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Analysis-Euro zone firms struggle to raise prices despite Iran war shock

By Francesco Canepa and Rob Lang FRANKFURT, June 2 (Reuters) - Only a third of the euro zone's largest companies have indicated they are raising prices in response to the Iran war, a Reuters analysis of listed corporate earnings commentary ...
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BOJ should signal clear rate path after June hike, SMFG markets chief says

By Makiko Yamazaki and Miho Uranaka TOKYO, June 2 (Reuters) - The Bank of Japan should lay out a clear path for policy normalisation after a widely expected rate hike this month to stabilise the bond market, Sumitomo Mitsui Financial ...
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Gulf Coast is becoming America’s emergency fuel hub, study shows

(The Center Square) - The U.S. Gulf Coast is becoming the country's "emergency fuel hub" following the Trump administration's suspension of parts of the Jones Act, a federal law that restricts shipments of energy-related cargoes between domestic ports to ...
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Asian shares mostly slip as latest fighting undermines the US-Iran ceasefire.

TOKYO (AP) - Asian shares mostly declined Tuesday as renewed fighting threatened the U.S.-Iran ceasefire. U.S. futures also fell. Japan's benchmark Nikkei 225 slipped 1.6% to 65,833.49 and South Korea's Kospi dipped 1.7% to 8,642.82. The Hang Seng gained ...
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Luxury brands seek to lure America’s AI super-rich

By Elisa Anzolin and Helen Reid MILAN/LONDON, June 2 (Reuters) - European luxury brands have sharpened their focus on the United States, with a surge of store openings and fashion shows to lure a new crop of wealthy shoppers enriched ...
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California holds crowded primary in race to replace Gov. Gavin Newsom

SACRAMENTO, Calif. (AP) - California's gubernatorial primary comes to a close Tuesday as voters choose from an extensive field of candidates hoping to replace termed-out Democratic Gov. Gavin Newsom. The end of the voting period, which began in early May, ...
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Democrats redrew California’s map to counter Trump. The primary tests whether it pays off for them

California Democrats persuaded voters to let them redraw the state's congressional map so the party could potentially gain five seats in the U.S. House to counter GOP redistricting in Texas. Tuesday's primary will be the first indication of whether ...
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Republican senators want more answers on $1.8 billion settlement fund as Trump considers its future

WASHINGTON (AP) - Senate Republicans will meet Tuesday to discuss next steps after the Justice Department said it would comply with a court order pausing the implementation of a $1.776 billion settlement fund designed to compensate President Donald Trump's ...
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Fulcrum scraps sickle cell drug program after FDA raises cancer-risk concerns

June 1 (Reuters) - Fulcrum Therapeutics said on Monday it would stop developing its experimental sickle-cell disease drug after the U.S. Food and Drug Administration raised cancer-risk concerns, which left no viable regulatory path for the treatment. The drug developer's ...
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Brazil authorities say two suspected Ebola cases tested negative

SAO PAULO, June 1 (Reuters) - Brazil has cleared two suspected cases of Ebola after both patients tested negative for the virus, local authorities said on Monday. The suspected cases emerged over the weekend from patients with related symptoms ...
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Trump plans to drop ‘weaponization’ fund, says Axios

WASHINGTON, June 1 (Reuters) - U.S. President Donald Trump plans to drop his $1.8 billion "anti-weaponization" fund that would have benefited political allies, Axios reported on Monday, after a firestorm of criticism including from some of his fellow Republicans. ...
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Praxis Precision’s epilepsy drug misses main goal of mid-to-late stage study

June 1 (Reuters) - Praxis Precision Medicines said on Monday its experimental epilepsy drug failed to meet the main goal of a mid- to late-stage study, prompting it to pause enrollment in another ongoing study while it reassesses the ...
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