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US FDA publishes final rule for laboratory developed tests Apr 29, 2024 09:59AM

(Reuters) - The U.S. Food and Drug Administration (FDA) on Monday published the final rule to ensure safety and effectiveness of laboratory developed tests (LDTs), which are designed, manufactured and used within a clinical laboratory.

(Reporting by Mariam Sunny in Bengaluru; Editing by Shinjini Ganguli)


Takeover rules to prevent Anglo from saying much on BHP bid at AGM Apr 29, 2024 09:53AM

By Eric Onstad

LONDON (Reuters) - BHP's $39 billion bid will be the elephant in the room at Anglo American's Tuesday annual general meeting, with regulations meaning little can be said about the spurned offer.

The world's biggest listed mining group is considering making an improved offer for Anglo, a source familiar with the matter told Reuters on Saturday, after its initial takeover proposal was rejected last week.

Anglo... (continue reading...)


Exclusive-US military's pier in Gaza to cost $320 million Apr 29, 2024 09:41AM

By Phil Stewart and Daphne Psaledakis

WASHINGTON (Reuters) - The U.S. military's cost estimate to build a pier off Gaza to deliver humanitarian aid has risen to $320 million, a U.S. defense official and a source familiar with the matter told Reuters.

The figure, which has not been previously reported, illustrates the massive scale of a construction effort that the Pentagon has said involves about 1,000 U.S. service members, mostly from... (continue reading...)


US Supreme Court won't hear Elon Musk dispute over SEC settlement Apr 29, 2024 09:38AM

By John Kruzel

WASHINGTON (Reuters) - The U.S. Supreme Court declined on Monday to hear Elon Musk's bid to throw out part of a securities fraud settlement with the Securities and Exchange Commission restricting the billionaire businessman's public statements about his electric car company Tesla.

The justices turned away Musk's appeal of a lower court's decision upholding the 2018 settlement reached after he said on social media that he... (continue reading...)


Wall St opens higher on megacap strength, Fed verdict awaited Apr 29, 2024 09:38AM

(Reuters) - Wall Street's main indexes opened higher on Monday as Tesla and Apple led gains in megacap companies, while investors exercised caution ahead of the Federal Reserve's interest rate decision later in the week.

The Dow Jones Industrial Average rose 42.5 points, or 0.11%, at the open to 38,282.16. The S&P 500 rose 14.2 points, or 0.28%, at the open to 5,114.13​, while the Nasdaq Composite rose 79.1 points, or 0.50%, to 16,006.998 at the... (continue reading...)


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