Exclusive-Silver Lake, Bain prepare to bid for multi-billion stake in Intel’s Altera unit, sources say
By Milana Vinn (Reuters) - Buyout firms Silver Lake and Bain Capital are among the potential suitors that are likely to compete to acquire a minority stake in Altera, the programmable chips business that Intel acquired for nearly $17 billion in 2015, according to people familiar with the matter. Intel, which has already taken steps to spin Altera out as a separate…
Analysis-Americans hungry for weight-loss drugs grapple with supply and insurance hurdles
By Patrick Wingrove and Bhanvi Satija (Reuters) - Americans are still eagerly seeking prescriptions for Eli Lilly and Novo Nordisk's weight-loss and diabetes drugs but cannot always fill them because of supply issues and insurance hurdles, according to their doctors. Those frustrations, along with the medicines' high cost, are pushing patients to cheaper compounded versions sold…
US banks encourage workers to vote, carving out paid time off
By Isla Binnie, Nupur Anand and Tatiana Bautzer NEW YORK (Reuters) - JPMorgan Chase, Bank of America and Citigroup reminded employees that they can take paid time off to vote in Tuesday's U.S. presidential election, while underscoring the need to work across political lines. The three largest U.S. lenders have combined global workforces of almost 760,000 people, including staff in U.S.
Trump unlikely to undo Biden’s IRA climate legislation, TotalEnergies executive says
By America Hernandez PARIS (Reuters) - French oil major TotalEnergies does not anticipate that Donald Trump would pull the U.S. out of the Paris Agreement on climate change or undo Inflation Reduction Act (IRA) legislation if he became U.S. president again, the company's strategy director said on Monday. Aurelien Hamelle made the comments while presenting Total's energy outlook…
https://karafinance.com/2024/11/04/totalenergies-outlook-usa-election/
KPMG to lay off less than 4% of US audit workforce, source says
(Reuters) -KPMG will lay off less than 4%, or about 330 people, of its audit workforce in the United States, a source familiar with the matter said on Monday. Besides KPMG, Ernst & Young, Deloitte, PricewaterhouseCoopers make up the Big Four of accounting firms. "The actions reflect our ongoing focus to align the size, shape and skills of our workforce to the market, while addressing continued low levels…
Ex-Ohio police officer convicted in murder of unarmed Black man Andre Hill
By Kanishka Singh WASHINGTON (Reuters) - A former Ohio police officer was convicted of murder by a jury on Monday for fatally shooting Andre Hill, an unarmed Black man. Adam Coy, a white man and nearly 20-year veteran of the Columbus police force, killed Hill, 47, responding to a non-emergency nuisance call about car noise in December 2020. The jury in the Franklin County Court of Common Pleas…
Trump’s new tariff proposal could cost Americans $78 billion in annual spending, NRF study shows
(Reuters) - U.S. shoppers could lose up to $78 billion in annual spending power annually if presidential candidate Donald Trump's new tariffs proposal on imports are implemented, a study from the National Retail Federation (NRF) showed on Monday. (Reporting by Anuja Bharat Mistry in Bengaluru; Editing by Shailesh Kuber)
https://karafinance.com/2024/11/04/consumer-spending-nrf-import-tariff/
What’s at stake for China’s markets at the US election
(Reuters) -China's currency and equities will bear the brunt of a protectionist shift in the U.S. and are seen trading sensitively to the election's trade and foreign policy implications. Investors say a win for Donald Trump, particularly if accompanied by a Republican sweep of Congress, is expected to squeeze the yuan and shares in export sectors. A victory for Democrat Kamala Harris is likely to result in…
https://karafinance.com/2024/11/04/usa-election-markets-china/
Gaza aid situation not much improved, US says as deadline for Israel looms
By Humeyra Pamuk and Simon Lewis WASHINGTON (Reuters) - Israel has taken some measures to increase aid access to Gaza but has so far failed to significantly turn around the humanitarian situation in the enclave, State Department spokesperson Matthew Miller said on Monday, as a deadline set by the U.S. to improve the situation approaches. The Biden administration told Israel in an Oct.
https://karafinance.com/2024/11/04/israel-palestinians-usa-aid-7/
US cybersecurity chief says disinformation surge hasn’t impacted election
WASHINGTON (Reuters) -U.S. cybersecurity agency director Jen Easterly said on Monday that her department has not seen evidence of any activity that could directly impact the outcome of the election, despite a surge in disinformation. She added that the 2024 election has faced an "unprecedented" amount of disinformation from foreign adversaries. U.S. agencies have warned that Russia and others…
https://karafinance.com/2024/11/04/usa-election-cybersecurity/