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Kash Patel set to testify on Capitol Hill amid controversies

(WASHINGTON) -- FBI Director Kash Patel is set to be questioned by members of the Senate Appropriations Committee Tuesday afternoon amid several controversies involving the director.Patel will testify alongside the other heads of the Department of Justice agencies such ...
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H Lundbeck raises 2026 forecasts on US demand, delayed generic competition

May 12 (Reuters) - Danish drugmaker H Lundbeck raised its 2026 sales and earnings growth forecasts on Tuesday, helped by stronger U.S. demand for migraine treatment Vyepti and delayed generic competition for schizophrenia drug Abilify Maintena outside the U.S. The ...
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Africa CDC and Aspen Pharmacare aim to boost vaccine output in Africa

By Nqobile Dludla JOHANNESBURG, May 12 (Reuters) - The African Union's public health agency and South African drugmaker Aspen Pharmacare are in talks on a long‑term framework aimed at boosting vaccine production on the continent, after the COVID‑19 pandemic exposed ...
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Deal reached with hackers to delete data stolen from the Canvas educational platform

The company that operates online learning system Canvas said it struck a deal with hackers to delete the data they pilfered in a cyberattack that created chaos for students, many of them in the middle of finals. Instructure, the ...
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US stock futures hold losses after April inflation data

May 12 (Reuters) - U.S. stock index futures held on to their losses on Tuesday as investors assessed April inflation data and its impact on the Federal Reserve's monetary policy path. A Labor Department report showed the Consumer Price Index ...
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Rigel strikes licensing deal for Pfizer and Arvinas’ breast cancer drug

May 12 (Reuters) - Rigel Pharmaceuticals said on Tuesday it has struck a global licensing deal for Arvinas and Pfizer's recently approved breast cancer drug, marking Rigel's fourth commercial product on the market. Shares of Rigel were up over ...
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Indian drugmaker Dr Reddy’s quarterly profit slumps on cancer therapy impairments

HYDERABAD, May 12 (Reuters) - Indian drugmaker Dr Reddy's reported an 86% slump in quarterly profit on Tuesday, hurt by an impairment charge linked to its discontinued cancer therapy program. Consolidated net profit dropped to 2.21 billion rupees ($23.1 ...
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Online seller eBay rejects GameStop’s $56 billion takeover offer

Online seller eBay is rejecting an unsolicited $56 billion takeover offer from GameStop, calling the proposal "neither credible or attractive." Ryan Cohen's GameStop disclosed earlier this month that it was pursuing a takeover of eBay, seeing it as a vehicle ...
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US consumer prices jump as Iran war sends energy prices rapidly higher

WASHINGTON (AP) - U.S. consumer prices climbed sharply again last month as the 10-week war with Iran pushed energy prices higher. The Labor Department's consumer price index rose 3.8% from April 2025, according to data released Tuesday. On a ...
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85-year-old French widow caught in Trump’s immigration crackdown describes her detention

ORVAULT, France (AP) - At night, silence fell over the Louisiana immigration detention facility where 85-year-old Marie-Thérèse Ross was held. Then the wailing began. ''Children crying, and even babies," said Ross, the French widow of a U.S. military veteran, whose ...
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Inflation report to show latest prices as fuel costs surge amid Iran war

(NEW YORK) -- An inflation report on Tuesday will provide a fresh gauge of prices as the Iran war ratchets up costs for gasoline, airfares and other expenses.Economists expect consumer prices to have risen 3.8% in April, when a ...
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A new name for PCOS, the most common cause of infertility

By Nancy Lapid May 12 (Reuters) - A disorder that affects 170 million women worldwide and is the leading cause of infertility known as polycystic ovary syndrome, or PCOS, is being renamed to improve diagnosis and care, researchers announced on ...
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