Usa Financial News

Alembic Pharmaceuticals on Thursday said it has received tentative approval from the US health regulator for its generic Ivosidenib tablets used in the treatment of certain types of cancer of bone marrow and bile duct. The tentative approval by the US Food & Drug Administration (USFDA) is for the abbreviated new drug application (ANDA) for Ivosidenib tablets of strength 250 mg, the company said in a regulatory filing. The approved ANDA is therapeutically equivalent to the reference listed drug product Tibsovo tablets, 250 mg, of Servier Pharmaceuticals LLC (Servier), it added. The company said Ivosidenib tablets are indicated for patients with newly diagnosed Acute Myeloid Leukemia (AML) as monotherapy in adults 75 years or older, or who have comorbidities that preclude the use of intensive induction chemotherapy.

Gold prices were flat on Wednesday as investors awaited minutes of the Federal Reserve's last policy meeting for fresh cues on when the U.S. central bank will start cutting interest rates. Spot gold was nearly unchanged at $2,329.66 per ounce, as of 0152 GMT. U.S. gold futures gained 0.2% to $2,338.70.

Neuberger Berman Group's Steve Eisman expects the outsized strength in US megacap technology shares will «last for years,» as artificial intelligence becomes more accessible to consumers via electronic devices. People will want new AI apps on cellphones and personal computers, spurring the «biggest refresh cycle in history» as they purchase upgraded gadgets, he told Bloomberg Television in an interview on Thursday.

The issue of Tibet is back onto the international centre-stage with the visit of a seven-member US Congressional delegation to Dharamshala, Himachal Pradesh, this month to meet the Dalai Lama and members of the Tibetan government-in-exile. During the visit, former US House Speaker Nancy Pelosi lashed out at Chinese President Xi Jinping saying that the Dalai Lama’s contribution will live on in perpetuity while Xi Jinping will fade into obscurity.

Consider a country whose economy has suffered due to years of lower productivity growth than its peers, high inequality and low private investment. To compound its problems, it is not part of dynamic free-trade zones, which would lower its tariffs, push its industry to be more competitive and reduce friction for goods crossing borders. This is the huge to-do-list that Keir Starmer faces as the new Prime Minister of UK, but it is also more or less the challenge that New Delhi confronts.

Inflation decelerated again in June, bringing further relief to consumers' wallets.

The Biden administration is imposing tariffs on steel and aluminum shipped from Mexico that were made elsewhere

Democrats are in a state of panic and there are multiple reasons for it. Biden’s approval ratings are on the decline and several of the potential replacements are trailing behind Republican candidate Donald Trump who is also a former president. There is only person who is capable of defeating Trump. She is former First Lady Michelle Obama. Various national surveys have given her a double-digit lead over Trump. This should have been some sort of relief for the Democrats. However, the former First Lady has said that she is not interested in a political career. The never-ending woes for the Democrats continue.

Private equity firm Bain Capital is reportedly on the verge of finalizing a deal to acquire Envestnet, the enterprise wealth tech provider.

Santa Barbara County has charred nearly 18,000 acres since it began on July 5. Though there are worries that the fire may eventually move to more inhabited areas, it is now raging mostly in rural areas close to Los Padres National Forest, as reported by 'Fox Weather'. Conditions for fires have gotten worse due to the prolonged heat wave that is affecting the Western US and the dry weather. The area hasn't seen such extreme and protracted heat in 20 years, according to meteorologists from the National Weather Service. Although there isn't a drought in California right now, the state's parched vegetation and unrelenting heat make combating fires extremely difficult.

3B rocket malfunctioned shortly after launch on its maiden mission in 1996, China's space industry suffered a serious blow. A big fireball and much damage were caused when the rocket went off course and fell into the nearby village of Mayelin. While US defense authorities believed the death toll to be in the hundreds, official reports stated there were six casualties. As a result of this catastrophe, US space industries withdrew from their partnerships with China, which led to the implementation of strict export regulations that are still in place today, as per reports of 'Yahoo News'.

Happy US Independence Day 2024 with open arms. This is a day of rich history, significance and pride for all of the United States and the best part is, to celebrate the occasion to the fullest, this day has a federal holiday status, which means, most services across the US will remain shut meaning you get ample opportunity to attend US Independence Day events happening in your area along with visiting the fireworks displays that usually happen across major US cities like New York at night.

The Fourth of July holiday, also known as Independence Day, celebrates the Second Continental Congress’ unanimous adoption of the Declaration of Independence on July 4, 1776, a document announcing the colonies’ separation from Great Britain

A corner of Wall Street long shunned by investors is suddenly in demand. Higher rates over the past two years were expected to slam risky corporate borrowers that rely heavily on floating-rate debt. That hasn’t happened.

The nation’s housing market sales slump is dragging on into its third straight year, as evidenced by another weak spring homebuying season

AC 130-J is large according to CNN who has reported this. Nicknamed the Ghost rider, it has the ability to pick on objects which are located 50,000 feet away. It has powerful cameras that can easily capture the photographs before relaying it back the command center. It is also equipped with the biggest gun ever mounted on a fixed wing plane. Recently, the aircraft was spotted in the South Korean air space where it was conducting joint exercises with a key Asian ally. This aircraft is critical to the US Air Force and its aircraft mounted gun missions in places such as Iraq and Somalia.

Inflation in the United States cooled in June for a third straight month, a sign that the worst price spike in four decades is steadily fading and may soon usher in interest rate cuts by the Federal Reserve

Jeo Boden ($BODEN), a recently popular meme coin parodying incumbent US President Joe Biden, has risen 20% overnight amidst anticipation for this fall’s presidential election.

Olympics starts July 26 this year and will continue until August, offering some brilliant sporting action throughout the weeks. As soon as the Olympic Torch is in place and the action kicks off, Team USA will go in with all guns blazing and attempt to stay at the top of the medal tally at the Paris Olympics 2024. This year, USA has fine-combed every selection, and has left no stones unturned in sending their best teams and players towards the journey of participating at the Paris Olympics 2024.

This spring, amid preparation for cookie sales and planning a white-water rafting trip, the Girl Scouts of Larchmont-Mamaroneck welcomed a special guest speaker: a dermatologist. Preteens and teens across the country have ditched their crafts, videogames and toys, embracing antiaging and other beauty products, and parents are concerned. Some of the most popular products contain active ingredients such as retinol and glycolic acid, which can thin the top layer of the skin and cause peeling and irritation.

Indic languages, Indian Institute of Science’s AI and Robotics Technology Park (IISc-ARTPARK) plans to open-source 16,000 hours of spontaneous speech from 80 districts as part of Project Vaani in collaboration with American technology company Google. IISc-ARTPARK is curating datasets of 150,000 hours of natural speech and text from around one million people across 773 districts of India, and the first phase of the project, launched at the end of 2022, is nearing completion.