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03 May

Opioid distributors reach $518 million settlement with Washington state

Washington has reached a $518 million settlement with drug distributors McKesson Corp, AmerisourceBergen Corp and Cardinal Health, ending a months-long trial over the companies' alleged role in fueling the opioid epidemic in the state, the three companies announced on Tuesday.

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03 May

Biden says ruling curbing abortion rights could harm other freedoms

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03 May

Exclusive-Nigeria buys emergency Canadian potash to replace lost Russian supply

LAGOS (Reuters) -Nigeria had to buy emergency supplies of Canadian potash in April after the country was unable to import the key fertilizer from Russia due to the impact of Western sanctions, the head of Nigeria's sovereign investment authority NSIA said.

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03 May

Banks, Big Tech drive Dow, S&P 500 higher as Fed decision looms

The S&P 500 and the Dow rose on Tuesday, as investors picked up shares of financials and beaten-down megacap companies, while being cautious about the Federal Reserve's ability to tame inflation without impeding growth.

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03 May

Brazil commodities sales to Arab nations soar as importers stock up on food

Brazilian exports to the 22 countries in the League of Arab Nations rose in the first quarter amid a spike in agricultural commodities prices and a drive to stock up on food, according to a statement sent to Reuters on Tuesday.

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03 May

Hilton full-year profit forecast disappoints as costs set to weigh

Hilton Worldwide Holdings Inc on Tuesday forecast a lower-than-expected annual profit as a surge in labor costs and other inflationary pressures are set to weigh on the hotel operator's earnings.

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03 May

Campari sales jump as bars stock up spirits before prices rise

MILAN (Reuters) -Campari sales jumped in the first three months of the year as pubs and restaurants reopened in Europe, with demand further boosted by premises stocking up on spirits before price rises take effect, the Italian drinks group said on Tuesday.

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  • China receives US equipment to make advanced chips despite new rules-report
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