, Argentina, January 21, 2019. REUTERS/Agustin Marcarian Register now for FREE unlimited access to Reuters.com register OPEC+ has options to meet challenges, including cuts -Saudi oilmin Iran nuclear deal closer now than it was 2 weeks … Read more

Musk’s tweet about buying Manchester United no joke for fed-up fans

Aug 17 (Reuters) – Elon Musk, the world’s richest person, briefly lifted the gloom over Manchester United’s (MANU.N) shares and fans on Wednesday by saying he was buying the English soccer club – only to say a little later it was all part of “a long-running joke”. One of the world’s most successful soccer clubs, … Read more