Page 122 - United States

USFDA approves Pfizer's Hympavzi for rare bleeding disorder hemophilia

The drug, Hympavzi, is given under the skin through an auto-injector pen to prevent or reduce bleeding episodes in hemophilia A or B patients aged 12 years and older

US continues to be largest source of FDI in India: RBI annual census

The US continued to be the largest source of FDI in India, followed by Mauritius, Singapore and the UK, according to an annual census of the Reserve Bank of India. Out of the 41,653 entities, which responded in the latest census, 37,407 reported foreign direct investment (FDI) and/or overseas direct investment (ODI) in their balance sheets for March 2024. Of these entities, 29,926 had also reported in the previous census round and 7,481 have newly reported in the current round, according to Census on Foreign Liabilities and Assets of Indian Direct Investment Entities for 2023-24. Over three-fourths of the companies that reported inward direct investment were subsidiaries of foreign companies. Non-financial companies accounted for nearly 90 per cent of the FDI equity at face value, the RBI said. "Supported by valuation gains as well as fresh inflows, total FDI in India surged by 23.3 per cent at market value in rupee terms during 2023-24; on the other hand, ODI growth was much lowe

India, Asean urge peace as tensions continue to rise in South China Sea

China has been accused of harassment, intimidation and patrolling exclusive economic zones of Asean nations, leading to rising tensions in the South China Sea

Fed officials signal more rate cuts as inflation cools, Bostic open to skip

Minutes of the Fed's meeting released on Wednesday showed the decision had been a close call, and Goolsbee on Thursday said he expected more close-call meetings ahead

Hurricane Milton death toll rises to 14 in Florida; power outage hits life

The death toll from Hurricane Milton has risen to at least 14 after another fatality was reported in Hillsborough County, which includes Tampa

US inflation likely cooled again last month in sign of healthy economy

US inflation last month likely reached its lowest point since February 2021, clearing the way for another Federal Reserve rate cut and adding to the stream of encouraging economic data that has emerged in the final weeks of the presidential campaign. The consumer price index is expected to have risen just 2.3% in September from 12 months earlier, down from the 2.5% year-over-year increase in August, according to economists surveyed by FactSet, a data provider. A reading that low, likely reflecting lower gas prices and only a slight rise in food costs, would barely exceed the Fed's 2% inflation target. A little over two years ago, inflation had reached a peak of 9.1%. Measured month over month, consumer prices are thought to have risen a scant 0.1% from August to September, down from a 0.2% increase the previous month. The improving inflation data follows a mostly healthy jobs report released last week, which showed that hiring accelerated in September and that the unemployment rate

US mourns death of industrialist Ratan Tata who 'drove India to prosperity'

The US on Wednesday mourned the death of veteran industrialist and philanthropist Ratan Naval Tata, remembering him as someone who drove India to greater prosperity and development. Tata, the former Tata Group chairman who transformed a staid group into India's largest and most influential conglomerate, breathed his last at south Mumbai's Breach Candy Hospital at 11.30 pm on Wednesday. He was 86. My last meeting with Ratan Tata at Google, we talked about the progress of Waymo and his vision was inspiring to hear. He leaves an extraordinary business and philanthropic legacy and was instrumental in mentoring and developing modern business leadership in India. He deeply cared about making India better. Deep condolences to his loved ones and Rest in Peace Shri Ratan Tata Ji, wrote Google and Alphabet CEO Sunder Pichai on X. Atul Keshap, the president of the US-India Business Council (USIBC), told PTI the Padma Vibhushan recipient was a "unique and noble son of India, a role model for th

Amazon adds Apple TV+ to US channels store, offering popular shows

Apple will begin selling TV+ subscriptions through Prime later this month, Mike Hopkins, senior vice president of Amazon Prime Video said

US considers breaking up Google over online search monopoly: What it means

The US antitrust body has acknowledged Google's decade long domination on popular distribution channels, due to which its rivals have little-to-no incentive to compete

Centre may clear acquisition of US MQ-9B Predator drones for $3.1 billion

In a boost to India's defence capabilities, the Cabinet Committee on Security, led by PM Modi, is expected to approve the acquisition of 31 MQ-9B Predator drones from the US for $3.1 billion

Early voting begins in Arizona, drawing visits from presidential campaigns

Early in-person voting begins Wednesday in Arizona, making it the first of this year's presidential battleground states where all residents can cast a ballot at a traditional polling place ahead of Election Day. The start of in-person voting in the closely contested state also is drawing the presidential tickets, with both campaigns scheduling visits there this week. Wednesday's voting overlaps with campaign stops by both vice presidential nominees Democratic Minnesota Gov Tim Walz and Ohio Sen JD Vance, a Republican who will hold separate events in Tucson on Wednesday. Vice President Kamala Harris, the Democratic nominee, is scheduled to host a rally in Phoenix on Thursday, while former President Donald Trump will hold one Sunday in Prescott Valley, a Republican stronghold about 144 kilometres north of Phoenix. President Joe Biden defeated Trump by just 10,457 votes in 2020, a narrow margin that set off years of misinformation and conspiracy theories among Republicans who refuse

Citi pushes back on NY's online fraud lawsuit, says we're not 'bad guys'

New York's lawsuit comes as consumers are losing billions to financial fraud to scammers using more advanced tools

Obesity medicines would cost US medicare $35 billion through 2034

Expanding coverage of weight-loss drugs like blockbusters from Eli Lilly & Co. and Novo Nordisk A/S would make 12.5 million more people in the US program eligible

Byju's affiliate drained cash from US units, violating bankruptcy rules

Money that should be used to repay creditors was instead siphoned off to Whitehat Education Technology, a court-approved trustee for the affiliates said in court papers

TikTok designed to be addictive, harmful to kids: US states' lawsuits

More than a dozen states and the District of Columbia filed lawsuits against TikTok on Tuesday, saying that the popular short-form video app is designed to be addictive to kids and harms their mental health. The lawsuits stem from a national investigation into TikTok, which was launched in March 2022 by a bipartisan coalition of attorneys general from many states, including New York, California, Kentucky and New Jersey. All of the complaints were filed in state courts. At the heart of each lawsuit is the TikTok algorithm, which powers what users see on the platform by populating the app's main For You feed with content tailored to people's interests. The lawsuits note TikTok design features that they say addict children to the platform, such as the ability to scroll endlessly through content, push notifications that come with built-in buzzes and face filters that create unattainable appearances for users. They've chosen profit over the health and safety, well-being and future of our

OnlyFans user Richardson pleads guilty in child pornography case: Report

Richardsons case was cited in a Reuters investigation in July about complaints to police that child sex abuse material was featured on OnlyFans

Category 5 hurricane Milton threatens an already battered Florida

The densely populated west coast of Florida, still reeling from the devastating Hurricane Helene less than two weeks ago

Israel's strikes shifting power balance in Middle East with US aid

Israeli military strikes are targeting Iran's armed allies across a nearly 2,000-mile stretch of the Middle East and threatening Iran itself. The efforts raise the possibility of an end to two decades of Iranian ascendancy in the region, to which the 2003 US invasion of Iraq inadvertently gave rise. In Washington, Tel Aviv and Jerusalem, and Arab capitals, opponents and supporters of Israel's offensive are offering clashing ideas about what the US should do next, as its ally racks up tactical successes against Hezbollah in Lebanon and the Houthis in Yemen and presses its yearlong campaign to crush Hamas in Gaza. Israel should get all the support it needs from the United States until Iran's government follows other dictatorships of the past into the dustbin of history, said Richard Goldberg, a senior adviser at Washington's conservative-leaning Foundation for the Defense of Democracies calls echoed by some Israeli political figures. Going further, Yoel Guzansky, a former senior ...

FEMA continues pushback against false claims as Helene death toll hits 230

The head of the US disaster response agency continued to forcefully push back on Monday against false claims and conspiracy theories about her agency's response to Hurricane Helene as the death toll from the storm continued to climb. Federal Emergency Management Agency Administrator Deanne Criswell pointed to the agency's massive, collaborative effort that keeps growing, and she strongly urged residents in hard-hit areas to accept the government's offer for assistance. We have thousands of people on the ground, not just federal, but also our volunteers in the private sector, Criswell said at a news conference in Asheville, North Carolina. And frankly, that type of rhetoric is demoralising to our staff that have left their families to come here and help the people of North Carolina. And we will be here as long as they're needed. Misinformation has spread over the past week in communities hit the hardest by Helene, including that the federal government is intentionally withholding ai

Activist investor Starboard Value takes $1 billion stake in Pfizer

Starboard has also approached Ian Read, a former Pfizer CEO, and Frank D'Amelio, who served as CFO until 2021, and both have expressed interest in helping the activist investor