Town Hall News

By Andrea Shalal OTTAWA (Reuters) -President Joe Biden said on Friday that federal deposit insurance could be tapped for deposits above $250,000 if other U.S. banks fail, expressing confidence that mid-sized U.S. banks would survive strains in the sector. Biden said U.S. banks are in “pretty” good shape, people’s savings were secure and he did not see an industry ready to explode. “If we find that there’s more instability than […]

By Andrea Shalal OTTAWA (Reuters) -President Joe Biden said on Friday that federal deposit insurance could be tapped for deposits above $250,000 if other U.S. banks fail, expressing confidence that mid-sized U.S. banks would survive strains in the sector. Biden said U.S. banks are in “pretty” good shape, people’s savings were secure and he did not see an industry ready to explode. “If we find that there’s more instability than […]

SANTO DOMINGO (Reuters) – Venezuelan President Nicolas Maduro will attend the Ibero-American summit hosted by the Dominican Republic, a summit official said on Friday. “We welcome President Nicolas Maduro, who is on his way to the Dominican Republic,” said Marian Cruz, the master of ceremonies for the event. (Reporting by Ricky Frias and Paul Mathiasen; Editing by David Alire Garcia) Brought to you by www.srnnews.com

By Mariam Sunny and Khushi Mandowara (Reuters) -The U.S. Food and Drug Administration (FDA) on Friday approved Pharming Group’s drug to treat a rare genetic disorder that leads to a weakened immune system, the Dutch company said. Leniolisib, to be sold under the brand name Joenja, becomes the first approved drug in the United States to treat activated phosphoinositide 3-kinase delta syndrome (APDS), a primary immunodeficiency that affects about 1 […]

(Reuters) -The U.S. health regulator on Friday proposed cancer drug developers in most cases conduct more rigorous trials to seek accelerated approval for their candidates. The Food and Drug Administration’s proposed recommendation follows criticism for the accelerated approval pathway, as well as an independent federal review into it after the controversial nod for Biogen Inc’s Alzheimer’s treatment Aduhelm. Accelerated approvals allow the agency to move therapies that target serious and […]

LOS ANGELES (Reuters) – Los Angeles school officials reached an agreement on a tentative contract with some 30,000 education workers on Friday, a day after the union ended a three-day strike that disrupted class and social services in the nation’s second-largest school district. The contract, which is subject to a vote by the union members, significantly increases salaries for employees, expands healthcare benefits for part-time workers, and invests “considerable resources […]

(Reuters) -Two suspected undocumented immigrants suffocated to death aboard a freight train and 10 others in need of medical care were taken by helicopter or ambulance to hospital on Friday in south Texas, police said. Officials in Uvlade, Texas, received an anonymous emergency 911 call advising them that numerous immigrants were suffocating inside a train, Uvalde police said in a statement. At least 15 immigrants needed immediate medical attention, police […]

(Reuters) – Microsoft Corp has threatened to cut off access to its internet-search data, which it licenses to rival search engines, if they do not stop using it as the basis for their own artificial intelligence chat products, Bloomberg News reported on Friday, citing people familiar with the dispute. (Reporting by Nilutpal Timsina in Bengaluru; Editing by Sandra Maler and Stephen Coates) Brought to you by www.srnnews.com

Emmanuel Rodriguez hit a three-run homer in the top of the ninth inning as the Minnesota Twins scored five runs in the last two innings to rally past the New York Yankees 6-4 in a spring training game Friday in Tampa, Fla. Eduoard Julien hit a solo homer in the eighth to close the Twins’ deficit to 4-2. In the ninth with two down, Armani Smith delivered an RBI single […]