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Powell: Fed needs independence to fight inflation, should avoid social policy

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STOCKHOLM, Jan 10 (Reuters) – The Federal Reserve’s independence from political influence is key to its ability to fight inflation, but requires it to stay clear of issues like that climate change that go beyond its mandate established by Congress, Fed Chairman Jerome Powell said on Tuesday. . “Restoring price stability when inflation is high …

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Congress report: US FDA broke its own protocols by approving Biogen Alzheimer’s drug

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WASHINGTON, Dec 29 (Reuters) – The U.S. Food and Drug Administration failed to follow its own internal guidelines and practices during the approval process for Biogen’s (BIIB.O) drug Aduhelm for Alzheimer’s disease , which was “plagued by irregularities,” according to a congressional report. presented Thursday. The FDA’s interactions with Biogen were “atypical” and did not …

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FTX Founder Sam Bankman-Fried Charged With Fraud Denied Bail

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NASSAU, Bahamas/NEW YORK, Dec 13 (Reuters) – U.S. prosecutors on Tuesday charged Sam Bankman-Fried, the founder of cryptocurrency exchange FTX, with fraud and violating campaign finance laws and a Bahamian judge denied him bail, sending him to a local correctional facility instead. The former FTX CEO, who was arrested in the Bahamas on Monday, bowed …

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Florida pulls $2 billion from BlackRock in biggest anti-ESG divestment

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Dec 1 (Reuters) – Florida’s chief financial officer said on Thursday his department would withdraw $2 billion from its assets managed by BlackRock Inc (BLK.N), the largest such divestment by a state opposed to the policies environmental, social and corporate aspects of the asset manager. governance policies (ESG). The move will hardly affect BlackRock’s $8 …

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