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President Trump Expresses Dissatisfaction with Iranian Proposal Amid Ongoing Negotiations

President Trump Expresses Dissatisfaction with Iranian Proposal Amid Ongoing Negotiations

President Trump expressed dissatisfaction with Iran's latest proposal to end hostilities, stating that the Iranian leadership is disjointed and unable to agree on a unified approach. Speaking outside the White House, Trump noted that Iran's military capabilities have been significantly diminished, and the country is eager to negotiate. However, he remains skeptical about the effectiveness of current negotiations, which are being conducted telephonically. Trump also mentioned his upcoming visit to China and dismissed concerns about U.S. missile stockpiles amid the ongoing conflict with Iran.
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FDA Confirms Safety of Domestic Infant Formula Supply After Testing

FDA Confirms Safety of Domestic Infant Formula Supply After Testing

The U.S. Food and Drug Administration (FDA) has announced that recent tests of infant formula available in the United States have shown very low levels of contaminants, confirming the safety of the nation's supply. The FDA tested over 300 samples from 16 different brands, screening for heavy metals, pesticides, and synthetic chemicals. The results indicated that most samples had undetectable or very low levels of these contaminants. The FDA used the Environmental Protection Agency's drinking water limits as a benchmark, as the U.S. lacks specific heavy metal standards for infant formula.
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Estee Lauder to cut up to 3,000 more jobs as it pursues Puig deal

Estee Lauder to cut up to 3,000 more jobs as it pursues Puig deal

By Anuja Bharat Mistry and Arriana McLymore May 1 (Reuters) - Estée Lauder on Friday raised its annual profit forecast and said it would cut up to 3,000 more jobs globally as it accelerates a broader restructuring, sending its shares up about 7% in early trading.
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The Latest: Trump signs bill to end Homeland Security shutdown, averting more airport disruptions

The Latest: Trump signs bill to end Homeland Security shutdown, averting more airport disruptions

President Donald Trump has signed legislation funding much of the Department of Homeland Security, but not its immigration enforcement operations, ending the longest shutdown in the agency’s history
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US FDA taps Szarama as acting head of vaccine unit, Politico reports

US FDA taps Szarama as acting head of vaccine unit, Politico reports

May 1 (Reuters) - The U.S. Food and Drug Administration has named Katherine Szarama as the acting director of its vaccines and biologics unit, Politico reported on Thursday, after Vinay Prasad's turbulent tenure came to an end this week.
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Trading Day: AI glow brightens, Japan intervenes

Trading Day: AI glow brightens, Japan intervenes

By Jamie McGeever ORLANDO, Florida, April 30 (Reuters) - U.S. stocks surged on Thursday to close a remarkable month on a high as strong tech earnings and investment figures suggested that the AI boom has much further to run, while the yen had its best day since 2022 after Japan intervened in the
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US FDA authorizes early access to Revolution's pancreatic cancer pill

US FDA authorizes early access to Revolution's pancreatic cancer pill

May 1 (Reuters) - The U.S. Food and Drug Administration has authorized the granting of early access before regulatory approval to Revolution Medicines’ pill for patients with previously treated pancreatic cancer, the company said on Friday.
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Moderna tops revenue estimates on stronger international COVID vaccine sales

Moderna tops revenue estimates on stronger international COVID vaccine sales

By Julie Steenhuysen May 1 (Reuters) - Moderna surpassed Wall Street estimates for first-quarter revenue on Friday, helped by better-than-expected sales of its COVID-19 vaccine in international markets, sending its shares up nearly 5% in premarket trading.
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US stocks rally to the finish of their best month since 2020, even as oil prices whipsaw

US stocks rally to the finish of their best month since 2020, even as oil prices whipsaw

The U
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Morning Bid: So much news, so little time

Morning Bid: So much news, so little time

By Anna Szymanski May 1 (Reuters) - Everything Mike Dolan and the ROI team are excited to read, watch and listen to over the weekend. From the Editor Hello Morning Bid readers!  This week promised to be one of the year’s most eventful thus far – and it lived up to the billing.
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S&P 500, Dow futures inch up after Wall Street's best month in years

S&P 500, Dow futures inch up after Wall Street's best month in years

May 1 (Reuters) - S&P 500 and Dow futures ticked higher on Friday, after the indexes posted their biggest monthly gain in years, as a string of strong earnings offset concerns around a historic supply shock in oil markets.
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Exclusive-Ukraine sees path to Japanese arms after Tokyo eases export rules

Exclusive-Ukraine sees path to Japanese arms after Tokyo eases export rules

By John Geddie and Tim Kelly TOKYO, May 1 (Reuters) - Japan's relaxation of its weapons-exports rules opens a path for talks that could one day lead to Tokyo supplying military equipment to help Ukraine resist Russia's invasion, Kyiv's ambassador to Japan told Reuters.