- Reuters
UPDATE 1-Pfizer agrees to settle over 10,000 Zantac lawsuits, Bloomberg News reports
Pfizer has agreed to settle more than 10,000 lawsuits about cancer risks related to the now discontinued heartburn drug Zantac, Bloomberg News reported on Wednesday, citing people familiar with the deal. The agreements cover cases in U.S. state courts but don't completely resolve the company's exposure to Zantac claims, the report said, adding that financial details of the deals were not immediately available. Pfizer did not immediately respond to a Reuters request for comment.
- BBC
Hong Kong bans protest anthem after court case win
The city's court has overturned a previous ruling to ban the song which was used by democracy protesters.
- Reuters
EMERGING MARKETS-Latam FX slides as weaker commodity prices ahead of Brazil rate verdict
* Brazil rate decision awaited * Telefonica Brasil down after missing qrtly profit estimates * Stocks off 0.7%, FX down 0.5% By Shashwat Chauhan May 8 (Reuters) - Currencies of most resource-rich Latin American nations slipped on Wednesday, as softening commodity prices on a stronger dollar weighed, while Brazil's real was amongst top losers ahead of a likely interest rate cut later in the day. The Brazilian currency shed 0.2% against the dollar as iron ore prices, one of the country's top exports, came under pressure. The Brazilian central bank's rate-setting committee is widely expected to cut interest rates by at least 25 basis points later in the day, a third rate cut this year.
