Friday, May 18, 2018

Sean Combs Is Revealed as Buyer of Kerry James Marshall Painting

“Past Times” by Kerry James Marshall sold for $21.1 million on Wednesday to the music mogul Sean Combs.

Trump Administration to Tie Health Facilities’ Funding to Abortion Restrictions

A Planned Parenthood clinic in Colorado Springs. The plan is the latest move by President Trump to impose curbs on reproductive rights.

Malaysia Seizes Najib’s ‘Rather Big’ Trove of Jewels and Handbags

The Malaysian police said they removed 284 boxes of handbags from residences belonging to former Prime Minister Najib Razak and his wife, Rosmah Mansor.

Trump’s Iran Move May Swamp Greece

A march on the Israeli embassy in Athens to protest the U.S. decision to relocate its embassy to Jerusalem and to condemn the deaths of Palestinians killed along the Gaza border.

Editorial Observer: Gimme Shelters, Manhattan

The plan to turn the Park Savoy Hotel in Midtown Manhattan into a men's homeless shelter has drawn a range of reactions.

Europe Edition: Emmanuel Macron, Royal Wedding, Cannabis: Your Friday Briefing

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Shari Redstone and Leslie Moonves Have Starring Roles in a Corporate War

Leslie Moonves, the chief executive of CBS, is at war with Shari Redstone, the leader of the network’s parent company.

Clashing With Trump, E.U. Tries to Blunt U.S. Sanctions on Iran

“We will not negotiate with the sword of Damocles hanging over our heads,” said European Commission President Jean-Claude Juncker, center. With him were Prime Minister Boyko Borissov of Bulgaria, left, and European Council President Donald Tusk.

RPT-UPDATE 1-U.S. driven by self-interest in wanting to block Russia pipeline -German minister

BERLIN, May 18 (Reuters) - A close ally of German Chancellor Angela Merkel issued a stark warning to the United States about the risks of placing "America First", accusing Washington of seeking to block a planned Russia-Germany gas pipeline to shore up its own exports.

UPDATE 1-Hikma reaffirms full-year revenue forecast, cites better generics business

May 18 (Reuters) - Hikma Pharmaceuticals Plc on Friday reaffirmed its revenue guidance for the full year, noting its generics business was performing better due to a favourable product mix, despite continued pricing pressure in the United States.

METALS-Aluminium drops for third session on rising stockpiles, nickel up

(Updates prices) By Manolo Serapio Jr MANILA, May 18 (Reuters) - London aluminium futures slipped for a third straight session on Friday as inventories increased, easing worries over a supply shortage in the aftermath of U.S. sanctions on major Russian producer Rusal. On-warrant aluminium stocks in warehouses certified by the London Metal Exchange - inventories that are not earmarked for delivery - surged by 153,075 tonnes or 18 percent on Wednesday, LME data showed on Thursday. &lt

UPDATE 1-Elon Musk brings high-tech charm offensive to Los Angeles tunnel plan

LOS ANGELES, May 17 (Reuters) - Billionaire entrepreneur Elon Musk promised a cheering crowd on Thursday that his controversial dream of burrowing a high-speed network of "personalized mass transit" tunnels under Los Angeles could be achieved without disturbance or noise at the surface.

CVC to buy Finnish healthcare group Mehilainen from KKR, Triton

HELSINKI, May 18 (Reuters) - Buyout fund CVC Capital has agreed to buy a majority stake in Mehilainen, one of Finland's largest healthcare companies, from private equity companies KKR and Triton.

UPDATE 1-AstraZeneca hit by falling Crestor sales, shares fall

LONDON, May 18 (Reuters) - AstraZeneca's first quarter profit was hit by generic competition to cholesterol fighter Crestor and higher costs, but the drugmaker expects a better second half and said it remained on track for a promised return to sales growth in 2018.

UPDATE 1-UK Stocks-Factors to watch on May 18

May 18 (Reuters) - Britain's FTSE index was up 0.09 percent at 0712 GMT.

UPDATE 1-UK competition regulator seeks comment on Sainsbury's/Asda deal

* Sainsbury's/Asda want fast track to "phase 2" probe (Adds detail)

UPDATE 3-China retreats from U.S. sorghum probe amid global market havoc

* Seen as goodwill gesture while China vice premier in Washington