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[ad_1] Eli Lilly logo is shown on one of the company's offices in San Diego, California, U.S., September 17, 2020.  Mike Blake | Reuters Eli Lilly on Tuesday reported first-quarter adjusted profit that topped Wall Street's expectations and hiked its full-year guidance on strong sales of its blockbuster diabetes drug Mounjaro and newly launched weight loss treatment Zepbound. The drugmaker now expects full-year adjusted earnings of $13.50 to $14.00 per share, up from previous guidance of $12.20 to $12.70 per share. Eli Lilly also expects revenue for the year to come in between $42.4 billion and $43.6 billion, an increase of $2 billion at either end of the range. Analysts surveyed by LSEG expected full-year adjusted earnings of $12.50 per share and sales of $41.44 billion.  The company said the boosted guidance is in part due to optimism around increased production of Zepbound, Mounjaro and similar drugs for the rest of the year. "Now that we're four months into th

[ad_1] United States President Joe Biden has officially launched his campaign for re-election in 2024, becoming the Democratic frontrunner in a race that could pit him for a second time against Republican contender Donald Trump. Biden’s announcement in a video on Tuesday came on the fourth anniversary of the start of his first successful presidential bid. A majority of Democrats would back Biden, 80, against a Republican challenger in next year’s election, a recent poll found. But the Democratic president faces some of the lowest approval ratings of his tenure so far, and his age – Biden is currently the oldest person to ever hold the highest US office – has spurred questions about his re-election prospects. Biden, who would be 86 at the end of a second term, is betting his first-term legislative achievements and more than 50 years of experience in Washington will count for more than concerns over his age. He faces a smooth path to winning his party’s nomination with no se

[ad_1] The United States and African nations were racing to secure an extension of a ceasefire in Sudan on Thursday, with the Sudanese army saying it had given an initial nod to an African proposal calling for talks even as heavy fighting continued. Hundreds of people have been killed in nearly two weeks of conflict between the army and a rival paramilitary force — the Rapid Support Forces (RSF) — which are locked in a power struggle that threatens to destabilise the wider region. An RSF statement accused the army of attacking its forces on Thursday and spreading “false rumours”, making no reference to the proposal which the army said came from the Intergovernmental Authority on Development (IGAD), an African regional bloc. The sound of airstrikes and anti-aircraft fire could be heard in Khartoum and the nearby cities of Omdurman and Bahri, witnesses and Reuters journalists said. The existing three-day ceasefire brought about a lull in fighting, without completely halting i

[ad_1] Syringe with Covid-19 vaccine against the XBB Variant. Fight against virus Covid-19 Coronavirus, Vaccination and immunization. Undefined Undefined | Istock | Getty Images U.S. Food and Drug Administration staff on Monday said updated Covid boosters should target XBB omicron subvariants for the upcoming fall and winter vaccination campaign.  The U.S. should use a monovalent vaccine targeting either XBB.1.5, XBB.1.16, or XBB.2.3, collectively the dominant strains nationwide, the staff said in a briefing document .  related investing news The FDA staff made the conclusion ahead of a meeting on Thursday, when a panel of external advisors to the agency will recommend a strain for new Covid shots to target later this year. There is no set date for when the vaccination campaign will begin. Vaccine manufacturers will be expected to update their shots once that strain is selected. Pfizer , Moderna and Novavax are already developing versions of their respective vaccines targeti

[ad_1] Australia paused a major military exercise with the United States on Saturday, after a defence helicopter taking part in the drills crashed into the Pacific leaving four aircrew missing. Accoring to international media reports, australia's Defence Minister Richard Marles said the MRH-90 Taipan went down late Friday night in sub-tropical waters near Hamilton Island, Queensland. It had been taking part in the vast Talisman Sabre exercise, which features 30,000 military personnel from Australia, the United States and several other nations. "As we speak to you now, the four aircrew are yet to be found" Marles said after a nearly overnight search, which is set to continue Saturday. "The families of the four aircrew have been notified of this incident and our hopes and thoughts are very much with the aircrew and their families," Marles added. Officials have not yet said what caused the incident, which came as the Talisman Sabre excercise was enteri

[ad_1] A Tesla showroom is seen in the City Center shopping center on January 17, 2023 in Washington, DC. Anna Moneymaker | Getty Images DETROIT — Tesla vehicles in the U.S. are seeing significant price cuts, and that's proving to be a double-edged sword for the electric carmaker and the greater automotive industry. Tesla earlier this month slashed prices of its new cars by as much as 20% , making the vehicles more affordable and likely eligible for federal tax credits . But it also tanks the resale values of cars for current owners and is sending ripple effects through the auto industry. related investing news CEO Elon Musk hasn't directly addressed the price cuts, which are counterintuitive to his claims that the company's cars will be appreciating assets — a rarity for the market aside from classics and collectible vehicles. Analysts say the price cuts suggest Tesla is prioritizing sales over profits, potentially signaling a demand problem. "There's deman

[ad_1] UNITED STATES: In-form Mallory Swanson scored again as the United States beat Brazil 2-1 to clinch a fourth straight SheBelieves Cup crown Wednesday. Striker Swanson has now netted in six matches in a row, the longest such run for the US women since Christen Press did the same from November 2019 to February 2020. Swanson is hitting form at the right time, with the top-ranked United States preparing to defend their crown in July's Women's World Cup in New Zealand and Australia. The 24-year-old scored twice in the tournament opener against Canada and again in the 1-0 win over Japan. She kept her streak going with a 63rd-minute strike that put the United states up 2-0. She seized on a through ball from Rose Lavelle and fired past Brazilian goalkeeper Lorena. Alex Morgan had put the United States ahead in first-half stoppage time, curling a left-footed shot past Lorena. Brazil clawed back a goal in the 90th minute as substitute Ludmila headed past Alyssa Naeh

[ad_1] Lana Payne celebrates on stage as Unifor, Canada's largest private-sector union, announce Payne as their new president to replace outgoing leader Jerry Dias in Toronto, Ontario, Canada, Aug. 10, 2022. Cole Burston | Reuters DETROIT — Canadian union Unifor and Stellantis have reached a tentative agreement early Monday morning, ending a brief strike that began after a deal wasn't reached by 11:59 p.m. Sunday. The Canadian work stoppage involved more than 8,200 autoworkers at several facilities in the Canadian province of Ontario, including two large assembly plants that produce the Chrysler 300 sedan and Pacifica minivan and the Dodge Challenger and Charger muscle cars. The strike and tentative deal, which must still be ratified by union members, occurred two days after Stellantis reached a tentative deal for about 43,000 U.S. autoworkers with the United Auto Workers union after roughly six weeks of targeted strikes that began Sept. 15. Details of the tentative ag

[ad_1] China warned on Tuesday that Australia, Britain and the United States were treading a “path of error and danger” after they unveiled a nuclear-powered submarines deal. Australia announced on Monday it would buy up to five US nuclear-powered submarines, then build a new model with US and British technology under an ambitious plan to bulk up Western muscle across the Asia-Pacific in the face of a rising China. US President Joe Biden has stressed that Australia, which joined the alliance with Washington and London known as AUKUS 18 months ago, will not be getting nuclear weapons. However, acquiring submarines powered by nuclear reactors puts Australia in an elite club and at the forefront of US-led efforts to push back against Chinese military expansion. Wang Wenbin, China’s foreign ministry spokesman, said: “The latest joint statement from the US, UK and Australia demonstrates that the three countries, for the sake of their own geopolitical interests, completely disreg

[ad_1] Ford CEO Jim Farley announces at a press conference that Ford Motor Company will be partnering with the worlds largest battery company, a China-based company called Contemporary Amperex Technology, to create an electric-vehicle battery plant in Marshall, Michigan, on February 13, 2023 in Romulus, Michigan. Bill Pugliano | Getty Images News | Getty Images DETROIT – U.S. lawmakers are seeking to review a licensing deal between Ford Motor and China-based CATL that would allow the automaker to produce battery cells developed by the global supplier at a planned $3.5 billion plant in Michigan. In a letter Thursday addressed to Ford CEO Jim Farley, chairs of the House Select Committee on the Chinese Communist Party (CCP) and the House Ways and Means Committee demanded the automaker provide a copy of the licensing agreement and any communication about the deal between the two companies as well as between Ford and the Biden administration regarding any potential tax credits. The

[ad_1] Mark Wahlberg showcases his Flecha Azul Tequila at Palms Casino Resort in Las Vegas, June 15, 2023. Denise Truscello | Getty Images As more drinkers seek out luxury spirits , a growing number of celebrities are using their star power, and cash, to elevate premium liquor brands. Volume sales of spirits brands at the top end of the distilled spirits market increased 4% last year from the year before, according to the Distilled Spirits Council of the United States. Consumers' willingness to spend more on premium bottles has led to booming sales of liquors such as tequila, which rose 21% in 2022 from the prior year. related investing news As shoppers shell out for pricier bottles, the high-end spirits business has become an enticing venture for those with the right capital and celebrity, said Chris Swonger, president and CEO of DISCUS. "Celebrity-owned spirit brands have been around for a while," Swonger said. "But certainly, the increased consumer interest i

[ad_1] Muhammad Masood, a 31-year-old licensed Pakistani doctor, living in the United States on a work visa, was sentenced to 18 years in jail for attempting to provide material support to a terrorist organisation, Daesh. "A Rochester man was sentenced today to 216 months in prison, equivalent to 18 years, followed by five years of supervised release for attempting to provide material support to a foreign terrorist organization," a press release issued by the US Department of Justice stated. The court documents showed that Masood was formerly employed as a research coordinator at a medical clinic in Rochester, Minnesota, under an H-1B visa. As per the official statement, Masood's activity from January 2020 to March 2020 showed his attempts to become a part of the militant outfit and provide material support in carrying out terrorist acts in the US. "Between January 2020 and March 2020, Masood used an encrypted messaging application to facilitate his trave

[ad_1] Traders work on the floor of the New York Stock Exchange during morning trading on April 10, 2023 in New York City.  Michael M. Santiago | Getty Images U.S. stock futures were little changed on Monday evening, as all eyes on Wall Street turn to a Tuesday meeting between congressional leaders and President Joe Biden. Futures tied to the S&P 500 slipped 0.04%, while Nasdaq 100 futures inched lower by 0.05%. Dow Jones futures lost 15 points, or 0.04%. Investors are anxiously awaiting progress on a deal to raise the debt ceiling before June 1, which is the earliest date the Treasury Department has said the U.S. could default on its debt obligations. Treasury Secretary Janet Yellen said last week that a lack of a deal could spur an "economic catastrophe." On Monday , Yellen reaffirmed that the U.S. faced the possibility of default as early June 1, the so-called "X date," if a deal isn't reached between the White House and Congress. "Waiting u

[ad_1] Travelers walk at a terminal hall in Beijing Capital International Airport, China. Tingshu Wang | Reuters The United States is planning to lift a  Covid testing requirement  for travelers from China put in place earlier this year, a source familiar with the matter told NBC News on Tuesday. The plan,  first  reported by the Washington Post, would nix the China-specific requirements that were implemented in early January. The U.S. began requiring a pre-departure negative Covid test for travelers ages 2 and up flying from China on Jan. 5. The policy followed a  surge  in coronavirus cases in China after it ended its strict Covid-zero policy. [ad_2] Source link https://worldnews2023.com/health/u-s-plans-to-lift-covid-testing-requirements-for-travelers-from-china/?feed_id=221405&_unique_id=658e53bea387a

[ad_1] United States President Joe Biden said on Saturday the US will always have Israel’s back and warned that no enemy of Israel should exploit the attacks. Talking to Israeli Prime Minister Benjamin Netanyahu, he offered “all appropriate means of support” to the government and people of Israel in their fight against Hamas. “The United States unequivocally condemns this appalling assault against Israel by Hamas terrorists from Gaza, and I made clear to Prime Minister Netanyahu that we stand ready to offer all appropriate means of support to the government and people of Israel,” President Biden said in a statement issued after he spoke with Mr Netanyahu. “My administration’s support for Israel’s security is rock solid and unwavering. “Terrorism is never justified. Israel has a right to defend itself and its people,” he said “We are heartbroken by the lives that have been tragically cut short and hope for a swift recovery for all those who have been wounded,” President Bid

[ad_1] Nine people were injured when gunfire erupted along a beachside promenade in Hollywood, Florida, sending people frantically running for cover along the crowded beach during the Memorial Day holiday in the United States. According to international media reports, everal of those wounded on Monday evening were taken to a children’s hospital, police spokesperson Deanna Bettineschi said. Bettineschi said four minors – aged between one and 17 – were hit, along with five adults between 25 and 65. One was in surgery late on Monday night while the others were stable, she said. The shooting happened shortly before 7pm (23:00 GMT) when a fight broke out and at least one gun was pulled and shots were fired, Bettineschi said. At least one person was in custody, but police were looking for more suspects. Police chief Chris O’Brien said thousands of people were in the area and dozens of police officers responded, including some who were nearby. “It’s unfortunate we have law-abidin

[ad_1] A convoy of United States embassy staff has come under fire in southeast Nigeria, an attack that killed two employees and two police officers. According to international media reports, gunmen also kidnapped three individuals – two other police officers and a driver – during the attack on Tuesday near the town of Atani in Nigeria’s Anambra State. A rescue and recovery effort remains under way, according to a police spokesperson in Anambra, Ikenga Tochukwu. “The hoodlums murdered two of the Police Mobile Force operatives and two staff of the Consulate, and set their bodies ablaze and their vehicles,” Ikenga said, noting the area was known for separatist violence. It is not immediately clear the nature of the trip by the US embassy staffers in Anambra, nor how many people were in the convoy. He also expressed regret the convoy chose to “enter the state without recourse to the police in the area or any security agency”. Law enforcement, he said, arrived only after the a

[ad_1] Juul Labs signage is seen in the window of a store in San Francisco, June 25, 2019. David Paul Morris | Bloomberg | Getty Images Juul Labs said Wednesday it's planning to cut about 30% of its workforce as it looks to cut costs and boost profits. The layoffs will affect about 250 people, reducing the company's headcount to about 650, a company spokesperson said. This will reduce operating expenses by $225 million, the Juul spokesperson added. Juul, which is seeking federal authorization to keep its e-cigarette products on the market, said the cuts will improve its margins and free up cash for litigation settlements. "Today, Juul Labs is announcing a company restructuring aimed at reducing our operating costs and positioning us to continue to advance our mission during a period of regulatory and marketplace uncertainty," the company said in a news release . Last year, the vaping giant had its products ordered off the market by the Food and Drug Administrati

[ad_1] Military vehicles queue to launch U.S.-made TOW A2 missiles during a live firing exercise in Pingtung county on July 2023. Sam Yeh | Afp | Getty Images The United States unveiled a Taiwan weapons aid package worth up to $345 million on Friday, a move likely to anger China even as the Biden administration declined to publicly provide details on the arms in the package. Congress authorized up to $1 billion worth of Presidential Drawdown Authority weapons aid for Taiwan, which strongly rejects Chinese sovereignty claims, in the 2023 budget. Beijing has repeatedly demanded the United States, Taiwan's most important arms supplier, halt the sale of weapons to the island. In recent weeks, four sources told Reuters the package was expected to include four unarmed MQ-9A reconnaissance drones, but noted their inclusion could fall through as officials work through details on removing some of the advanced equipment from the drones that only the U.S. Air Force is allowed access to.