AMERS

Amgen says the experimental obesity drug has promising durability

LOS ANGELES, Dec 3 (Reuters) – Amgen Inc’s (AMGN.O) experimental obesity demonstrated drug promising durability trends in an early trial, paving the way for a larger mid-stage study early next year, company officials said ahead of a data presentation. on Saturday. The small Phase I trial found that patients maintained their weight loss for 70 …

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Mexico, US plan pitch by early 2023 to lure firms from abroad

MEXICO CITY, Dec 2 (Reuters) – Mexican Economy Minister Raquel Buenrostro and US Secretary of Commerce Gina Raimondo on Friday agreed to set out a plan by early 2023 for the relocation of companies from Asia to North America, Mexico’s government said. On her first visit to Washington since taking office in October, Buenrostro has …

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Exclusive: Twitter exec says moving fast on moderation, as harmful content surges

Dec 2 (Reuters) – Elon Musk’s Twitter is leaning heavily on automation to moderate content, doing away with certain manual reviews and favoring restrictions on distribution rather than removing certain speech outright, its new head of trust and safety told Reuters. Twitter is also more aggressively restricting abuse-prone hashtags and search results in areas including …

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Analysis: Blackstone REIT restriction a possible warning sign for markets

LONDON, Dec 2 (Reuters) – While there has been little wider fallout from this week’s surge in redemption requests at an unlisted Blackstone real estate income trust (REIT), it is being read by some as a warning sign. Blackstone (BX.N) limited withdrawals from its $69 billion unlisted REIT on Thursday after redemption requests hit pre-set …

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‘No sacred cows’ as pipeline company TC Energy prepares for C$5 bln asset sales

WINNIPEG, Manitoba, Dec 2 (Reuters) – As TC Energy Corp (TRP.TO) prepares to unload C$5 billion ($3.7 billion) in assets next year, investors and analysts say the North American pipeline operator has plenty of options without touching its core gas business. Chief Executive Francois Poirier cleared up any ambiguities this week when asked how much …

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US labor market shrugs off recession fears; keeps Fed on tightening path

Nonfarm payrolls increase 263,000 in November Unemployment rate steady at 3.7%; participation rate falls Average hourly earnings rise 0.6%; up 5.1% year-on-year WASHINGTON, Dec 2 (Reuters) – US employers hired more workers than expected in November and increased wages, shrugging off mounting worries of a recession, but that will probably not stop the Federal Reserve …

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US job growth likely slowed again in November; Labor market still tight

Nonfarm payrolls forecast increasing 200,000 in November Unemployment rate seen unchanged at 3.7% Average hourly earnings forecast gaining 0.3%; up 4.6% y/y WASHINGTON, Dec 2 (Reuters) – US job growth was likely the smallest in nearly two years in November as mounting worries of a recession cooled demand for labor, which could give the Federal …

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Musk delivers the first Tesla truck, but no update on output, pricing

Tesla ships first Semi to PepsiCo five years after its unveiling No details on orders or capacity for electric trucks Semi uses existing Tesla motors, to feature a new Supercharger Dec 1 (Reuters) – Tesla Inc (TSLA.O) Chief Executive Elon Musk delivered the company’s first heavy-duty Semi on Thursday to PepsiCo (PEP.O) without offering updated …

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