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24 June
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Eli Lilly Alzheimer’s Drug Gains FDA Breakthrough Designation By Bloomberg

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(Bloomberg) -- Eli Lilly & Co (NYSE:LLY) rose after its experimental drug for Alzheimer’s disease gained breakthrough status from U.S. regulators, a designation that will speed its consideration for approval. Biogen's (NASDAQ:BIIB) Aduhelm was approved for Alzheimer’s on June 7 after gaining breakthrough status in a controversial move by the Food and Drug Administration. Lecanemab, another drug being developed by Biogen and its partner Eisai (OTC:ESALY), received the same designation Wednesday. Lilly gained as much as 8.7% in trading before U.S. markets opened. Biogen fell 3.5%. Like Aduhelm, Lilly’s donanemab attacks amyloid, an abnormal protein...

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24 June
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Accenture raises annual forecast as hybrid work models boost cloud-service demand By Reuters

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(Reuters) -IT consulting firm Accenture (NYSE:ACN) Plc raised its full-year revenue forecast on Thursday, betting on strong demand for its digital, cloud and security services from businesses looking to strengthen their operations as they shift to hybrid working models. The company, which has clients across industries including health and financial services, has announced 39 acquisitions for the fiscal year to date to ramp up its digital offerings and cater to businesses that were scrambling to switch to the cloud during the pandemic. Analysts say that the demand for IT consulting services is at a 20-year high...

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24 June
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Volkswagen considering buying majority stake in Europcar By Reuters

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BERLIN (Reuters) - Germany's Volkswagen (DE:VOWG_p) confirmed on Thursday it is considering acquiring a majority stake in car rental company Europcar as it seeks to tap into the trend for consumers to rent rather than own a vehicle. Volkswagen said it was considering a potential transaction, together with investors Attestor and Pon Holdings, although considerations were at a very early stage and no decisions had been taken. Company sources told Reuters a year ago that VW wanted to buy back Europcar, which it sold to French financial investor Eurazeo (PA:EURA) in 2006 for 3.3 billion euros...

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24 June
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IBM explores AI tools to spot, cut bias in online ad targeting By Reuters

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By Paresh Dave (Reuters) - IBM (NYSE:IBM) Corp is developing tools that would ensure online advertising algorithms do not unfairly show ads to only specific groups such as mostly men or wealthy people, aiming to address discrimination concerns that have drawn industrywide scrutiny. The company told Reuters on Thursday that a team of 14 will research "fairness" in ads over the next six months, exploring ways to spot and mitigate unintended bias, including in audiences and the messages themselves. Academic researchers and civil rights groups have found for a decade that some audiences including...

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24 June
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UK to ban daytime junk food adverts on TV and online By Reuters

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LONDON (Reuters) - Britain will ban adverts promoting unhealthy food from appearing on television during the day and on the internet as part of its drive to tackle obesity and encourage healthy eating. The new rules, which will come into force at the end of next year, are designed to change the current trend where one in three children leave primary school overweight or obese, but they prompted an angry reaction from some media groups. Under the plan, adverts for foods that are high in fat, salt and sugar will be banned from appearing on...

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24 June
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Homebuilders, financials boost FTSE 100 ahead of BoE rate decision By Reuters

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(Corrects formatting in graphic) By Shashank Nayar (Reuters) -Homebuilders and financial stocks lifted the FTSE 100 on Thursday ahead of a Bank of England meeting where investors' focus will be on signs the central bank was joining its U.S. peer in taking a hawkish tone to its monetary stimulus. The blue-chip FTSE 100 gained 0.2%, with heavyweight homebuilders jumping 1.2% following upbeat half-yearly earnings from Crest Nicholson (LON:CRST) Holdings Plc. Shares of Crest, which also reinstated its dividend, jumped 4.5% to a two-week high, while Berkeley Group, Barratt Developments (LON:BDEV) and ...

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24 June
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Exclusive-Gas infrastructure across Europe leaking planet-warming methane – video footage By Reuters

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By Kate Abnett and Shadia Nasralla BRUSSELS/LONDON (Reuters) - The potent greenhouse gas methane is spewing out of natural gas infrastructure across the European Union because of leaks and venting, video footage made available to Reuters shows. Using a 100,000 euro ($119,000) infrared camera, non-profit Clean Air Task Force (CATF) found methane seeping into the atmosphere at 123 oil and gas sites in Austria, Czech Republic, Germany, Hungary, Italy, Poland and Romania this year. Methane, the biggest cause of climate change after carbon dioxide (CO2), is the main component of natural gas and over...

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24 June
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U.S. bans imports of solar panel material from Chinese company By Reuters

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By Karen Freifeld, Michael Martina and David Shepardson WASHINGTON (Reuters) -The Biden administration on Wednesday ordered a ban on U.S. imports of a key solar panel material from Chinese-based Hoshine Silicon Industry Co over forced labor allegations, two sources briefed on the matter said. The U.S. Commerce Department separately restricted exports to Hoshine, three other Chinese companies and the paramilitary Xinjiang Production and Construction Corps (XPCC), saying they were involved with the forced labor of Uyghurs and other Muslim minority groups in Xinjiang. Reacting on Thursday, China's foreign ministry spokesman Zhao Lijian said China will take...

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24 June
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Dollar steady, sterling slips ahead of Bank of England meeting By Reuters

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LONDON (Reuters) - The dollar slipped slightly in early European trade on Thursday, having spent the week gradually edging away from two-month highs hit after the U.S. Federal Reserve's surprise hawkish shift at its meeting last week. Currency markets were quiet as traders weighed up different signals from Federal Reserve officials on the timing of a withdrawal of monetary stimulus. The dollar index inched lower to 91.738 at 0715 GMT, having pared back some gains after hitting a two-month high of 92.408 on Friday. The euro was a touch higher against the dollar, up 0.1%...

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24 June
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What to expect from the Bank of England meeting By Investing.com

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By Samuel Indyk Investing.com – The Bank of England announces its latest decisions on monetary policy on Thursday, in what is expected to be a relatively quiet meeting. The central bank is likely to keep its Bank Rate unchanged at the record low of 0.10% and the asset purchase facility is likely to be held at £895bln (£875bln in gilts and £20bln in corporate bonds). At the last meeting the Bank of England announced they would be slowing the pace of weekly asset purchases to £3.441bln per week from £4.44bln so they wouldn’t reach their total...

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