Page 36 - Us

US FDA panel backs restricted use of AstraZeneca's prostate cancer drug

Lynparza is already approved by the FDA to treat a type of breast cancer, ovarian cancer, as well as a different form of prostate cancer

India, US discuss export control issues related to dual-use items: Kendler

India and the US discussed export control issues related to items of dual use, US Assistant Secretary for Export Administration Thea D Rozman Kendler said here on Friday. Talking to reporters, Kendler said the two sides are also engaged in the final planning for the India-US Strategic Trade Dialogue, to be held in Washington next month. "Our strategic trade dialogue, shared commitment to export controls paves the way for this high tech cooperation... And I think we're at a new stage in our relationship where we see tremendous opportunity and a closer relationship and hope that throughout our new dialogue, we can explore ways of enhancing high tech commerce," the senior US official said. She informed there were also roundtable discussions with the Indian industries, including with the Indian Electronics Semiconductor Association, the US India Business Council, NASSCOM and the American Chamber of Commerce. "...the purpose of having these industry meetings was to learn about the tech

US economy grew at weak 1.1% rate in first quarter in sign of slowdown

Despite surging interest rates, punishing inflation and global turbulence, the US economy stood firm last year. From employers to consumers, the picture was one of surprising resilience. This year may be shaping up as a more downbeat story. The economy is widely expected to decelerate steadily and to slip into a recession sometime this year. Some early such signs could begin to emerge Thursday, when the Commerce Department will issue its first estimate of the economy's performance in the first three months of 2023. Forecasters have predicted that the gross domestic product the broadest measure of economic output grew at a 1.9 per cent annual rate from January through March, according to a survey by the data firm FactSet. That would mark a significant slowdown from the 3.2 per cent growth rate from July through September and the 2.6 per cent rate from October through December. The obstacles the economy faces are growing more troublesome. The biggest among them is the dramatically

Federal appeals court rejects Trump effort to block Pence testimony

A federal appeals court on Wednesday night moved former Vice President Mike Pence closer to appearing before a grand jury investigating efforts to undo the results of the 2020 presidential election, rejecting a bid by lawyers for former President Donald Trump to block the testimony. It was not immediately clear what day Pence might appear before the grand jury, which for months has been investigating the events preceding the January 6, 2021, insurrection at the US Capitol and efforts by Trump and his allies to subvert the election outcome. But Pence's testimony, coming as he inches toward a likely entrance in the 2024 presidential race, would be a milestone moment in the investigation and would likely give prosecutors a key first-person account as they press forward with their inquiry. The order from the three-judge panel of the US Court of Appeals of the District of Columbia Circuit was sealed and none of the parties are mentioned by name in online court records. But the appeal in

First Republic Bank plunges on report of potential buyers for new shares

These banks have an incentive to deal as the political fallout of the FDIC making them whole on their $30 billion of deposits could be serious

That Thucydides Trap again

Does China have to inevitably face confrontation from the US and seek domination over India?

Drop the 'natural' in natural gas: Climate activists urge US officials

The Federal Trade Commission has said the Green Guides are based on how consumers reasonably interpret claims, not technical or scientific definitions

Fox's settlement with Dominion on defamation unlikely to cost it $787.5 mn

Fox Corp.'s hefty $787.5 million settlement with Dominion Voting Systems over defamation charges is eye-popping, but the ultimate cost to the media company is likely to be much lower. On Tuesday, Fox settled with Dominion over charges that Fox News baselessly accused the company of rigging its voting machines against former President Donald Trump in 2020. It was the most-watched media libel case in decades. Fox had about $4 billion of cash on hand as of December 2022, and MoffettNathanson analyst Robert Fishman expects the company to pay the settlement during the current quarter. How much the lawsuit will actually end up costing Fox is unclear because there are ways it can defray some of the expense, primarily through insurance and the use of tax deductions. Fox can deduct the Dominion settlement from its income taxes as an expense necessary for the cost of doing business. Fox Chief Communications Officer Brian Nick has confirmed the deductibility of the settlement. Big companie

US debt default will threaten global financial system, says BlackRock

Addressing the broader economy, Hildebrand said he saw no scenario in which interest-rate cuts would happen this year

US Health Secretary Xavier Becerra violates Hatch Act: Govt watchdog

Becerra is one of a handful of Biden administration officials to be cited for violating the Hatch Act

US keen on alliance in connectivity, solid waste management with Mizoram

The Minister also asserted the prevalence of HIV/AIDS, Cancer, Malaria, TB in the state and called for better cooperation to eradicate such diseases from the state

India-US trade rose by 8% to $128.55 bn in 2022-23, fell 1.5% with China

Exports to the US rose by 2.81 per cent to $78.31 billion in 2022-23 as against $76.18 billion in 2021-22, while imports grew by about 16 per cent to $50.24 billion

Philippines to partner with US, India to construct digital public infra

The House of Representatives passed on third reading an e-governance bill on March 6. A counterpart bill in the Senate is currently at the committee level

Products from scores of districts on display at Indian Embassy in US

Products from scores of Indian districts were on display at the Indian Embassy here on Saturday at an event organised to celebrate the country's diversity and togetherness. US Commerce Secretary Gina Raimondo, along with visiting Union Finance Minister Nirmala Sitharaman, had a glimpse of these exhibits during the event that was attended by several hundred Indian Americans from across the country at the India House here, which is the official residence of India's Ambassador to the US Taranjit Singh Sandhu. Raimondo expressed keen interest in the diversity of these products from India, which ranged from Madhubani painting and wooden coasters to Darjeeling, Nilgiri, Assam Tea, Kanchipuram Saree, to Kashmiri Scarf, and tea light holders. This is for the first time that such a variety of Indian products have been on display here in the US. Prominent among those who attended the event included White House Indo Pacific Coordinator, Kurt Campbell; White House National Drug Control Czar, D

18,000 cows killed in Texas dairy farm explosion, deadliest barn fire in US

Around 6.5 million farm animals have died in such fires in the last decade, most of them poultry

US prez Biden visits Belfast for 'Good Friday Agreement' anniversary

US President Joe Biden has landed in Northern Ireland's Belfast at the start of his four-day visit to the island of Ireland

India at helm, G20 eyes common plan on crypto risks: FM Nirmala Sitharaman

Sitharaman is currently visiting the US. Her visit started Tuesday, and she will be there for a week. She will be attending spring meetings and a G20 finance ministers' meeting

Elizabeth Holmes loses bid to remain free during appeal for conviction

Legal experts said Holmes's bid to remain free during an appeals process that might take two years was a long shot

India, US special forces carry out wargames to support fighter aircraft ops

The US Air Force is scheduled to bring in F-15 Strike Eagle fighter jets but there may be some change in the schedule of the drill which was planned to begin on April 10

FedEx combines air, ground, other operations by next year to slash costs

FedEx will combine almost all of its ground, air and other operations by next year as part of a USD 4 billion cost cutting plan. The package delivery company said Wednesday that FedEx Express, FedEx Ground, FedEx Services and other FedEx operating companies will be rolled into a single entity by June 2024 in a companywide reorganisation. FedEx Freight, the company's freight transportation services division, will continue as a stand-alone company within Federal Express Corp. Raj Subramaniam will serve as president and CEO of the combined organisation. John Smith will become president and CEO of US and Canada ground operations at FedEx Express and assume leadership of surface operations across the FedEx Express, FedEx Ground, and FedEx Freight businesses. Richard Smith will serve as president and CEO, airline and international at FedEx Express, overseeing all other regions and FedEx Logistics. The company expects to realise permanent cost reductions of USD 4 billion from the reshuff