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Trending: Trump imposes double-digit tariffs on dozens of countries as his 10% levies are set to expire Friday
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Coty’s perfume business takes another knock with David Beckham fragrance lawsuit

By Alexander Marrow and Helen Reid LONDON, May 1 (Reuters) - Beauty brand Coty is facing a lawsuit from DB Ventures, the company behind former football star David Beckham's eponymous fragrance, for what the lawsuit describes as flagrant material breaches ...
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Analysis-Investors are running out of time to brace for true oil shock

By Ankur Banerjee and Amanda Cooper SINGAPORE/LONDON, May 1 (Reuters) - In thrall to an AI boom that has sent stocks to record highs and harbouring hopes of a short-lived Iran war, investors have yet to prepare for a doubling ...
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Fed’s Hammack says no longer appropriate to signal rate cut bias

By Michael S. Derby May 1 (Reuters) - Federal Reserve Bank of Cleveland President Beth Hammack said Friday she dissented against the central bank holding on to an easing bias this week due to uncertainty around the economic and inflation ...
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Fed should drop rate-cut lean because of oil price shock, policymakers say

By Howard Schneider and Michael S. Derby WASHINGTON, May 1 (Reuters) - Federal Reserve officials who dissented against this week's policy statement said the developing oil price shock from the U.S.-backed war with Iran means the U.S. central bank should ...
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OxyContin maker Purdue Pharma’s settlement, by the numbers

OxyContin maker Purdue Pharma is set to dissolve and be replaced with a new company operating in the public interest under the settlement of thousands of lawsuits that goes into effect Friday. It's among the largest in a series of ...
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Big Pharma M&A set for mega year as patent expiries drive deal urgency

By Christy Santhosh and Sriparna Roy May 1 (Reuters) - Biotech dealmaking is on pace for a bumper year in 2026, with large drugmakers on an acquisition spree to boost their pipelines ahead of upcoming patent losses. The surge appears broader ...
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AIG keeps private credit in check to shield portfolio from industry jitters; shares rise

By Pritam Biswas May 1 (Reuters) - AIG has pared back its private credit activity amid current market conditions, the insurer's finance chief said on Friday, helping reassure investors and pushing its shares up about 5% in early trading. Elevated default ...
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US FDA taps Szarama as acting head of vaccine unit

By Kamal Choudhury May 1 (Reuters) - The U.S. Food and Drug Administration has named Katherine Szarama as the acting director of its vaccines and biologics unit, a Health and Human Services official told Reuters on Friday, replacing Vinay Prasad, ...
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China has now dropped tariffs on imports from every African country except 1

CAPE TOWN, South Africa (AP) - A China policy giving Africa's biggest economies tariff-free access to its market for the next two years came into effect Friday while its economic rival the United States seeks to impose new import ...
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Fed’s Logan says central bank’s next rate move could be cut or hike

By Michael S. Derby May 1 (Reuters) - Federal Reserve Bank of Dallas President Lorie Logan said on Friday uncertainty over the outlook and ongoing concerns about inflation means the central bank should not be sending signals that the next ...
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Analysis-Sell in May and go away? Not so fast, investors

By Saqib Iqbal Ahmed NEW YORK, May 1 (Reuters) - Blindly following the old Wall Street adage "sell in May and go away" may prove costly, as investors weigh whether to call time on a powerful market recovery heading into ...
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Chevron’s upstream strength lifts first-quarter earnings past estimate

By Sheila Dang HOUSTON, May 1 (Reuters) - Chevron exceeded Wall Street estimates for its first-quarter earnings on Friday, as elevated oil prices linked to the U.S.-Israeli war on Iran helped boost results from its upstream business. The company reported adjusted ...
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