05:45 AM EST, 11/26/2024 (MT Newswires) -- Citigroup ( C ) is reducing the number of year-end staff promotions as part of long-term turnaround to rein in costs, the Financial Times reported Tuesday, citing people familiar with the decisions. Promotions could be reduced to as few as 2,000 employees from about 8,000 in previous rounds, the paper said. The change...

By Andrea Shalal WASHINGTON (Reuters) - U.S. President Joe Biden will propose expanding coverage of anti-obesity drugs for millions on Medicare and Medicaid, which could cut out-of-pocket expenses for some by as much as 95%, a White House official said on Tuesday. This would enable more Americans to afford new weight loss medications that can help prevent type 2 diabetes...

Rivian Automotive, Inc. ( RIVN ) shares are trading higher premarket on Tuesday. The company disclosed a conditional commitment from the U.S. Department of Energy’s Advanced Technology Vehicle Manufacturing (ATVM) Loan Program for up to $6.6 billion. The loan comprises $6 billion in principal and approximately $600 million in capitalized interest. Rivian expects the loan to support its growth and...

Nov 26 (Reuters) - The following bids, mergers, acquisitions, and disposals were reported by 1030 GMT on Tuesday: ** Switzerland's Roche will acquire its U.S. collaboration partner Poseida Therapeutics ( PSTX ) in a cash deal worth up to $1.5 billion, banking on complex immune cell therapies against several types of blood cancer to boost its development pipeline. ** Affinity...