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More Fed policymakers eye possible rate hike as inflation risks rise

By Michael S. Derby May 29 (Reuters) - Federal Reserve officials continued on Friday to signal the U.S. central bank may need to raise interest rates in the future if the war in the Middle East leads to a persistent ...
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Universal Music Group declines Pershing Square takeover proposal

May 29 (Reuters) - Universal Music Group's board on Friday declined an unsolicited takeover proposal from Bill Ackman's Pershing Square. In April, Pershing Square had proposed a cash-and-stock offer through its acquisition vehicle, valuing Universal Music at around €30.40 per ...
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Judge temporary freezes payments from Trump administration’s ‘Anti-Weaponization Fund’

(WASHINGTON) -- A federal judge in Virginia on Friday ordered a temporary freeze on any payments coming from the Trump administration's "Anti-Weaponization Fund" as she considers arguments in a lawsuit brought by a former Jan. 6 prosecutor to block ...
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ICE agent charged in nonfatal Minneapolis shooting arrested in Texas

(NEW YORK) -- A U.S. Immigration and Customs Enforcement agent charged in the nonfatal shooting earlier this year of a Venezuelan man in Minneapolis was arrested in Texas on Friday, more than a week after prosecutors announced the charges, ...
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US FDA approves MannKind’s inhaled insulin for children

By Sahil Pandey and Sriparna Roy May 29 (Reuters) - The U.S. Food and Drug Administration has approved expanded use of MannKind's inhaled rapid-acting insulin in children with diabetes, offering patients under 18 years of age a needle-free treatment ...
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Massachusetts sues UnitedHealth insurance unit for alleged Medicaid fraud

By Jonathan Stempel May 29 (Reuters) - Massachusetts sued a UnitedHealth insurance unit on Friday, accusing it of defrauding the state's Medicaid program, MassHealth, out of more than $100 million by making older patients appear more seriously ill than they ...
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Trump claims he’s making food more affordable but his examples ignore the big picture

WASHINGTON (AP) - In a Truth Social post on Wednesday, the president proclaimed "TRUMP'S MAKING FOOD AFFORDABLE," and cited falling prices for a range of groceries, including avocados, fresh berries, and a variety of pantry staples. Yet just two ...
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Cost uncertainty follows prescription price cap bill in Senate

(The Center Square) - Several Illinois Democrats have made a late-session push to create a state board that would impose price caps on prescription drugs. ...
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2 dead after e-scooter crashes into bike on New York City bridge

(NEW YORK) -- Two people died in a collision between a rider on an electronic scooter and another on a bike on the bike path during the morning commute on a New York City bridge on Thursday. Francis ...
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Amtrak fire suspends Penn Station service for NJ Transit commuters

(NEW YORK) -- A fire erupted on Amtrak work trains in a Hudson River tunnel between New York and New Jersey early Friday, suspending Penn Station service for NJ Transit and Long Island Rail Road commuters.LIRR service has since ...
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Unrealised losses at US private credit lenders deepen

By Patturaja Murugaboopathy May 29 (Reuters) - Unrealised losses at U.S. private credit lenders deepened in the first quarter to their worst level since 2022, while the amount of interest income they received in kind, rather than cash, stayed ...
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Private credit roundup: paper losses deepen at lenders

LONDON, May 29 (Reuters) - A Reuters analysis of first-quarter regulatory filings by private credit lenders showed paper losses deepened, underscoring market concerns this year over the sector's profitability and risks from AI disruption. The Reuters analysis of 51 business ...
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